AXONAxon Enterprise

Industrials · Defense · Nasdaq

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

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What the 10-K filed 2026-02-25 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-28.

Big customers

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

“No customer represented more than 10% of total net sales for the years ended December 31, 2025, 2024 or 2023.”
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“At December 31, 2025 and 2024, no customer represented more than 10% of the aggregate balance of accounts and notes receivable and contract assets.”
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Key suppliers

2 new

Parts or manufacturing that depend on one or a few suppliers.

New “loss, modification, or non-renewal of government contracts, framework agreements, or sole-source arrangements following a change of control or integration into our operations;”
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New “Our reliance on third party suppliers creates risks, including our ability to obtain adequate supply of components or sub-assemblies and both single or sole-source components used in the manufacture of our products.”
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“We also purchase raw materials for TASER 10 CEDs from a limited number of suppliers, some of which may be subject to market price fluctuations that we may be unable to pass through to our customers.”
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Lawsuits and legal claims

Pending cases, settlements and what the company has set aside for them.

“Contingencies and Accrued Litigation Expense”
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“An estimated loss contingency is accrued when it is probable that an asset has been impaired or a liability has been incurred and the amount of loss can be reasonably estimated.”
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“Due to the confidential nature of our litigation strategy and the confidentiality agreements that are executed in the event of a settlement, we do not identify or comment on specific settlements by case or amount.”
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“After carefully assessing the claim, and assuming we determine that we are not at fault or we disagree with the damages or relief demanded, we vigorously defend any lawsuit filed against us.”
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Guarantees and indemnities

1 new

Promises to pay someone else's debts or losses if they cannot.

New “These measurement period adjustments also include $3.3 million indemnification assets related to certain pre-acquisition contingencies.”
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Debt covenants

Conditions in loan agreements that, if broken, can make debt due early.

No specific sentence about this in the 10-K.

Commitments off the balance sheet

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

“The remaining purchase commitment at December 31, 2025 was $154.9 million.”
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“As of December 31, 2025, we had approximately $1.2 billion of open purchase orders and $156.7 million of other purchase obligations, inclusive of the data storage commitment noted above.”
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Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗

Work on AXON in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/AXON/export.csv") into a cell.