Revenues

12 Months Ended

Dec. 31, 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.

	Year Ended December 31, 2025						Year Ended December 31, 2024
	Connected Devices		Software and Services		Total		Connected Devices		Software and Services		Total
TASER (1)	$	913,883	$	—	$	913,883	$	750,141	$	—	$	750,141
Personal Sensors (2)	397,035		—		397,035		316,938		—		316,938
Platform Solutions (3)	265,946		—		265,946		154,213		—		154,213
Software and Services	—		1,202,672		1,202,672		—		861,234		861,234
Total	$	1,576,864	$	1,202,672	$	2,779,536	$	1,221,292	$	861,234	$	2,082,526

	Year Ended December 31, 2023
	Connected Devices		Software and Services		Total
TASER (1)	$	573,158	$	—	$	573,158
Personal Sensors (2)	242,625		—		242,625
Platform Solutions (3)	148,219		—		148,219
Software and Services	—		596,697		596,697
Total	$	964,002	$	596,697	$	1,560,699

(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.

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

	Year Ended December 31,
	2025				2024				2023
United States	$	2,305,012	83	%	$	1,775,194	85	%	$	1,335,516	86	%
Other countries	474,524		17		307,332		15		225,183		14
Total	$	2,779,536	100	%	$	2,082,526	100	%	$	1,560,699	100	%

Contract Balances

As of December 31, 2025 and December 31, 2024, our contract assets, net were $760.9 million and $487.8 million, respectively. During the year ended December 31, 2025, our contract assets balance increased by $273.1 million, or 56.0%, primarily due to increased sales under subscription plans. As of December 31, 2025 and December 31, 2024, our contract liabilities (deferred revenue) were $1,074.6 million and $973.6 million, respectively. During the year ended December 31, 2025, our contract liabilities balance increased by $101.0 million, or 10.4%, primarily due to increased subscription invoicing in advance of fulfilling performance obligations to customers.

During the years ended December 31, 2025 and 2024, and 2023, we recognized revenue of $682.4 million, $499.7 million, and $358.0 million, respectively, from the beginning contract liabilities balance as of December 31, 2024, 2023 and 2022 respectively.

Remaining Performance Obligations

As of December 31, 2025, we had approximately $9.9 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 December 31, 2025. We currently expect to recognize approximately 20% - 25% of this balance over the next 12 months, and expect the remainder to be substantially recognized over the following ten years, subject to risks related to delayed deployments, budget appropriation or other contract cancellation clauses.

Costs to Obtain a Contract

We recognize an asset for the incremental costs of obtaining a contract with a customer, which consist primarily of sales commissions. As of December 31, 2025 and 2024, our assets for costs to obtain contracts were as follows (in thousands):

	December 31, 2025		December 31, 2024
Current deferred commissions (1)	$	86,614	$	59,025
Deferred commissions, net of current portion (2)	245,900		154,894
	$	332,514	$	213,919

(1)Current deferred commissions are included within prepaid expenses and other current assets on the consolidated balance sheets.

(2)Deferred commissions, net of current portion, are included in other long-term assets on the consolidated balance sheets.

During the years ended December 31, 2025, 2024, and 2023, we recognized $65.9 million, $50.8 million, and $34.1 million, respectively, of amortization related to deferred commissions. These costs are recorded within SG&A expenses in the consolidated statements of operations and comprehensive income.