Axos Financial, Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
AX$92.17-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (unaudited)
| AXOS FINANCIAL, INC. | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (Unaudited) | ||
| Three Months Ended | ||
| September 30, | ||
| (Dollars in thousands) | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $129,648 | $112,352 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 29,167 | 8,341 |
| Other accretion and amortization | (14,068) | (21,699) |
| Stock-based compensation expense | 11,196 | 10,826 |
| Trading activity | 259 | 116 |
| Provision for credit losses | 24,500 | 17,255 |
| Deferred income taxes | 7,167 | 38,919 |
| Origination of loans held for sale | (47,342) | (47,122) |
| Other unrealized and realized gains and losses | (7,092) | (783) |
| Proceeds from sale of loans held for sale | 49,674 | 44,922 |
| Change in the fair value of servicing rights | (583) | 1,207 |
| Net change in assets and liabilities which provide (use) cash: | ||
| Securities borrowed | (27,369) | (43,122) |
| Customer, broker-dealer and clearing receivables | 27,528 | (10,375) |
| Other assets | 47,235 | (52,699) |
| Securities loaned | 43,773 | 65,194 |
| Customer, broker-dealer and clearing payables | 21,000 | 35,215 |
| Accounts payable and other liabilities | 204 | (40,114) |
| Net cash provided by operating activities | 294,897 | 118,433 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from sale and repayment of available-for-sale securities | 1,842 | 8,569 |
| Purchase of stock of regulatory agencies | (57,759) | — |
| Proceeds from redemption of stock of regulatory agencies | 57,773 | — |
| Net change in loans held for investment at amortized cost and at fair value | (363,614) | (637,164) |
| Proceeds from sale of loans originally classified as held for investment | 25,276 | 82,304 |
| Proceeds from sale of other real estate owned and repossessed assets | 467 | 260 |
| Acquisition of business, net of cash acquired | (7,455) | (474,448) |
| Purchases of premises, furniture, equipment, software and intangibles | (59,445) | (9,149) |
| Purchases of other investments | (1,895) | (3,826) |
| Distributions received from other investments | — | 75 |
| Net cash used in investing activities | (404,810) | (1,033,379) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Net increase in deposits | 847,805 | 1,435,210 |
| Net (repayment) proceeds of Federal Home Loan Bank other advances | (94,000) | — |
| Payments related to settlement of restricted stock units | (7,156) | (8,473) |
| Purchase of treasury stock | (4,003) | — |
| Repayment of secured financings | (63,912) | — |
| Payment of debt issuance costs | — | (2,550) |
| Proceeds from issuance of subordinated notes | — | 200,000 |
| Net cash provided by financing activities | 678,734 | 1,624,187 |
| AXOS FINANCIAL, INC. | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (Unaudited) | ||
| Three Months Ended | ||
| September 30, | ||
| (Dollars in thousands) | 2026 | 2025 |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 568,821 | 709,241 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year | $1,307,802 | $2,176,354 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period | $1,876,623 | $2,885,595 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Interest paid on interest-bearing liabilities | 180,881 | 173,499 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES: | ||
| Transfers to other real estate and repossessed vehicles from loans held for investment | 1,125 | 493 |
| Transfers from loans held for investment to loans held for sale | 25,274 | 82,279 |
| Transfers from loans held for sale to loans held for investment | — | 537 |
| Equity instruments received | 8,700 | — |
| Operating lease liabilities from obtaining right of use assets | 112 | — |
| Non-cash Contingent Consideration | — | 30,810 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.