Axon Enterprise, Inc.

    AXON ·NASDAQ ·Ordnance & Accessories, (No Vehicles/Guided Missiles) ·Inc. in DE
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    Item 1.    Business
    Overview
    Axon Enterprise, Inc. (“Axon,” the “Company,” “we” or “us”) is a technology company that provides integrated hardware and software solutions. Founder-led since 1993, Axon began with a mission to protect life and has grown into a global technology company serving a range of customers. Our products and services allow customers across the public and private sector to capture and use critical data to support fully-connected operational workflows. Our trusted network seamlessly integrates software and hardware with a range of connected devices, including TASER energy devices, cameras and sensors, drones and robotics, cloud-based evidence management, records management, real-time operations software, critical incident and emergency response systems, immersive training, and productivity tools – all enhanced by artificial intelligence (“AI”). Designed to work together, these solutions create a unified, data-driven operating system that prioritizes safety and helps protect people and places with greater speed, accuracy, transparency, and accountability.

    Our integrated technology platform of hardware and software solutions advances our mission to (i) make the bullet obsolete, (ii) reduce social conflict, and (iii) enable a fair and effective justice system. Our products and technology solutions address complex, high-stakes challenges, and our mission attracts top talent. We aim to invent and deliver technology solutions that progressively make the right things easier and the wrong things harder every day.

    Axon is a diversified technology company with employees distributed across multiple geographies. Alongside our primary corporate headquarters in Scottsdale, Arizona, we have hubs in many major cities across the United States and ongoing international expansion across Europe, Asia, and the Americas, as we continue to drive our mission globally.
    Business Segments
    During the year ended December 31, 2025, we realigned our business to better reflect our continued growth and expansion of our technology solutions. Previously reported within two reportable segments, TASER and Software and Sensors, we realigned our business in a manner that provides increased transparency and distinction between our software and services and hardware components.
    Axon’s operations comprise a fully integrated suite of products across connected hardware, software, and services which are disclosed in two reportable segments:
    1.Software and Services: We develop, manufacture and sell cloud-based Software-as-a-Service (“SaaS”) solutions that leverage AI and enable our customers to capture, securely store, manage, share and analyze video and other digital evidence. Our software offerings also support productivity and real-time operations. Our offerings include Axon Evidence, Draft One, Axon Records, Axon Standards, Axon Fusus, and Axon Assistant, among others. The Software and Services segment includes recurring cloud-hosted software revenue, related non-recurring professional services revenue, and revenue from certain software, including on-premise licenses.
    2.Connected Devices: We develop, manufacture and sell fully integrated hardware solutions such as conducted energy devices (“CEDs”) sold under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, and a broad ecosystem of accessories, extended warranties and related hardware products.
    For further information about our reportable segments and sales by geographic region, refer to Note 1 of Part II, Item 8 of this Annual Report on Form 10-K.
    Key Product Category Revenue Drivers: What We Offer
    Axon’s products and services are designed to operate as an integrated ecosystem consisting of integrated connected hardware devices, cloud-hosted software applications and real-time operational tools. Our revenue is derived from a combination of hardware sales, multi-year recurring software subscriptions, professional services, and extended warranties. The following describes the principal product categories that drive revenue across our two reportable segments.
    4
    Software and Services
    Axon has a suite of cloud-based, SaaS solutions that deeply integrate with our hardware to benefit customers and drive annual recurring revenue, which totaled $1.3 billion1 as of December 31, 2025. Revenue from our SaaS solutions is primarily driven from subscription licensing, premium offering adoptions, and ecosystem expansion. Our SaaS solutions can be best categorized into three categories:

    •Digital Evidence Management: Axon Evidence is a secure, cloud-based platform that enables public safety to efficiently store, manage and share critical evidence while ensuring chain of custody and compliance.

    •Productivity Solutions: Our productivity suite includes Axon Records, Axon Standards, and a suite of solutions available under our AI Era Plan, including Real-Time Translation, Draft One, Policy Chat, and Auto-Transcribe, among others. These offerings are designed to boost efficiency and improve decision-making through automation, data integration, and intelligent workflows.

    •Real-time Operations: Our real-time operations capabilities, which include Axon Respond, integrates location data, signal alerts and video feeds to provide a complete picture of evolving situations as they occur.

    In addition to subscription SaaS revenue, this segment includes non-recurring professional services revenue supporting implementation, configuration, and ongoing workflow integration, as well as revenue from certain on-premise software licenses.

    Connected Devices

    Our Connected Devices segment consists of hardware products that seamlessly integrate with our suite of software solutions to revolutionize our customers' capabilities for capturing, analyzing, and responding to real-world events. Revenue in this segment is derived from device sales, accessories, and related extended warranties. These products are designed to operate as a networked system and include devices such as cameras, sensors, drones, and personal protection equipment across the following three categories:

    •TASER: We develop smart devices, tools and services that support public safety officers in de-escalating situations, avoiding or minimizing use of force and aiding consumer personal protection. TASER energy devices are used by public safety customers as a less-lethal force option to de-escalate conflict. Revenue is generated through device sales, cartridges, accessories, and extended warranties.

    •Personal Sensors: Axon devices address many needs, including transparency, real-time situational awareness, and accurate capture and integration of evidence with software workflows. Product categories within personal sensors include Axon Body cameras and accessories. Our software solutions also support an open ecosystem of connected devices produced by other vendors.

    •Platform Solutions: Platform Solutions include Axon Fleet in-car video systems, fixed cameras, drone and counter-drone technology, virtual reality (“VR”) training hardware, and other devices that support operational awareness.

    Our research & development (“R&D”) investments support continuous innovation on behalf of our customers. Our financial strategy is to build highly recurring, highly profitable businesses and to drive growth through this purposeful product innovation.
    1 Calculated as monthly recurring license, integration, warranty, and storage revenue for the year ended December 31, 2025. Annual recurring revenue is a forward-looking performance indicator that management believes provides more visibility into the growth of our revenue generated by our highest margin, recurring services. Annual recurring revenue should be viewed independently of revenue and deferred revenue because it is an operating measure and is not intended to be combined with or to replace GAAP revenue or deferred revenue, as they can be impacted by contract start and end dates and renewal rates. Annual recurring revenue is not intended to be a replacement or forecast of revenue or deferred revenue.
    5
    Sales and Distribution: Who We Sell To and Where We Deliver
    Our core customers across the public and private sectors include U.S. federal, state, and local governments, international governmental entities, commercial enterprises, and consumers. Axon’s sales force and strong customer relationships represent key strategic advantages. Although the majority of our revenues are generated via direct sales, we also leverage distribution partners and third party resellers. No customer represented more than 10% of total net sales for the years ended December 31, 2025, 2024 or 2023. As we diversify into new markets, we have been investing in sales personnel and strategic headcount additions to support growth in these markets.

    Resources
    Manufacturing and Supply Chain
    We perform manufacturing, final assembly and final test operations at our facilities in Arizona and own substantially all of the equipment required to develop, prototype, manufacture and assemble our finished products. We have continued to maintain both our ISO 9001 and our ISO 9001:2015 certifications.

    We purchase many components and raw materials used in manufacturing our products from numerous suppliers in various countries. Although we currently obtain certain components from single source suppliers, we own substantially all injection-molded component tooling, designs and test fixtures used in production for all custom components. We continuously monitor our supply chain, identify alternate shipping and logistic sources, and work with foreign regulators so our suppliers can provide high quality parts. Supply chain disruptions are an ongoing occurrence and our continuous monitoring allows us to minimize their impact. For more information on the risks associated with manufacturing and supply chain, see “Item 1A. Risk Factors — Operational Risks”.
    Intellectual Property
    We protect our intellectual property with U.S. and foreign patents, U.S. and foreign trademark registrations, and U.S. copyright registrations. Our patents and pending patent applications relate to technology used by us in connection with our products. We also rely on international treaties, organizations and laws to protect our intellectual property. As of December 31, 2025, we hold over 370 U.S. patents, over 170 U.S. registered trademarks, over 350 international patents and over 480 international registered trademarks, as well as numerous pending patent and trademark applications.

    We continuously assess whether and where to seek formal protection for particular technologies based on such factors as the significance to our operations and our competitors’ operations in particular regions, our strategies in different countries, and the degree to which intellectual property laws exist and are meaningfully enforced in different jurisdictions. We have the exclusive rights to many Internet domain names, primarily including “Axon.com,” “Evidence.com,” “TASER.com,” and “911.com.”
    We also execute non-disclosure agreements with employees, consultants and key suppliers.
    Competition

    Sensors — Connected Cameras and Digital Evidence Management Software: The body camera and in-car video/automatic license plate readers industry is highly competitive. Our competition includes 10-8 Video Systems, 365Labs, Applied Concepts, Axis Communications, Coreforce, Digital Ally, Duress, Genetec, Getac, HALOS Body Cameras, Hikvision, Hytera, Insight LPR, IONODES, i-PRO, Kustom Signals, LensLock, Motorola Solutions, Tait Communications, Oracle, PatrolEyes, Pinnacle Response, Pro-Vision, Recoda, Reveal Media, Safe Fleet, Versaterm, Wireless CCTV, Wolfcom Enterprises, Wrap Technologies and Zepcam.

    Our fixed automatic license plate recognition (“ALPR”) offerings, including Axon Outpost and Axon Lightpost, together with integrations enabled through our Works with Axon partnership program, compete with providers of fixed and semi-fixed ALPR cameras and associated analytics software used by public safety agencies and enterprise customers. Our competition in this area includes Flock Safety, Genetec (AutoVu), Jenoptik, Motorola Solutions (including its Vigilant and fixed LPR solutions), Neology (including its PIPS Technology business), NDI Recognition Systems, PlateSmart Technologies, and Rekor Systems.

    6

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    Financial statements

    data from SEC XBRL filings. Values are as-reported; restatements supersede originals. Values reported in .

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    From 10-Q filed 2026-08-06 (period ending 2026-06-30).

    Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
    The following discussion and analysis of our financial condition as of June 30, 2026, and results of operations for the three and six months ended June 30, 2026 and 2025, should be read in conjunction with the unaudited consolidated financial statements and related notes included in this Quarterly Report on Form 10-Q and the audited consolidated financial statements and related notes in our 2025 Annual Report on Form 10-K for the year ended December 31, 2025. The discussion includes references to non-GAAP financial measures, such as adjusted gross margin, which supplement our GAAP results by providing additional insight into our financial and operational performance. For definitions and reconciliations of these non-GAAP measures to the most directly comparable GAAP measures, refer to “Non-GAAP Measures” within this Quarterly Report on Form 10-Q. This discussion also contains forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from those anticipated in such forward-looking statements.
    Overview
    Axon is a technology company that provides integrated hardware and software solutions. Our products and services allow customers across the public and private sector to capture and use critical data to support fully-connected operational workflows. Our trusted network seamlessly integrates software and hardware with a range of connected devices, including TASER energy devices, cameras and sensors, drones and robotics, cloud-based evidence management, records management, real-time operations software, critical incident and emergency response systems, immersive training, and productivity tools – all enhanced by artificial intelligence.
    Our revenues for the three months ended June 30, 2026 were $904.4 million, an increase of $235.9 million, or 35.3%, from the three months ended June 30, 2025. We had income from operations of $46.8 million, compared to loss from operations of $1.0 million for the same period in the prior year. Gross margin dollars increased $142.7 million reflecting consistent percentage of revenue at 60.4%, when compared to the three months ended June 30, 2025. Adjusted gross margin decreased to 62.9% for the three months ended June 30, 2026 compared to 63.3% for the same period in the prior year. The decrease in gross margin and adjusted gross margin was primarily driven by a higher mix of professional services revenue and scaling new product offerings, partially offset by tariff refunds received in the quarter. Operating expenses increased by $94.9 million, primarily reflecting increased headcount and investments in AI and other initiatives to support business growth. Net income of $29.4 million included a $3.3 million tax provision, income from strategic investments, net, of $5.7 million, and a net realized and unrealized gain of $1.1 million related to our marketable securities. Net income of $36.1 million for the three months ended June 30, 2025 included a $75.0 million tax benefit, partially offset by a noncash unrealized loss of $30.9 million related to our marketable securities.
    Our revenues for the six months ended June 30, 2026 were $1.7 billion, an increase of $439.6 million, or 34.6%, from the six months ended June 30, 2025. We had income from operations of $76.0 million, compared to loss from operations of $9.8 million for the same period in the prior year. Gross margin dollars increased $254.3 million and decreased as a percentage of revenue to 59.8% from 60.5% compared to the six months ended June 30, 2025. Adjusted gross margin decreased to 62.3% for the six months ended June 30, 2026 compared to 63.4% for the same period in the prior year. The decrease in gross margin and adjusted gross margin was primarily due to a higher mix of professional services revenue and scaling new product offerings, partially offset by tariff refunds received in the quarter. Operating expenses increased by $168.4 million, primarily reflecting increased headcount and investments in AI and other initiatives to support business growth. Net income of $198.7 million included net realized and unrealized gains of $202.3 million related to our strategic investments and a $34.2 million tax provision, partially offset by a noncash unrealized loss of $4.4 million related to our marketable securities. Net income of $124.1 million for the six months ended June 30, 2025 included net realized and unrealized gains of $166.0 million related to our strategic investments and a $54.6 million tax benefit, partially offset by a noncash unrealized loss of $54.3 million related to our marketable securities and inducement expense of $28.7 million associated with the early repurchase of a portion of our 2027 Notes.
    On February 20, 2026, the Supreme Court determined that tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”) were unauthorized. During the three months ended June 30, 2026, we received $47.4 million in refunds. Of this amount, $18.1 million had been previously expensed in 2025 to cost of sales and the remaining is associated with amounts primarily classified as inventory and property and equipment, net, for which the majority would have been expensed in the current year.
    23
    Results of Operations
    Three Months Ended June 30, 2026 Compared to the Three Months Ended June 30, 2025
    The following table presents data from our consolidated statements of operations as well as the percentage relationship to total net sales (dollars in thousands):
    Three Months Ended June 30,
    20262025
    Net sales from products$506,55356.0 %$376,36056.3 %
    Net sales from services397,83644.0 292,17843.7 
    Net sales904,389100.0 668,538100.0 
    Cost of product sales243,86127.0 193,50728.9 
    Cost of service sales114,08112.6 71,28810.7 
    Cost of sales357,94239.6 264,79539.6 
    Gross margin546,44760.4 403,74360.4 
    Operating expenses:
    Selling, general and administrative290,98232.2 242,21236.2 
    Research and development208,68723.1 162,56724.4 
    Total operating expenses499,66955.3 404,77960.6 
    Income (loss) from operations46,7785.1 (1,036)(0.2)
    Interest income6,8150.8 23,2533.5 
    Interest expense(28,101)(3.1)(28,686)(4.3)
    Other income (loss), net7,1920.9 (32,414)(4.8)
    Income (loss) before provision for income taxes32,6843.7 (38,883)(5.8)
    Provision for (benefit from) income taxes3,2570.4 (75,000)(11.2)
    Net income$29,4273.3 %$36,1175.4 %
    The following table presents our revenues disaggregated by geography (dollars in thousands):
    Three Months Ended June 30,
    20262025
    United States$742,307 82 %$537,373 80 %
    Other countries162,082 18 131,165 20 
    Total$904,389 100 %$668,538 100 %
    International revenue increased compared to the prior year June 30, 2025 comparative period, primarily driven by increased sales in our EMEA region.
    24
    Net Sales
    Net sales by product line were as follows (dollars in thousands):
    Three Months Ended June 30,Dollar
    Change    		Percent
    Change
    20262025
    Connected Devices segment:
    TASER (1)
    		$261,321 28.9 %$216,234 32.3 %$45,087 20.9 %
    Personal Sensors (2)
    		95,392 10.5 92,819 13.9 2,573 2.8 
    Platform Solutions (3)
    		149,840 16.6 67,307 10.1 82,533 122.6 
    Total Connected Devices segment506,553 56.0 376,360 56.3 130,193 34.6 
    Total Software and Services segment397,836 44.0 292,178 43.7 105,658 36.2 
    Total net sales$904,389 100.0 %$668,538 100.0 %$235,851 35.3 %
    (1)'TASER' includes TASER handles, cartridges and related extended warranties.
    (2)'Personal Sensors' primarily includes body cameras and accessories, signal sidearm, and related extended warranties.
    (3)'Platform Solutions' primarily includes fleet in-car video, interview room, fixed cameras, drones and counter-drone equipment, virtual reality training hardware, and related extended warranties.
    Net sales for the Connected Devices segment increased 34.6% for the three months ended June 30, 2026 compared to the three months ended June 30, 2025. The increase of $45.1 million in TASER is primarily driven by higher TASER 10 handle and cartridge volume. Personal Sensors increased $2.6 million on continued adoption of our newest body camera, AB4, and higher warranty revenue from more devices in the field. The $82.5 million increase in Platform Solutions is primarily driven by higher volume for counter-drone equipment.
    Net sales for the Software and Services segment increased 36.2% for the three months ended June 30, 2026 compared to the three months ended June 30, 2025. The increase in the aggregate number of users and growing adoption of our premium solutions by existing customers drove the majority of the increase of $105.7 million.
    Gross Margin
    As a percentage of net sales, gross margin for the Connected Devices segment increased to 51.9% from 48.6% for the three months ended June 30, 2026 and 2025, respectively. Adjusted gross margin for the Connected Devices segment was 53.4% for the three months ended June 30, 2026, compared to 51.1% for the three months ended June 30, 2025. The increase in gross margin and adjusted gross margin was primarily driven by tariff refunds, partially offset by increased mix to counter-drone equipment.
    As a percentage of net sales, gross margin for the Software and Services segment decreased to 71.3% from 75.6% for the three months ended June 30, 2026 and 2025, respectively. Adjusted gross margin for the Software and Services segment decreased to 75.1% for the three months ended June 30, 2026, compared to 78.9% for the three months ended June 30, 2025. The decrease in gross margin and adjusted gross margin was primarily driven by a higher mix of professional services revenue and scaling new product offerings.
    Selling, General and Administrative Expenses
    SG&A expenses were as follows (dollars in thousands):
    Three Months Ended June 30,Dollar
    Change    		Percent
    Change
    20262025
    Total selling, general and administrative expenses$290,982 $242,212 $48,770 20.1 %
    As a percentage of net sales32.2%36.2%
    Salaries, benefits and bonus expense increased $12.0 million in comparison to the prior year June 30, 2025 comparable period, primarily attributable to an increase in headcount.
    25
    Sales and marketing expense increased $8.9 million in comparison to the prior year June 30, 2025 comparable period, primarily attributable to increased commissions.
    Other SG&A expenses increased $27.9 million in comparison to the prior year June 30, 2025 comparable period, primarily driven by increased advisory expenses of $8.7 million, increased travel expenses of $5.4 million, and increased technology license expenses of $4.4 million as a result of the continued adoption of AI initiatives.
    Research and Development Expenses
    R&D expenses were as follows (dollars in thousands):
    Three Months Ended June 30,Dollar
    Change    		Percent
    Change
    20262025
    Total research and development expenses$208,687$162,567$46,12028.4 %
    As a percentage of net sales23.1 %24.3 %
    Salaries, benefits and bonus expense increased $20.1 million in comparison to the prior year June 30, 2025 comparable period, which was primarily attributable to an increase in headcount.
    Stock-based compensation expense increased $7.2 million in comparison to the prior year June 30, 2025 comparable period, primarily driven by increased headcount.
    Other R&D expenses increased $18.8 million in comparison to the prior year June 30, 2025 comparable period, primarily driven by an increase in engineering expenses of $6.2 million and an increase in technology license expenses of $5.1 million as a result of the continued adoption of AI initiatives.
    Interest Income (Expense), Net
    Interest income (expense), net, was as follows (in thousands):
    Three Months Ended June 30,
    20262025
    Interest income$6,815 $23,253 
    Interest expense(28,101)(28,686)
    Total interest income (expense), net$(21,286)$(5,433)
    Other Income (Loss), Net
    Other income (loss), net, was as follows (in thousands):
    Three Months Ended June 30,
    20262025
    Income (loss) from strategic investments, net (1)
    		$5,709 $(1,297)
    Realized and unrealized gain (loss) on marketable securities, net (2)
    		1,075 (30,870)
    Gain (loss) on foreign currency transactions, net577 (413)
    Other, net(169)166 
    Other income (loss), net$7,192 $(32,414)
    (1)Reflects the net realized and unrealized income (loss) associated with our strategic investments, during the three months ended June 30, 2026 and 2025, as discussed within Note 6.
    (2)Reflects the net realized and unrealized gain (loss) on marketable securities, during the three months ended June 30, 2026 and 2025, as discussed within Note 3.
    26
    Provision for (Benefit from) Income Taxes
    The effective tax rate was 10.0%, for the three months ended June 30, 2026, compared to 192.9% for the three months ended June 30, 2025. The decrease in effective tax rate for the quarter was primarily driven by a less favorable net tax benefit related to stock-based compensation, R&D tax credits and an increase in pre-tax book income, which reduced the relative impact of other permanent and discrete items.
    Provision for (benefit from) income taxes and effective tax rates were as follows (dollars in thousands):
    Three Months Ended June 30,
    20262025Change
    Income before provision for income taxes$32,684 $(38,883)$71,567 
    Provision for (benefit from) income taxes$3,257 $(75,000)$78,257 
    Effective tax rate10.0 %192.9 %
    Net Income
    We recorded net income of $29.4 million for the three months ended June 30, 2026 compared to net income of $36.1 million for the three months ended June 30, 2025. Net income per basic share was $0.37 for the three months ended June 30, 2026 compared to $0.46 for the three months ended June 30, 2025. Net income per diluted share was $0.36 for the three months ended June 30, 2026 compared to $0.44 for the three months ended June 30, 2025.

    Six Months Ended June 30, 2026 Compared to the Six Months Ended June 30, 2025
    The following table presents data from our consolidated statements of operations as well as the percentage relationship to total net sales (dollars in thousands):
    Six Months Ended June 30,
    20262025
    Net sales from products$959,37456.0 %$717,25656.4 %
    Net sales from services752,36044.0 554,91543.6 
    Net sales1,711,734100.0 1,272,171100.0 
    Cost of product sales476,01727.8 363,68828.6 
    Cost of service sales211,98412.4 139,00110.9 
    Cost of sales688,00140.2 502,68939.5 
    Gross margin1,023,73359.8 769,48260.5 
    Operating expenses:
    Selling, general and administrative550,07532.1 465,72136.6 
    Research and development397,63723.3 313,59024.6 
    Total operating expenses947,71255.4 779,31161.2 
    Income (loss) from operations76,0214.4 (9,829)(0.7)
    Interest income17,4261.0 33,8572.7 
    Interest expense(56,744)(3.3)(36,507)(2.9)
    Other income, net196,20211.5 81,9876.4 
    Income before provision for income taxes232,90513.6 69,5085.5 
    Provision for (benefit from) income taxes34,1662.0 (54,589)(4.3)
    Net income$198,73911.6 %$124,0979.8 %
    27
    The following table presents our revenues disaggregated by geography (dollars in thousands):
    Six Months Ended June 30,
    20262025
    United States$1,388,834 81 %$1,066,756 84 %
    Other countries322,900 19 205,415 16 
    Total$1,711,734 100 %$1,272,171 100 %
    International revenue increased compared to the prior year June 30, 2025 comparative period, primarily driven by increased sales in our EMEA region.
    Net Sales
    Net sales by product line were as follows (dollars in thousands):
    Six Months Ended June 30,Dollar
    Change
    Percent
    Change
    20262025
    Connected Devices segment:
    TASER (1)
    		$494,174 28.9 %$411,729 32.4 %$82,445 20.0 %
    Personal Sensors (2)
    		204,143 11.8 181,224 14.2 22,919 12.6 
    Platform Solutions (3)
    		261,057 15.3 124,303 9.8 136,754 110.0 
    Total Connected Devices segment959,374 56.0 717,256 56.4 242,118 33.8 
    Total Software and Services segment752,360 44.0 554,915 43.6 197,445 35.6 
    Total net sales$1,711,734 100.0 %$1,272,171 100.0 %$439,563 

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    holders ( registered funds via N-PORT, institutional investors via 13F). Showing top by dollar value.

    Holder Type ETF MF Position ($) % of holder Δ % of holder Holder AUM

    Recent insider activity

    Last 90 days. Open-market trades (purchases & sales) by directors, officers, and 10%+ owners. 11 transactions across 8 insiders. Net: -74,958 shares, -$38,911,962.

    Date Insider Role Action Shares Price Value
    2026-08-07 SMITH PATRICK W CHIEF EXECUTIVE OFFICER Sell -10,000 ×31 $548.90 -$5,488,962
    2026-07-07 SMITH PATRICK W CHIEF EXECUTIVE OFFICER Sell -10,000 ×26 $643.79 -$6,437,895
    2026-06-29 SMITH PATRICK W CHIEF EXECUTIVE OFFICER Sell -10,000 $500.00 -$5,000,018
    2026-06-05 Isner Joshua PRESIDENT Sell -13,000 ×19 $488.45 -$6,349,888
    2026-06-04 Coughlin Elizabeth Reid Chief Human Officer Sell -1,554 $485.00 -$753,690
    2026-06-04 Brooks Cameron CHIEF REVENUE OFFICER Sell -1,242 $500.00 -$621,000
    2026-06-04 SMITH PATRICK W CHIEF EXECUTIVE OFFICER Sell -20,000 $500.00 -$10,000,000
    2026-06-02 Bagley Brittany COO & CFO Sell -5,969 $485.00 -$2,894,965
    2026-06-01 Williams Jeri Director Sell -629 ×2 $469.64 -$295,403
    2026-06-01 Kalinowski Caitlin Elizabeth Director Sell -564 ×8 $478.97 -$270,140
    2026-05-22 Fields Isaiah Chief Legal Officer Sell -2,000 $400.00 -$800,000

    Source: SEC Form 4 filings.

    Next expected filings

    • ~2026-11-05 10-Q expected by 2026-11-08 (in 81 days)
    • ~2027-02-24 10-K expected by 2027-02-25 (in 192 days)
    • ~2027-05-07 10-Q expected by 2027-05-10 (in 264 days)
    • ~2027-08-06 10-Q expected by 2027-08-09 (in 355 days)

    Predicted from historical filing cadence; not an SEC commitment.

    Recent SEC filings

    • 2026-08-06 10-Q Quarterly Report
    • 2026-08-05 8-K Earnings Release; Financial Statements and Exhibits
    • 2026-07-10 8-K Officer/Director Change
    • 2026-05-07 10-Q Quarterly Report
    • 2026-05-06 8-K Earnings Release; Financial Statements and Exhibits
    • 2026-04-16 DEF 14A Proxy Statement
    • 2026-04-10 8-K Officer/Director Change
    • 2026-03-11 8-K Officer/Director Change
    • 2026-02-25 10-K Annual Report
    • 2026-02-24 8-K Earnings Release; Financial Statements and Exhibits
    • 2026-02-13 8-K Other Events; Financial Statements and Exhibits
    • 2026-02-04 8-K/A Other Events; Financial Statements and Exhibits
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