Revenues

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Nature of Products and Services

The following tables present our revenues by primary product and service offering and reportable segment (in thousands). All periods presented reflect the impact of the Segment Realignment discussed in Note 1.

	Three Months Ended September 30, 2025						Three Months Ended September 30, 2024
	Connected Devices		Software and Services		Total		Connected Devices		Software and Services		Total
TASER (1)	$	237,950	$	—	$	237,950	$	203,612	$	—	$	203,612
Personal Sensors (2)	106,677		—		106,677		88,660		—		88,660
Platform Solutions (3)	60,772		—		60,772		35,628		—		35,628
Software and Services	—		305,242		305,242		—		216,374		216,374
Total	$	405,399	$	305,242	$	710,641	$	327,900	$	216,374	$	544,274

	Nine Months Ended September 30, 2025						Nine Months Ended September 30, 2024
	Connected Devices		Software and Services		Total		Connected Devices		Software and Services		Total
TASER (1)	$	649,679	$	—	$	649,679	$	549,759	$	—	$	549,759
Personal Sensors (2)	287,901		—		287,901		231,773		—		231,773
Platform Solutions (3)	185,075		—		185,075		109,555		—		109,555
Software and Services	—		860,157		860,157		—		616,294		616,294
Total	$	1,122,655	$	860,157	1,982,812		$	891,087	$	616,294	$	1,507,381

(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 interview room, fleet in-car video, fixed cameras, drones and counter-drone equipment, virtual reality training hardware, and related extended warranties.

The following table presents our revenues disaggregated by geography (dollars in thousands):

	Three Months Ended September 30,								Nine Months Ended September 30,
	2025				2024				2025				2024
United States	$	593,939	84	%	$	482,596	89	%	$	1,660,695	84	%	$	1,298,775	86	%
Other countries	116,702		16		61,678		11		322,117		16		208,606		14
Total	$	710,641	100	%	$	544,274	100	%	$	1,982,812	100	%	$	1,507,381	100	%

Contract Balances

The following table presents our contract assets, contract liabilities and certain information related to these balances as of and for the nine months ended September 30, 2025 and year ended December 31, 2024 (in thousands):

	September 30, 2025		December 31, 2024
Contract assets, net	$	701,154	$	487,805
Contract liabilities (deferred revenue)	1,003,606		973,640

During the nine months ended September 30, 2025 and 2024, we recognized revenue of $590.3 million and $432.4 million, respectively, from the beginning contract liabilities balance as of December 31, 2024 and 2023, respectively.

Remaining Performance Obligations

As of September 30, 2025, we had approximately $8.1 billion of remaining performance obligations, which included both recognized contract liabilities as well as amounts that will be invoiced and recognized in future periods. The remaining performance obligations are limited only to arrangements that meet the definition of a contract under ASC 606 as of September 30, 2025. We currently expect to recognize approximately 20% - 25% of this balance over the next 12 months, and expect the remainder to be recognized over the following ten years, subject to risks related to delayed deployments, budget appropriation or other contract cancellation clauses.