AXON · 8-K · 20260805PR053363

Working Capital Changes

AXON ENTERPRISE, INC. · 2026-08-05 · Importance 69 · Surprise 64 · From source text

Receivables and contract assets consumed $256.9 million of cash in the first six months of 2026, including a $305.8 million use in the second quarter. Inventory consumed $145.1 million year to date, compared with $48.1 million in the first six months of 2025. Accounts payable, accrued and other liabilities provided $105.5 million year to date, including $256.6 million in the second quarter.

Key facts

• Change in receivables and contract assets: (305,834) (three months ended 30 JUN 2026), 48,915 (31 MAR 2026), (139,268) (30 JUN 2025); (256,919) (six months ended 30 JUN 2026) and (212,833) (six months ended 30 JUN 2025) source
• Change in accounts payable, accrued and other liabilities: 256,578 (three months ended 30 JUN 2026), (151,047) (31 MAR 2026), 12,564 (30 JUN 2025); 105,531 (six months ended 30 JUN 2026) and 21,175 (six months ended 30 JUN 2025) source
• Change in inventory: (80,386) (three months ended 30 JUN 2026), (64,713) (31 MAR 2026), (31,112) (30 JUN 2025); (145,099) (six months ended 30 JUN 2026) and (48,098) (six months ended 30 JUN 2025) source
• Contract assets, net as of June 30, 2026: $750,950 thousand, up from $582,630 at Dec 31, 2025 source
• Other current liabilities: 17,131 (30 JUN 2026) and 9,107 (31 MAR 2026?) source
• Accounts and notes receivable, net as of June 30, 2026: $768,637 thousand source
• Inventory as of June 30, 2026: $486,556 thousand, up from $341,811 at Dec 31, 2025 source

Impact estimates