Axon Q4 2024 Earnings Report
Key Takeaways
Axon achieved record quarterly revenue of $575 million in Q4 2024, a 34% increase year-over-year. The company reported strong demand across key product segments, including TASER, Sensors & Other, and Axon Cloud & Services. Net income for the quarter reached $135 million, supported by non-GAAP net income of $169 million.
Quarterly revenue increased 34% year-over-year to $575 million.
Net income for the quarter was $135 million, a 23.5% net income margin.
Non-GAAP net income for Q4 was $169 million, a 29.3% non-GAAP net income margin.
Operating cash flow for the quarter increased 79% year-over-year to $250 million.
Axon Revenue
Axon EPS
Axon Revenue by Segment
Axon Revenue by Geographic Location
Forward Guidance
Axon expects revenue growth of approximately 25% for 2025, with revenue guidance between $2.55 billion and $2.65 billion.
Positive Outlook
- Projected revenue growth of approximately 25% for 2025.
- Adjusted EBITDA guidance between $640 million to $670 million.
- Strong demand for cloud-based offerings and SaaS revenue growth.
- Expansion of enterprise and AI-driven solutions.
- Momentum in new product categories such as drones and real-time crime center technology.
Challenges Ahead
- Stock-based compensation expenses expected to remain high.
- Potential macroeconomic uncertainties impacting public safety budgets.
- Integration challenges with recent acquisitions.
- High investment in R&D and new product development.
- Potential fluctuations in foreign exchange rates impacting international revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income