Axon reports Q4 2025 revenue of $797 million, up 39% year over year

certain expenses and gains, such as income tax expense and gains or losses on marketable securities and strategic investments. We are unable to reasonably estimate their potential impact, which could be material. Accordingly, we do not provide a reconciliation of projected net income and net income margin to projected Adjusted EBITDA and Adjusted EBITDA margin, respectively.We provide an Adjusted Free Cash Flow target, rather than a cash flow from operating activities target, to provide additional transpare ...