What is the 13F Pro Quality Score for AXON?

13F Pro ranks AXON ENTERPRISE, INC. (AXON) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View AXON's current score at https://13fpro.ai/research/AXON (free sign-up required for the full ranking).

Which hedge funds own the most AXON stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of AXON include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/AXON as soon as new 13F filings post.

Where does 13F Pro source AXON data?

All AXON ENTERPRISE, INC. fundamentals and ownership data come directly from SEC EDGAR. AXON ENTERPRISE, INC. files with the SEC under CIK 1069183. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is AXON in?

AXON ENTERPRISE, INC. (AXON) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

How often is AXON research updated on 13F Pro?

AXON's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

AXON ENTERPRISE, INC.(AXON)Stock Analysis

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13F Pro Quality Score

55.6/100

Rank #1,151 of 2,879 stocksTOP 50%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

88.5/100

Profitability

55.5/100

Balance Sheet

65.6/100

Earnings Quality

52.4/100

Free Cash Flow

24.1/100

Institutional Flow

1.2/100

Revenue Scale

68.3/100

Dilution Risk

8.2/100

AXON Stock Analysis & AI Quality Score

AI stock analysis and institutional research for AXON ENTERPRISE, INC. (AXON), a Industrials sector company. 13F Pro's AI-powered ranking engine scores AXON at 55.6/100 on a 32-signal composite quality model, placing it at rank #1,151 of 2,879 stocks — the top half of the AI-ranked universe. AXON scores in the top quartile across revenue growth (88.5). Areas of concern include institutional flow (1.2) and free cash flow (24.1), which score below median versus the broader universe. Shareholder dilution risk is elevated at 8.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), AXON ENTERPRISE, INC. reports quarterly revenue of $807.3M, net income of $169.3M, free cash flow of $-54.6M. Top institutional holders of AXON by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. AXON trades on the Nasdaq exchange and files with the SEC under CIK 1069183. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AXON daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AXON ENTERPRISE, INC. directly from SEC EDGAR. AXON ENTERPRISE, INC.'s 13F Pro composite quality score has ranged between 8 and 74 since 2021, currently 55.6 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

✦

Fun facts about AXON ENTERPRISE, INC.

Quirks, history, and lore behind AXON — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology and defense company · mid-cap · listed on Nasdaq · headquartered in Arizona.
2
The Numbers
Annual revenue of roughly $2 billion, growing fast, with a market cap that has ballooned past $30 billion — extraordinary for a company that started by selling a single consumer gadget.
3
The History
Founded in 1993 after one of its co-founders lost a close friend to a street shooting — turning personal grief into a mission to make deadly confrontations less deadly.
4
The Secret
Hardware is just the door opener: the real growth engine is a cloud software platform that stores police body-camera footage and court evidence for thousands of agencies worldwide.
5
The Lore
It once held a monopoly so tight on its core product category that U.S. regulators kept a close eye on it — and it famously renamed itself in 2017 to signal it was far more than that one iconic product.
6
The Giveaway
The company that makes the TASER also wants to be the AI backbone of American policing — body cams, digital evidence, and a dream of making the bullet obsolete.

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Revenue

Q1 2026

$807.3M

Net Income

Q1 2026

$169.3M

Free Cash Flow

Q1 2026

$-54.6M

ROIC

Q1 2026

0.6%

D/E Ratio

Q1 2026

0.49

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+134.1% YoY

$2.78BFY 2025

FY20 $681.0MFY21 $863.4MFY22 $1.19BFY25 $2.78B

Net Income

-15.2% YoY

$124.7MFY 2025

FY20 $-1.7MFY21 $-56.3MFY22 $146.9MFY25 $124.7M

Operating Income

-166.8% YoY

$-62.1MFY 2025

FY20 $-14.2MFY21 $-163.1MFY22 $93.0MFY25 $-62.1M

EPS (Diluted)

-25.6% YoY

$1.51FY 2025

FY20 $-0.03FY21 $-0.91FY22 $2.03FY25 $1.51

Total Assets

+145.5% YoY

$7.00BFY 2025

FY20 $1.38BFY21 $1.69BFY22 $2.85BFY25 $7.00B

Total Debt

$1.89BFY 2025

FY20 —FY21 —FY22 —FY25 $1.89B

Op. Cash Flow

-10.2% YoY

$211.3MFY 2025

FY20 $38.5MFY21 $124.5MFY22 $235.4MFY25 $211.3M

Metric	FY 2025	FY 2022	FY 2021	FY 2020	FY 2019	FY 2017
Revenue	$2.78B +134.1%	$1.19B +37.5%	$863.4M +26.8%	$681.0M +28.3%	$530.9M +54.4%	$343.8M
Net Income	$124.7M -15.2%	$146.9M +360.8%	$-56.3M -3167.9%	$-1.7M -295.5%	$882.0K -83.1%	$5.2M
Operating Income	$-62.1M -166.8%	$93.0M +157.0%	$-163.1M -1053.0%	$-14.2M -121.3%	$-6.4M -149.1%	$13.0M
EPS (Diluted)	$1.51 -25.6%	$2.03 +323.1%	$-0.91 -2933.3%	$-0.03 -400.0%	$0.01 -90.0%	$0.10
Total Assets	$7.00B +145.5%	$2.85B +68.9%	$1.69B +22.2%	$1.38B +63.3%	$845.6M +399.3%	$169.4M
Total Debt	$1.89B	—	—	—	—	—
Operating Cash Flow	$211.3M -10.2%	$235.4M +89.1%	$124.5M +223.5%	$38.5M -41.4%	$65.7M +255.5%	$18.5M

AI Insight: AXON Financial Trends

Revenue surged 60% from Q2 2024 to Q1 2026, but operating income turned deeply negative through most of 2025 before a fragile Q1 2026 recovery.

• Revenue grew consistently from $504M in Q2 2024 to $807M in Q1 2026, a ~60% increase over seven quarters.

• Operating income collapsed from $33M in Q2 2024 to -$50M in Q4 2025, recovering modestly to $29M in Q1 2026.

• Total debt spiked from $680M in Q4 2024 to $2,288M by Q3 2025, before declining to $1,731M in Q1 2026.

• Operating cash flow turned negative at -$92M in Q2 2025 and -$32M in Q1 2026, signaling erratic cash conversion.

⚠ Operating margin sustainability: Q1 2026's $29M op income is the first positive reading in four quarters — durability unproven.

⚠ Debt reduction from $2,288M to $1,731M is encouraging, but leverage remains 3x higher than Q4 2024 levels.

⚠ Negative operating cash flow in Q1 2026 (-$32M) despite $169M net income raises questions about working capital and earnings quality.

AI Insight: AXON Ratio Trends

Q1 2026 shows a sharp operating recovery to 3.6% margin, but TTM operating margin remains slightly negative, reflecting persistent profitability pressure over the trailing year.

• Operating margin swung from -6.3% in Q4 2025 to 3.6% in Q1 2026, the strongest quarterly reading since Q2 2024's 6.5%.

• TTM operating margin sits at -0.8%, down sharply from Q2 2024's 6.5%, signaling sustained earnings dilution over the past year.

• Net profit margin rebounded to 21.0% in Q1 2026 from near-zero in Q4 2025 (0.3%), driven by below-the-line items rather than operating leverage.

• D/E ratio declined from 0.89 in Q1 2025 to 0.49 in Q1 2026, indicating meaningful balance sheet deleveraging over four quarters.

⚠ ROIC turned negative in Q4 2024 and remains weak at 2.2% in Q1 2026 — capital returns have not recovered to Q2 2024's 6.8% level.

⚠ Large gap between NPM (21.0%) and OpMargin (3.6%) in Q1 2026 suggests non-operating gains are masking operating weakness — sustainability uncertain.

⚠ TTM OpMargin of -0.8% versus Q1 2026's 3.6% quarterly reading — watch whether operating improvement persists into Q2 2026.

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Available Research

13F Pro tracks comprehensive data for AXON ENTERPRISE, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of AXON

BlackRock, Inc.
$3.4B7,989,186 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.1B5,043,125 sh
STATE STREET CORP
$1.6B3,681,962 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.5B3,604,673 sh
BAILLIE GIFFORD & CO
$1.0B2,459,727 sh
WELLINGTON MANAGEMENT GROUP LLP
$1.0B2,418,116 sh
FMR LLC
$1.0B2,396,339 sh
GEODE CAPITAL MANAGEMENT, LLC
$954.9M2,256,286 sh
EDGEWOOD MANAGEMENT LLC
$861.5M2,028,423 sh
SANDS CAPITAL MANAGEMENT, LLC
$664.4M1,564,504 sh

Fund	Value	Shares
BlackRock, Inc.	$3.4B	7,989,186
VANGUARD CAPITAL MANAGEMENT LLC	$2.1B	5,043,125
STATE STREET CORP	$1.6B	3,681,962
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.5B	3,604,673
BAILLIE GIFFORD & CO	$1.0B	2,459,727
WELLINGTON MANAGEMENT GROUP LLP	$1.0B	2,418,116
FMR LLC	$1.0B	2,396,339
GEODE CAPITAL MANAGEMENT, LLC	$954.9M	2,256,286
EDGEWOOD MANAGEMENT LLC	$861.5M	2,028,423
SANDS CAPITAL MANAGEMENT, LLC	$664.4M	1,564,504

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Is AXON a good stock to buy?

13F Pro's AI-powered analysis of AXON ENTERPRISE, INC. (AXON) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AXON are available on the AXON stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own AXON?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AXON. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of AXON ENTERPRISE, INC.'s investment landscape.