Axon Enterprise (AXON) Research & Development (2010 - 2026)
Axon Enterprise (AXON) posted quarterly Research & Development of $189.0 million for Q1 2026, up 25.11% year-over-year from $151.0 million in Q1 2025, and down 2.63% quarter-over-quarter from $194.0 million in Q4 2025.
Axon Enterprise (AXON) Research & Development (2010 - 2026) Analysis & Trends
Axon Enterprise's Research & Development history runs 17 years deep, the most recent figure standing at $189.0 million for Q1 2026.
- In Q1 2026, Research & Development rose 25.11% year-over-year to $189.0 million; the TTM figure through Mar 2026 stood at $722.2 million (up 44.01% YoY), while the FY2025 annual figure 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.
- The 5-year median for Research & Development is $91.1 million (2024), against an average of $109.0 million.
- The sharpest annual moves came in 2022 and 2025: Research & Development climbed 2.97% in 2022, then surged 65.78% in 2025.
- Axon Enterprise's Research & Development stood at $68.7 million in 2022, then gained by 22.19% to $84.0 million in 2023, then soared by 60.28% to $134.6 million in 2024, then soared by 44.17% to $194.0 million in 2025, then fell by 2.63% to $189.0 million in 2026.
- Business Quant data shows AXON's Research & Development at $189.0 million in Q1 2026, $194.0 million in Q4 2025, and $176.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | 460.00 Mn |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 726.00 Mn |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 921.00 Mn |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 8.00 Mn |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | - |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | - |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | - |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | - |
| 10 | Axon Enterprise | 49.43 Bn | 48.76 Bn | 546.45 Mn | 208.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 208.69 Mn |
| 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 | 68.72 Mn |
| Sep 30, 2022 | 59.13 Mn |
| Jun 30, 2022 | 57.55 Mn |
| Mar 31, 2022 | 48.42 Mn |
| Dec 31, 2021 | 50.65 Mn |
| Sep 30, 2021 | 42.38 Mn |