Company: AFRM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050295
Chunk: 18

Company: Affirm Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 – 59 calendar days past due1,146 22 1,168 60 – 89 calendar days past due934 22 956 90 – 119 calendar days past due858 15 873 Total amortized cost basis$13,787 $256 $14,043 September 30, 2024Payment DeferralLoan Re-amortizationTotalNon-delinquent loans$12,645 $287 $12,932 4 – 29 calendar days past due3,717 93 3,810 30 – 59 calendar days past due2,689 51 2,740 60 – 89 calendar days past due3,951 67 4,018 90 – 119 calendar days past due2,652 63 2,715 Total amortized cost basis$25,654 $561 $26,215 

With respect to modifications during the 12 months preceding September 30, 2025 and 2024, respectively, where the borrower was experiencing financial difficulty at the time of modification, the amortized cost basis of loans which have been charged off was $5.1 million and $16.0 million, respectively. 

19

5.   Balance Sheet Components

Accounts Receivable, netOur accounts receivable consist primarily of amounts due from payment processors, merchant partners, affiliate network partners and servicing fees due from third-party loan owners. For each of these groups, we evaluate accounts receivable to determine management’s current estimate of expected credit losses based on historical experience and future expectations and record an allowance for credit losses. Our allowance for credit losses with respect to accounts receivable was $20.2 million and $18.8 million as of September 30, 2025 and June 30, 2025, respectively.Property, Equipment and Software, netProperty, equipment and software, net consisted of the following (in thousands):September 30, 2025June 30, 2025Internally developed software$1,088,527 $987,399 Leasehold improvements23,725 21,990 Computer equipment10,353 9,555 Furniture and equipment9,488 9,007 Total property, equipment and software, at cost$1,132,093 $1,027,952 Less: Accumulated depreciation and amort