Company: AFRM
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001820953-25-000012
Chunk: 60

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 60
---
41,943 22,187 41,943 22,187 Cash received (due to payments)(12,036)(4,094)(26,419)(9,355)Change in unrealized gain (loss)(510)80 (541)265 Accrued interest931 439 2,976 611 Reversal of (impairment on) securities available for sale(203)(184)(578)(210)Fair value at end of period$69,051 $32,411 $69,051 $32,411 Significant unobservable inputs used for our Level 3 fair value measurement of the notes and residual trust certificates are the discount rate, loss rate, and prepayment rate. Significant increases or decreases in any of the inputs in isolation could result in a significantly lower or higher fair value measurement.The following tables present quantitative information about the significant unobservable inputs used for our Level 3 fair value measurement of the notes receivable and residual trust certificates as of December 31, 2024 and June 30, 2024:December 31, 2024Unobservable InputMinimumMaximumWeighted Average (1)Discount rate4.73%30.29%6.84%Loss rate1.17%9.47%7.53%Prepayment rate13.58%23.00%20.94%June 30, 2024Unobservable InputMinimumMaximumWeighted Average (1)Discount rate5.73%41.41%8.93%Loss rate0.95%6.98%6.17%Prepayment rate12.40%27.70%23.33%(1)Unobservable inputs were weighted by relative fair value

47

The following table summarizes the effect that adverse changes in estimates would have on the fair value of the notes receivable and residual trust certificates given hypothetical changes in significant unobservable inputs (in thousands):December 31, 2024June 30, 2024Discount rate assumption:Discount rate increase of 25%$(723)$(623)Discount rate increase of 50%$(1,421)$(1,223)Loss rate assumption:Loss rate increase of 25%$(1,761)$(705)Loss rate increase of 50%$(2,665)$(1,321)Prepayment rate assumption:Prepayment rate decrease of 25%$124 $58 Prepayment rate decrease of 50%$249 $