Axon Q4 Revenue Up 39% to $797M, Guides 27–30% Growth
Axon reported Q4 2025 revenue of $797 million, up 39% year over year, with Software and Services revenue rising 40% to $343 million. Non-GAAP net income reached $178 million and adjusted EBITDA was $206 million, while 2026 revenue is guided at 27%–30% growth with 2028 targets of $6 billion.
1. Q4 2025 Financial Results
Axon reported total revenue of $797 million for Q4 2025, a 39% increase from the prior year, driven by Software and Services revenue growth to $343 million, up 40% year over year.
2. Profitability Metrics
The company recorded GAAP net income of $3 million and non-GAAP net income of $178 million, while generating adjusted EBITDA of $206 million, reflecting improved operational leverage.
3. 2026 Outlook and 2028 Targets
Axon established full-year 2026 guidance for revenue growth of 27% to 30% and an adjusted EBITDA margin of 25.5%, and introduced long-term targets of $6 billion in annual revenue and a 28% EBITDA margin by 2028.