Company: AFRM
Filing Date: 2025-08-28
Form Type: 10-K
Source: 0001820953-25-000080
Chunk: 8

Company: Affirm Holdings, Inc.
Filing Date: 2025-08-28
Form: 10-K
Item: Item 8
Chunk 8
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 net income (loss) to net cash used in operating activities:Provision for losses616,683 460,628 331,860 Amortization of premiums and discounts on loans(233,799)(187,709)(141,075)Gain on sales of loans(381,622)(197,153)(188,341)Gain on extinguishment of debt(82,418)(12,638)(89,841)Changes in fair value of assets and liabilities7,146 (2,776)(15,883)Amortization of commercial agreement assets47,392 73,070 85,524 Amortization of debt issuance costs30,389 24,546 20,535 Amortization of discount on securities available for sale(44,031)(22,799)(36,060)Commercial agreement warrant expense271,562 406,714 421,934 Stock-based compensation321,433 344,511 451,709 Depreciation and amortization225,076 169,044 134,634 Impairment of right of use assets— 752 1,244 Other13,703 (25,331)(8,825)Change in operating assets and liabilities:Purchases and origination of loans held for sale(3,389,953)(4,212,299)(6,009,361)Proceeds from the sale of loans held for sale3,389,990 4,211,687 6,174,447 Accounts receivable, net(84,952)(167,757)(67,690)Other assets(12,175)31,228 (14,466)Accounts payable41,801 12,417 (5,038)Payable to third-party loan buyers52,056 105,791 (17,531)Accrued interest payable2,386 11,138 7,915 Accrued expenses and other liabilities(48,943)(55,169)(38,165)Net cash provided by operating activities793,909 450,138 12,181 Cash flows from investing activitiesPurchases and origination of loans held for investment(32,545,595)(21,488,547)(13,586,251)Proceeds from the sale of loans held for investment12,572,254 6,058,799 1,582,501 Principal repayments and other loan servicing activity18,655,657