• Axon Enterprise average return on tangible equity for 2023 was 10.48, a 5.75% increase from 2022.
• Axon Enterprise average return on tangible equity for 2022 was 9.91, a 288.05% increase from 2021.
• Axon Enterprise average return on tangible equity for 2021 was -5.27, a 75.67% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.