AXON · 8-K · 20260805PR053363
Liquidity and Debt Position
AXON ENTERPRISE, INC. · 2026-08-05 · Importance 64 · Surprise 56 · No source text
As of June 30, 2026, Axon held $685 million of cash, cash equivalents and short-term investments. Outstanding senior notes had $1.8 billion of principal, resulting in net debt of $1.1 billion, up $46 million sequentially. The balance sheet reported $486.6 million of inventory, up from $341.8 million at December 31, 2025, reflecting continued investment to support customer demand. Contract assets increased to $1.047 billion from $760.9 million at year-end 2025, while current deferred revenue declined to $670.7 million from $714.7 million.
Key facts
- Total cash, cash equivalents, restricted cash and investments, net of notes payable: $(1,064,673) (30 JUN 2026) and $(112,300) (31 DEC 2025) source
- Cash, cash equivalents, restricted cash and investments, net: 685,327 (30 JUN 2026) and 1,718,810 (31 DEC 2025) source
- Net debt position: $1.1 billion as of June 30, 2026, up $46 million sequentially source
- Outstanding senior notes principal amount: $1.8 billion as of June 30, 2026 source
- Total liabilities and stockholders’ equity: $7,481,157 (30 JUN 2026) and $7,000,313 (31 MAR 2026?) source
- Net change in cash and cash equivalents: 138,468 (three months ended 30 JUN 2026), (742,237) (31 MAR 2026), (477,296) (30 JUN 2025); (603,769) (six months ended 30 JUN 2026) and 160,699 (six months ended 30 JUN 2025) source
- Current portion of notes payable, principal amount: — (30 JUN 2026) and (81,110) (31 DEC 2025) source
- Total stockholders’ equity: 3,674,537 (30 JUN 2026) and 3,242,658 (31 MAR 2026?) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -24.1% | Outstanding senior notes principal amount: $1.8 billion as of June 30, 2026 |
| cash | negative | realized | -8.1% | Cash and cash equivalents: $597,704 (30 JUN 2026) and $1,201,147 (31 DEC 2025) |
| assets | positive | realized | +6.4% | Total liabilities and stockholders’ equity: $7,481,157 (30 JUN 2026) and $7,000,313 (31 MAR 2026?) |
| cash | positive | realized | +1.9% | Net change in cash and cash equivalents: 138,468 (three months ended 30 JUN 2026), (742,237) (31 MAR 2026), (477,296) (30 JUN 2025);… |
| liability | positive | realized | +1.1% | Current portion of notes payable, principal amount: — (30 JUN 2026) and (81,110) (31 DEC 2025) |
| liability | negative | realized | — | Total cash, cash equivalents, restricted cash and investments, net of notes payable: $(1,064,673) (30 JUN 2026) and $(112,300) (31 DEC 2025) |
| cash | negative | realized | — | Cash, cash equivalents, restricted cash and investments, net: 685,327 (30 JUN 2026) and 1,718,810 (31 DEC 2025) |
| liability | negative | realized | — | Net debt position: $1.1 billion as of June 30, 2026, up $46 million sequentially |
| assets | unclear | realized | — | Total current assets as of June 30, 2026: $3,004,705 thousand |