Revenues

9 Months Ended

Sep. 30, 2026

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Nature of Products and Services

The following table presents our revenues by primary product and service offering and reportable segment (in thousands):

	Three Months Ended September 30, 2026						Three Months Ended September 30, 2025
	Connected Devices		Software and Services		Total		Connected Devices		Software and Services		Total
TASER (1)	$	233,040	$	—	$	233,040	$	237,950	$	—	$	237,950
Personal Sensors (2)	113,532		—		113,532		106,677		—		106,677
Platform Solutions (3)	124,952		—		124,952		60,772		—		60,772
Software and Services	—		437,030		437,030		—		305,242		305,242
Total	$	471,524	$	437,030	$	908,554	$	405,399	$	305,242	$	710,641

	Nine Months Ended September 30, 2026						Nine Months Ended September 30, 2025
	Connected Devices		Software and Services		Total		Connected Devices		Software and Services		Total
TASER (1)	$	727,214	$	—	$	727,214	$	649,679	$	—	$	649,679
Personal Sensors (2)	317,675		—		317,675		287,901		—		287,901
Platform Solutions (3)	386,009		—		386,009		185,075		—		185,075
Software and Services	—		1,189,390		1,189,390		—		860,157		860,157
Total	$	1,430,898	$	1,189,390	$	2,620,288	$	1,122,655	$	860,157	$	1,982,812

(1)'TASER' includes TASER devices, 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 (dollars in thousands):

	Three Months Ended September 30,								Nine Months Ended September 30,
	2026				2025				2026				2025
United States	$	772,026	85	%	$	593,939	84	%	$	2,160,860	82	%	$	1,660,695	84	%
Other countries	136,528		15		116,702		16		459,428		18		322,117		16
Total	$	908,554	100	%	$	710,641	100	%	$	2,620,288	100	%	$	1,982,812	100	%

Revenue Recognized from Contract Liabilities

During the nine months ended September 30, 2026 and 2025, we recognized revenue of $676.5 million and $590.3 million, respectively, from our beginning contract liabilities balance as of December 31, 2025 and 2024, respectively. Refer to our consolidated balance sheets for additional details regarding our receivables, contract assets and contract liabilities from contracts with customers.

Remaining Performance Obligations

As of September 30, 2026, we had approximately $10.2 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, 2026. 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.