Axon (AXON) r&d spend was $684M in FY2025 (+55% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$684M
+55%
2024
$442M
+45%
2023
$304M
+30%
2022
$234M
+21%
2021
$194M
+57%
2020
$123M
+22%
2019
$101M
+31%
2018
$77M
+39%
2017
$55M
+81%
2016
$31M
+30%
2015
$24M
+59%
2014
$15M
+51%
2013
$10M
+21%
2012
$8M
-19%
2011
$10M
-12%
2010
$11M
-43%
2009
$20M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q1 2026
$189M
Q4 2025
$194M
Q3 2025
$177M
Q2 2025
$163M
Q1 2025
$151M
Q4 2024
$135M
Q3 2024
$114M
Q2 2024
$101M
Q1 2024
$91M
Q4 2023
$84M
Q3 2023
$77M
Q2 2023
$72M
Source: AXON on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.