Axos Financial (AX) to buy Arc Technologies, adding AI-native fintech platform
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Axos Financial, Inc., through its subsidiary Axos Nevada Holding, LLC, has entered into a definitive agreement to acquire Arc Technologies, Inc., a financial technology platform serving technology and growth companies. Arc offers integrated cash management, capital markets access, and AI-powered financial software in a unified platform.
Axos expects the deal to enhance its ability to serve structurally underserved small businesses in the United States and expand its AI capabilities through Arc’s financial intelligence infrastructure and automation tools. The transaction is expected to close in July 2026, subject to customary closing conditions, and is not expected to have a material impact on Axos’ results of operations or financial condition.
As of March 31, 2026, Axos Financial reported approximately $29.2 billion in consolidated assets, while Axos Clearing LLC had about $44.0 billion of assets under custody and/or administration, providing scale to support the integration of Arc’s platform.
Positive
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Negative
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Consolidated assets: $29.2 billion
Assets under custody/administration: $44.0 billion
Expected closing date: July 2026
+1 more
4 metrics
Consolidated assets
$29.2 billion
Axos Financial consolidated assets as of March 31, 2026
Assets under custody/administration
$44.0 billion
Axos Clearing LLC assets under custody and/or administration as of March 31, 2026
Expected closing date
July 2026
Anticipated closing timing for Arc Technologies acquisition, subject to customary conditions
Arc founding year
2021
Arc Technologies founding year as a financial technology platform
Key Terms
definitive agreement, capital markets, AI-powered financial software, consolidated assets, +2 more
6 terms
definitive agreement financial
"entered into a definitive agreement to acquire Arc Technologies, Inc."
A definitive agreement is a formal, legally binding document that outlines the final terms and conditions of a deal or transaction, such as a sale or partnership. It acts like a detailed contract that confirms all parties have agreed on the key details, making the deal official. For investors, it signals that the agreement is settled and moving toward completion, providing clarity and security about the transaction.
capital markets financial
"provides integrated cash management, capital markets, and AI-powered financial software solutions"
Capital markets are places where people and organizations buy and sell long-term investments like stocks and bonds. They help connect those who need money to grow or fund projects with investors looking to earn returns over time. For investors, capital markets are important because they offer opportunities to invest, save, and grow their wealth through a variety of financial assets.
AI-powered financial software technical
"AI-powered financial software solutions through a unified platform"
consolidated assets financial
"with approximately $29.2 billion in consolidated assets as of March 31, 2026"
forward-looking statements regulatory
"This press release contains forward-looking statements that involve risks and uncertainties"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
customary closing conditions financial
"The transaction is expected to close in July 2026, subject to customary closing conditions"
"Customary closing conditions" are standard rules or checks that must be met before a business deal can be finalized, like making sure all paperwork is in order or that certain approvals are obtained. They matter because they help protect both parties, ensuring everything is in place and reducing the risk of surprises or problems after the deal is closed.
FAQ
What did Axos Financial (AX) announce regarding Arc Technologies?
Axos Financial announced that its subsidiary Axos Nevada Holding, LLC entered a definitive agreement to acquire Arc Technologies, Inc., a financial technology platform serving technology and growth companies with integrated cash management, capital markets access, and AI-powered financial software tools.
When is the Axos Financial acquisition of Arc Technologies expected to close?
The acquisition of Arc Technologies by Axos Financial is expected to close in July 2026, subject to customary closing conditions. The company has not indicated any unusual requirements and describes the closing conditions as standard for this type of transaction.
How does Axos Financial expect the Arc Technologies deal to affect its business?
Axos Financial expects the Arc Technologies acquisition to enhance its ability to serve millions of structurally underserved small businesses and expand its AI capabilities, particularly in financial intelligence, workflow automation, and operational efficiency across digital banking and business-focused services.
Will the Arc Technologies acquisition materially impact Axos Financial’s results?
The company states the Arc Technologies transaction is not expected to have a material impact on Axos Financial’s results of operations or financial condition, indicating the deal is strategically important but not large enough to significantly change its overall financial profile.
What are Axos Financial’s asset levels supporting the Arc integration?
Axos Financial reported approximately $29.2 billion in consolidated assets as of March 31, 2026. Its Axos Clearing LLC unit had about $44.0 billion of assets under custody and/or administration, providing a sizable platform to support integrating Arc’s technology and services.
What services does Arc Technologies provide that complement Axos Financial?
Arc Technologies provides integrated cash management, capital markets access, and AI-powered financial software to help businesses manage cash, obtain debt financing, and streamline operations. These capabilities are expected to complement Axos Financial’s nationwide banking, clearing, and digital investment services.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 6, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) | ||||||
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (858 ) 649-2218
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On July 6, 2026, Axos Nevada Holding, LLC, a subsidiary of Axos Financial, Inc. (“Axos” or the “Company”) entered into a definitive agreement to acquire Arc Technologies, Inc. (“Arc”), a financial technology platform serving technology and growth companies. The transaction is expected to close later this month and is not expected to have a material impact to results of operations or financial condition.
A press release announcing the transaction was issued on July 7, 2026, and a copy of the press release is furnished with this Form 8-K and attached hereto as Exhibit 99.1.
This Form 8-K and the information included in the press release shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended (“Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such a filing. The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by the Registrant that the information in this report is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Registrant or any of its affiliates.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | Description | |||||||
| 99.1 | Press Release | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Axos Financial, Inc. | ||||||||||||||
| Date: | July 7, 2026 | By: | /s/ Derrick K. Walsh | |||||||||||
| Derrick K. Walsh | ||||||||||||||
| EVP and Chief Financial Officer | ||||||||||||||
Axos Financial, Inc. to Acquire Arc Technologies, Inc.
Acquisition Brings AI-Native Financial Technology Platform with Cash Management and Capital Markets Capabilities to Axos, Accelerating Digital Strategy
LAS VEGAS--(BUSINESS WIRE)-- Axos Nevada Holding, LLC, a subsidiary of Axos Financial, Inc. (“Axos” or the “Company”) announced that it has entered into a definitive agreement to acquire Arc Technologies, Inc. (“Arc”), a financial technology platform serving technology and growth companies.
Founded in 2021, Arc provides integrated cash management, capital markets, and AI-powered financial software solutions through a unified platform designed to help businesses manage cash, access debt financing, and streamline financial operations.
Axos expects the transaction to enhance its ability to serve the millions of small businesses in the United States that are structurally underserved by traditional banks.
The acquisition also expands Axos’ AI capabilities through Arc’s financial intelligence infrastructure and agentic finance tools designed to automate workflows, deliver insights, and improve operational efficiency.
“Arc brings an exceptional team, a modern technology platform, and deep expertise serving the innovation ecosystem,” said Greg Garrabrants, President and Chief Executive Officer of Axos Financial, Inc. “The combination of Arc’s product and software engineering capabilities with Axos’ diverse products and services, nationwide distribution, and capital resources creates a compelling opportunity to build a differentiated digital banking solution for businesses across their full lifecycle.”
Nick Lombardo, Chief Executive Officer and Co-Founder of Arc, added, “We built Arc with the belief that businesses deserve a more intelligent and integrated financial platform. Joining Axos gives us the infrastructure, product breadth, and scale to pursue that vision significantly faster while continuing to deliver the modern experience our customers rely on.”
The transaction is expected to close in July 2026, subject to customary closing conditions.
About Arc
Arc is the cash management and capital markets platform for technology companies. Arc helps businesses manage cash, unlock competitive yield, raise debt capital, and access AI-powered financial services – all in one unified platform. Founded in 2021, Arc has headquarters in San Francisco and New York City and is backed by investors including Left Lane Capital, NFX, Bain Capital Ventures, Atalaya, Clocktower Technology Ventures, Torch Capital, and Y Combinator. To learn more, visit www.joinarc.com.
About Axos Financial, Inc. and Subsidiaries
Axos Financial, Inc., with approximately $29.2 billion in consolidated assets as of March 31, 2026, is the holding company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc. Axos Bank provides consumer and business banking products nationwide through its low-cost distribution channels and affinity partners. Axos Clearing LLC (including its business division Axos Advisor Services), with approximately $44.0 billion of assets under custody and/or administration as of March 31, 2026, and Axos Invest, Inc., provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents, and digital investment advisory services to retail investors, respectively. Axos Financial, Inc.’s common stock is listed on the NYSE under the symbol “AX” and is a component of the Russell 2000® Index and the S&P SmallCap 600® Index, among other indices. For more information on Axos Financial, Inc., please visit http://investors.axosfinancial.com.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including without limitation statements relating to Axos’ financial prospects and other projections of its performance and asset quality, the expected completion and timing of the acquisition of Arc Technologies, Inc. (“Arc”), the anticipated benefits of the transaction, including
the expected enhancement of Axos’ digital banking, AI and technology capabilities, the expected integration of Arc’s team and platform into Axos’ banking organization, and expectations of the environment in which Axos operates. These forward-looking statements are made on the basis of the views and assumptions of management regarding future events and performance as of the date of this press release.
Actual results and the timing of events could differ materially from those expressed or implied in such forward-looking statements as a result of risks and uncertainties, including without limitation the ability of the parties to consummate the proposed transaction on a timely basis or at all, the satisfaction of the conditions precedent to consummation of the proposed transaction, the ability to successfully integrate Arc’s operations and employees and realize the anticipated benefits of the transaction, the ability to retain key employees of Arc, changes in the interest rate environment, monetary policy, inflation, tariffs, government regulation, general economic conditions, and the outcome and effects of litigation and other factors beyond our control.
These and other risks and uncertainties are detailed in Axos’ periodic reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2025. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Axos undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Johnny Lai, CFA
SVP, Corporate Development & Investor Relations
Axos Financial, Inc.
Phone: 1-858-649-2218
Email: jlai@axosfinancial.com