Company: AFRM
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001820953-25-000012
Chunk: 49

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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51,670 Total securities available for sale$1,195,795 $853 $(2,900)$(664)$1,193,084 (1)As of June 30, 2024, Commercial paper and US government bonds include $61.5 million classified as cash and cash equivalents within the interim condensed consolidated balance sheets. (2)As of December 31, 2024 and June 30, 2024, these securities include $73.8 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 $66.9 million and $46.7 million as of December 31, 2024 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 December 31, 2024 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 that individual securities have been in a continuous loss position as of December 31, 2024 and June 30, 2024, are as follows (in thousands):December 31, 2024Less than or equal to 1 yearGreater than 1 yearTotal Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized LossesCorporate bonds$15,319 $(98)$44,094 $(163)$59,413 $(261)Agency bonds4,881 (18)— — 4,881 (18)Government bondsNon-US3,156 (5)— — 3,156 (5)US36,301 (151)49,344 (136)85,645 (287)Total securities available for sale (1)$59,657 $(272)$93,438 $(299)$153,095 $(571)June 30, 2024Less than or equal to 1 yearGreater than 1 yearTotalFair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized LossesCertificates of deposit$9,647 $(4)$— $— $