Short answer
Axos Financial, Inc. (AX) filed its Q4 2025 10-Q quarterly report on Jan 29, 2026 for the quarter ended Dec 31, 2025. Quarterly revenue was $514M (up 12.7% year over year) with net income of $128M.
Q4 2025 key financials · XBRL
- Revenue
- $514M
- +12.7% YoY · +10.3% QoQ
- Net income
- $128M
- +22.6% YoY · +14.3% QoQ
- EPS (diluted)
- $2.23
- +24.6% YoY · +14.9% QoQ
Source: XBRL data from the Axos Financial, Inc. (AX) Q4 2025 10-Q on SEC EDGAR. USD.
Axos Financial, Inc. Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $385.1M, up 34.4% YoY ($287.9M in Q4 2024, calculated from net interest + non-interest income)
- Net interest income $331.7M (+18.4% YoY); net interest margin 4.94% vs 4.83% YoY; banking segment income before tax $186.8M vs $152.9M YoY
- Banking Segment best performer: net interest income up 18.7% YoY; Securities Segment best non-interest income $30.2M up 4.1% YoY; non-interest expense increased 27% to $184.6M
- Cash: Total deposits $23.2B (+16.5% YoY); secured financings $691.5M new; stockholders' equity $2.93B (+16.1% YoY)
- Outlook: Provision for credit losses rose to $25M from $12.2M YoY, reflecting loan growth and macroeconomic factors; effective tax rate declined to 26.8% from 30.4% due to tax law changes
Risk Factors
- New acquisition risk: $1.0B loans and leases acquired from Verdant Commercial Capital on Sept 30, 2025, including $211M Purchased Credit Deteriorated (PCD) assets
- Updated operational risk: expanded equipment leasing business increasing asset base by $212.6M in operating leases from Verdant acquisition
- Compliance risk: Bank subject to direct CFPB supervision as depository with over $10B assets, increasing regulatory scrutiny
- Market risk: competitive pressures in digital banking and securities services could impact client acquisition and fee income growth
- Financial risk: $28.2B total assets with risk concentration from $1.0B newly acquired loan portfolio requiring proactive credit risk management
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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