Axon Enterprise (AXON) Free Cash Flow (2010 - 2026)

Axon Enterprise (AXON) recorded quarterly Free Cash Flow of -$37.5 million in Q1 2026, down 113.18% quarter-over-quarter from $284.4 million in Q4 2025, and down 4122.53% on a YoY basis from $932000.0 in Q1 2025.

Axon Enterprise (AXON) Free Cash Flow (2010 - 2026) Analysis & Trends

Axon Enterprise's Free Cash Flow history runs 17 years deep, the most recent figure standing at -$37.5 million for Q1 2026.

  • In Q1 2026, Free Cash Flow fell 4122.53% year-over-year to -$37.5 million; the TTM figure through Mar 2026 stood at $165.6 million (down 54.32% YoY), while the FY2025 annual figure was $204.0 million, down 38.08% from the prior year.
  • Free Cash Flow was -$37.5 million for Q1 2026 at Axon Enterprise, down from $284.4 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $284.4 million in Q4 2025 to a low of -$69.9 million in Q2 2025.
  • Historically, Free Cash Flow has averaged $50.9 million across 5 years, with a median of $26.9 million in 2022.
  • The sharpest annual moves came in 2022 and 2026: Free Cash Flow jumped 26371.65% in 2022, then tumbled 4122.53% in 2026.
  • A 5-year view of Free Cash Flow shows it stood at $119.5 million in 2022, then jumped by 46.75% to $175.4 million in 2023, then climbed by 3.52% to $181.6 million in 2024, then soared by 56.61% to $284.4 million in 2025, then sank by 113.18% to -$37.5 million in 2026.
  • The last three Free Cash Flow figures came in at -$37.5 million (Q1 2026), $284.4 million (Q4 2025), and -$11.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 DEFSEC Technologies 5,720.56 Bn 5,720.56 Bn 456,459.43 -1.24 Mn
2 General Electric 359.38 Bn 348.64 Bn 9.11 Bn 1.49 Bn
3 Rtx 248.80 Bn 243.70 Bn 9.08 Bn 1.31 Bn
4 Boeing 180.64 Bn 159.74 Bn 2.55 Bn -1.45 Bn
5 Lockheed Martin 121.64 Bn 119.74 Bn 2.08 Bn -291.00 Mn
6 Howmet Aerospace 108.46 Bn 106.03 Bn 854.00 Mn 359.00 Mn
7 General Dynamics 96.96 Bn 93.31 Bn 9.09 Bn 1.95 Bn
8 Embraer 95.73 Bn 93.11 Bn - -
9 Northrop Grumman 77.30 Bn 75.21 Bn 3.45 Bn -1.82 Bn
10 Axon Enterprise 35.50 Bn 34.78 Bn 477.29 Mn -37.49 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -37.49 Mn
Mar 31, 2026 -37.49 Mn
Dec 31, 2025 284.40 Mn
Dec 31, 2025 284.40 Mn
Sep 30, 2025 -11.38 Mn
Sep 30, 2025 -11.38 Mn
Jun 30, 2025 -69.90 Mn
Jun 30, 2025 -69.90 Mn
Mar 31, 2025 932,000.00
Mar 31, 2025 932,000.00
Dec 31, 2024 181.60 Mn
Dec 31, 2024 181.60 Mn
Sep 30, 2024 108.62 Mn
Sep 30, 2024 108.62 Mn
Jun 30, 2024 71.45 Mn
Jun 30, 2024 71.45 Mn
Mar 31, 2024 -32.13 Mn
Mar 31, 2024 -32.13 Mn
Dec 31, 2023 175.42 Mn
Dec 31, 2023 175.42 Mn