Company: AFRM
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001820953-25-000052
Chunk: 69

Company: Affirm Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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 can use our app to apply for installment loans, and upon approval, they can use the Affirm Card digitally online or in-stores to complete a purchase. Additionally, consumers can manage the pre and post purchase split of Affirm Card transactions into a loan, manage payments, open a high-yield savings account, and access a personalized marketplace.

Our Company is predicated on the principles of simplicity, transparency, and putting people first. By adhering to these principles, we have built enduring, trust-based relationships with consumers and merchants that we believe will set us up for long-term, sustainable success. We believe our innovative approach uniquely positions us to define the future of commerce and payments.

Technology and data are at the core of everything we do. Our expertise in sourcing, aggregating, and analyzing data has been what we believe to be the key competitive advantage of our platform since our founding. We believe our proprietary technology platform and data give us a unique advantage in pricing risk. We use data to inform our risk scoring in order to generate value for our consumers, merchants, and capital partners. We also prioritize building our own technology and investing in product and engineering talent as we believe these are enduring competitive advantages that are difficult to replicate. Our solutions use the latest in machine learning, artificial intelligence, cloud-based technologies, and other modern tools to create differentiated and scalable products.

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Three Months Ended March 31,Nine Months Ended March 31,20252024$%20252024$%(in thousands, except percentages)Total revenue, net$783,135 $576,157 $206,978 36 %$2,347,995 $1,663,814 $684,181 41 %Total operating expenses791,527 736,946 54,581 7 %2,493,332 2,206,201 287,131 13 %Operating loss$(8,393)$(160,789)$152,396 (95)%$(145,337)$(542,387)$397,050 (73)%Other income, net13,738 27,743 (14,005)(50)%135,221 70,999 64,222 90 %Income (loss) before income taxes$5,345 $(133,046)$138,391 (104)%$(10,116)$(471,388)$461,272 (98)%Income tax expense2,541 890 1,651 186