AXON · 8-K · 20260805PR053363

Operating Cash Flow Trends

AXON ENTERPRISE, INC. · 2026-08-05 · Importance 45 · Surprise 64 · No source text

Net cash provided by operating activities was $20.1 million in the three months ended June 30, 2026, compared with cash used of $91.7 million in the prior-year quarter. Six-month operating cash flow was negative $11.4 million, improving from negative $65.9 million in the first six months of 2025. Free cash flow was negative $1.0 million for the quarter and negative $55.6 million year to date, versus negative $114.7 million and negative $113.7 million, respectively, in the comparable 2025 periods.

Key facts

• Operating cash flow improved to $20 million from an outflow of $92 million in the prior year source
• Net cash provided by (used in) operating activities: 20,077 (three months ended 30 JUN 2026), (31,517) (31 MAR 2026), (91,704) (30 JUN 2025); (11,440) (six months ended 30 JUN 2026) and (65,910) (six months ended 30 JUN 2025) source
• Free cash flow: (972) (three months ended 30 JUN 2026), (54,642) (31 MAR 2026), (114,657) (30 JUN 2025); (55,614) (six months ended 30 JUN 2026) and (113,725) (six months ended 30 JUN 2025) source
• Adjusted free cash flow: (710) (three months ended 30 JUN 2026), (54,124) (31 MAR 2026), (110,715) (30 JUN 2025); (54,834) (six months ended 30 JUN 2026) and (108,007) (six months ended 30 JUN 2025) source
• Income and payroll tax payments for net-settled stock awards: (129,982) (three months ended 30 JUN 2026), (10,210) (31 MAR 2026), (187,800) (30 JUN 2025); (140,192) (six months ended 30 JUN 2026) and (192,835) (six months ended 30 JUN 2025) source
• Effect of exchange rate changes on cash and cash equivalents: (2,454) (three months ended 30 JUN 2026), (1,495) (31 MAR 2026), 5,305 (30 JUN 2025); (3,949) (six months ended 30 JUN 2026) and 6,497 (six months ended 30 JUN 2025) source
• Free cash outflow for the quarter: $1 million source

Impact estimates