Company: AFRM
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001820953-25-000052
Chunk: 21

Company: Affirm Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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31,20252024 (1)20252024 (1)Payment deferral$5,749 $32,015 $13,110 $43,282 Loan re-amortization116 1,075 250 1,630 Total$5,865 $33,090 $13,360 $44,912 % of total loan receivables outstanding0.09 %0.61 %0.20 %0.83 %(1)Amounts previously disclosed excluded modifications made to borrowers where the loan was less than 30 days delinquent at the time of modification.With respect to borrowers who received payment deferrals during the three and nine months ended March 31, 2025 and 2024, the length of each deferral period was one month.With respect to borrowers who received a loan re-amortization during the three and nine months ended March 31, 2025 and 2024, the payment amount was reduced by half and the term of the loan was extended between one month and twelve months.During the modification process, the loans are made current, and payment schedules for these loans are updated according to the modified terms. We closely monitor the performance of loans that are modified for borrowers experiencing financial difficulty to understand the effectiveness of our modification efforts. We hold an allowance for credit losses for modified loans classified as held for investment. Our allowance estimate considers whether a loan has been modified, the delinquency status of the loan on the date of modification, and the increased likelihood that such loan may become delinquent or charge-off in the future.The following tables present the delinquency status as of March 31, 2025 and 2024, by amortized cost basis excluding accrued interest receivable, of loan receivables that have been modified within the last 12 months where the borrower was experiencing financial difficulty at the time of modification (in thousands):March 31, 2025Payment DeferralLoan Re-amortizationTotalNon-delinquent loans$7,761 $154 $7,915 4 – 29 calendar days past due2,123 40 2,163 30 – 59 calendar days past due1,398 20 1,418 60 – 89 calendar days past due1,211 26 1,237 90 – 119 calendar days past due1,224 20 1,244