Company: AFRM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050295
Chunk: 1

Company: Affirm Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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5; 140,000,000 authorized, 40,734,234 shares issued and outstanding as of June 30, 20251 1 Additional paid in capital6,299,395 6,140,893 Accumulated deficit(2,976,124)(3,056,818)Accumulated other comprehensive loss(24,389)(15,069)Total stockholders’ equity3,298,885 3,069,009 Total liabilities and stockholders’ equity $11,478,567 $11,154,929 

The accompanying notes are an integral part of these interim condensed consolidated financial statements.

5

Table of Contents

AFFIRM HOLDINGS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS, CONT. 

(Unaudited)

(in thousands)

    The following table presents the assets and liabilities of consolidated variable interest entities (“VIEs”), which are included in the interim condensed consolidated balance sheets above. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations. The liabilities in the table below include liabilities for which creditors do not have recourse to the general credit of the Company. Additionally, the assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs only and exclude intercompany balances that eliminate upon consolidation.

September 30, 2025June 30, 2025Assets of consolidated VIEs, included in total assets aboveRestricted cash$318,300 $192,638 Loans held for investment7,000,611 6,828,758 Allowance for credit losses(377,582)(365,656)Loans held for investment, net6,623,029 6,463,101 Accounts receivable, net3,096 3,032 Other assets1,767 2,558 Total assets of consolidated VIEs$6,946,193 $6,661,329 Liabilities of consolidated VIEs, included in total liabilities aboveAccounts payable$— $2,833 Accrued interest payable23,446 23,998 Accrued expenses and other liabilities2,170 2,797 Notes issued by securitization trusts4,830,819 4,833,855 Funding debt1,757,016 1,592,139 Total liabilities of consolidated VIEs6,613,451