Axon Enterprise (AXON)
Industrials · Law enforcement technology and cloud software
A leading provider of cloud-based software and connected hardware solutions for law enforcement agencies, including conducted energy devices (CED), body cameras, and in-custody video systems.
What Axon Enterprise does
Axon Enterprise designs, manufactures, and sells technology products and services for law enforcement agencies and correctional facilities worldwide. The company's core products include conducted energy devices (CEDs), body-worn cameras, in-custody video systems, and cloud-based software platforms for evidence management and data analytics. Axon derives substantial revenue from subscription-based SaaS offerings that complement its hardware ecosystem, creating recurring revenue streams and extensive customer lock-in.
Themes: ["Law enforcement technology","Cloud software/SaaS","AI and analytics","Public safety","Hardware-software convergence","Subscription-based revenue"]
Fundamentals
- Price$582.00 as of 2026-07-09 close
- Market cap$46.9B as of 2026-07-10
- 1-year return-27.8% as of 2026-07-09 close
- P/E227.73 as of 2026-07-10
- Net margin+6.9% as of 2026-07-10
- Gross margin+59.3% as of 2026-07-10
- ROE+6.6% as of 2026-07-10
- Debt / equity0.49 as of 2026-07-10
- Revenue growth (YoY)+34.0% as of 2026-07-10
- Revenue CAGR (3y)+32.8% SEC XBRL
- Beta1.40 as of 2026-07-10
Key risks (from latest filing)
["Heavy dependence on law enforcement agency budgets and political constraints; customer concentration risk in public sector funding cycles","Significant litigation and reputational risk related to CED products and product liability claims, including wrongful death lawsuits","Rapid technological change and competitive pressure; dependence on sustained demand for core CED products, which face regulatory and public scrutiny"]
Competitors & peers
- Motorola Solutions (MSI)
- Palantir Technologies (PLTR)
- Cellebrite (CLBT)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.