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.

• In Q1 2026, Cost of Revenue rose 38.74% year-over-year to $330.1 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 38.25% YoY), while the FY2025 annual figure was $1.1 billion, up 33.32% from the prior year.
• Cost of Revenue was $330.1 million for Q1 2026 at Axon Enterprise, down from $335.4 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $335.4 million in Q4 2025 to a low of $100.7 million in Q1 2022.
• Historically, Cost of Revenue has averaged $197.6 million across 5 years, with a median of $197.1 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Cost of Revenue surged 62.82% in 2022, then rose 18.21% in 2025.
• A 5-year view of Cost of Revenue shows it 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.
• The last three Cost of Revenue figures came in at $330.1 million (Q1 2026), $335.4 million (Q4 2025), and $283.3 million (Q3 2025), per Business Quant data.