Company: AFRM
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001820953-25-000052
Chunk: 48

Company: Affirm Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 2025, we estimated that $0.1 million of net derivative losses included in AOCI are expected to be reclassified into earnings within the next 12 months.The following table summarizes the impact of the derivative instruments on income and indicates where within the interim consolidated statements of operations and comprehensive income (loss) such impact is reported (in thousands):Three Months Ended March 31,Nine Months Ended March 31,2025202420252024The effects of cash flow hedgingFunding costs$74 $335 $382 $1,097 The effects of derivatives not designated in hedging relationshipsOther income, net(2,154)4,671 (3,403)2,942 

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12.   Fair Value of Financial Assets and Liabilities

 Financial Assets and Liabilities Recorded at Fair ValueThe following tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2025 and June 30, 2024 (in thousands):March 31, 2025Level 1Level 2Level 3TotalAssets:Cash and cash equivalents:Money market funds$69,419 $— $— $69,419 Commercial paper— 61,883 — 61,883 Government bonds- US— 19,889 — 19,889 Securities, available for sale:Certificates of deposit— 8,746 — 8,746 Corporate bonds— 242,800 — 242,800 Commercial paper— 86,088 — 86,088 Agency bonds— 13,444 — 13,444 Municipal bonds— 5,180 — 5,180 Government bonds:Non-US— 5,286 — 5,286 US— 367,769 — 367,769 Securitization notes receivable and residual trust certificates— — 50,857 50,857 Servicing assets— — 595 595 Derivative instruments— 3,808 — 3,808 Risk sharing asset— — 43,739 43,739 Total assets$69,419 $814,893 $95,191 $979,503 Liabilities:Servicing liabilities$— $— $103 $103 Performance fee liability— — 1,770 1,