AXAxos Financial, Inc.
Savings Institution, Federally Chartered
- Revenue
- $81M
- 24% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $5.1B
- Employees
- 2,191
- $37K revenue each
- Net debt / EBITDA
- —
- −$1.3B net debt
- AI in 10-K
- 2.6
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 2 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$12M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo114% of net incomeCash flow under 80% of net income
- Dilutive SBCYes54% of revenueOver 10% of revenue
- Payouts exceed cash flowNo4% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentYes59% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$37K · 39th pctBottom quartile of its SIC industry
- Quiet on AINo2.6 per 10K words · 64th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$5.1B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$7M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $59M | $65M | $65M | $66M | $81M | 24% |
| Net income | $241M | $307M | $450M | $433M | $490M | 13% |
| Operating cash flow | $217M | $197M | $305M | $490M | $558M | 14% |
| Capex | $22M | $30M | $36M | $54M | $266M | 391% |
| Stock-based comp | $21M | $26M | $35M | $42M | $44M | 5.4% |
| Buybacks | $0 | $49M | $96M | $58M | $22M | 62% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Sep 25, 2023 | Hankey Don | SC 13D/A | 4.7% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $7M · 12
- Net
- −$7M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $12M | $24M | 210 | 144 |
| FY2025 | $12M | $23M | 164 | 113 |
| FY2024 | $14M | $19M | 123 | 93 |
| FY2023 | $11M | $6M | 85 | 78 |
| FY2022 | $14M | $8M | 77 | 94 |