Axon Enterprise, Inc. Cash Flow Charts

2 years of history · ending 2025-12-31 · SEC EDGAR

Source:10-K · 10-Q

Capital Allocation

How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).

Capital Allocation Waterfall

Buybacks vs Stock-Based Comp

Cash Flow

Cash Flow by Activity

Operating Cash Flow
$211M
Free Cash Flow
$75M
Investing Cash Flow
$-725M
Financing Cash Flow
$1.25B
Capex
$136M
Acquisitions
$647M
Stock Buybacks
Stock-Based Comp
$634M
Debt Repaid
D&A
$83M
SBC Allocated Expense
$634M