Can Axon Sustain EBITDA Margin Momentum Amid Cost Pressures?

Key Takeaways Axon Enterprise's adjusted EBITDA rose 36.3% to $710M in 2025, with margin expanding to 25.5%.Growth was driven by strong sales of TASER 10, Axon Body 4 and platform solutions, boosting revenues.AXON expects 2026 EBITDA margin near 25.5%, supported by cost management and segment realignment.Axon Enterprise, Inc. (AXON) achieved a solid adjusted EBITDA of $710 million in 2025, which surged 36.3% year over year. The company's adjusted EBITDA margin reached 25.5%, reflecting an increase of 50 bas ...