Company: AX
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001299709-25-000159
Chunk: 27

Company: Axos Financial, Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 27
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 if any, to, but excluding, the redemption date, subject to regulatory approval to the extent such regulatory approval is then required.

We submitted a conditional notice of redemption of all of the outstanding 2030 Notes to the trustee of the 2030 Notes, which the trustee provided to the holders in accordance with the terms of the indenture and indenture supplement for the 2030 Notes on August 29, 2025 (the “2020 Note Redemption Notice”), conditioned in part on the raising of sufficient funds (including, without limitation, through the sale of the Notes described in this prospectus supplement) to pay the redemption price for the 2030 Notes. Nothing contained in this prospectus supplement constitutes a notice of redemption of the 2030 Notes, and this prospectus supplement is not an offer to purchase or a solicitation of an offer to sell the 2030 Notes.

Should we not meet the condition set forth in the 2020 Note Redemption Notice or otherwise waive the condition (which we can do at our sole discretion), we will not redeem the 2030 Notes on October 1, 2025. If so, we may redeem the 2030 Notes at a later date.

### CAPITALIZATION
The following table sets forth our consolidated capitalization as of June 30, 2025:

• On an actual basis;

• As adjusted to give effect to the sale of $200,000,000 aggregate principal amount of Notes pursuant to this offering; and

• As further adjusted to give effect to the sale of $200,000,000 aggregate principal amount of Notes pursuant to this offering and the redemption of all of our 2030 Notes.

This information should be read together with our consolidated financial statements and other financial information set forth in the 2025 Form 10-K , and incorporated by reference in this prospectus supplement and the accompanying prospectus.

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|                                        |     | As of June 30, 2025 |     |           |     |           |           |           |                  |           |           |
|:---------------------------------------|:----|--------------------:|:----|----------:|:----|----------:|----------:|----------:|-----------------:|----------:|----------:|
| (unaudited, $ in thousands)            |     |              Actual |     |           |     |        As 
  Adjusted |           |           |               As 
 Further Adjusted |           |           |
| Cash