US EditionAxon reports Q1 2025 revenue of $604 million, up 31% year over year
- Axon reported Q1 2025 revenue of $604 million from Scottsdale, Arizona, marking 31% year-over-year growth on May 7, 2025.
- The revenue growth follows strong demand for Software & Services, TASER 10, Axon Body 4, and platform sensors amid a growing global customer base.
- Software & Services revenue increased 39% to $263 million, connected devices revenue rose 26% to $341 million, and Platform Solutions generated $57 million growing 51% year over year.
- Axon raised its full-year 2025 revenue outlook to $2.60 billion–$2.70 billion, targeting approximately 27% growth at midpoint and an Adjusted EBITDA margin near 25%.
- The company plans $160 million to $180 million in 2025 capital expenditures for R&D, capacity expansion, and facility build-outs while acknowledging risks that could alter results materially.
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