Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 26

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 issuance of subordinated notes200,000 — Net cash provided by financing activities1,624,187 592,833 NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH709,241 618,080 CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year$2,176,354 $2,185,776 CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period$2,885,595 $2,803,856 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Interest paid on interest-bearing liabilities173,499 192,306 Income taxes paid79,736 40,158 Transfers to other real estate and repossessed vehicles from loans held for investment493 585 Transfers from loans held for investment to loans held for sale82,279 28,140 Transfers from loans held for sale to loans held for investment537 — Operating lease liabilities from obtaining right of use assets— 212 Non-cash Contingent Consideration30,810 — 

See accompanying notes to the condensed consolidated financial statements.

5

AXOS FINANCIAL, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024

(Unaudited)

 1.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of PresentationThe condensed consolidated financial statements include the accounts of Axos Financial, Inc. and its wholly owned subsidiaries (“Axos” or the “Company”). Axos Bank (the “Bank”), its wholly owned subsidiaries, the activities of three lending-related trust entities and certain other lending activity constitute the Banking Business Segment, and Axos Securities, LLC and its wholly owned subsidiaries constitute the Securities Business Segment. All significant intercompany balances and transactions have been eliminated in consolidation. The Notes to the Condensed Consolidated Financial Statements are an integral part of the Company’s financial statements. On December 7, 2023, the Company acquired from the Federal Deposit Insurance Corporation (“FDIC”) two loan portfolios with an aggregate unpaid principal balance of $1.3 billion at a 37% discount to par. For additional information on the “FDIC Loan Purchase,” see Note 2—“Acquisitions” in the Company