Axon Enterprise (AXON) Cost of Revenue (2010 - 2026)

Axon Enterprise's Cost of Revenue history runs 17 years deep, the most recent figure standing at $330.1 million for Q1 2026.

• On a quarterly basis, Cost of Revenue rose 38.74% year-over-year to $330.1 million in Q1 2026; TTM through Mar 2026 was $1.2 billion, a 38.25% increase from a year earlier, with the FY2025 full-year figure at $1.1 billion, up 33.32% from the prior year.
• Cost of Revenue eased to $330.1 million in Q1 2026 per AXON's latest filing, from $335.4 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $335.4 million in Q4 2025 and bottomed at $100.7 million in Q1 2022.
• The 5-year median for Cost of Revenue is $197.1 million (2024), against an average of $197.6 million.
• Across the five-year window, Cost of Revenue jumped 62.82% in 2022 and advanced 18.21% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at $130.2 million in 2022, then increased by 27.8% to $166.4 million in 2023, then surged by 37.81% to $229.3 million in 2024, then jumped by 46.29% to $335.4 million in 2025, then retreated by 1.6% to $330.1 million in 2026.
• Per Business Quant, the three latest AXON Cost of Revenue figures stand at $330.1 million (Q1 2026), $335.4 million (Q4 2025), and $283.3 million (Q3 2025).