Axon Reports Strong Q4 & Full-Year 2025 Results, Sets Ambitious 2028 Revenue Target of $6 Billion
AXON sits 28% above its 52-week low of $396.41.
Summary
Axon Enterprise, Inc. announced robust Q4 and full-year 2025 financial results, with significant revenue growth and increased Adjusted EBITDA, alongside establishing an ambitious 2028 target of $6 billion in annual revenue.
Key Events · Earnings and Guidance · AXON
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Strong 2025 Financial Performance
Axon reported Q4 2025 revenue of $797 million, up 39% year-over-year, and full-year 2025 revenue of $2.8 billion, an increase of 33% year-over-year.
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Increased Profitability (Non-GAAP)
The company achieved Q4 2025 Adjusted EBITDA of $206 million, up 46% year-over-year, and a full-year Adjusted EBITDA margin of 25.5%.
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Ambitious 2028 Targets
Axon established new long-term targets for 2028, aiming for $6 billion in annual revenue and an Adjusted EBITDA margin of approximately 28%.
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Robust Operational Growth
Annual recurring revenue grew 35% year-over-year to $1.3 billion, and total future contracted bookings increased 43% year-over-year to $14.4 billion.
Analysis · AXON · Manufacturing
This 8-K details Axon's strong financial performance for Q4 and full-year 2025, highlighted by substantial revenue growth and increased Adjusted EBITDA. While GAAP net income saw a decline, the company attributes this to strategic investments in product innovation and headcount, which are driving future growth as evidenced by accelerating annual recurring revenue and future contracted bookings. The introduction of new 2028 targets, including $6 billion in annual revenue and a 28% Adjusted EBITDA margin, signals strong management confidence in long-term growth and market leadership in public safety technology. Investors should monitor the company's ability to maintain profitability while executing on its aggressive growth and innovation strategy.
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At the time of this filing, AXON was trading at $509.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $34.9B. The 52-week trading range was $396.41 to $885.92. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.