Financial Services · Banks - Regional
Price
$97.90
Market Cap
$5.6B
Employees
1,781
Beta
1.23
Avg Volume
423,766
CEO
Gregory Garrabrants
Business Description
Founded in Las Vegas, Nevada, in 1999, Axos Financial, Inc. is a U.S.-based financial institution that delivers a comprehensive array of banking services to both individual consumers and businesses. The company operates through two primary divisions: its core Banking Business and its Securities Business. For deposits, Axos provides a broad spectrum of options including checking, savings, demand, money market, and time deposit accounts, alongside specialized products such as zero balance and insured cash sweep accounts. Its diverse lending portfolio encompasses various mortgage types, such as single-family, multi-family, and commercial real estate-backed loans. They also extend commercial and industrial loans, comprising non-real estate, asset-backed, term loans, and lines of credit. Consumer lending encompasses automobile loans, fixed-rate unsecured loans, and unique offerings such as structured settlements, Small Business Administration (SBA) loans, and securities-backed financing. Beyond its core banking activities, Axos provides extensive services, including ACH origination, wire transfers, commercial check printing, and tools for business bill payment and account transfers. Digital solutions such as remote and mobile deposit, lockbox services, merchant payment processing, and online payment portals are readily available. Clients benefit from concierge banking, mobile and text message banking, diverse payment services, and access to debit cards, credit cards, and digital wallets. In its Securities Business, Axos facilitates disclosed clearing services and comprehensive back-office support. This encompasses record keeping, trade reporting, accounting, general administrative support, securities and margin lending, reorganization assistance, and the secure custody of securities. The company also offers financing solutions to its brokerage clients. The institution, previously known as BofI Holding, Inc., adopted its current name, Axos Financial, Inc., in September 2018.
Business History
Price Overview
Price at report time · Jul 5, 4:03am (0m ago)
$97.90
Change · Jul 5
-1.04 (-1.05%)
Day Range
$97.27 – $100.12
52-Week Range
$74.89 – $101.92
50-Day MA
$89.74
200-Day MA
$87.90
Volume
327,560.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Analyst Price Targets
Low
$110.00
Consensus
$111.00
High
$112.00
(10 analysts)
Share Structure
Outstanding
56,884,600.00
Float
54,390,244.00
Free Float
95.6%
High free float
— 95.6% of shares trade freely, ~4.4% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
11.64
Stock Price: $97.90
EPS (Diluted): 7.61
EPS (Diluted): 7.61
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.61
Stock Price: $97.90
Total Equity: $2.68B
Shares: 58,241,421
Total Equity: $2.68B
Shares: 58,241,421
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
10.20
Market Cap: $5.57B
Total Debt: $372.67M
Cash: $1.93B
EBITDA: $642.41M
Total Debt: $372.67M
Cash: $1.93B
EBITDA: $642.41M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$2.8B
Market Cap: $5.57B
Total Debt: $372.67M
Cash: $1.93B
Total Debt: $372.67M
Cash: $1.93B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
61.5%
Gross Profit: $1.19B
Revenue: $1.93B
Revenue: $1.93B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
31.8%
Operating Income: $613.40M
Revenue: $1.93B
Revenue: $1.93B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
22.4%
Net Income: $432.91M
Revenue: $1.93B
Revenue: $1.93B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
16.6%
Net Income: $432.91M
Total Equity: $2.68B
Total Equity: $2.68B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
7.3%
Operating Income: $613.40M
Tax Rate: 29.4%
Equity: $2.68B
Total Debt: $372.67M
Cash: $1.93B
Tax Rate: 29.4%
Equity: $2.68B
Total Debt: $372.67M
Cash: $1.93B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.11
Current Assets: $2.37B
Current Liabilities: $21.18B
Current Liabilities: $21.18B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.14
Short-Term Debt: $0.00
Long-Term Debt: $372.67M
Total Debt: $372.67M
Total Equity: $2.68B
Long-Term Debt: $372.67M
Total Debt: $372.67M
Total Equity: $2.68B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$33.13
Revenue: $1.93B
Shares: 58,241,421
Shares: 58,241,421
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$46.03
Total Equity: $2.68B
Shares: 58,241,421
Shares: 58,241,421
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$7.49
Operating CF: $490.33M
CapEx: -$54.21M
Shares: 58,241,421
CapEx: -$54.21M
Shares: 58,241,421
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $97.90
Stock Price: $97.90
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $432.91M
Net Income: $432.91M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares AX against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 5, 2026 4:03am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $712.0M | $757.9M | $1.3B | $1.8B | $1.9B |
| Cost of Revenue | $102.9M | $76.3M | $398.3M | $726.7M | $743.4M |
| Gross Profit | $609.1M | $681.6M | $865.9M | $1.0B | $1.2B |
| Operating Expenses | $303.4M | $341.6M | $434.2M | $405.5M | $572.6M |
| Operating Income | $305.7M | $340.0M | $431.7M | $635.5M | $613.4M |
| Net Income | $215.7M | $240.7M | $307.2M | $450.0M | $432.9M |
| EBITDA | $336.2M | $364.6M | $455.1M | $662.6M | $642.4M |
| EPS | $3.64 | $4.04 | $5.15 | $7.82 | $7.61 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 5, 2026 4:03am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $715.6M | $1.2B | $2.2B | $2.0B | $1.9B |
| Total Current Assets | $1.3B | $1.9B | $2.9B | $2.4B | $2.4B |
| Total Assets | $14.3B | $17.5B | $20.3B | $22.9B | $24.8B |
| Current Liabilities | $11.4B | $14.5B | $17.6B | $19.7B | $21.2B |
| Long-Term Debt | $574.9M | $535.2M | $451.8M | $385.7M | $372.7M |
| Total Liabilities | $12.9B | $15.8B | $18.4B | $20.6B | $22.1B |
| Total Equity | $1.4B | $1.6B | $1.9B | $2.3B | $2.7B |
| Retained Earnings | $1.2B | $1.4B | $1.7B | $2.2B | $2.6B |
Cash Flow (Annual)
Last updated: Jul 5, 2026 4:03am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $412.6M | $216.6M | $196.7M | $305.5M | $490.3M |
| Capital Expenditure | -$10.4M | -$21.5M | -$30.2M | -$36.0M | -$54.2M |
| Free Cash Flow | $402.1M | $195.1M | $166.5M | $269.5M | $436.1M |
| Acquisitions (net) | $0 | -$54.6M | -$5.5M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$21.9M | -$14.5M | -$49.0M | -$96.3M | -$58.2M |
| Net Change in Cash | -$912.7M | $536.9M | $807.4M | -$196.3M | -$9.4M |
Analyst Estimates (Annual)
Last updated: Jul 5, 2026 4:03am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$1.2B $1.2B – $1.3B
|
$1.5B $1.4B – $1.5B
|
$1.5B $1.5B – $1.6B
|
$1.8B $1.7B – $1.8B
|
| EBITDA |
$505.2M $497.0M – $509.2M
|
$591.8M $581.2M – $604.0M
|
$621.7M $613.9M – $633.3M
|
$717.6M $704.7M – $732.5M
|
| Net Income |
$424.7M $417.3M – $432.1M
|
$492.8M $485.4M – $502.5M
|
$562.6M $555.2M – $572.2M
|
$628.2M $611.5M – $642.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 5, 2026 4:03am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +6.5% | +66.8% | +39.8% | +9.2% |
| Gross Profit Growth | +11.9% | +27.0% | +20.2% | +13.9% |
| Operating Income Growth | +11.2% | +27.0% | +47.2% | -3.5% |
| Net Income Growth | +11.6% | +27.6% | +46.5% | -3.8% |
| EBITDA Growth | +8.4% | +24.8% | +45.6% | -3.0% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-30 | Garrabrants Gregory | A-Award | 202,032.00 | $97.39 | $19.7M |
| 2026-06-30 | Garrabrants Gregory | D-Return | 108,995.00 | $97.39 | $10.6M |
| 2026-06-30 | Garrabrants Gregory | M-Exempt | 202,032.00 | $0.00 | $0 |
| 2026-06-08 | Constantine Thomas M | S-Sale | 1,994.00 | $88.55 | $176,575 |
| 2026-05-19 | Watson Michael James | S-Sale | 1,653.00 | $83.77 | $138,470 |
| 2026-05-12 | Argalas James S | G-Gift | 2,100.00 | $84.66 | $177,786 |
| 2026-05-08 | Santi Roque A | S-Sale | 500.00 | $87.77 | $43,885 |
| 2026-03-20 | Watson Michael James | M-Exempt | 983.00 | $0.00 | $0 |
| 2026-03-20 | Watson Michael James | M-Exempt | 983.00 | $82.93 | $81,520 |
| 2026-03-20 | Watson Michael James | D-Return | 491.00 | $82.93 | $40,719 |
| 2026-03-20 | Walsh Derrick | M-Exempt | 1,360.00 | $0.00 | $0 |
| 2026-03-20 | Walsh Derrick | M-Exempt | 1,360.00 | $82.93 | $112,785 |
| 2026-03-20 | Walsh Derrick | D-Return | 733.00 | $82.93 | $60,788 |
| 2026-03-20 | Tolla John Charles | M-Exempt | 1,177.00 | $82.93 | $97,609 |
| 2026-03-20 | Tolla John Charles | M-Exempt | 2,943.00 | $82.93 | $244,063 |
| 2026-03-20 | Tolla John Charles | D-Return | 1,587.00 | $82.93 | $131,610 |
| 2026-03-20 | Tolla John Charles | D-Return | 634.00 | $82.93 | $52,578 |
| 2026-03-20 | Tolla John Charles | M-Exempt | 2,943.00 | $0.00 | $0 |
| 2026-03-20 | Tolla John Charles | M-Exempt | 1,177.00 | $0.00 | $0 |
| 2026-03-20 | THIELE CANDACE L | M-Exempt | 444.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for AX — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.377 · 1648bd22 · 2026-07-04 14:36:23