Company: AX
Filing Date: 2025-01-28
Form Type: 424B5
Source: 0001299709-25-000009
Chunk: 1

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 424B5
Chunk 1
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 Distribution Agents will be deemed to be “underwriters” within the meaning of the Securities Act, and the compensation of the Distribution Agents will be deemed to be underwriting commissions or discounts. We also have agreed to provide indemnification and contribution to the Distribution Agents under the Equity Distribution Agreement with respect to certain liabilities, including liabilities under the Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have also agreed to reimburse the Distribution Agents for certain expenses in certain circumstances. See “Plan of Distribution” for further information.

Investing in our common stock involves risks. Before making any decision to invest in our common stock, you should carefully consider the risks and uncertainties referenced under the heading “Risk Factors” beginning on page S-5 of this prospectus supplement, and in the documents incorporated by reference herein, including our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as well as the other information contained or incorporated by reference in this prospectus supplement and the accompanying prospectus.

Our common stock is listed on the NYSE under the symbol “AX.” The last reported sale price of our common stock as reported on the NYSE on January 27, 2025 was $72.50 per share.

None of the Securities and Exchange Commission (the “SEC”), the Office of the Comptroller of Currency (the “OCC”), the Federal Deposit Insurance Corporation (“FDIC”), the Board of Governors of the Federal Reserve System (“Federal Reserve Board”) or any state securities commission or any other federal or state bank regulatory agency has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.

The securities offered by this prospectus supplement and accompanying prospectus are not savings accounts, deposits or other obligations of any bank and are not insured or guaranteed by the FDIC or any other government agency.

| Keefe, Bruyette & Woods 
 A Stifel Company        |     | Raymond James |

<div align='center'>The date of this prospectus supplement is January 28, 2025.</div>

### TABLE OF CONTENTS PROSPECTUS SUPPLEMENT
|                                                           |     | Page |
| ABOUT THIS PROSPECTUS SUPPLEMENT                          |     | S-1  |
| INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE           |     | S-2  |
| PROSPECTUS SUPPLEMENT SUMMARY