Axon Enterprise (AXON) Research & Development (2010 - 2026)
Axon Enterprise's quarterly Research & Development came in at $189.0 million in Q1 2026, up 25.11% year-on-year from $151.0 million in Q1 2025, and down 2.62% quarter-over-quarter from $194.0 million in Q4 2025.
Axon Enterprise has reported Research & Development for 17 years, with the latest figure at $189.0 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 25.11% year-over-year to $189.0 million; the trailing twelve-month figure through Mar 2026 stood at $722.2 million (up 44.01% YoY), and the FY2025 full-year result was $684.3 million, up 54.96% from the prior year.
- Research & Development for Q1 2026 stood at $189.0 million, down from $194.0 million in the prior quarter.
- The five-year high for Research & Development was $194.0 million in Q4 2025, with the low at $48.4 million in Q1 2022.
- Average Research & Development over 5 years is $109.0 million, with a median of $91.1 million recorded in 2024.
- Year-over-year, Research & Development rose 2.97% in 2022 and surged 65.78% in 2025.
- Tracing AXON's Research & Development over 5 years: stood at $68.7 million in 2022, then grew by 22.21% to $84.0 million in 2023, then jumped by 60.27% to $134.6 million in 2024, then soared by 44.17% to $194.0 million in 2025, then fell by 2.62% to $189.0 million in 2026.
- The last three Research & Development figures came in at $189.0 million (Q1 2026), $194.0 million (Q4 2025), and $176.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 316.77 Bn | 306.03 Bn | 9.11 Bn | 440.00 Mn |
| 2 | Rtx | 238.61 Bn | 233.51 Bn | 9.08 Bn | 627.00 Mn |
| 3 | Boeing | 172.59 Bn | 151.68 Bn | 2.55 Bn | 903.00 Mn |
| 4 | Lockheed Martin | 122.59 Bn | 120.70 Bn | 2.08 Bn | - |
| 5 | Howmet Aerospace | 102.88 Bn | 100.44 Bn | 854.00 Mn | 9.00 Mn |
| 6 | General Dynamics | 92.64 Bn | 88.99 Bn | 9.09 Bn | - |
| 7 | Rocket Lab | 82.19 Bn | 80.92 Bn | 76.49 Mn | 80.51 Mn |
| 8 | Northrop Grumman | 78.95 Bn | 76.86 Bn | 3.45 Bn | - |
| 9 | TransDigm | 70.63 Bn | 66.75 Bn | 1.51 Bn | - |
| 10 | Axon Enterprise | 30.94 Bn | 30.22 Bn | 477.29 Mn | 188.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 188.95 Mn |
| Dec 31, 2025 | 194.04 Mn |
| Sep 30, 2025 | 176.67 Mn |
| Jun 30, 2025 | 162.57 Mn |
| Mar 31, 2025 | 151.02 Mn |
| Dec 31, 2024 | 134.59 Mn |
| Sep 30, 2024 | 114.48 Mn |
| Jun 30, 2024 | 101.43 Mn |
| Mar 31, 2024 | 91.10 Mn |
| Dec 31, 2023 | 83.97 Mn |
| Sep 30, 2023 | 76.88 Mn |
| Jun 30, 2023 | 71.94 Mn |
| Mar 31, 2023 | 70.93 Mn |
| Dec 31, 2022 | 68.71 Mn |
| Sep 30, 2022 | 59.13 Mn |
| Jun 30, 2022 | 57.55 Mn |
| Mar 31, 2022 | 48.42 Mn |
| Dec 31, 2021 | 50.67 Mn |
| Sep 30, 2021 | 42.38 Mn |
| Jun 30, 2021 | 53.95 Mn |
| Mar 31, 2021 | 47.02 Mn |
| Dec 31, 2020 | 38.01 Mn |
| Sep 30, 2020 | 29.25 Mn |
| Jun 30, 2020 | 29.56 Mn |
| Mar 31, 2020 | 26.38 Mn |
| Dec 31, 2019 | 28.72 Mn |
| Sep 30, 2019 | 25.13 Mn |
| Jun 30, 2019 | 23.49 Mn |
| Mar 31, 2019 | 23.35 Mn |
| Dec 31, 2018 | 21.25 Mn |
| Sep 30, 2018 | 21.98 Mn |
| Jun 30, 2018 | 18.50 Mn |
| Mar 31, 2018 | 15.12 Mn |
| Dec 31, 2017 | 15.78 Mn |
| Sep 30, 2017 | 14.17 Mn |
| Jun 30, 2017 | 12.99 Mn |
| Mar 31, 2017 | 12.46 Mn |
| Dec 31, 2016 | 9.61 Mn |
| Sep 30, 2016 | 7.36 Mn |
| Jun 30, 2016 | 6.71 Mn |
| Mar 31, 2016 | 6.93 Mn |
| Dec 31, 2015 | 6.62 Mn |
| Sep 30, 2015 | 6.53 Mn |
| Jun 30, 2015 | 5.91 Mn |
| Mar 31, 2015 | 4.56 Mn |
| Dec 31, 2014 | 4.07 Mn |
| Sep 30, 2014 | 3.76 Mn |
| Jun 30, 2014 | 3.46 Mn |
| Mar 31, 2014 | 3.61 Mn |
| Dec 31, 2013 | 3.44 Mn |
| Sep 30, 2013 | 2.44 Mn |
| Jun 30, 2013 | 1.99 Mn |
| Mar 31, 2013 | 2.01 Mn |
| Dec 31, 2012 | 1.98 Mn |
| Sep 30, 2012 | 1.99 Mn |
| Jun 30, 2012 | 2.04 Mn |
| Mar 31, 2012 | 2.13 Mn |
| Dec 31, 2011 | 2.08 Mn |
| Sep 30, 2011 | 2.36 Mn |
| Jun 30, 2011 | 2.79 Mn |
| Mar 31, 2011 | 2.75 Mn |
| Dec 31, 2010 | 2.53 Mn |
| Sep 30, 2010 | 1.69 Mn |
| Jun 30, 2010 | 3.06 Mn |