Axon Enterprise — Aug 4, 2025 release

These performance-based incentive programs are achieved through stock price, operational and time-based requirements and are divided into seven substantially equal tranches. • We expect 2025 CapEx to be in the range of $170 million to $185 million. Our 2025 CapEx plans include long-term R&D investment projects, continued capacity expansion, global facility build-outs and new product development costs. Expected capital expenditures do not include costs related to investments in a new headquarters, as we now await local zoning and planning decisions. We expect to have a better update next quarter on when we will be able to break ground on the project. Quarterly conference call and webcast We will host our Q2 2025 earnings conference call webinar on Monday, August 4 at 2 p.m. PT / 5 p.m. ET The webcast will be available via a link on Axon's investor relations website at https://investor.axon.com or can be accessed directly via https://axon.zoom.us/j/93190188519. Statistical Definitions Annual recurring revenue: Annual recurring revenue is a 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