Public Safety Technology / Law Enforcement Software & Hardware
Strategic Profile
Axon's Software and Sensors segment achieved 41% growth in subscriptions with Annual Recurring Revenue of $1.25 billion and a positive net revenue retention rate of 124%. Through acquisitions of Prepared and Carbyne, Axon expanded its total addressable market by $5 billion to $159 billion. The company leverages AI through products like Draft One that writes police reports from body camera footage, reinforcing its competitive advantages as a one-stop shop for law enforcement.
Cyborg Score Rationale
Axon demonstrated strong financial performance with Contracted Bookings growing 39% to $11.4 billion and year-over-year sales increasing 31% to $711 million. However, the company faces challenges including a recent 30% drop in share price and projected 19.71% decline in EPS for Q4 2025. 14 analysts give Axon Enterprise a Buy consensus rating as of Feb 9, 2026.
Top Insights
Axon delivered one of the strongest revenue growth streaks in its history, with revenue growth above 30% in the last seven quarters and in 14 of the last 15 quarters
Annual Recurring Revenue reached $1.25 billion with a positive net revenue retention rate of 124%, indicating strong customer retention and expansion
Axon is expanding its body-worn cameras to UK fire stations and redeeming convertible notes, aiming to enhance capital structure and growth potential
According to current analyst ratings, AXON has 18 Buy ratings, 2 Hold ratings, and 0 Sell ratings
Named Competitors
TASER — Conducted energy devices and self-defense solutions
Motorola Solutions Police Cameras — Police body cameras and mobile computing
Panasonic Body Cameras — Body-worn camera systems for law enforcement