{
  "url": "https://struct.news/briefs/axos-grew-net-income-13-but-capex-jumped-392",
  "title": "Axos grew net income 13%, but capex jumped 392%",
  "summary": "Capex rose 391.5% as Axos ended the year with $1.1B of cash, down from $1.9B.",
  "published_at": "2026-08-20T20:09:44.641641+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Axos Financial, Inc.",
    "ticker": "AX",
    "cik": "1299709",
    "sector": "Financial Services",
    "industry": "Banks - Regional"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-20",
    "accession": "0001299709-26-000060",
    "url": "https://www.sec.gov/Archives/edgar/data/1299709/000129970926000060/ax-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-21",
    "url": "https://www.sec.gov/Archives/edgar/data/1299709/000129970925000125/ax-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 65789000,
      "display": "$65.8M",
      "unit": "usd",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001299709-26-000060",
        "filing_date": "2026-08-20"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 1.775962624340588,
      "display": "+1.8%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001299709-26-000060",
        "filing_date": "2026-08-20"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Net margin",
      "value": 658.0248977792639,
      "display": "+658.0%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001299709-26-000060",
        "filing_date": "2026-08-20"
      }
    }
  ],
  "watch_next": [
    {
      "type": "m_and_a",
      "statement": "The Verdant acquisition is associated with higher depreciation, servicing expense, salaries and related costs.",
      "importance": "medium",
      "evidence": "The increase in non-interest expense was primarily driven by higher depreciation and amortization expense, mainly as a result of the Verdant acquisition, and an increase in salaries and related costs, including the impact of the Verdant acquisition.",
      "source_date": "2026-08-20"
    },
    {
      "type": "litigation",
      "statement": "Axos recorded a FINRA arbitration accrual and a current-year accrual related to its COR Securities acquisition matter.",
      "importance": "medium",
      "evidence": "$42.8 million in general and administrative expense reflecting a $21.0 million accrual related to a FINRA arbitration matter, a $7.0 million accrual in the current year for developments in a matter related to the Company’s acquisition of COR Securities in fiscal year 2019",
      "source_date": "2026-08-20"
    },
    {
      "type": "labor_costs",
      "statement": "Salaries and related costs rose with increased headcount and salaries, including the Verdant acquisition's impact.",
      "importance": "medium",
      "evidence": "$25.1 million in salaries and related costs primarily due to increased headcount and salaries, including the impact of the Verdant acquisition.",
      "source_date": "2026-08-20"
    },
    {
      "type": "interest_rates",
      "statement": "Lower rates paid on demand and savings deposits partly offset increases in the expense base.",
      "importance": "medium",
      "evidence": "These increases were partially offset by a decrease in interest expense on demand and savings deposits driven by lower rates paid.",
      "source_date": "2026-08-20"
    }
  ],
  "related_tickers": [
    "AX"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}