AXON Axon Enterprise, Inc. - Common Stock
NASDAQ · Aerospace & Defense · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 6, 2026
$413.35
· of 52w range
· above low
· to high
$339.0152w low
$764.0252w high
Market Cap (MRQ)
$33.58B
P/E (TTM)
172.2
EPS (TTM)
$2.40
Revenue (TTM)
$3.22B
your badges
52W Range
$339–$764
Analyst Rating
BUY
Price Target
$704
P/E
172.2
ROE
6.2%
Net Profit Margin
6.2%
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AXON Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$413.35
Market Cap (MRQ)
$33.58B
P/E (TTM)
172.2
EPS (TTM)
$2.40
Revenue (TTM)
$3.22B
ROE (TTM)
6.2%
Debt/Equity (MRQ)
0.5
52W Range
$339–$764
AXON Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Nov. 30, 2004 | 2-for-1 | Forward |
| April 30, 2004 | 2-for-1 | Forward |
| Feb. 11, 2004 | 3-for-1 | Forward |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$2.78B2019-12-31 → 2025-12-31
EPS$1.512019-12-31 → 2025-12-31
Free Cash Flow$75M2019-12-31 → 2025-12-31
Net margin6.2%2019-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | AXON | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 172.25Y avg ≈203.6 | ≈203.6 | 54.9 | Overvalued | |
| P/S (TTM) | 10.4 | · | 7.7 | Overvalued | |
| P/B (MRQ) | 9.1 | · | 13.7 | Fair value | |
| EV / EBITDA (TTM) | 260.1 | · | · | · | |
| Price / FCF (TTM) | 252.1 | · | · | · | |
| Price / Cash Flow (TTM) | 126.3 | · | 34.7 | Overvalued | |
| EV / Revenue (TTM) | 10.8 | · | · | · | |
| EV / FCF (TTM) | 260.1 | · | · | · | |
| Price / Tangible Book (MRQ) | 9.95Y avg ≈24.2 | ≈24.2 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | AXON | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 59.4%5Y avg ≈60.1% | ≈60.1% | 37.8% | Top tier | |
| Operating Margin (TTM) | 0.74%5Y avg ≈3.5% | ≈3.5% | 18.4% | Weak | |
| EBITDA Margin (TTM) | 4.1%5Y avg ≈6.0% | ≈6.0% | 20.9% | Weak | |
| Pretax Margin (TTM) | 5.7%5Y avg ≈9.6% | ≈9.6% | 21.0% | Weak | |
| Net Profit Margin (TTM) | 6.2%5Y avg ≈11.2% | ≈11.2% | 16.4% | Weak | |
| ROA (TTM) | 2.9% | · | 7.3% | Weak | |
| ROE (TTM) | 6.2% | · | 13.8% | Weak | |
| ROIC | -7.9% | · | 5.8% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | AXON | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.5 | · | 0.1 | High debt | |
| Current Ratio (MRQ) | 2.1 | · | 2.3 | Low liquidity | |
| Quick Ratio | 1.2 | · | 1.0 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.5 | · | 0.3 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | AXON | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 33.5%5Y avg ≈32.8% | ≈32.8% | · | · | |
| Revenue CAGR 3Y | 32.8%5Y avg ≈32.9% | ≈32.9% | · | · | |
| Revenue CAGR 5Y | 32.5% | · | · | · | |
| EPS YoY | -68.5%5Y avg ≈17.4% | ≈17.4% | · | · | |
| Net Income YoY | -66.9%5Y avg ≈22.4% | ≈22.4% | · | · | |
| EPS CAGR 3Y | -9.4% | · | · | · | |
| Net Income CAGR 3Y | -5.3% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | AXON | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.5 | · | 0.5 | In line | |
| Inventory Turnover | 3.7 | · | 3.3 | In line | |
| Revenue / Employee | ≈$545.0K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
9.3%
Next Report
Nov 02, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 3, 2026 | $1.88 | $1.89 | -0.34% |
| March 31, 2026 | $1.61 | $1.63 | -1.3% | |
| Dec. 31, 2025 | $2.15 | $1.64 | 31.3% | |
| Sept. 30, 2025 | $1.17 | $1.55 | -24.5% | |
| June 30, 2025 | $2.12 | $1.49 | 42.2% | |
| March 31, 2025 | $1.41 | $1.30 | 8.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.78B | $2.08B | $1.56B | $1.19B | $866M | $681M | $531M | · | · | $268M | |
| Cost of Revenue | $1.12B | $841M | $605M | $461M | $320M | $265M | $224M | · | · | $98M | |
| Gross Profit | $1.66B | $1.24B | $955M | $726M | $546M | $416M | $307M | · | · | $171M | |
| R&D Expense | $684M | $442M | $304M | $234M | $194M | $123M | $101M | · | · | $31M | |
| SG&A Expense | $1.04B | $741M | $495M | $399M | $515M | $307M | $213M | · | · | $108M | |
| Operating Expenses | $1.72B | $1.18B | $799M | $633M | $709M | $430M | $314M | · | · | $139M | |
| Operating Income | $-62M | $59M | $157M | $93M | $-163M | $-14M | $-6M | · | · | $32M | |
| Interest Income | $75M | $44M | $49M | · | · | · | · | · | · | · | |
| Other Non-op | $100M | $286M | $-42M | $99M | $25M | · | · | · | · | · | |
| Pretax Income | $19M | $382M | $157M | $196M | $-136M | $-6M | $2M | · | · | $31M | |
| Income Tax | $-106M | $4M | $-19M | $49M | $-80M | $-5M | $1M | · | · | $14M | |
| Net Income | $125M | $377M | $176M | $147M | $-56M | $-2M | $882.0K | · | · | $17M | |
| EPS (Basic) | $1.60 | $4.98 | $2.37 | $2.07 | $-0.85 | $-0.03 | $0.01 | · | · | $0.33 | |
| EPS (Diluted) | $1.51 | $4.80 | $2.33 | $2.03 | $-0.91 | $-0.03 | $0.01 | · | · | $0.32 | |
| Shares (Basic) | 78,081,000 | 75,748,000 | 74,195,000 | 71,093,000 | 66,191,000 | 61,782,000 | 59,190,000 | · | · | 52,667,000 | |
| Shares (Diluted) | 82,370,000 | 78,558,000 | 75,456,000 | 72,534,000 | 66,191,000 | 61,782,000 | 60,018,000 | · | · | 53,536,000 | |
| EBITDA | $21M | $107M | $187M | $118M | $-149M | $-2M | $5M | · | · | $36M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.20B | $455M | $599M | $354M | $356M | $155M | $172M | · | · | $41M | |
| Short-term Investments | $505M | $333M | $644M | $582M | $15M | $407M | $179M | · | · | $48M | |
| Inventory | $342M | $265M | $270M | $202M | $109M | $90M | $39M | · | · | $35M | |
| Prepaid Expense | $150M | $130M | $103M | $73M | $57M | $37M | $35M | · | $24M | $14M | |
| Other Current Assets | $128M | · | · | · | · | · | · | · | · | · | |
| Current Assets | $3.71B | $2.30B | $2.39B | $1.81B | $1.11B | $982M | $609M | · | $114M | $177M | |
| PP&E (Net) | $331M | $247M | $201M | $170M | $138M | $105M | $44M | · | · | $24M | |
| PP&E (Gross) | $512M | $383M | $306M | $248M | $197M | $153M | $86M | · | · | $62M | |
| Accum. Depreciation | $181M | $136M | $105M | $78M | $59M | $47M | $42M | · | · | $38M | |
| Goodwill | $1.37B | $757M | $58M | $45M | $44M | $25M | $25M | · | · | $10M | |
| Intangibles | $197M | $175M | $20M | $12M | $15M | $9M | $13M | · | · | $15M | |
| Other Non-current Assets | $428M | $238M | $191M | $160M | $98M | $68M | $40M | $35M | $21M | $14M | |
| Total Assets | $7.00B | $4.47B | $3.41B | $2.85B | $1.69B | $1.38B | $846M | $732M | $169M | $278M | |
| Accounts Payable | $139M | $72M | $66M | $60M | $32M | $24M | $26M | · | · | $11M | |
| Accrued Liabilities | $511M | $279M | $194M | $156M | $104M | $60M | $45M | $40M | $26M | $18M | |
| Short-term Debt | $81M | $680M | · | · | · | · | · | · | · | · | |
| Current Liabilities | $1.47B | $1.68B | $762M | $603M | $419M | $256M | $196M | $168M | $97M | $78M | |
| Capital Leases | $99M | $41M | $34M | $37M | $20M | $19M | $7M | $16M | · | $2M | |
| Deferred Tax | $2M | $2M | $0 | $1.0K | $811.0K | $649.0K | $354.0K | · | · | · | |
| Other Non-current Liabilities | $50M | $26M | $21M | $5M | $5M | $27M | $11M | · | · | $2M | |
| Total Liabilities | $3.76B | $2.15B | $1.79B | $1.58B | $640M | $405M | $302M | $265M | $153M | $127M | |
| Long-term Debt | $1.81B | $680M | $677M | · | · | · | · | · | · | · | |
| Total Debt | $1.89B | · | · | · | · | · | · | · | · | · | |
| Common Stock | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | · | · | $1.0K | |
| Retained Earnings | $937M | $812M | $435M | $257M | $110M | $170M | $172M | · | $142M | $118M | |
| Treasury Stock | $157M | $156M | $156M | $156M | $156M | $156M | $156M | · | · | $156M | |
| AOCI | $-12M | $-18M | $-11M | $-7M | $-1M | $141.0K | $-1M | · | · | $903.0K | |
| Stockholders' Equity | $3.24B | $2.33B | $1.62B | $1.27B | $1.05B | $976M | $543M | · | $142M | $151M | |
| Liabilities + Equity | $7.00B | $4.47B | $3.41B | $2.85B | $1.69B | $1.38B | $846M | $732M | $296M | $278M | |
| Shares Outstanding | 80,211,537 | 76,619,331 | 75,301,424 | 71,474,581 | 70,896,856 | 63,766,555 | 59,497,759 | · | · | 52,325,251 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $83M | $48M | $19M | $23M | $19M | $12M | $11M | · | · | $4M | |
| Stock-based Comp | $634M | $383M | $131M | $106M | $303M | $134M | $78M | · | · | $9M | |
| Deferred Tax | $-83M | $-85M | $-72M | $22M | $-81M | $-17M | $-8M | · | · | $-5M | |
| Amort. of Intangibles | $30M | $17M | $4M | $4M | $3M | $3M | $4M | · | · | $900.0K | |
| Other Non-cash | $-548M | $-315M | $-76M | $-64M | $-56M | $-89M | $-17M | · | · | $-7M | |
| Operating Cash Flow | $211M | $408M | $189M | $235M | $124M | $38M | $66M | · | · | $21M | |
| CapEx | $136M | $79M | $60M | $56M | $50M | $73M | $16M | · | · | $5M | |
| Investing Cash Flow | $-725M | $-491M | $12M | $-831M | $253M | $-357M | $-241M | · | · | $-3M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | $-75.0K | |
| Stock Issued | · | · | · | · | $106M | $307M | $0 | · | · | $0 | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | $34M | |
| Net Stock Activity | · | · | · | · | $106M | $307M | $0 | · | · | $-34M | |
| Financing Cash Flow | $1.25B | $-45M | $41M | $598M | $-174M | $299M | $-4M | · | · | $-35M | |
| Net Change in Cash | $747M | $-134M | $245M | $-886.0K | $201M | $-17M | $-179M | · | · | $-16M | |
| Taxes Paid | $51M | $68M | $64M | $11M | $5M | $11M | $4M | · | · | $14M | |
| Free Cash Flow | $75M | $330M | $130M | $180M | $75M | $-34M | $50M | · | · | $13M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.7% | 59.6% | 61.1% | 61.2% | 62.6% | 61.1% | 57.9% | · | · | 63.6% | |
| Operating Margin | -2.2% | 2.8% | 9.9% | 7.8% | -19.5% | -2.1% | -1.2% | · | · | 11.9% | |
| Net Margin | 4.5% | 18.1% | 11.1% | 12.4% | -7.0% | -0.25% | 0.17% | · | · | 6.5% | |
| Pretax Margin | 0.68% | 18.3% | 9.9% | 16.5% | -16.4% | -0.92% | 0.39% | · | · | 11.7% | |
| EBITDA Margin | 0.76% | 5.1% | 12.0% | 9.9% | -17.3% | -0.25% | 0.94% | · | · | 13.2% | |
| ROA | 2.2% | · | 5.5% | 6.5% | -3.9% | -0.15% | 0.11% | · | · | 6.8% | |
| ROE | 4.2% | · | 11.1% | 11.8% | -5.5% | -0.18% | 0.17% | · | · | 11.2% | |
| ROIC | -7.9% | · | 10.8% | 5.5% | -6.8% | -0.40% | -0.50% | · | · | 11.6% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.5 | · | 3.0 | 3.0 | 2.7 | 3.8 | 3.2 | · | · | 2.3 | |
| Quick Ratio | 1.2 | · | 1.6 | 1.6 | 0.9 | 2.2 | 1.8 | · | · | 1.1 | |
| Debt / Equity | 0.6 | · | · | · | · | · | · | · | · | · | |
| LT Debt / Equity | 0.5 | · | · | · | · | · | · | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | · | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | · | · | 1.1 | |
| Inventory Turnover | 3.7 | · | 2.6 | 3.0 | 3.2 | 4.1 | 6.2 | · | · | 3.9 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $40.43 | · | $21.41 | $17.75 | $14.78 | $15.31 | $9.13 | · | · | $2.88 | |
| Revenue / Share | $33.74 | $26.51 | $20.72 | $16.41 | $13.04 | $11.02 | $8.85 | · | · | $5.01 | |
| Cash Flow / Share | $2.57 | $5.20 | $2.51 | $3.24 | $1.88 | $0.62 | $1.09 | · | · | $0.33 | |
| Cash / Share | $14.97 | · | $7.95 | $4.95 | $5.03 | $2.44 | $2.90 | · | · | $0.78 | |
| EPS (TTM) | $1.51 | $4.80 | $2.33 | $2.03 | $-0.91 | $-0.03 | $0.01 | · | · | $0.32 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 33.5% | 33.4% | 31.5% | 37.5% | 26.8% | · | · | · | · | · | |
| Revenue CAGR 3Y | 32.8% | 34.1% | 31.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 32.5% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -68.5% | 106.0% | 14.8% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -9.4% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -66.9% | 114.5% | 19.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -5.3% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.78B | $2.08B | $1.56B | $1.19B | $866M | $681M | $531M | · | · | $268M | |
| Net Income TTM | $125M | $377M | $176M | $147M | $-56M | $-2M | $882.0K | · | · | $17M | |
| Market Cap | $45.55B | · | $19.45B | $11.86B | $11.13B | $7.81B | $4.36B | · | · | $1.27B | |
| Enterprise Value | $45.74B | · | · | · | · | · | · | · | · | · | |
| P/E | 376.1 | 123.8 | 110.9 | 81.7 | -172.5 | -4084.3 | 7328.0 | · | · | 75.8 | |
| P/S | 16.4 | · | 12.5 | 10.0 | 12.9 | 11.5 | 8.2 | · | · | 4.7 | |
| P/B | 14.0 | · | 12.1 | 9.3 | 10.6 | 8.0 | 8.0 | · | · | 8.4 | |
| P / Tangible Book | 27.2 | 32.6 | 12.6 | 9.8 | 11.2 | 8.3 | · | · | · | · | |
| P / Cash Flow | 215.6 | · | 102.8 | 50.4 | 89.4 | 203.0 | 66.4 | · | · | 70.8 | |
| P / FCF | 606.7 | · | 150.1 | 66.0 | 149.2 | -228.8 | 87.7 | · | · | 97.8 | |
| EV / EBITDA | 2169.3 | · | · | · | · | · | · | · | · | · | |
| EV / FCF | 609.2 | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 16.5 | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 0.27% | 0.81% | 0.90% | 1.2% | -0.58% | -0.02% | 0.01% | · | · | 1.3% |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $904M | $807M | $797M | $711M | $669M | $604M | $575M | $544M | $503M | $460M | $430M | $413M | $373M | $344M | $333M | $312M | |
| Cost of Revenue | $358M | $330M | $335M | $283M | $265M | $238M | $229M | $214M | $197M | $201M | $167M | $157M | $142M | $140M | $130M | $118M | |
| Gross Profit | $546M | $477M | $461M | $427M | $404M | $366M | $346M | $331M | $306M | $259M | $263M | $257M | $230M | $204M | $203M | $193M | |
| R&D Expense | $209M | $189M | $194M | $177M | $163M | $151M | $135M | $114M | $101M | $91M | $84M | $77M | $72M | $71M | $69M | $59M | |
| SG&A Expense | $291M | $259M | $317M | $253M | $242M | $224M | $227M | $192M | $171M | $151M | $136M | $122M | $119M | $116M | $112M | $102M | |
| Operating Expenses | $500M | $448M | $511M | $429M | $405M | $375M | $362M | $307M | $272M | $242M | $220M | $199M | $191M | $187M | $181M | $161M | |
| Operating Income | $47M | $29M | $-50M | $-2M | $-1M | $-9M | $-16M | $24M | $34M | $16M | $43M | $57M | $39M | $18M | $22M | $32M | |
| Interest Income | $7M | $11M | $18M | $24M | $23M | $11M | $7M | $13M | $12M | $12M | · | · | · | · | · | · | |
| Other Non-op | $7M | $189M | $-5M | $23M | $-32M | $114M | $95M | $45M | $8M | $139M | $668.0K | $4M | $-62M | $16M | · | · | |
| Pretax Income | $33M | $200M | $-66M | $16M | $-39M | $108M | $85M | $80M | $51M | $166M | $56M | $72M | $-13M | $43M | $34M | $21M | |
| Income Tax | $3M | $31M | $-69M | $18M | $-75M | $20M | $-51M | $13M | $10M | $33M | $-1M | $10M | $-25M | $-3M | $5M | $9M | |
| Net Income | $29M | $169M | $3M | $-2M | $36M | $88M | $135M | $67M | $41M | $133M | $57M | $61M | $12M | $46M | $29M | $12M | |
| EPS (Basic) | $0.37 | $2.11 | $0.03 | $-0.03 | $0.46 | $1.14 | $1.77 | $0.89 | $0.55 | $1.77 | $0.76 | $0.82 | $0.16 | $0.63 | $0.41 | $0.17 | |
| EPS (Diluted) | $0.36 | $2.05 | $0.02 | $-0.03 | $0.44 | $1.08 | $1.68 | $0.86 | $0.53 | $1.73 | $0.75 | $0.81 | $0.15 | $0.62 | $0.39 | $0.17 | |
| Shares (Basic) | 80,573,000 | 80,150,000 | · | 78,416,000 | 77,999,000 | 76,890,000 | · | 75,697,000 | 75,511,000 | 75,355,000 | · | 74,826,000 | 74,224,000 | 72,638,000 | · | 71,107,000 | |
| Shares (Diluted) | 82,541,000 | 82,478,000 | · | 78,416,000 | 82,062,000 | 81,484,000 | · | 78,080,000 | 77,550,000 | 77,132,000 | · | 75,952,000 | 75,780,000 | 73,880,000 | · | 72,525,000 | |
| EBITDA | · | $60M | · | $-2M | $-1M | $11M | · | $24M | $33M | $28M | · | $55M | $40M | $23M | · | $32M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $598M | $459M | $1.20B | $1.42B | $615M | $1.09B | $455M | $695M | $566M | $404M | $599M | $406M | $474M | $263M | $354M | $148M | |
| Short-term Investments | $76M | $260M | $505M | $953M | $1.47B | $1.10B | $333M | $312M | $402M | $560M | · | $716M | $595M | $775M | · | $195M | |
| Inventory | $487M | $408M | $342M | $318M | $308M | $280M | $265M | $272M | $278M | $271M | · | $260M | $250M | $220M | · | $173M | |
| Prepaid Expense | $191M | $179M | $277M | $216M | $198M | $156M | $130M | $118M | $122M | $124M | · | $104M | $102M | $142M | · | $68M | |
| Other Current Assets | $115M | $104M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $3.00B | $2.74B | $3.71B | $4.22B | $3.83B | $3.78B | $2.30B | $2.43B | $2.21B | $2.20B | · | $2.26B | $2.11B | $2.05B | · | $1.21B | |
| PP&E (Net) | $342M | $336M | $331M | $283M | $271M | $260M | $247M | $236M | $215M | $209M | · | $187M | $179M | $173M | · | $164M | |
| PP&E (Gross) | · | · | $512M | · | · | · | $383M | · | · | · | · | · | · | · | · | $237M | |
| Accum. Depreciation | · | · | $181M | · | · | · | $136M | · | · | · | · | · | · | · | · | $73M | |
| Goodwill | $1.90B | $1.89B | $1.37B | $773M | $762M | $756M | $757M | $308M | $308M | $308M | $58M | $57M | $58M | $45M | $45M | $45M | |
| Intangibles | $282M | $295M | $197M | $159M | $163M | $169M | $175M | $82M | $86M | $89M | · | $20M | $22M | $11M | · | $13M | |
| Other Non-current Assets | $457M | $421M | $428M | $326M | $266M | $236M | $238M | $191M | $228M | $212M | · | $195M | $178M | $168M | · | $111M | |
| Total Assets | $7.48B | $7.07B | $7.00B | $6.66B | $6.22B | $6.08B | $4.47B | $4.01B | $3.74B | $3.62B | · | $3.25B | $3.08B | $3.01B | · | $2.01B | |
| Accounts Payable | $270M | $175M | $139M | $115M | $118M | $98M | $72M | $76M | $104M | $82M | · | $90M | $73M | $66M | · | $50M | |
| Accrued Liabilities | $424M | $312M | $511M | $293M | $266M | $267M | $279M | $210M | $142M | $127M | · | $147M | $118M | $121M | · | $113M | |
| Short-term Debt | $0 | $0 | $81M | $280M | $279M | $279M | $680M | · | · | · | · | · | · | · | · | · | |
| Current Liabilities | $1.40B | $1.21B | $1.47B | $1.35B | $1.30B | $1.34B | $1.68B | $823M | $766M | $757M | · | $718M | $625M | $616M | · | $432M | |
| Capital Leases | $102M | $97M | $99M | $90M | $44M | $40M | $41M | $41M | $42M | $33M | · | $35M | $34M | $35M | · | $16M | |
| Deferred Tax | · | · | $2M | · | · | · | $2M | · | · | · | · | $2M | $3M | · | · | $1.0K | |
| Other Non-current Liabilities | $130M | $77M | $50M | $51M | $32M | $27M | $26M | $21M | $3M | $3M | · | $3M | $3M | $5M | · | $5M | |
| Total Liabilities | $3.81B | $3.53B | $3.76B | $3.63B | $3.48B | $3.53B | $2.15B | $1.91B | $1.81B | $1.80B | · | $1.73B | $1.63B | $1.60B | · | $779M | |
| Long-term Debt | $1.73B | $1.73B | $1.81B | $2.01B | $2.01B | $2.01B | $680M | · | · | · | · | · | · | · | · | · | |
| Total Debt | · | $1.73B | · | $2.29B | $2.29B | $2.29B | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | · | $1.0K | $1.0K | $1.0K | · | $1.0K | |
| Retained Earnings | $1.14B | $1.11B | $937M | $934M | $936M | $900M | $812M | $677M | $605M | $564M | · | $374M | $315M | $302M | · | $228M | |
| Treasury Stock | $180M | $180M | $157M | $156M | $156M | $156M | $156M | $156M | $156M | $156M | · | $156M | $156M | $156M | · | $156M | |
| AOCI | $-16M | $-11M | $-12M | $-13M | $-13M | $-18M | $-18M | $-9M | $-14M | $-12M | · | $-13M | $-7M | $-5M | · | $-8M | |
| Stockholders' Equity | $3.67B | $3.53B | $3.24B | $3.03B | $2.73B | $2.56B | $2.33B | $2.10B | $1.93B | $1.82B | $1.62B | $1.52B | $1.44B | $1.40B | $1.27B | $1.23B | |
| Liabilities + Equity | $7.48B | $7.07B | $7.00B | $6.66B | $6.22B | $6.08B | $4.47B | $4.01B | $3.74B | $3.62B | · | $3.25B | $3.08B | $3.01B | · | $2.01B | |
| Shares Outstanding | 81,235,921 | 80,572,201 | 80,211,537 | 78,891,165 | 78,503,041 | 77,848,148 | 76,619,331 | 76,084,179 | 75,573,214 | 75,466,171 | 75,301,424 | 74,931,697 | 74,763,004 | 73,874,062 | 71,474,581 | 71,151,670 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $32M | $30M | $27M | $20M | $17M | $19M | $18M | $6M | $6M | $7M | $6M | $-1M | $7M | $7M | $5M | $6M | |
| Stock-based Comp | $144M | $135M | $209M | $146M | $139M | $140M | $131M | $102M | $75M | $75M | $35M | $30M | $32M | $34M | $32M | $28M | |
| Deferred Tax | $-7M | $18M | $-29M | $16M | $-21M | $-49M | $-58M | $-19M | $-28M | $21M | $-20M | $-15M | $-28M | $-10M | $-8M | $4M | |
| Amort. of Intangibles | $13M | $12M | $10M | $7M | $7M | $7M | $7M | $4M | $4M | $3M | $1M | $1M | $1M | $1M | · | · | |
| Other Non-cash | · | $-384M | · | · | · | $-173M | · | · | · | $-257M | · | · | · | $-133M | · | · | |
| Operating Cash Flow | $20M | $-32M | $217M | $60M | $-92M | $26M | $250M | $91M | $83M | $-16M | $140M | $63M | $43M | $-56M | $131M | $41M | |
| CapEx | $21M | $23M | $62M | $27M | $23M | $25M | $25M | $26M | $11M | $16M | $24M | $14M | $13M | $9M | $12M | $14M | |
| Investing Cash Flow | $151M | $-617M | $-226M | $590M | $-387M | $-702M | $-442M | $43M | $82M | $-174M | $53M | $-122M | $154M | $-73M | $-529M | $-103M | |
| Financing Cash Flow | $-30M | $-92M | $-216M | $159M | $-4M | $1.31B | $-33M | $-8M | $-2M | $-3M | $-4M | $-7M | $14M | $38M | $601M | $-72.0K | |
| Net Change in Cash | $138M | $-742M | $-223M | $809M | $-477M | $638M | $-231M | $129M | $163M | $-195M | $193M | $-68M | $211M | $-90M | $206M | $-65M | |
| Taxes Paid | · | · | $-487.0K | $2M | $50M | $54.0K | $7M | $13M | $46M | $1M | $17M | $23M | $4M | $21M | $3M | $5M | |
| Free Cash Flow | · | $-55M | · | · | · | $932.0K | · | · | · | $-32M | · | · | · | $-65M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 59.1% | · | 60.1% | 60.4% | 60.6% | · | 60.8% | 60.2% | 56.4% | · | 61.7% | 62.0% | 59.5% | · | 62.0% | |
| Operating Margin | · | 3.6% | · | -0.30% | -0.15% | -1.5% | · | 4.4% | 6.5% | 3.5% | · | 13.3% | 10.8% | 4.8% | · | 10.3% | |
| Net Margin | · | 21.0% | · | -0.31% | 5.4% | 14.6% | · | 12.3% | 8.1% | 28.9% | · | 14.4% | 3.3% | 13.2% | · | 3.9% | |
| Pretax Margin | · | 24.8% | · | 2.2% | -5.8% | 18.0% | · | 14.6% | 10.0% | 36.0% | · | 16.8% | -3.2% | 12.2% | · | 6.7% | |
| EBITDA Margin | · | 7.4% | · | -0.30% | -0.15% | 1.8% | · | 4.4% | 6.5% | 6.0% | · | 13.3% | 10.8% | 6.8% | · | 10.3% | |
| ROA | · | 2.6% | · | -0.04% | 0.73% | 1.8% | · | 1.8% | 1.2% | 4.0% | · | 2.3% | 0.50% | 1.9% | · | 0.66% | |
| ROE | · | 5.6% | · | -0.09% | 1.6% | 4.0% | · | 3.7% | 2.4% | 8.3% | · | 4.3% | 0.94% | 3.6% | · | 1.0% | |
| ROIC | · | 0.47% | · | 0.01% | 0.02% | -0.15% | · | 0.97% | 1.4% | 0.72% | · | 3.1% | -2.9% | 1.3% | · | 1.5% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 2.3 | · | 3.1 | 3.0 | 2.8 | · | 3.0 | 2.9 | 2.9 | · | 3.1 | 3.4 | 3.3 | · | 2.8 | |
| Quick Ratio | · | 0.6 | · | 1.8 | 1.6 | 1.6 | · | 1.2 | 1.3 | 1.3 | · | 1.6 | 1.7 | 1.7 | · | 0.8 | |
| Debt / Equity | · | 0.5 | · | 0.8 | 0.8 | 0.9 | · | · | · | · | · | · | · | · | · | · | |
| LT Debt / Equity | · | 0.5 | · | 0.6 | 0.6 | 0.7 | · | · | · | · | · | · | · | · | · | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.1 | 0.1 | · | 0.2 | |
| Inventory Turnover | · | 1.0 | · | 1.0 | 0.9 | 0.9 | · | 0.8 | 0.8 | 0.8 | · | 0.7 | 0.7 | 0.8 | · | 0.9 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $43.86 | · | $38.38 | $34.81 | $32.83 | · | $27.60 | $25.52 | $24.09 | · | $20.30 | $19.33 | $18.99 | · | $17.31 | |
| Revenue / Share | · | $9.79 | · | $9.06 | $8.15 | $7.41 | · | $6.97 | $6.50 | $5.97 | · | $5.45 | $4.94 | $4.64 | · | $4.30 | |
| Cash Flow / Share | · | $-0.38 | · | · | · | $0.32 | · | · | · | $-0.21 | · | · | · | $-0.76 | · | · | |
| Cash / Share | · | $5.70 | · | $18.05 | $7.84 | $14.04 | · | $9.14 | $7.50 | $5.35 | · | $5.42 | $6.34 | $3.57 | · | $2.08 | |
| EPS (TTM) | $2.82 | $2.48 | · | $3.17 | $4.06 | $4.15 | · | $3.87 | $3.82 | $3.44 | · | $1.97 | $1.33 | $1.89 | · | $1.53 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.09B | $2.98B | · | $2.56B | $2.39B | $2.23B | · | $1.94B | $1.81B | $1.68B | · | $1.46B | $1.36B | $1.28B | · | $1.07B | |
| Net Income TTM | $233M | $206M | · | $257M | $326M | $332M | · | $299M | $293M | $263M | · | $148M | $99M | $138M | · | $104M | |
| Market Cap | · | $34.22B | · | $56.62B | $65.00B | $40.94B | · | $30.40B | $22.24B | $23.61B | · | $14.91B | $14.59B | $16.61B | · | $8.24B | |
| Enterprise Value | · | $35.23B | · | $56.53B | $65.20B | $41.04B | · | · | · | · | · | · | · | · | · | · | |
| P/E | 198.8 | 171.2 | · | 226.4 | 203.9 | 126.7 | · | 103.3 | 77.0 | 91.0 | · | 101.0 | 146.7 | 119.0 | · | 75.7 | |
| P/S | · | 11.5 | · | 22.1 | 27.2 | 18.4 | · | 15.7 | 12.3 | 14.1 | · | 10.2 | 10.7 | 13.0 | · | 7.7 | |
| P/B | · | 9.7 | · | 18.7 | 23.8 | 16.0 | · | 14.5 | 11.5 | 13.0 | · | 9.8 | 10.1 | 11.8 | · | 6.7 | |
| P / Tangible Book | 30.5 | 25.4 | · | 27.0 | 36.0 | 25.1 | · | 17.8 | 14.5 | 16.6 | · | 10.3 | 10.7 | 12.3 | · | 7.0 | |
| P / Cash Flow | · | -1085.7 | · | · | · | 1587.4 | · | · | · | -1481.5 | · | · | · | -294.9 | · | · | |
| EV / Revenue | · | 11.8 | · | 22.1 | 27.3 | 18.4 | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 0.50% | 0.58% | · | 0.44% | 0.49% | 0.79% | · | 0.97% | 1.3% | 1.1% | · | 0.99% | 0.68% | 0.84% | · | 1.3% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Revenue | $2.78B | $2.08B | · | · | $1.56B |
| Gross Margin % | 59.7% | 59.6% | · | · | 61.1% |
| Operating Margin % | -2.2% | 2.8% | · | · | 9.9% |
| Net Income | $125M | $377M | · | · | $176M |
| Diluted EPS | $1.51 | $4.80 | · | · | $2.33 |
| Metric | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.6 | · | · | · | · |
| Current Ratio | 2.5 | · | · | · | 3.0 |
| Quick Ratio | 1.2 | · | · | · | 1.6 |
| Metric | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $75M | $330M | · | · | $130M |
Institutional owners (13F) 1,253 filers · $46.8B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
1,253
Value held
$46.8B
New positions
202
Exited positions
107
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 202 (+41 vs prior Q) | 107 (-88 vs prior Q) | 489 (+60 vs prior Q) | 331 (-32 vs prior Q) | +4.9M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $5,319,927,526 | 9,367,224 | 11.37% | Shares |
| BlackRock, Inc. | $4,672,432,218 | 8,334,551 | 9.99% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $2,876,040,861 | 5,130,199 | 6.15% | Shares |
| STATE STREET CORP | $2,178,289,398 | 3,885,570 | 4.66% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,065,743,577 | 3,684,814 | 4.42% | Shares |
| Invesco Ltd. | $1,810,243,328 | 3,229,060 | 3.87% | Shares |
| BAILLIE GIFFORD & CO | $1,715,179,006 | 3,059,487 | 3.67% | Shares |
| FMR LLC | $1,695,821,028 | 3,024,957 | 3.63% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,291,894,941 | 2,312,765 | 2.76% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $1,179,042,436 | 2,103,142 | 2.52% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $836,144,444 | 1,491,490 | 1.79% | Shares |
| SANDS CAPITAL MANAGEMENT, LLC | $830,160,818 | 1,480,817 | 1.77% | Shares |
| EDGEWOOD MANAGEMENT LLC | $630,504,052 | 1,124,675 | 1.35% | Shares |
| MORGAN STANLEY | $610,598,059 | 1,089,164 | 1.31% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $574,075,534 | 1,019,560 | 1.23% | Shares |
| NORGES BANK | $522,391,534 | 931,827 | 1.12% | Shares |
| UBS Group AG | $519,747,697 | 927,111 | 1.11% | Shares |
| GOLDMAN SACHS GROUP INC | $462,752,032 | 825,444 | 0.99% | Shares |
| NORTHERN TRUST CORP | $434,069,672 | 774,281 | 0.93% | Shares |
| Bank of New York Mellon Corp | $409,749,788 | 730,899 | 0.88% | Shares |
| FRANKLIN RESOURCES INC | $393,397,656 | 701,731 | 0.84% | Shares |
| BROADWOOD CAPITAL INC | $388,785,277 | 693,504 | 0.83% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $381,158,739 | 679,900 | 0.81% | Put option |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $362,881,732 | 647,298 | 0.78% | Shares |
| Nuveen, LLC | $329,044,434 | 586,940 | 0.70% | Shares |
| JPMORGAN CHASE & CO | $299,576,827 | 586,714 | 0.64% | Shares |
| BANK OF AMERICA CORP /DE/ | $286,684,447 | 511,379 | 0.61% | Shares |
| Winslow Capital Management, LLC | $283,006,581 | 504,819 | 0.61% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $277,838,316 | 495,600 | 0.59% | Call option |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $269,090,804 | 633,617 | 0.58% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $257,467,430 | 459,263 | 0.55% | Shares |
| Clearbridge Investments, LLC | $249,533,969 | 445,112 | 0.53% | Shares |
| Legal & General Group Plc | $244,668,701 | 436,433 | 0.52% | Shares |
| Amundi | $243,551,394 | 434,440 | 0.52% | Shares |
| CITADEL ADVISORS LLC | $228,728,880 | 408,000 | 0.49% | Put option |
| DEUTSCHE BANK AG\ | $228,410,454 | 407,432 | 0.49% | Shares |
| AMERIPRISE FINANCIAL INC | $220,491,916 | 393,304 | 0.47% | Shares |
| Strategy Capital LLC | $216,729,584 | 386,596 | 0.46% | Shares |
| RAYMOND JAMES FINANCIAL INC | $214,121,726 | 381,944 | 0.46% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $198,591,047 | 354,241 | 0.42% | Shares |
| CITADEL ADVISORS LLC | $190,327,095 | 339,500 | 0.41% | Call option |
| JANE STREET GROUP, LLC | $184,160,385 | 328,500 | 0.39% | Call option |
| JANE STREET GROUP, LLC | $175,190,625 | 312,500 | 0.37% | Put option |
| Artemis Investment Management LLP | $151,225,108 | 269,751 | 0.32% | Shares |
| SEI INVESTMENTS CO | $149,923,893 | 267,434 | 0.32% | Shares |
| AXA Investment Managers S.A. | $149,873,373 | 208,842 | 0.32% | Shares |
| ROYAL BANK OF CANADA | $140,693,000 | 250,963 | 0.30% | Shares |
| CIBC Private Wealth Group LLC | $133,867,346 | 186,538 | 0.29% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $122,417,291 | 218,364 | 0.26% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $121,588,460 | 216,886 | 0.26% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Undisclosed reporting person, Undisclosed reporting person | Aug. 14, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | June 25, 2003 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 42 insiders · 21 officers · 23 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Patrick W Smith | CHIEF EXECUTIVE OFFICER | Sept. 8, 2026 S | 3,118,012 | 0 | 157 | $-67,378,675 |
| Brittany Bagley | COO & CFO | Aug. 16, 2026 A | 121,685 | 0 | 9 | $-7,938,656 |
| James Zito | CHIEF FINANCIAL OFFICER | Sept. 1, 2022 S | 35,330 | 0 | 0 | $0 |
| Jawad A Ahsan | CHIEF FINANCIAL OFFICER | April 5, 2022 S | 360,019 | 0 | 0 | $0 |
| Daniel Marc Behrendt | Chief Financial Officer | March 16, 2017 S | 30,762 | 0 | 0 | $0 |
| Joshua Isner | PRESIDENT | Aug. 31, 2026 S | 296,974 | 0 | 75 | $-46,609,718 |
| Luke Larson | PRESIDENT | Dec. 27, 2022 S | 272,917 | 0 | 0 | $0 |
| Jason Dodd Droege | President of Evidence.com | March 11, 2014 M | 26,206 | 0 | 0 | $0 |
| Thomas P Smith | President | Nov. 14, 2011 M | 221,081 | 0 | 0 | $0 |
| Jeff Kukowski | Chief Operating Officer | Jan. 5, 2015 F | 33,583 | 0 | 0 | $0 |
| Kathleen C Hanrahan | Chief Operating Officer | Jan. 7, 2004 A | · | 0 | 0 | $0 |
| Cameron Brooks | CHIEF REVENUE OFFICER | Oct. 1, 2026 F | 61,396 | 0 | 2 | $-1,311,488 |
| Isaiah Fields | Chief Legal Officer | Sept. 11, 2026 S | 56,264 | 0 | 4 | $-2,358,627 |
| Elizabeth Reid Coughlin | Chief Human Officer | Aug. 31, 2026 F | 40,363 | 0 | 1 | $-753,690 |
| Jennifer H Mak | Chief Accounting Officer | Aug. 31, 2026 F | 13,600 | 0 | 4 | $-2,071,995 |
| Jeffrey C Kunins | CPO & CTO | Aug. 21, 2026 S | 97,761 | 0 | 29 | $-6,988,430 |
| Douglas E Klint | Corporate Secretary | Dec. 4, 2018 F | 78,218 | 0 | 0 | $0 |
| Marcus Womack | EVP Software and Services | April 7, 2017 F | 141,360 | 0 | 0 | $0 |
| Jas Dhillon | Chief Strategy Officer | Jan. 29, 2010 A | · | 0 | 0 | $0 |
| Steven Thomas Mercier | Vice President | Jan. 29, 2010 A | · | 0 | 0 | $0 |
| Mark E Fidelman | Executive Vice President | Dec. 22, 2008 A | 4,500 | 0 | 0 | $0 |
| Eiso Hendricus Roland Leon Kant | Director | July 8, 2026 A | 3,165 | 0 | 0 | $0 |
| Vivek Mohindra | Director | July 8, 2026 A | 600 | 0 | 0 | $0 |
| Jeri Williams | Director | June 1, 2026 S | 1,141 | 0 | 5 | $-427,395 |
| Caitlin Elizabeth Kalinowski | Director | June 1, 2026 S | 3,632 | 0 | 11 | $-1,340,800 |
| Erika Nardini | Director | May 29, 2026 A | 2,557 | 0 | 1 | $-100,303 |
| Todd R Morgenfeld | Director | May 29, 2026 A | 947 | 0 | 0 | $0 |
| Hadi Partovi | Director | May 29, 2026 A | 238,649 | 0 | 0 | $0 |
| Adriane M Brown | Director | May 29, 2026 A | 8,437 | 0 | 0 | $0 |
| Graham Smith | Director | May 29, 2026 A | 3,629 | 0 | 0 | $0 |
| Michael Garnreiter | Director | May 29, 2026 A | 18,398 | 0 | 0 | $0 |
| Julie A Cullivan | Director | May 29, 2025 A | 2,181 | 0 | 0 | $0 |
| Matthew R Mcbrady | Director | May 29, 2025 A | 3,938 | 0 | 0 | $0 |
| Mark W Kroll | Director | May 12, 2023 A | 11,135 | 0 | 0 | $0 |
| Richard H Carmona | Director | May 27, 2021 A | 19,162 | 0 | 0 | $0 |
| AXON ENTERPRISE, INC. | Director | Nov. 2, 2020 S | 30,650 | 0 | 0 | $0 |
| Bret Steven Taylor | Director | May 31, 2019 A | 24,867 | 0 | 0 | $0 |
| John S Caldwell | Director | June 3, 2016 M | 27,759 | 0 | 0 | $0 |
| Judy Martz | Director | May 26, 2016 A | 27,392 | 0 | 0 | $0 |
| Bruce R Culver | Director | March 16, 2010 P | 420,728 | 0 | 0 | $0 |
| Phillips W Smith | Director | Jan. 26, 2007 M | 560,668 | 0 | 0 | $0 |
| Bernard B Kerik | Director | March 17, 2005 M | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 131 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| NITE · Capitol Series Trust | 5.21% | 3,062 NS | July 31, 2026 | N-PORT |
| NUMG · Nushares ETF Trust | 3.37% | 22,316 NS | July 31, 2026 | N-PORT |
| ITA · iShares Trust | 3.01% | 806,931 SH | Sept. 11, 2026 | Daily |
| PPA · Invesco Exchange-Traded Fund Trust | 2.08% | 365,792 SH | Oct. 2, 2026 | Daily |
| DFEN · Direxion Shares ETF Trust | 1.98% | 14,381 NS | July 31, 2026 | N-PORT |
| CAML · Professionally Managed Portfolios | 1.65% | 11,560 NS | July 31, 2026 | N-PORT |
| QQQE · Direxion Shares ETF Trust | 1.20% | 30,292 NS | July 31, 2026 | N-PORT |
| GRZZ · Tidal Trust II | 1.17% | 740 NS | July 31, 2026 | N-PORT |
| IWP · iShares Trust | 1.09% | 435,570 SH | Sept. 11, 2026 | Daily |
| RSPN · Invesco Exchange-Traded Fund Trust | 1.06% | 18,482 SH | Oct. 2, 2026 | Daily |
| IWLG · New York Life Investments Active ET… | 1.06% | 6,255 NS | July 31, 2026 | N-PORT |
| CARK · Advisors' Inner Circle Fund II | 1.03% | 6,248 NS | July 31, 2026 | N-PORT |
| VOT · VANGUARD INDEX FUNDS | 0.94% | 586,625 SH | Aug. 19, 2026 | Daily |
| HFGO · Hartford Funds Exchange-Traded Trust | 0.85% | 3,236 NS | July 31, 2026 | N-PORT |
| PALC · Pacer Funds Trust | 0.75% | 3,000 NS | July 31, 2026 | N-PORT |
| QNXT · iShares Trust | 0.74% | 422 SH | Sept. 11, 2026 | Daily |
| QFLR · Innovator ETFs Trust | 0.74% | 7,320 NS | July 31, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.73% | 3,426 NS | July 31, 2026 | N-PORT |
| PABU · iShares Trust | 0.68% | 35,274 SH | Sept. 11, 2026 | Daily |
| NULC · Nushares ETF Trust | 0.59% | 789 NS | July 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.57% | 25,031 NS | July 31, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.57% | 92,739 SH | Aug. 19, 2026 | Daily |
| DUSL · Direxion Shares ETF Trust | 0.56% | 595 NS | July 31, 2026 | N-PORT |
| MADE · iShares Trust | 0.56% | 687 SH | Sept. 11, 2026 | Daily |
| IMCG · iShares Trust | 0.51% | 42,479 SH | Sept. 11, 2026 | Daily |
| FFLG · FIDELITY COVINGTON TRUST | 0.48% | 5,357 NS | July 31, 2026 | N-PORT |
| IYJ · iShares Trust | 0.46% | 18,353 SH | Sept. 11, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.41% | 1,659,406 SH | Aug. 19, 2026 | Daily |
| EXI · iShares Trust | 0.39% | 11,639 SH | Sept. 11, 2026 | Daily |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.37% | 9,169 NS | July 31, 2026 | N-PORT |
| WINN · Harbor ETF Trust | 0.36% | 7,687 NS | July 31, 2026 | N-PORT |
| ESLG · Strategy Shares | 0.33% | 144 NS | July 31, 2026 | N-PORT |
| FEUS · FlexShares Trust | 0.29% | 616 NS | July 31, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.28% | 193 NS | July 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.27% | 316,638 SH | Sept. 11, 2026 | Daily |
| ESUM · Strategy Shares | 0.26% | 913 NS | July 31, 2026 | N-PORT |
| IMCB · iShares Trust | 0.26% | 8,986 SH | Sept. 11, 2026 | Daily |
| LRND · New York Life Investments ETF Trust | 0.24% | 1,820 NS | July 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.23% | 2,069 SH | Sept. 11, 2026 | Daily |
| FBCG · FIDELITY COVINGTON TRUST | 0.23% | 29,534 NS | July 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.22% | 102 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.20% | 12,585 SH | Oct. 2, 2026 | Daily |
| QYLG · Global X Funds | 0.20% | 591 NS | July 31, 2026 | N-PORT |
| PTNQ · Pacer Funds Trust | 0.20% | 4,414 NS | July 31, 2026 | N-PORT |
| QYLD · Global X Funds | 0.19% | 29,558 NS | July 31, 2026 | N-PORT |
| QCLR · Global X Funds | 0.19% | 12 NS | July 31, 2026 | N-PORT |
| EGUS · iShares Trust | 0.19% | 108 SH | Sept. 11, 2026 | Daily |
| QTR · Global X Funds | 0.19% | 27 NS | July 31, 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 0.18% | 176 NS | July 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.18% | 1,994 NS | July 31, 2026 | N-PORT |
| QRMI · Global X Funds | 0.18% | 49 NS | July 31, 2026 | N-PORT |
| QSIX · Pacer Funds Trust | 0.18% | 62 NS | July 31, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.18% | 398,245 SH | Oct. 2, 2026 | Daily |
| FFSM · FIDELITY COVINGTON TRUST | 0.16% | 4,585 NS | July 31, 2026 | N-PORT |
| PWS · Pacer Funds Trust | 0.15% | 70 NS | July 31, 2026 | N-PORT |
| HAPI · Harbor ETF Trust | 0.15% | 1,412 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.15% | 6,043 SH | Sept. 11, 2026 | Daily |
| USXF · iShares Trust | 0.15% | 4,530 SH | Sept. 11, 2026 | Daily |
| SUSA · iShares Trust | 0.14% | 12,137 SH | Sept. 11, 2026 | Daily |
| QQQ · Invesco QQQ Trust, Series 1 | 0.14% | 1,701,035 SH | Oct. 2, 2026 | Daily |
| QQQM · Invesco Exchange-Traded Fund Trust … | 0.14% | 373,452 SH | Oct. 2, 2026 | Daily |
| LQAI · Exchange Listed Funds Trust | 0.14% | 6 NS | July 31, 2026 | N-PORT |
| VUG · VANGUARD INDEX FUNDS | 0.14% | 952,836 SH | Aug. 19, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.13% | 122,387 SH | Aug. 19, 2026 | Daily |
| ILCG · iShares Trust | 0.11% | 7,443 SH | Sept. 11, 2026 | Daily |
| IWF · iShares Trust | 0.11% | 290,444 SH | Sept. 11, 2026 | Daily |
| IQSU · New York Life Investments ETF Trust | 0.11% | 686 NS | July 31, 2026 | N-PORT |
| SUSL · iShares Trust | 0.11% | 2,702 SH | Sept. 11, 2026 | Daily |
| WRND · New York Life Investments ETF Trust | 0.11% | 21 NS | July 31, 2026 | N-PORT |
| DSI · iShares Trust | 0.10% | 11,721 SH | Sept. 11, 2026 | Daily |
| MPLY · Strategy Shares | 0.10% | 31 NS | July 31, 2026 | N-PORT |
| RILA · Spinnaker ETF Series | 0.10% | 82 NS | July 31, 2026 | N-PORT |
| EGLE · Global X Funds | 0.10% | 4 NS | July 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.08% | 2,514 NS | July 31, 2026 | N-PORT |
| ESGU · iShares Trust | 0.08% | 31,262 SH | Sept. 11, 2026 | Daily |
| CATH · Global X Funds | 0.08% | 2,048 NS | July 31, 2026 | N-PORT |
| VOOG · VANGUARD ADMIRAL FUNDS | 0.08% | 39,563 SH | Aug. 19, 2026 | Daily |
| CRBN · iShares Trust | 0.08% | 1,860 SH | Sept. 11, 2026 | Daily |
| CHRI · Global X Funds | 0.07% | 11 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.07% | 68 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.07% | 49 SH | Sept. 11, 2026 | Daily |
| IVW · iShares Trust | 0.07% | 111,759 SH | Sept. 11, 2026 | Daily |
| VOO · VANGUARD INDEX FUNDS | 0.07% | 2,094,277 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.07% | 89,427 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.07% | 17,475 SH | Aug. 19, 2026 | Daily |
| IUSG · iShares Trust | 0.07% | 46,803 SH | Sept. 11, 2026 | Daily |
| XYLG · Global X Funds | 0.07% | 81 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.07% | 4,090 NS | July 31, 2026 | N-PORT |
| XVV · iShares Trust | 0.07% | 925 SH | Sept. 11, 2026 | Daily |
| XTR · Global X Funds | 0.07% | 6 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.06% | 4,006 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.06% | 10,585 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.06% | 1,298 NS | July 31, 2026 | N-PORT |
| SPUU · Direxion Shares ETF Trust | 0.06% | 304 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.06% | 6,307 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.06% | 2,431,422 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.06% | 12,804 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.06% | 6,506 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.06% | 305 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.06% | 1,923 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.06% | 4 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.06% | 1,015,846 SH | Sept. 11, 2026 | Daily |
| ILCB · iShares Trust | 0.06% | 1,491 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.05% | 3,449 SH | Sept. 11, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.05% | 6 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.05% | 53,364 SH | Sept. 11, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.05% | 482 SH | Oct. 2, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.05% | 560 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.05% | 104,695 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.05% | 21,247 SH | Sept. 11, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.05% | 6,333 SH | Aug. 19, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.05% | 6,301 NS | July 31, 2026 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.05% | 13,288 SH | Oct. 2, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.05% | 19,233 NS | July 31, 2026 | N-PORT |
| IVE · iShares Trust | 0.04% | 45,519 SH | Sept. 11, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.04% | 64 SH | Oct. 2, 2026 | Daily |
| IUSV · iShares Trust | 0.04% | 24,049 SH | Sept. 11, 2026 | Daily |
| TOK · iShares Trust | 0.04% | 206 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.04% | 6,834 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.04% | 64,479 SH | Aug. 19, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.04% | 733 SH | Oct. 2, 2026 | Daily |
| TILT · FlexShares Trust | 0.04% | 1,580 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.04% | 8,713 NS | July 31, 2026 | N-PORT |
| GARP · iShares Trust | 0.04% | 2,289 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.04% | 24,534 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.02% | 19,019 NS | July 31, 2026 | N-PORT |
| IETC · iShares U.S. ETF Trust | 0.02% | 271 SH | Sept. 11, 2026 | Daily |
| LRGF · iShares Trust | 0.01% | 1,078 SH | Sept. 11, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.01% | 3,183 SH | Oct. 2, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.01% | 849 NS | July 31, 2026 | N-PORT |
| NEAR · iShares U.S. ETF Trust | 0.00% | 154,000 SH | Sept. 9, 2026 | Daily |
AXON Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 28 analysts
BUY
Median target
$700.00
+69.3%
9 32.1%
Strong Buy
16 57.1%
Buy
3 10.7%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
19 analysts · 2026-10-02Mean target $704.11 +70.3%
← Below all targets
Current price $413.35
Low$440.00
Mean$704.11
High$830.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AXON | $45.55B | 376.1 | 33.5% | 4.5% | 4.2% | 59.7% |
| TDG | · | 41.1 | 11.2% | 23.5% | -26.0% | 60.1% |
| HONA | · | · | · | · | · | · |
| LHX | $56.89B | 35.7 | 9.8% | · | 8.2% | · |
| RKLB | $37.92B | -188.5 | 38.0% | -32.9% | -16.4% | 34.4% |
| HEI | · | · | · | · | · | · |
| ATI | $15.90B | 41.0 | 5.2% | 8.8% | 22.1% | 21.9% |
| WWD | · | 35.1 | 7.3% | 12.4% | 18.0% | · |
| ARXS | · | · | · | · | · | · |
| CW | $20.32B | 42.8 | 12.1% | 13.8% | 19.4% | 37.2% |
| CRS | $30.60B | 58.6 | 8.6% | 17.0% | 25.1% | 30.6% |
Latest News Recent headlines mentioning this company
JPM Call With Axon Reveals Race To Fortify U.S. Data Centers Against Kamikaze Drone Swarms
ZeroHedge · 3 months, 3 weeks ago
Jim Cramer on Axon: “It Sells at a Very High Price to Earnings Multiple”
Yahoo Finance · 3 months, 3 weeks ago
Axon Enterprise Stock: Analyst Estimates & Ratings
Yahoo Finance · 4 months ago
Snowflake Soars. 2 Software Stocks That Could Be Next
Nasdaq · 4 months ago
How Strong Growth Metrics Asserts Axon Enterprise, Inc. (AXON) as Top Industrial Stock
Yahoo Finance · 5 months ago
Hegseth Says It ‘Takes Money to Kill Bad Guys’ Amid $200 Billion Spending Push. Why Axon and L3Harris Are the 2 Top-Rated Defense Stocks to Buy Now
Yahoo Finance · 6 months, 1 week ago
How Is Axon Enterprise's Stock Performance Compared to Other Industrial Stocks?
Yahoo Finance · 6 months, 2 weeks ago
Axon Surges 16 % as Blockbuster Bookings and AI Growth Silence the Bears
finance.yahoo.com · 7 months ago
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
BOUNCE_UP
Stopped out
risk 1
reward 1.50
entry
$581.87
R:R 1.50
BOUNCE_UP
Stopped out
risk 1
reward 1.50
entry
$655.81
R:R 1.50
No open signal right now — no card is filled, and that's honest.
My Metrics Your personal watchlist — selected rows from Full Fundamentals
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Source: SEC 10-Q filed Aug 6, 2026