Company: AFRM
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001820953-25-000052
Chunk: 43

Company: Affirm Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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ivable and certificates (3)51,348 545 (56)(980)50,857 Total securities available for sale$861,475 $1,793 $(346)$(980)$861,942 June 30, 2024Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesFair ValueCertificates of deposit$34,468 $9 $(4)$— $34,473 Corporate bonds243,639 95 (1,074)— 242,660 Commercial paper (1)298,005 7 (166)— 297,846 Agency bonds15,283 — (124)— 15,159 Municipal bonds3,943 10 — — 3,953 Government bondsNon-US5,310 — (35)— 5,275    US (1) (2)543,421 33 (1,406)— 542,048 Securitization notes receivable and certificates (3)51,726 699 (91)(664)51,670 Total securities available for sale$1,195,795 $853 $(2,900)$(664)$1,193,084 (1)As of March 31, 2025 and June 30, 2024, Commercial paper and US government bonds included $81.8 million and $61.5 million, respectively, classified as cash and cash equivalents within the interim condensed consolidated balance sheets. (2)As of March 31, 2025 and June 30, 2024, these securities include $74.7 million and $54.1 million, respectively, pledged as collateral in connection with our standby letters of credit for office leases and certain commercial agreements.(3)Approximately $49.6 million and $46.7 million as of March 31, 2025 and June 30, 2024, respectively, of these securities have been pledged as collateral in connection with sale and repurchase agreements discussed within Note 8. Debt.As of March 31, 2025 and June 30, 2024, there were no material reversals of prior period allowance for credit losses recognized for available for sale securities.

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 A summary of securities available for sale with unrealized losses for which an allowance for credit losses has not been recorded, aggregated by investment category and the length of time