Axon Enterprise (AXON) Research & Development (2010 - 2026)

Axon Enterprise's Research & Development history runs 17 years deep, the most recent figure standing at $189.0 million for Q1 2026.

• On a quarterly basis, Research & Development rose 25.11% year-over-year to $189.0 million in Q1 2026; TTM through Mar 2026 was $722.2 million, a 44.01% increase from a year earlier, with the FY2025 full-year figure at $684.3 million, up 54.96% from the prior year.
• Research & Development eased to $189.0 million in Q1 2026 per AXON's latest filing, from $194.0 million in the prior quarter.
• Across five years, Research & Development topped out at $194.0 million in Q4 2025 and bottomed at $48.4 million in Q1 2022.
• The 5-year median for Research & Development is $91.1 million (2024), against an average of $109.0 million.
• Across the five-year window, Research & Development rose 2.97% in 2022 and surged 65.78% in 2025, its largest moves.
• Year by year, Research & Development stood at $68.7 million in 2022, then advanced by 22.19% to $84.0 million in 2023, then jumped by 60.28% to $134.6 million in 2024, then jumped by 44.17% to $194.0 million in 2025, then retreated by 2.63% to $189.0 million in 2026.
• Per Business Quant, the three latest AXON Research & Development figures stand at $189.0 million (Q1 2026), $194.0 million (Q4 2025), and $176.7 million (Q3 2025).