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Axon Enterprise (AXON) Cost of Revenue (2016 - 2025)

Axon Enterprise has reported Cost of Revenue over the past 16 years, most recently at $335.4 million for Q4 2025.

  • Quarterly results put Cost of Revenue at $335.4 million for Q4 2025, up 46.29% from a year ago — trailing twelve months through Dec 2025 was $1.1 billion (up 33.32% YoY), and the annual figure for FY2025 was $1.1 billion, up 33.32%.
  • Cost of Revenue for Q4 2025 was $335.4 million at Axon Enterprise, up from $283.3 million in the prior quarter.
  • Over the last five years, Cost of Revenue for AXON hit a ceiling of $335.4 million in Q4 2025 and a floor of $71.7 million in Q1 2021.
  • Median Cost of Revenue over the past 5 years was $149.5 million (2023), compared with a mean of $167.4 million.
  • Biggest five-year swings in Cost of Revenue: decreased 5.74% in 2021 and later skyrocketed 62.82% in 2022.
  • Axon Enterprise's Cost of Revenue stood at $80.0 million in 2021, then soared by 62.82% to $130.2 million in 2022, then rose by 27.8% to $166.4 million in 2023, then soared by 37.81% to $229.3 million in 2024, then surged by 46.29% to $335.4 million in 2025.
  • The last three reported values for Cost of Revenue were $335.4 million (Q4 2025), $283.3 million (Q3 2025), and $264.8 million (Q2 2025) per Business Quant data.