Axon Enterprise, Inc. (AXON) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -31.52M | 217.24M | 60.01M | -91.7M | 25.79M | 250.17M | 91.32M | 82.76M | -15.94M | 140.04M | 62.89M | 42.66M | -56.32M | 131.12M | 40.9M | 19.38M | 43.96M | 12.93M | 16.45M | 34.18M |
| Operating CF Margin % | -3.9% | 27.27% | 8.45% | -13.72% | 4.27% | 43.5% | 16.78% | 16.45% | -3.47% | 32.54% | 15.22% | 11.39% | -16.42% | 39.01% | 13.12% | 6.78% | 17.14% | 5.94% | 7.09% | 15.62% |
| Operating CF Growth % | -222.19% | -13.16% | -34.28% | -210.8% | 261.84% | 78.64% | 45.2% | 94.02% | 71.7% | 6.8% | 53.77% | 120.15% | -228.11% | 914.08% | 148.65% | -43.31% | -27.86% | -62.32% | 47.66% | 267.6% |
| Net Income | 169.31M | 2.75M | -2.19M | 36.12M | 87.98M | 135.18M | 67.83M | 41.47M | 133.35M | 57.27M | 59.4M | 12.42M | 45.14M | 29.18M | 12.13M | 50.96M | 54.87M | -13.51M | 48.52M | -47.12M |
| Depreciation & Amortization | 30.36M | 26.95M | 19.61M | 17.16M | 19.45M | 17.68M | 6.18M | 10.39M | 7.36M | 10.05M | 8.42M | 7.48M | 6.69M | 6.21M | 6.21M | 6.21M | 5.75M | 5.27M | 4.84M | 4.29M |
| Stock-Based Compensation | 0 | 208.6M | 146.15M | 139.24M | 140.24M | 130.89M | 101.78M | 74.82M | 75.11M | 35.13M | 29.99M | 31.89M | 34.35M | 31.72M | 28.2M | 21.16M | 25.09M | 41.11M | 35.06M | 137.55M |
| Deferred Taxes | 18.02M | -28.98M | 16.37M | -21.3M | -48.77M | -58.03M | -20.23M | -28.43M | 20.67M | -19.22M | -14.27M | -25.93M | -8.8M | -8.3M | 3.92M | 10.55M | 19.39M | -23.19M | -51.97M | -6.44M |
| Other Non-Cash Items | -42.73M | 15.02M | -484.96M | 44.38M | -101.94M | -76.82M | -192.26M | 5.3M | -135.55M | 244K | -6.89M | 60.53M | -16.26M | -2.05M | 14.88M | -46.02M | -53.76M | 12.46M | 10.18M | -37.2M |
| Working Capital Changes | -206.48M | -7.09M | 365.03M | -307.31M | -71.17M | 101.27M | 128.02M | -20.79M | -116.88M | 56.56M | -13.75M | -43.74M | -117.43M | 74.37M | -24.44M | -23.49M | -7.38M | -9.21M | -30.18M | -16.91M |
| Change in Receivables | 48.91M | -139.51M | 212.83M | -139.27M | -73.56M | -19.08M | 60.51M | -20.36M | -56.74M | 9.94M | -95.58M | -36.72M | -50.43M | 41.82M | -34.8M | -87.74M | 421K | -87.67M | -114.11M | -35.29M |
| Change in Inventory | -64.71M | -23.77M | -10.08M | -31.11M | -16.99M | 12.24M | -3.51M | -14.88M | -2.07M | -12.33M | -15.98M | -27.77M | -15.81M | -29.72M | -19.16M | -32.85M | -14.26M | -15.12M | -1.31M | -2.37M |
| Change in Payables | -151.05M | 242.16M | 23.55M | 12.56M | 8.61M | 44.28M | 53.31M | 42.31M | -85.84M | 50.96M | 49.4M | 1.07M | -37.04M | 52.07M | 4.12M | 34.15M | -9.58M | 16.77M | 38.91M | 7.68M |
| Cash from Investing | -616.94M | -226.44M | 590.26M | -386.53M | -702.22M | -441.74M | 43.07M | 82.14M | -174.04M | 53.17M | -121.95M | 153.93M | -72.67M | -528.97M | -103.22M | -188.44M | -10.35M | 159.14M | 66.97M | 80.57M |
| Capital Expenditures | -23.13M | -61.81M | -26.64M | -22.95M | -24.86M | -24.8M | -26.47M | -11.32M | -16.19M | -24.01M | -14.37M | -13.2M | -8.64M | -11.7M | -14.37M | -12.75M | -17.14M | -13.62M | -12.47M | -13.61M |
| CapEx % of Revenue | 2.86% | 7.76% | 3.75% | 3.43% | 4.12% | 4.31% | 4.86% | 2.25% | 3.52% | 5.58% | 3.48% | 3.52% | 2.52% | 3.48% | 4.61% | 4.46% | 6.68% | 6.26% | 5.38% | 6.22% |
| Acquisitions | -549.68M | -624.07M | -19M | -3.81M | 0 | -384.02M | 0 | -25K | -237.77M | 0 | -64K | -21.03M | -15.45M | -2.1M | 0 | 0 | 37K | -21.69M | -700K | 38K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1.52M | 5.32M | 22.76M | 111.83M | 3K | 20K | 192.16M | 0 | 34K | -25K | 64K | 3K | 15.45M | 2.17M | 46K | -2.17M | 50K | -446K | -31K | -64K |
| Cash from Financing | -92.29M | -215.56M | 159.16M | -4.37M | 1.31B | -32.83M | -7.71M | -2.19M | -2.71M | -3.82M | -7.12M | 14.26M | 37.99M | 600.57M | -72K | -934K | -1.46M | -97.28M | -66.59M | -3.27M |
| Debt Issued (Net) | -81.11M | -201.42M | 0 | -525K | 1.32B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 127.31M | 0 | 183.96M | 0 | 0 | 0 | 0 | 0 | 0 | -101K | 61.16M | 33.65M | 0 | 0 | -3K | -71K | -101K | 105.61M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3K | -71K | 0 | 0 | 0 |
| Other Financing | -11.18M | -141.45M | 159.16M | -187.8M | -5.11M | -32.83M | -7.71M | -2.19M | -2.71M | -3.82M | -7.02M | -46.89M | 4.34M | 600.57M | -72K | -931K | -1.39M | -97.18M | -172.21M | -3.27M |
| Net Change in Cash | -742.23M | -222.75M | 808.68M | -477.3M | 638M | -230.69M | 128.8M | 162.68M | -194.67M | 192.6M | -68.19M | 210.88M | -90.23M | 206.12M | -65.26M | -173.75M | 32M | 74.64M | 15.32M | 111.55M |
| Free Cash Flow | -54.64M | 155.43M | 33.38M | -114.66M | 932K | 225.37M | 64.85M | 71.44M | -32.13M | 115.97M | 48.53M | 29.46M | -64.96M | 119.42M | 26.44M | 6.56M | 26.83M | -690K | 3.96M | 20.56M |
| FCF Margin % | -6.77% | 19.51% | 4.7% | -17.15% | 0.15% | 39.18% | 11.91% | 14.2% | -6.99% | 26.95% | 11.74% | 7.86% | -18.94% | 35.53% | 8.48% | 2.3% | 10.46% | -0.32% | 1.71% | 9.4% |
| FCF Growth % | -5962.88% | -31.03% | -48.53% | -260.48% | 102.9% | 94.33% | 33.64% | 142.54% | 50.54% | -2.89% | 83.53% | 349.04% | -342.13% | 17407.54% | 566.86% | -68.1% | -46.74% | -102.5% | 108.37% | 179.71% |
| FCF per Share | -0.66 | 1.55 | 0.43 | -1.40 | 0.01 | 2.78 | 0.83 | 0.92 | -0.42 | 1.52 | 0.64 | 0.39 | -0.88 | 1.64 | 0.36 | 0.09 | 0.37 | -0.01 | 0.05 | 0.32 |
| FCF Conversion (FCF/Net Income) | -0.19x | 72.41x | -27.45x | -2.54x | 0.29x | 1.85x | 1.36x | 2.00x | -0.12x | 2.45x | 1.03x | 3.43x | -1.25x | 4.49x | 3.37x | 0.38x | 0.80x | -0.96x | 0.34x | -0.73x |
| Interest Paid | 0 | 0 | 0 | 0 | 498K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 49.56M | 54K | 7.17M | 13.27M | 45.99M | 1.41M | 16.8M | 22.64M | 4.12M | 20.94M | 3M | 5.21M | 1.96M | 334K | 0 | -279K | 1.14M |