Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsOperating margin changed -5.0 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -5.0 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- 3 filing risk checks flagged
Flagged areas: Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +33.5% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $75M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Connected Devices$1.58B56.7%+29.1% yoy
- Software And Services Segment$1.2B43.3%+39.6% yoy
Members sum to the consolidated $2.78B for this period.
- Product$1.58Bshare n/a+29.1% yoy
- Software And Services$1.2Bshare n/a+39.6% yoy
- Service$1.2Bshare n/a+39.6% yoy
- TASER Devices Professional$914Mshare n/a+21.8% yoy
- Personal Sensors$397Mshare n/a+25.3% yoy
- Platform Solutions$266Mshare n/a+72.5% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- United States$2.31B82.9%+29.8% yoy
- Outside the United States$475M17.1%+54.4% yoy
Members sum to the consolidated $2.78B for this period.
- Connected Devices$453M56.1%+32.8% yoy
- Software And Sensors$355M43.9%+34.9% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,058 US-listed filers · 320 in Industrials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $2.8B | 71stof 3,301 top third | 59thof 305 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 33.5% | 86thof 3,137 top third | 91stof 294 top third |
Gross margin gross profit ÷ revenue | 59.6% | 76thof 1,603 top third | 93rdof 167 top third |
Operating margin operating income ÷ revenue | -2.2% | 39thof 2,819 middle third | 28thof 280 bottom third |
Net margin net income ÷ revenue | 4.5% | 57thof 3,263 middle third | 60thof 299 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 2.7% | 43rdof 2,679 middle third | 43rdof 276 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 3.8% | 49thof 3,577 middle third | 40thof 281 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 22.8% | 15thof 2,895 bottom third | 8thof 266 bottom third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 2.9× | 43rdof 1,547 middle third | 39thof 149 middle third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 1.7× | 56thof 1,954 middle third | 54thof 187 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -1.5% | 28thof 2,770 bottom third | 24thof 230 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 40.6% | 17thof 2,345 bottom third | 12thof 175 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 30 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2023-12-31 | $32.6M 10-K 2024-02-27 | $19.3M 10-K 2026-02-25 | -40.8% | first · latest · 4 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2024-03-31 | $11.6M 10-Q 2024-05-07 | $7.36M 10-Q 2025-05-07 | -36.4% | first · latest |
| Net income NetIncomeLoss | quarter 2023-06-30 | $12.4M 10-Q 2023-08-08 | $11.5M 10-K/A 2025-05-07 | -7.3% | first · latest · 6 filings carry it |
| Net income NetIncomeLoss | fiscal year 2021-12-31 | -$60M 10-K 2022-02-25 | -$56.3M 10-Q 2024-11-08 | +6.1% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | $16.6M 10-Q 2023-05-09 | $17.6M 10-K/A 2025-05-07 | +5.9% | first · latest · 4 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2022-12-31 | $24.4M 10-K 2023-02-28 | $23.1M 10-K/A 2025-05-07 | -5.2% | first · latest · 4 filings carry it |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2024-03-31 | $516M 10-Q 2024-05-07 | $494M 10-K/A 2025-05-07 | -4.4% | first · latest |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2023-12-31 | $492M 10-K 2024-02-27 | $470M 10-K/A 2025-05-07 | -4.3% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-09-30 | $55.1M 10-Q 2023-11-07 | $57.4M 10-K/A 2025-05-07 | +4.2% | first · latest · 4 filings carry it |
| Deferred revenue (non-current) ContractWithCustomerLiabilityNoncurrent | balance at 2023-12-31 | $282M 10-K 2024-02-27 | $271M 10-K/A 2025-05-07 | -3.9% | first · latest · 6 filings carry it |
| Deferred revenue (non-current) ContractWithCustomerLiabilityNoncurrent | balance at 2024-03-31 | $294M 10-Q 2024-05-07 | $283M 10-K/A 2025-05-07 | -3.8% | first · latest |
| Net income NetIncomeLoss | quarter 2023-09-30 | $59.4M 10-Q 2023-11-07 | $61.3M 10-K/A 2025-05-07 | +3.2% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2021-12-31 | -$168M 10-K 2022-02-25 | -$163M 10-Q 2024-11-08 | +3.0% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | $40.3M 10-Q 2023-08-08 | $39.1M 10-K/A 2025-05-07 | -2.9% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2024-06-30 | $32.9M 10-Q 2024-08-07 | $33.8M 10-Q 2025-08-05 | +2.7% | first · latest · 5 filings carry it |
| Total liabilities Liabilities | balance at 2024-03-31 | $1.8B 10-Q 2024-05-07 | $1.76B 10-K/A 2025-05-07 | -1.9% | first · latest |
| Total liabilities Liabilities | balance at 2023-12-31 | $1.82B 10-K 2024-02-27 | $1.79B 10-K/A 2025-05-07 | -1.7% | first · latest · 6 filings carry it |
| Net income NetIncomeLoss | quarter 2023-03-31 | $45.1M 10-Q 2023-05-09 | $45.9M 10-K/A 2025-05-07 | +1.7% | first · latest · 8 filings carry it |
| Net income NetIncomeLoss | quarter 2024-06-30 | $40.8M 10-Q 2024-08-07 | $41.5M 10-Q 2025-11-05 | +1.7% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | $155M 10-K 2024-02-27 | $157M 10-K 2026-02-25 | +1.3% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2024-03-31 | $16.3M 10-Q 2024-05-07 | $16.5M 10-Q 2025-05-07 | +1.1% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | fiscal year 2023-12-31 | $174M 10-K 2024-02-27 | $176M 10-K 2026-02-25 | +0.9% | first · latest · 5 filings carry it |
| Gross profit GrossProfit | fiscal year 2021-12-31 | $541M 10-K 2022-02-25 | $546M 10-Q 2024-11-08 | +0.9% | first · latest · 4 filings carry it |
| Total assets Assets | balance at 2024-03-31 | $3.62B 10-Q 2024-05-07 | $3.59B 10-K/A 2025-05-07 | -0.8% | first · latest |
| Total assets Assets | balance at 2023-12-31 | $3.44B 10-K 2024-02-27 | $3.41B 10-K/A 2025-05-07 | -0.8% | first · latest · 6 filings carry it |
| Gross profit GrossProfit | quarter 2024-06-30 | $304M 10-Q 2024-08-07 | $306M 10-Q 2025-08-05 | +0.8% | first · latest · 5 filings carry it |
| Gross profit GrossProfit | quarter 2023-06-30 | $232M 10-Q 2023-08-08 | $230M 10-K/A 2025-05-07 | -0.8% | first · latest · 4 filings carry it |
| Gross profit GrossProfit | quarter 2024-03-31 | $260M 10-Q 2024-05-07 | $259M 10-Q 2025-05-07 | -0.6% | first · latest · 5 filings carry it |
| Gross profit GrossProfit | quarter 2023-09-30 | $255M 10-Q 2023-11-07 | $257M 10-K/A 2025-05-07 | +0.5% | first · latest · 4 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-06-30 | $375M 10-Q 2023-08-08 | $373M 10-K/A 2025-05-07 | -0.5% | first · latest · 4 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for AXON yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.