Business
Axon reports Q1 2025 revenue of $604 million, up 31% year over year
Software & Services revenue grows 39% to $263 million
About this update from Axon Enterprise, Inc.
[{"type":"text","content":"SCOTTSDALE, Ariz., May 7, 2025 /PRNewswire/ --","length":46,"tagName":"p"},{"type":"image","alt":"TASER's Axon brand includes a growing suite of connected products and services from body cameras and digital evidence management tools to mobiles apps.","displaySize":"","headline":null,"caption":"TASER's Axon brand includes a growing suite of connected products and services from body cameras and digital evidence management tools to mobiles apps.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/4422eb9804719b67fd843f655797624c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/997VcWi5imPBYSvykyh_nQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/4422eb9804719b67fd843f655797624c","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/231466/axon_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"list","items":[{"val":[{"type":"text","content":"Software & Services revenue grows 39% to $263 million","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"Annual recurring revenue grows 34% to $1.1 billion","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $88 million supports non-GAAP net income of $115 million and Adjusted EBITDA of $155 million","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"Raises full year revenue outlook to a range of $2.60 billion to $2.70 billion, up from $2.55 billion to $2.65 billion","length":117,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":330,"olType":false},{"type":"text","content":"Fellow shareholders,","length":20,"tagName":"p"},{"type":"text","content":"Axon delivered a strong start to 2025, achieving record quarterly revenue while maintaining healthy margins and reinforcing our foundation for long-term growth through continued product innovation and a strengthened balance sheet. First quarter revenue reached $604 million, representing 31% year-over-year growth and marking our 13th consecutive quarter of growth exceeding 25%. We continued to demonstrate profitable expansion, with a net income margin of 14.6% and an Adjusted EBITDA margin of 25.7%.","length":503,"tagName":"p"},{"type":"text","content":"Our performance was led by Software & Services, which generated $263 m...