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Side-by-side financial comparison of Axos Financial, Inc. (AX) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $349.1M, roughly 1.1× PROCORE TECHNOLOGIES, INC.). Axos Financial, Inc. runs the higher net margin — 31.8% vs -10.8%, a 42.6% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs 13.8%).
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
AX vs PCOR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $349.1M |
| Net Profit | $124.7M | $-37.6M |
| Gross Margin | — | 80.1% |
| Operating Margin | — | -12.3% |
| Net Margin | 31.8% | -10.8% |
| Revenue YoY | — | 15.6% |
| Net Profit YoY | 18.5% | 39.6% |
| EPS (diluted) | $2.15 | $-0.25 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $392.2M | — | ||
| Q4 25 | $385.1M | $349.1M | ||
| Q3 25 | $323.4M | $338.9M | ||
| Q2 25 | $321.4M | $323.9M | ||
| Q1 25 | $308.8M | $310.6M | ||
| Q4 24 | $307.9M | $302.0M | ||
| Q3 24 | $320.7M | $295.9M | ||
| Q2 24 | $290.9M | $284.3M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $-37.6M | ||
| Q3 25 | $112.4M | $-9.1M | ||
| Q2 25 | $110.7M | $-21.1M | ||
| Q1 25 | $105.2M | $-33.0M | ||
| Q4 24 | $104.7M | $-62.3M | ||
| Q3 24 | $112.3M | $-26.4M | ||
| Q2 24 | $104.9M | $-6.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | -12.3% | ||
| Q3 25 | 46.3% | -4.4% | ||
| Q2 25 | 48.5% | -9.3% | ||
| Q1 25 | 47.9% | -11.7% | ||
| Q4 24 | 48.8% | -21.9% | ||
| Q3 24 | 49.6% | -12.3% | ||
| Q2 24 | 49.6% | -5.2% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | -10.8% | ||
| Q3 25 | 34.7% | -2.7% | ||
| Q2 25 | 34.4% | -6.5% | ||
| Q1 25 | 34.1% | -10.6% | ||
| Q4 24 | 34.0% | -20.6% | ||
| Q3 24 | 35.0% | -8.9% | ||
| Q2 24 | 36.0% | -2.2% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $-0.25 | ||
| Q3 25 | $1.94 | $-0.06 | ||
| Q2 25 | $1.89 | $-0.14 | ||
| Q1 25 | $1.81 | $-0.22 | ||
| Q4 24 | $1.80 | $-0.42 | ||
| Q3 24 | $1.93 | $-0.18 | ||
| Q2 24 | $1.75 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $768.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.1B | $1.3B |
| Total Assets | $29.2B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $768.5M | ||
| Q3 25 | $2.6B | $684.0M | ||
| Q2 25 | $1.9B | $620.9M | ||
| Q1 25 | $2.0B | $566.7M | ||
| Q4 24 | $2.4B | $775.4M | ||
| Q3 24 | $2.6B | $756.9M | ||
| Q2 24 | $2.0B | $735.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $1.3B | ||
| Q3 25 | $2.8B | $1.2B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $2.3B | $1.3B |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $2.2B | ||
| Q3 25 | $27.4B | $2.1B | ||
| Q2 25 | $24.8B | $2.0B | ||
| Q1 25 | $24.0B | $1.9B | ||
| Q4 24 | $23.7B | $2.1B | ||
| Q3 24 | $23.6B | $2.0B | ||
| Q2 24 | $22.9B | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $114.9M |
| Free Cash FlowOCF − Capex | — | $109.2M |
| FCF MarginFCF / Revenue | — | 31.3% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $114.9M | ||
| Q3 25 | $118.4M | $88.5M | ||
| Q2 25 | $490.3M | $30.8M | ||
| Q1 25 | $73.7M | $66.0M | ||
| Q4 24 | $162.5M | $29.1M | ||
| Q3 24 | $70.8M | $39.3M | ||
| Q2 24 | $305.5M | $58.7M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $109.2M | ||
| Q3 25 | $109.3M | $83.1M | ||
| Q2 25 | $436.1M | $27.9M | ||
| Q1 25 | $65.1M | $62.0M | ||
| Q4 24 | $156.4M | $17.4M | ||
| Q3 24 | $53.0M | $35.7M | ||
| Q2 24 | $269.5M | $56.8M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 31.3% | ||
| Q3 25 | 33.8% | 24.5% | ||
| Q2 25 | 135.7% | 8.6% | ||
| Q1 25 | 21.1% | 20.0% | ||
| Q4 24 | 50.8% | 5.8% | ||
| Q3 24 | 16.5% | 12.1% | ||
| Q2 24 | 92.6% | 20.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 1.6% | ||
| Q3 25 | 2.8% | 1.6% | ||
| Q2 25 | 16.9% | 0.9% | ||
| Q1 25 | 2.8% | 1.3% | ||
| Q4 24 | 2.0% | 3.9% | ||
| Q3 24 | 5.5% | 1.2% | ||
| Q2 24 | 12.4% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 2.91× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
| Net Interest Income | $306.3M | 78% |
| Noninterest Income | $86.0M | 22% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
