Quick Answer
AXON ENTERPRISE, INC. reported R&D Expense of $684.31 million for fiscal year 2025.
AXON ENTERPRISE, INC. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $684.31M | +55.0% |
| 2024 | $441.59M | +45.4% |
| 2023 | $303.72M | +29.9% |
| 2022 | $233.81M | +20.5% |
| 2021 | $194.03M | +57.5% |
| 2020 | $123.19M | +22.3% |
| 2019 | $100.72M | +31.1% |
| 2018 | $76.86M | +38.8% |
| 2017 | $55.37M | +80.9% |
| 2016 | $30.61M | +29.6% |
| 2015 | $23.61M | +58.6% |
| 2014 | $14.88M | +50.5% |
| 2013 | $9.89M | +21.5% |
| 2012 | $8.14M | -18.5% |
| 2011 | $9.99M | -12.5% |
| 2010 | $11.41M | -42.9% |
| 2009 | $20.00M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $176.67M | +54.3% | +8.7% |
| June 30, 2025 | $162.57M | +60.3% | +7.6% |
| March 31, 2025 | $151.02M | +65.8% | +31.9% |
| September 30, 2024 | $114.48M | +48.9% | +12.9% |
| June 30, 2024 | $101.43M | +41.0% | +11.3% |
| March 31, 2024 | $91.10M | +28.4% | +18.5% |
| September 30, 2023 | $76.88M | +30.0% | +6.9% |
| June 30, 2023 | $71.94M | +25.0% | +1.4% |
- AXON ENTERPRISE, INC. showed an increase of +55.0% in R&D Expense compared to the prior fiscal year.
- Over the 2009–2025 period, AXON ENTERPRISE, INC.’s r&d expense has grown by 3321.1% (from $20.00 million to $684.31 million).
- The most recent figure is from AXON ENTERPRISE, INC.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 25, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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