Axon Enterprise Inc 2025年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549Form10-Q (Mark One) oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from __________to __________Commission File Number:001-16391 Axon Enterprise, Inc. (Exact name of registrant as specified in its charter) Not Applicable (Former name, former address and former fiscal year, if changed since last report)Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.YesxNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.oIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct). YesoNoxThe number of shares of the registrant’s common stock outstanding as of May1, 2025 was77,850,812. AXON ENTERPRISE, INC.INDEX TO QUARTERLY REPORT ON FORM 10-QFOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 Special Note Regarding Forward-Looking Statements PART I - FINANCIAL INFORMATION1Item 1. Financial Statements(unaudited)1Consolidated Balance Sheets2Consolidated Statements of Operations and Comprehensive Income3Consolidated Statements of Stockholders’ Equity4Consolidated Statements of Cash Flows5Condensed Notes toConsolidated Financial Statements6Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations32Item 3. Quantitative and Qualitative Disclosures About Market Risk42Item 4. Controls and Procedures42PART II - OTHER INFORMATION43Item 1. Legal Proceedings43Item 1A. Risk Factors43Item 2. Unregistered Sales of Equity Securities and Use of Proceeds66Item 3. Defaults Upon Senior Securities66Item 4. Mine Safety Disclosures66Item 5. Other Information67Item 6. Exhibits67SIGNATURES69 Special Note Regarding Forward-Looking Statements Statements contained in this Quarterly Report on Form 10-Q that are not historical are “forward-looking statements” within the meaning ofSection 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended(the “Exchange Act”), including statements regarding our expectations, beliefs, intentions and strategies regarding the future. We intend that suchforward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such statements give ourcurrent expectations or forecasts of future events; they do not relate strictly to historical or current facts. Words such as “may,” “will,” “should,”“could,” “would,” “predict,” “potential,” “continue,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” and similarexpressions, as well as statements in future tense, identify forward-looking statements. However, not all forward-looking statements contain theseidentifying words. We cannot guarantee that any forward-looking statement will be realized, although we believe we have been prudent in our plans andassumptions. Achievement of future results is subject to risks, uncertainties and potentially inaccurate assumptions. Many events beyond our controlmay determine whether results we anticipate will be achieved. Should known or unknown risks or uncertainties materialize, or should underlyingassumptions prove inaccurate, actual results could differ materially from past results and those anticipated, estimated or projected. You should bearthis in mind as you consider forward-looking statements. This Quarterly Report on Form 10-Q lists various important factors that could cause actualresults to differ materially from historical and expected results, which are set forth more fully in Part II, Item 1A. These factors are intended ascautionary statements for investors within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Readers can f