Company: AFRM
Filing Date: 2025-08-28
Form Type: 10-K
Source: 0001820953-25-000080
Chunk: 125

Company: Affirm Holdings, Inc.
Filing Date: 2025-08-28
Form: 10-K
Item: Item 7
Chunk 125
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34 %519,138 76 %Gain on sales of loans (1)381,622 197,153 188,341 184,469 94 %8,812 5 %Servicing income120,602 95,483 87,489 25,119 26 %7,994 9 %Total revenue, net3,224,412 2,322,999 1,587,985 901,413 39 %735,014 46 %Operating expenses (2)Loss on loan purchase commitment242,264 180,395 140,265 61,869 34 %40,130 29 %Provision for credit losses616,683 460,628 331,860 156,055 34 %128,768 39 %Funding costs425,451 344,253 183,013 81,198 24 %161,240 88 %Processing and servicing457,849 343,249 257,343 114,600 33 %85,906 33 %Technology and data analytics589,723 501,857 615,818 87,866 18 %(113,961)(19)%Sales and marketing434,847 576,405 638,280 (141,558)(25)%(61,875)(10)%General and administrative545,053 525,291 586,398 19,762 4 %(61,107)(10)%Restructuring and other(184)6,768 35,870 (6,952)(103)%(29,102)(81)%Total operating expenses3,311,685 2,938,846 2,788,847 372,839 13 %149,999 5 %Operating loss$(87,273)$(615,847)$(1,200,862)$528,574 86 %$585,015 49 %Other income, net148,737 100,320 211,617 48,417 48 %(111,297)(53)%Income (loss) before income taxes$61,464 $(515,527)$(989,245)$576,991 112 %$473,718 (48)%Income tax expense (benefit)9,279 2,230 (3,900)7,049 316 %