Company: AX
Filing Date: 2025-01-28
Form Type: 424B5
Source: 0001299709-25-000009
Chunk: 7

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 424B5
Chunk 7
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 of common stock outstanding following the offering will vary depending on the sales price and the number of shares sold in this offering.                           |
| Manner of offering                                                |     | “At the market” offering that may be made from time to time through the Distribution Agents using commercially reasonable efforts. See “Plan of Distribution.”                                                                                                                                                                                                                                            |
| Use of Proceeds                                                   |     | We intend to use the net proceeds from the sale of the securities under this prospectus supplement for general corporate purposes, possible future acquisitions and growth opportunities, and repayments or repurchases of debt. Pending such uses, we may temporarily invest the proceeds or use them to reduce short-term indebtedness. See “Use of Proceeds” on page S-8of this prospectus supplement. |
| New York Stock Exchange symbol                                    |     | AX                                                                                                                                                                                                                                                                                                                                                                                                        |
| Risk Factors                                                      |     | This investment involves risks. See “Risk Factors” beginning on page S-5of this prospectus supplement for a discussion of factors you should carefully consider before deciding to invest in our common stock.                                                                                                                                                                                            |

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### RISK FACTORS
Investing in our securities involves various risks that may adversely affect their value. Before making an investment decision, you should carefully consider the specific risks discussed or incorporated by reference in this prospectus supplement and accompanying prospectus, together with all the other information contained or incorporated by reference in this prospectus supplement and the accompanying prospectus. You should also consider the risks, uncertainties and assumptions discussed under the caption “Item 1A. Risk Factors,” in Part I of our most recent Annual Report on Form 10-K, which is incorporated by reference in this prospectus supplement and the accompanying prospectus. Such discussion may be amended, supplemented or superseded from time to time by other reports we file with the SEC in the future. Additional risks and uncertainties not presently known to us or that we currently deem insignificant or remote also may adversely affect our business, financial condition and results of operations, perhaps materially. See “Cautionary Statement Regarding Forward-Looking Statements.”

Risks Relating to Our Common Stock and This Offering

The market price of our common stock may be volatile.

Stock price volatility may make it more difficult for our stockholders to resell their common stock when desired. Our common stock price may fluctuate significantly due to a variety of factors that include the following:

• actual or expected variations in quarterly results of operations;

• recommendations by securities analysts;

• operating and