Axos Financial, Inc.
For the period ended Jun 30, 2026. Filed Aug 20, 2026.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
10. Goodwill and Intangible Assets
- GOODWILL AND INTANGIBLE ASSETS
The following table summarizes the activity in the Company’s goodwill balance as of the dates indicated:
| (Dollars in thousands) | Total |
|---|---|
| Balance as of June 30, 2024 | $97,673 |
| Goodwill from acquisitions | — |
| Balance as of June 30, 2025 | 97,673 |
| Goodwill from acquisitions | 46,657 |
| Balance as of June 30, 2026 | $144,330 |
There wasno goodwill impairment identified for the fiscal years ended June 30, 2026 and June 30, 2025.
The Company’s acquired intangible assets are summarized as follows as of the dates indicated:
| June 30, 2026 | June 30, 2025 | |||||
|---|---|---|---|---|---|---|
| (Dollars in thousands) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount |
| Covenant not to compete | $1,387 | $1,387 | $— | $1,387 | $1,369 | $18 |
| Customer relationships | 50,810 | 25,373 | 25,437 | 50,810 | 21,913 | 28,897 |
| Customer deposit intangible | 57,636 | 14,928 | 42,708 | 13,545 | 11,657 | 1,888 |
| Developed technologies | 39,750 | 32,381 | 7,369 | 34,650 | 29,414 | 5,236 |
| Real estate lease-related intangible assets | 17,977 | 1,700 | 16,277 | — | — | — |
| Vendor relationships | 11,283 | 980 | 10,303 | — | — | — |
| Trademark | 518 | — | 518 | 518 | — | 518 |
| Trade name | 3,550 | 1,175 | 2,375 | 950 | 710 | 240 |
| Workforce | 206 | 206 | — | 206 | 174 | 32 |
| Total intangible assets | $183,117 | $78,130 | $104,987 | $102,066 | $65,237 | $36,829 |
The amortization of intangible assets that are subject to amortization was $12.9 million and $7.4 million for the fiscal years ended June 30, 2026 and 2025, respectively. Each intangible asset subject to amortization is amortized using the straight-line method over the estimated useful life of the asset. Trademark is an indefinite life intangible.
Estimated future amortization related to finite-lived intangible assets at June 30, 2026 is as follows:
| (Dollars in thousands) | Amortization Expense |
|---|---|
| For the fiscal year ending June 30, | |
| 2027 | $27,623 |
| 2028 | 23,694 |
| 2029 | 17,429 |
| 2030 | 13,054 |
| 2031 | 6,617 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.