vs
Side-by-side financial comparison of Axos Financial, Inc. (AX) and WORKIVA INC (WK). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($385.1M vs $238.9M, roughly 1.6× WORKIVA INC). Axos Financial, Inc. runs the higher net margin — 33.3% vs 4.9%, a 28.4% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs 19.5%). Axos Financial, Inc. produced more free cash flow last quarter ($85.4M vs $50.7M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% CAGR vs 14.3%).
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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
AX vs WK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $238.9M |
| Net Profit | $128.4M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 45.6% | 3.3% |
| Net Margin | 33.3% | 4.9% |
| Revenue YoY | 25.1% | 19.5% |
| Net Profit YoY | 22.6% | 234.0% |
| EPS (diluted) | $2.22 | $0.21 |
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.
| Q4 25 | $385.1M | $238.9M | ||
| Q3 25 | $323.4M | $224.2M | ||
| Q2 25 | $321.4M | $215.2M | ||
| Q1 25 | $308.8M | $206.3M | ||
| Q4 24 | $307.9M | $199.9M | ||
| Q3 24 | $320.7M | $185.6M | ||
| Q2 24 | $290.9M | $177.5M | ||
| Q1 24 | $294.8M | $175.7M |
| Q4 25 | $128.4M | $11.8M | ||
| Q3 25 | $112.4M | $2.8M | ||
| Q2 25 | $110.7M | $-19.4M | ||
| Q1 25 | $105.2M | $-21.4M | ||
| Q4 24 | $104.7M | $-8.8M | ||
| Q3 24 | $112.3M | $-17.0M | ||
| Q2 24 | $104.9M | $-17.5M | ||
| Q1 24 | $110.7M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% | ||
| Q1 24 | — | 76.4% |
| Q4 25 | 45.6% | 3.3% | ||
| Q3 25 | 46.3% | -1.5% | ||
| Q2 25 | 48.5% | -10.3% | ||
| Q1 25 | 47.9% | -12.0% | ||
| Q4 24 | 48.8% | -6.7% | ||
| Q3 24 | 49.6% | -11.7% | ||
| Q2 24 | 49.6% | -13.0% | ||
| Q1 24 | 52.8% | -10.4% |
| Q4 25 | 33.3% | 4.9% | ||
| Q3 25 | 34.7% | 1.2% | ||
| Q2 25 | 34.4% | -9.0% | ||
| Q1 25 | 34.1% | -10.4% | ||
| Q4 24 | 34.0% | -4.4% | ||
| Q3 24 | 35.0% | -9.2% | ||
| Q2 24 | 36.0% | -9.9% | ||
| Q1 24 | 37.6% | -6.7% |
| Q4 25 | $2.22 | $0.21 | ||
| Q3 25 | $1.94 | $0.05 | ||
| Q2 25 | $1.89 | $-0.35 | ||
| Q1 25 | $1.81 | $-0.38 | ||
| Q4 24 | $1.80 | $-0.15 | ||
| Q3 24 | $1.93 | $-0.31 | ||
| Q2 24 | $1.75 | $-0.32 | ||
| Q1 24 | $1.91 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | $-5.4M |
| Total Assets | $28.2B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $338.8M | ||
| Q3 25 | $2.6B | $315.9M | ||
| Q2 25 | $1.9B | $284.3M | ||
| Q1 25 | $2.0B | $242.0M | ||
| Q4 24 | $2.4B | $301.8M | ||
| Q3 24 | $2.6B | $248.2M | ||
| Q2 24 | $2.0B | $267.9M | ||
| Q1 24 | $2.1B | $296.1M |
| 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 24 | $330.4M | — |
| Q4 25 | $2.9B | $-5.4M | ||
| Q3 25 | $2.8B | $-36.9M | ||
| Q2 25 | $2.7B | $-66.5M | ||
| Q1 25 | $2.6B | $-75.7M | ||
| Q4 24 | $2.5B | $-41.7M | ||
| Q3 24 | $2.4B | $-50.8M | ||
| Q2 24 | $2.3B | $-77.7M | ||
| Q1 24 | $2.2B | $-83.2M |
| Q4 25 | $28.2B | $1.5B | ||
| Q3 25 | $27.4B | $1.4B | ||
| Q2 25 | $24.8B | $1.3B | ||
| Q1 25 | $24.0B | $1.3B | ||
| Q4 24 | $23.7B | $1.4B | ||
| Q3 24 | $23.6B | $1.3B | ||
| Q2 24 | $22.9B | $1.2B | ||
| Q1 24 | $22.6B | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.15× | — |
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 | $104.1M | $51.0M |
| Free Cash FlowOCF − Capex | $85.4M | $50.7M |
| FCF MarginFCF / Revenue | 22.2% | 21.2% |
| Capex IntensityCapex / Revenue | 4.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.81× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $51.0M | ||
| Q3 25 | $118.4M | $46.2M | ||
| Q2 25 | $490.3M | $50.3M | ||
| Q1 25 | $73.7M | $-7.4M | ||
| Q4 24 | $162.5M | $44.0M | ||
| Q3 24 | $70.8M | $18.9M | ||
| Q2 24 | $305.5M | $-14.0K | ||
| Q1 24 | $115.8M | $24.8M |
| Q4 25 | $85.4M | $50.7M | ||
| Q3 25 | $109.3M | $46.1M | ||
| Q2 25 | $436.1M | $49.3M | ||
| Q1 25 | $65.1M | $-8.1M | ||
| Q4 24 | $156.4M | $43.2M | ||
| Q3 24 | $53.0M | $18.7M | ||
| Q2 24 | $269.5M | $-122.0K | ||
| Q1 24 | $107.3M | $24.6M |
| Q4 25 | 22.2% | 21.2% | ||
| Q3 25 | 33.8% | 20.5% | ||
| Q2 25 | 135.7% | 22.9% | ||
| Q1 25 | 21.1% | -3.9% | ||
| Q4 24 | 50.8% | 21.6% | ||
| Q3 24 | 16.5% | 10.1% | ||
| Q2 24 | 92.6% | -0.1% | ||
| Q1 24 | 36.4% | 14.0% |
| Q4 25 | 4.9% | 0.1% | ||
| Q3 25 | 2.8% | 0.0% | ||
| Q2 25 | 16.9% | 0.5% | ||
| Q1 25 | 2.8% | 0.4% | ||
| Q4 24 | 2.0% | 0.4% | ||
| Q3 24 | 5.5% | 0.1% | ||
| Q2 24 | 12.4% | 0.1% | ||
| Q1 24 | 2.9% | 0.1% |
| Q4 25 | 0.81× | 4.31× | ||
| Q3 25 | 1.05× | 16.57× | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 2.91× | — | ||
| Q1 24 | 1.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
