Axos Financial, Inc. (AX) Balance Sheet
AX balance sheet, FY2026
June 30, 2026 · U.S. dollars$29.96B assets = $26.80B liabilities + $3.17B equity
Both columns are drawn to the same scale: what AX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AX financial health
Debt / equity0.34
Low leverage · $0.34 of debt for each $1 of equity
Cash / debt108.3%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.9%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
AX balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $8.50BFY2017 | $29.96BFY2026 | +15.0%/yr | |
| Total liabilities | $7.67BFY2017 | $26.80BFY2026 | +14.9%/yr | |
| Shareholders’ equity | $834.2MFY2017 | $3.17BFY2026 | +16.0%/yr | |
| Cash & short-term investments | $892.6MFY2017 | $1.16BFY2026 | +3.0%/yr | |
| Total debt | $714.5MFY2017 | $1.07BFY2026 | +4.6%/yr | |
| Net cash (debt) | $178.2MFY2017 | $88.8MFY2026 | −$89.4M | |
| Working capital | −$6.01BFY2017 | −$23.19BFY2026 | −$17.2B | |
| Book value per share | $12.85FY2017 | $54.75FY2026 | +17.5%/yr | |
| Debt / equity | 0.86FY2017 | 0.34FY2026 | −0.52 | |
| Shares outstanding | 64.9MFY2017 | 57.8MFY2026 | −1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AX assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
AX liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
AX debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AX balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.16B | $2.00B | $2.12B | $2.47B | $1.47B | $903.0M | $1.94B | $738.6M | $803.1M | $892.6M |
| Cash & equivalents | $1.11B | $1.93B | $1.98B | $2.23B | $1.20B | $715.6M | $1.76B | $511.1M | $622.8M | $628.2M |
| Short-term investments | $53.7M | $66.1M | $141.2M | $232.3M | $262.5M | $187.3M | $187.6M | $227.5M | $180.3M | $264.5M |
| Receivables | $478.3M | $374.3M | $287.5M | $374.1M | $417.4M | $369.8M | $220.3M | $203.2M | $26.7M | $20.8M |
| Inventory | $0 | $0 | −$2.22B | −$2.90B | −$2.39B | −$2.04B | −$2.40B | −$1.21B | $9.6M | $1.4M |
| Other current assets | $199.2M | $0 | $2.22B | $2.90B | $2.39B | $2.04B | $2.40B | $1.21B | $0 | $0 |
| Total current assets | $1.84B | $2.37B | $2.41B | $2.84B | $1.88B | $1.27B | $2.16B | $941.8M | $803.1M | $913.4M |
| Property, plant & equipment (net) | $195.6M | $0 | $132.6M | $116.9M | $105.4M | $90.4M | $103.6M | $33.2M | $21.5M | $16.7M |
| Goodwill & intangible assets | $275.0M | $161.7M | $170.7M | $177.6M | $181.6M | $133.9M | $136.1M | $144.7M | $78.5M | $7.2M |
| Long-term investments | $53.7M | $66.1M | $142.0M | $233.1M | $264.3M | $189.3M | $187.7M | $9.64B | $8.43B | $7.38B |
| Other non-current assets | $27.60B | $22.18B | $20.00B | $16.98B | $15.02B | $12.58B | $11.26B | $457.7M | $204.2M | $181.6M |
| Total assets | $29.96B | $24.78B | $22.86B | $20.35B | $17.46B | $14.27B | $13.85B | $11.22B | $9.54B | $8.50B |
| Liabilities | ||||||||||
| Accounts payable | $365.8M | $350.6M | $301.1M | $696.6M | $511.7M | $745.0M | $347.6M | $338.2M | $82.1M | $1.3M |
| Short-term debt | $94.0M | — | $30.0M | $206.0M | $27.5M | $974.5M | $152.0M | $484.4M | $229.5M | $20.0M |
| Deferred revenue | — | — | — | $490.6M | −$27.5M | −$229.6M | — | −$146.1M | −$147.4M | −$231.5M |
| Total current liabilities | $25.03B | $21.18B | $19.69B | $696.6M | $14.49B | $745.0M | $11.84B | $338.2M | $7.99B | $6.92B |
| Long-term debt | $979.6M | $312.7M | $325.7M | $361.8M | $445.2M | $221.4M | $235.8M | $168.9M | $54.6M | $54.5M |
| Other long-term liabilities | $790.7M | $609.6M | $548.7M | $90.0M | $827.4M | $353.5M | $549.0M | $458.5M | $539.1M | $692.2M |
| Total liabilities | $26.80B | $22.10B | $20.56B | $18.43B | $15.81B | $12.86B | $12.62B | $10.15B | $8.58B | $7.67B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $719,000 | $711,000 | $702,000 | $695,000 | $689,000 | $681,000 | $673,000 | $666,000 | $658,000 | $651,000 |
| Retained earnings (deficit) | $3.11B | $2.62B | $2.19B | $1.74B | $1.43B | $1.19B | $1.01B | $826.2M | $671.3M | $519.2M |
| Treasury stock | — | — | — | — | — | −$222.5M | −$195.1M | −$148.8M | −$82.5M | −$37.3M |
| Accumulated other comprehensive income | $3.9M | $348,000 | −$2.5M | −$6.6M | −$2.9M | $2.5M | −$937,000 | $16,000 | −$613,000 | $487,000 |
| Minority interest | — | — | — | — | — | — | — | — | — | $0 |
| Total shareholders' equity | $3.17B | $2.68B | $2.29B | $1.92B | $1.64B | $1.40B | $1.23B | $1.07B | $960.5M | $834.2M |
| Key figures | ||||||||||
| Total debt | $1.07B | $372.7M | $415.7M | $567.8M | $562.7M | $1.20B | $478.3M | $653.3M | $511.6M | $714.5M |
| Net cash (debt) | $88.8M | $1.63B | $1.71B | $1.90B | $902.4M | −$292.9M | $1.47B | $85.4M | $291.5M | $178.2M |
| Working capital | −$23.19B | −$18.81B | −$17.28B | $2.14B | −$12.60B | $527.8M | −$9.67B | $603.6M | −$7.18B | −$6.01B |
| Tangible book value | $2.89B | $2.52B | $2.12B | $1.74B | $1.46B | $1.27B | $1.09B | $928.4M | $882.0M | $827.0M |
| Book value per share | $54.75 | $46.03 | $39.00 | $31.65 | $27.11 | $23.15 | $20.03 | $17.20 | $14.97 | $12.85 |
| Shares outstanding | 57.8M | 58.2M | 58.7M | 60.6M | 60.6M | 60.5M | 61.4M | 62.4M | 64.1M | 64.9M |
| Current ratio | 0.07 | 0.11 | 0.12 | 4.08 | 0.13 | 1.71 | 0.18 | 2.78 | 0.10 | 0.13 |
| Quick ratio | 0.07 | 0.11 | 0.12 | 4.08 | 0.13 | 1.71 | 0.18 | 2.78 | 0.10 | 0.13 |
| Debt / equity | 0.34 | 0.14 | 0.18 | 0.30 | 0.34 | 0.85 | 0.39 | 0.61 | 0.53 | 0.86 |
| Equity / assets | 10.6% | 10.8% | 10.0% | 9.4% | 9.4% | 9.8% | 8.9% | 9.6% | 10.1% | 9.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.16B | $1.57B | $1.07B | $2.62B | $2.00B | $2.08B | $2.54B | $2.71B | $2.12B | $2.34B | $1.81B | $2.16B |
| Cash & equivalents | $1.11B | $1.17B | $1.01B | $2.56B | $1.93B | $2.00B | $2.44B | $2.57B | $1.98B | $2.13B | $1.57B | $2.16B |
| Short-term investments | $53.7M | $401.3M | $61.4M | $57.7M | $66.1M | $79.6M | $97.4M | $138.0M | $141.2M | $207.6M | $239.8M | $236.7M |
| Receivables | $478.3M | $466.7M | $386.4M | $445.6M | $374.3M | $392.8M | $413.6M | $262.8M | $287.5M | $292.6M | $265.9M | $285.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $249.8M | −$2.63B | −$2.45B | −$3.08B |
| Other current assets | $199.2M | $183.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.63B | $2.45B | $2.80B |
| Total current assets | $1.84B | $2.22B | $1.46B | $3.06B | $2.37B | $2.47B | $2.95B | $2.97B | $2.41B | $2.63B | $2.07B | $2.16B |
| Property, plant & equipment (net) | $195.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $132.6M | $0 | $0 | $0 |
| Goodwill & intangible assets | $275.0M | $237.3M | $221.6M | $232.0M | $161.7M | $163.6M | $165.6M | $166.6M | $170.7M | $172.5M | $174.8M | $178.9M |
| Long-term investments | $53.7M | $401.3M | $61.4M | $57.7M | $66.1M | $79.6M | $98.1M | $138.6M | $142.0M | $208.2M | $240.1M | $237.4M |
| Other non-current assets | $27.60B | $26.39B | $26.46B | $24.08B | $22.18B | $21.26B | $20.50B | $20.29B | $20.00B | $19.63B | $19.13B | $18.25B |
| Total assets | $29.96B | $29.25B | $28.20B | $27.43B | $24.78B | $23.98B | $23.71B | $23.57B | $22.86B | $22.64B | $21.62B | $20.83B |
| Liabilities | ||||||||||||
| Accounts payable | $365.8M | $338.6M | $358.7M | $385.8M | $350.6M | $314.4M | $309.6M | $316.0M | $301.1M | $387.2M | $368.9M | $629.1M |
| Short-term debt | $94.0M | $1.75B | — | $987.0M | $160.7M | $111.1M | $135.3M | $95.9M | $30.0M | $132.4M | $167.8M | $128.1M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | $587.2M | $501.0M |
| Total current liabilities | $25.03B | $24.47B | $23.59B | $22.65B | $21.18B | $20.45B | $20.24B | $20.29B | $19.69B | $19.49B | $18.57B | $629.1M |
| Long-term debt | $979.6M | $1.07B | $1.06B | $1.29B | $312.7M | $377.4M | $358.7M | $313.5M | $385.7M | $420.4M | $431.1M | $447.7M |
| Other long-term liabilities | $790.7M | $639.6M | $623.5M | $695.6M | $609.6M | $548.7M | $584.3M | $560.5M | $488.7M | $534.7M | $541.7M | $90.0M |
| Total liabilities | $26.80B | $26.18B | $25.27B | $24.64B | $22.10B | $21.38B | $21.19B | $21.16B | $20.56B | $20.45B | $19.55B | $18.85B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $719,000 | $717,000 | $714,000 | $714,000 | $711,000 | $708,000 | $706,000 | $706,000 | $702,000 | $700,000 | $698,000 | $698,000 |
| Retained earnings (deficit) | $3.11B | $2.98B | $2.86B | $2.73B | $2.62B | $2.51B | $2.40B | $2.30B | $2.19B | $2.08B | $1.97B | $1.82B |
| Accumulated other comprehensive income | $3.9M | $4.5M | $1.9M | $64,000 | $348,000 | $1.1M | $3.0M | −$765,000 | −$2.5M | −$3.1M | −$3.9M | −$6.4M |
| Total shareholders' equity | $3.17B | $3.07B | $2.93B | $2.79B | $2.68B | $2.60B | $2.52B | $2.41B | $2.29B | $2.20B | $2.08B | $1.98B |
| Key figures | ||||||||||||
| Total debt | $1.07B | $2.82B | $1.12B | $1.35B | $372.7M | $437.4M | $418.7M | $403.5M | $415.7M | $420.4M | $431.1M | $575.8M |
| Net cash (debt) | $88.8M | −$1.25B | −$44.9M | $1.27B | $1.63B | $1.64B | $2.12B | $2.30B | $1.71B | $1.92B | $1.38B | $1.59B |
| Working capital | −$23.19B | −$22.25B | −$22.13B | −$19.59B | −$18.81B | −$17.98B | −$17.30B | −$17.32B | −$17.28B | −$16.86B | −$16.50B | $1.53B |
| Tangible book value | $2.89B | $2.83B | $2.71B | $2.56B | $2.52B | $2.44B | $2.36B | $2.24B | $2.12B | $2.02B | $1.90B | $1.80B |
| Book value per share | $54.84 | $53.05 | $50.31 | $47.96 | $46.57 | $44.72 | $43.31 | $41.36 | $39.38 | $37.84 | $35.87 | $33.04 |
| Shares outstanding | 57.7M | 57.8M | 58.2M | 58.2M | 57.6M | 58.2M | 58.2M | 58.2M | 58.2M | 58.0M | 57.9M | 59.8M |
| Current ratio | 0.07 | 0.09 | 0.06 | 0.14 | 0.11 | 0.12 | 0.15 | 0.15 | 0.12 | 0.13 | 0.11 | 3.44 |
| Quick ratio | 0.07 | 0.08 | 0.06 | 0.14 | 0.11 | 0.12 | 0.15 | 0.15 | 0.12 | 0.13 | 0.11 | 3.89 |
| Debt / equity | 0.34 | 0.92 | 0.38 | 0.48 | 0.14 | 0.17 | 0.17 | 0.17 | 0.18 | 0.19 | 0.21 | 0.29 |
| Equity / assets | 10.6% | 10.5% | 10.4% | 10.2% | 10.8% | 10.9% | 10.6% | 10.2% | 10.0% | 9.7% | 9.6% | 9.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 20, 2026); data from EODHD.
AX financial position
At the end of fiscal 2026 (June 30, 2026), Axos Financial had total assets of $30.0 billion (up 20.9% from a year earlier), total liabilities of $26.8 billion and shareholders' equity of $3.2 billion. It held $1.2 billion in cash and short-term investments against $1.1 billion of debt, a net cash position of $88.8 million. Its current ratio was 0.07.
Related: AX income statement, AX cash flow statement, AX key metrics. See the AX stock overview for the latest quote and news.
AX balance sheet FAQ
What are Axos Financial's total assets?
Axos Financial reported total assets of $30.0 billion at the end of fiscal 2026 (June 30, 2026), compared with $24.8 billion a year earlier.
How much debt does Axos Financial have?
Axos Financial had $1.1 billion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.34.
How much cash does Axos Financial have?
Axos Financial held $1.2 billion in cash and short-term investments at the end of fiscal 2026; with $1.1 billion of debt that is net cash of $88.8 million.
What is Axos Financial's book value?
Axos Financial's shareholders' equity (book value) was $3.2 billion at the end of fiscal 2026, or $54.75 per share.
What is Axos Financial's current ratio?
Axos Financial had current assets of $1.8 billion and current liabilities of $25.0 billion, a current ratio of 0.07 (current liabilities exceed current assets).
How much goodwill does Axos Financial have?
Axos Financial carried $275.0 million of goodwill and intangible assets, 0.9% of total assets, at the end of fiscal 2026.