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.

• 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 was $189.0 million for Q1 2026 at Axon Enterprise, down from $194.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $194.0 million in Q4 2025 to a low of $48.4 million in Q1 2022.
• Historically, Research & Development has averaged $109.0 million across 5 years, with a median of $91.1 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Research & Development grew 2.97% in 2022, then soared 65.78% in 2025.
• A 5-year view of Research & Development shows it stood at $68.7 million in 2022, then climbed by 22.21% to $84.0 million in 2023, then soared by 60.27% to $134.6 million in 2024, then surged by 44.17% to $194.0 million in 2025, then declined 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.