AXONAxon Enterprise
Axon Enterprise, Inc. (“Axon,” the “Company,” “we” or “us”) is a technology company that provides integrated hardware and software solutions. 10-K, Item 1
- Employees
- 5,100
- Headquarters
- Scottsdale, AZ
- CEO
- Patrick W. Smith
- Next results
- around Feb 23, 2027
Key numbers
Latest fiscal year, with ten years behind eachWhat changed
10-K filed Feb 25, 2026 against Feb 28, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 23 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Restatement (8-K item 4.02) | 8-K item 4.02 (non-reliance on previous financial statements) filed 2025-05-07 | 10-K · XBRL |
| Critical audit matters changed | New this year: Revenue Recognition for Certain Contracts with Customers for Products and Services (“As described in Note 1 to the consolidated financial statements, the Company’s net sales were $2.8 billion for the year ended December 31, 2025, a significant portion of which relates to certain contracts with customers for products and services. The Company derives revenue from two primary sources:”); Table o f Contents (“Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to the revenue recognition process, including controls ”). No longer listed: Revenue Recognition for Certain Products and Services; Valuation of Certain Intangible Assets - Acquisitions of Fusus and Dedrone | 10-K · XBRL |
| Material weakness in internal control | “Based on this evaluation, our Chief Executive Officer and our Chief Financial Officer have concluded that our disclosure controls and procedures were not effective as of December 31, 2025, as a result of the material weakness in internal control over financial reporting discussed below.” | 10-K · XBRL |
| Accounting checks | 8 other checks clear, 3 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 3 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Feb 25, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-28. Quoted as filed.
Acquisitions and investments may present unforeseen operating, financial, or compliance challenges. Many of these challenges may arise from actions, omissions, business practices, contractual arrangements, or operational decisions of the acquired business or investee entity that occurred prior to or independently of our ownership or…
10-K, Item 1A
Accounting checks
latest 10-K8 of 11 clear 3 worth a look. Checks, not verdicts.
- !Restatement (8-K item 4.02)8-K item 4.02 (non-reliance on previous financial statements) filed 2025-05-07
- !Critical audit matters changedNew this year: Revenue Recognition for Certain Contracts with Customers for Products and Services (“As described in Note 1 to the consolidated financial statements, the Company’s net sales were $2.8 billion for the year ended December 31, 2025, a significant portion of which relates to certain contracts with customers for products and services. The Company derives revenue from two primary sources:”); Table o f Contents (“Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to the revenue recognition process, including controls ”). No longer listed: Revenue Recognition for Certain Products and Services; Valuation of Certain Intangible Assets - Acquisitions of Fusus and Dedrone
- !Material weakness in internal control“Based on this evaluation, our Chief Executive Officer and our Chief Financial Officer have concluded that our disclosure controls and procedures were not effective as of December 31, 2025, as a result of the material weakness in internal control over financial reporting discussed below.”
- ✓Receivables +42.0% vs revenue +33.5% (+8.5 pts)
- ✓Cash from operations $211.3M vs net income $124.7M (FY ending 2025-12-31)
- ✓Inventory +28.8% vs revenue +33.5% (-4.6 pts)
- ✓Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
- ✓No statement of substantial doubt about going concern
- ✓No NT 10-K or NT 10-Q in the last 2 years
- ✓No 8-K item 2.06 in the last 2 years
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Nov 6, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
- Nov 5, 20268-K Quarterly results 8-K item 2.02
- Nov 5, 20268-K Material agreement signed, Unregistered share sale, Regulation FD disclosure 8-K items 1.01, 3.02, 7.01
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