Company: AX
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001299709-25-000125
Chunk: 73

Company: Axos Financial, Inc.
Filing Date: 2025-08-21
Form: 10-K
Item: Item 8
Chunk 73
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 of Significant Accounting PoliciesF-92. AcquisitionsF-183. Fair ValueF-184. Available-for-Sale SecuritiesF-245. Loans & Allowance for Credit LossesF-266. DerivativesF-327. Offsetting of Securities Financing AgreementsF-338. Customer, Broker-Dealer Clearing Receivables & PayablesF-349. Other AssetsF-3410. Goodwill and Intangible AssetsF-3711. DepositsF-3812. Advances from the Federal Home Loan BankF-3813. Borrowings, Subordinated Notes and DebenturesF-3914. Income TaxesF-4115. Stockholder’s EquityF-4316. Stock-Based CompensationF-4417. Earnings Per Common ShareF-4618. Commitments, Contingencies, and Off-Balance-Sheet ActivitiesF-4619. Regulatory Capital RequirementsF-4720. Employee Benefit PlanF-4921. Parent-Only Condensed Financial InformationF-5022. Segment ReportingF-51

Report of Independent Registered Public Accounting Firm

Stockholders and Board of Directors

Axos Financial, Inc.

Las Vegas, Nevada

Opinion on the Consolidated Financial Statements 

We have audited the accompanying consolidated balance sheets of Axos Financial, Inc. (the “Company”) as of June 30, 2025 and 2024, the related consolidated statements of income, comprehensive income, stockholders’ equity, and cash flows for each of the three years in the period ended June 30, 2025, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at June 30, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended June 30, 2025, in conformity with accounting principles generally accepted in the United States of America.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of June 30, 2025, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and our report dated August 21, 2025 expressed an unqualified opinion there