Axos Financial, Inc.
For the period ended Jun 30, 2026. Filed Aug 20, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Aug 20, 2026
AX$92.17-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| AXOS FINANCIAL, INC. | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
| Fiscal Year Ended June 30, | |||
| (Dollars in thousands) | 2026 | 2025 | 2024 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $490,372 | $432,908 | $450,008 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 80,623 | 29,019 | 27,086 |
| Other accretion and amortization | (90,878) | (108,076) | (58,275) |
| Stock-based compensation expense | 44,255 | 41,971 | 35,194 |
| Trading activity | (12) | (296) | 405 |
| Provision for credit losses | 101,105 | 55,745 | 32,500 |
| Deferred income taxes | 93,209 | (27,956) | 33,134 |
| Origination of loans held for sale | (240,355) | (199,845) | (197,305) |
| Unrealized and realized gains on loans held for sale and held for investment at fair value | (5,206) | (9,596) | (8,639) |
| Proceeds from sale of loans held for sale | 223,115 | 195,202 | 209,503 |
| Change in the fair value of servicing rights | 3,116 | 2,605 | (2,326) |
| Gain on FDIC Loan Purchase | — | — | (92,397) |
| Gain on repurchase of subordinated notes | — | (729) | (973) |
| Net change in assets and liabilities which provide (use) cash: | |||
| Securities borrowed | (24,066) | (72,184) | 67,127 |
| Customer, broker-dealer and clearing receivables | (95,224) | (12,692) | 134,046 |
| Other assets | (203,988) | 18,506 | (114,040) |
| Securities loaned | 55,303 | 65,249 | (85,655) |
| Customer, broker-dealer and clearing payables | 15,186 | 49,479 | (144,350) |
| Accounts payable and other liabilities | 111,042 | 31,021 | 20,434 |
| Net cash provided by (used in) operating activities | 557,597 | 490,331 | 305,477 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchases of available-for-sale securities | (768,755) | (22,382) | (9,612) |
| Proceeds from sale and repayment of available-for-sale securities | 17,291 | 100,316 | 106,249 |
| Purchase of stock of regulatory agencies | (111,797) | (12,449) | — |
| Proceeds from redemption of stock of regulatory agencies | 111,715 | — | — |
| Net change in loans held for investment at amortized cost and at fair value | (3,711,249) | (2,175,449) | (2,683,460) |
| Proceeds from sale of loans originally classified as held for investment | 180,514 | 440,115 | 39,159 |
| Proceeds from sale of other real estate owned and repossessed assets | 6,631 | 2,210 | 4,757 |
| Purchase of BOLI policies | — | (100,000) | — |
| Acquisition of business, net of cash acquired | (474,448) | — | — |
| Purchases of premises, furniture, equipment, software and intangibles | (266,449) | (54,213) | (35,961) |
| Purchases of other investments | (19,398) | (19,296) | (12,401) |
| Distributions received from other investments | 75 | 81 | 1,989 |
| Net cash provided by (used in) investing activities | (5,035,870) | (1,841,067) | (2,589,280) |
| AXOS FINANCIAL, INC. | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
| Fiscal Year Ended June 30, | |||
| (Dollars in thousands) | 2026 | 2025 | 2024 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Net increase in deposits | 3,735,849 | 1,470,326 | 2,236,109 |
| Repayments of the Federal Home Loan Bank term advances | — | (30,000) | — |
| Net (repayment) proceeds of Federal Home Loan Bank other advances | 94,000 | — | — |
| Net (repayment) proceeds of other borrowings | — | — | (27,200) |
| Redemption of subordinated notes | (160,500) | — | — |
| Payments related to settlement of restricted stock units | (30,246) | (27,640) | (16,192) |
| Purchase of treasury stock | (21,980) | (58,203) | (96,286) |
| Repayment of secured financings | (197,141) | — | — |
| Repurchase of subordinated notes | — | (13,169) | (8,938) |
| Payment of debt issuance costs | (2,861) | — | — |
| Proceeds from issuance of subordinated notes | 200,000 | — | — |
| Repayment of subordinated loans | (7,400) | — | — |
| Net cash provided by (used in) financing activities | 3,609,721 | 1,341,314 | 2,087,493 |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (868,552) | (9,422) | (196,310) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year | $2,176,354 | $2,185,776 | $2,382,086 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of year | $1,307,802 | $2,176,354 | $2,185,776 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest paid on interest-bearing liabilities | $705,171 | $687,244 | $698,956 |
| Transfers to other real estate and repossessed vehicles from loans held for investment | 3,848 | 8,778 | 4,472 |
| Transfers from loans held for investment to loans held for sale | 178,610 | 432,835 | 39,159 |
| Transfers from loans held for sale to loans held for investment | 7,093 | 12,530 | 2,783 |
| Operating lease liabilities from obtaining right of use assets | 8,525 | 4,491 | 6,330 |
| Non-cash LIHTC investments | 25,000 | 25,060 | 37,495 |
| Non-cash Contingent Consideration | 30,810 | — | — |
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