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AX Financials Axos Financial, Inc.

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
$0 $225M $450M 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 863% 1725% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$59M $189M $436M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $1B $2B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$3B $160M $3B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 6.5 13.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 42.8 85.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.