“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.”10-K · Aug 20, 2026 ↗
Axos Financial, Inc.
AX
Market read
Axos Financial, Inc.'s move is spreading beyond its market group.
No new filing conclusion is available. 3 of 7 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.
- At least 5 of 7 durable members become active together.
- Capital-flow agreement rises above 55%.
- AXS remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 2 of 7 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 3 of 7 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- At least 5 of 7 durable members become active together.
- Capital-flow agreement rises above 55%.
- AXS remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +23.5% year over year.
- Operating cash flow covered net income at 1.14x in the latest annual period.
- Macroeconomic conditions has repeated favorable evidence across 3 filings.
- Net margin changed -54.5 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Demand and volume has repeated adverse evidence across 5 filings.
- P/E is 17% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 256% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
93.82Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“These increases were partially offset by a decrease in interest expense on demand and savings deposits.”10-K · Aug 20, 2026 ↗
“Additionally, the results of the quantitative assessment are impacted by the third-party macroeconomic forecasts across various economic scenarios.”10-K · Aug 20, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 65.4× · EV/sales 56.0×. Comparisons use only industry-matched filing peers.
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:05 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for AX. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for AX. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind AX
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
RILYBRC Group Holdings, Inc.partnerMar 31, 2026 ▾
“In light of the significant factual issues to be resolved with respect to the asserted claims and other proceedings described above and uncertainties regarding unasserted claims described above, at the present time reasonably possible losses cannot be estimat…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
AX is currently a Leader in the organic co-movement group Banks and Insurers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.