Company: AFRM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050295
Chunk: 19

Company: Affirm Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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ization(518,155)(455,315)Total property, equipment and software, net$613,938 $572,637 Depreciation and amortization expense on property, equipment and software was $65.3 million and $46.1 million for the three months ended September 30, 2025 and 2024, respectively.No impairment losses related to property, equipment and software were recorded during the three months ended September 30, 2025 and 2024.Goodwill and Intangible AssetsThe changes in the carrying amount of goodwill during the three months ended September 30, 2025 were as follows (in thousands):Balance as of June 30, 2025$534,156 Adjustments (1)(4,245)Balance as of September 30, 2025$529,910 (1)Adjustments to goodwill during the three months ended September 30, 2025 primarily pertained to foreign currency translation adjustments.No impairment losses related to goodwill were recorded during the three months ended September 30, 2025 and 2024. 

20

Intangible assets consisted of the following (in thousands):September 30, 2025GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life (in years)Merchant relationships$37,695 $(37,695)$— 0.0Developed technology39,347 (39,288)59 1.1Assembled workforce12,490 (12,490)— 0.0Trademarks and domains1,434 (1,387)47 0.3Trademarks, licenses and domains12,229 — 12,229 IndefiniteOther intangibles350 — 350 IndefiniteTotal intangible assets$103,545 $(90,860)$12,685 June 30, 2025GrossAccumulated AmortizationNetWeighted AverageRemaining Useful Life(in years)Merchant relationships$37,845 $(37,845)$— 0.0Developed technology39,443 (39,369)74 1.3Assembled workforce12,490 (12,490)— 0.0Trademarks and domains1,450 (1,355)95 0.6Trademarks, licenses and domains12,416 — 12,416 IndefiniteOther intangibles350 — 350 IndefiniteTotal intangible assets$