🔹 Revenue: $669M (Est. $640.3M) 🟢; UP +33% YoY
🔹 EPS (Non-GAAP): $2.12 (Est. $1.46) 🟢
🔹 Adj EBITDA: $172M; UP +37%
FY25 Guidance:
🔹 Revenue: $2.65B–$2.73B (Est. $2.658B) 🟢; implies ~29% YoY growth
🔹 Adjusted EBITDA: $665M–$685M; margin target ~25%
🔹 Stock-Based Compensation: $580M–$630M
🔹 CAPEX: $170M–$185M
Q2 Software & Services
🔹 Revenue: $292M; UP +39% YoY
🔹 Gross Margin: 75.6%; UP +150bps YoY
🔹 Adjusted Gross Margin: 78.9%; UP +230bps YoY
Connected Devices
🔹 Revenue: $376M; UP +29% YoY
🔹 Gross Margin: 48.6%; DOWN -270bps YoY
🔹 Adjusted Gross Margin: 51.1%; DOWN -230bps YoY
Other Metrics:
🔹 Annual Recurring Revenue (ARR): $1.2B; UP +39% YoY
🔹 Net Revenue Retention: 124%
🔹 Future Contracted Bookings: $10.7B; UP +43% YoY
🔹 Operating Loss: -$1M (driven by $139M stock comp)
🔹 Free Cash Outflow: -$115M
🔹 Cash & Investments: $2.1B | Net Cash: $66M
CEO / Management Commentary:
🔸 “Axon closed H1'25 with record revenue, our sixth straight quarter of >30% YoY growth.”
🔸 “Strong adoption of premium software and TASER 10 drove results.”
🔸 “We're leading the charge on responsible AI in law enforcement, with 3 in 4 officers believing it will improve efficiency.”
🔸 “Productivity tools like Draft One are saving officers 6–12 hours/week — that's real impact.”
🔸 “We’ve raised our full-year outlook again, reflecting durable execution and long-term demand.”
🔸 “Our commitment to innovation, safety, and AI deployment remains at the center of our roadmap.”