15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 19.7% per year over the past 5 years.
Net income has grown slower than revenue (18.7% vs 19.7% per year).
Free cash flow has grown 9.9% per year over the past 5 years.
Financial health
The company holds more cash ($1.9B) than total debt ($313M).
Total debt has grown slower than revenue (5.8% vs 19.7% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$66M
$433M
0.0%
0.0%
$436M
$313M
$1.9B
2024
$65M
$450M
0.0%
0.0%
$270M
$326M
$2.0B
2023
$65M
$307M
0.0%
0.0%
$166M
$362M
$2.2B
2022
$59M
$241M
0.0%
0.0%
$195M
$445M
$1.6B
2021
$31M
$216M
0.0%
0.0%
$402M
$221M
$1.0B
2020
$27M
$183M
0.0%
0.0%
$272M
$236M
—
2019
$28M
$155M
0.0%
0.0%
$184M
$169M
—
2018
$9M
$152M
0.0%
0.0%
$156M
$55M
$623M
2017
—
$135M
—
—
$190M
—
$644M
2016
—
$119M
—
—
$157M
—
$487M
2015
—
$83M
—
—
$111M
—
$223M
2014
—
$56M
—
—
$18M
—
$156M
2013
—
$40M
—
—
$12M
—
$202M
2012
—
$29M
—
—
-$59M
—
$35M
2011
—
$21M
—
—
$965000
—
$9M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
—
$125M
—
—
-$101M
—
$1.2B
Dec '25
—
$128M
—
—
$85M
—
$1.0B
Sep '25
—
$112M
—
—
$109M
—
$2.6B
Jun '25
—
$111M
—
—
$162M
$313M
$1.9B
Mar '25
—
$105M
—
—
$65M
$377M
$2.0B
Dec '24
—
$105M
—
—
$156M
$359M
$2.4B
Sep '24
—
$112M
—
—
$53M
$314M
$2.6B
Jun '24
—
$105M
—
—
$26M
$326M
$2.0B
Mar '24
—
$111M
—
—
$107M
$330M
$2.1B
Dec '23
—
$152M
—
—
$108M
$341M
$1.8B
Sep '23
—
$83M
—
—
$28M
$448M
$2.4B
Jun '23
—
$87M
—
—
$67M
$362M
$2.2B
Mar '23
—
$80M
—
—
-$64M
$334M
$2.5B
Dec '22
—
$82M
—
—
$100M
$334M
$2.0B
Sep '22
—
$58M
—
—
$63M
$426M
$1.7B
Jun '22
—
$58M
—
—
$131M
$445M
$1.6B
Mar '22
—
$62M
—
—
$139M
$382M
$1.2B
Dec '21
—
$61M
—
—
$52M
$260M
—
Sep '21
—
$60M
—
—
-$133M
$256M
—
Jun '21
—
$54M
—
—
$98M
$221M
$1.0B
Valuation over time
How the market has priced AX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 8.7× (Mar '23) to 12.5× (Jun '26).
The price-to-sales ratio has risen from 35.4× (Mar '23) to 82.3× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is AX growing its revenue and profit?
Over the past 5 years, Axos Financial, Inc.'s revenue has grown 19.7% per year, and net income grown 18.7% per year. These are computed facts, not advice.
How much debt does AX have?
As of FY2025, Axos Financial, Inc. reported $313M of total debt against $1.9B of cash.
What is AX's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 658.0%.
What is AX's P/E ratio?
As of Jun '26, Axos Financial, Inc. traded at a price-to-earnings ratio of about 12.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.