Company: AFRM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050295
Chunk: 38

Company: Affirm Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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371 (91)— 349,429 Securitization notes receivable and certificates (3)76,279 173 (42)(941)75,469 Residual interests in structured transactions2,173 111 — — 2,284 Total securities available for sale$892,168 $1,467 $(217)$(941)$892,477 (1)As of June 30, 2025, Agency bonds, Commercial Paper, and US government bonds included $21.1 million classified as cash and cash equivalents within the interim condensed consolidated balance sheets. (2)As of September 30, 2025 and June 30, 2025, these securities include $74.6 million and $75.4 million, respectively, pledged as collateral in connection with our standby letters of credit for office leases and certain commercial agreements.(3)Approximately $23.4 million and $34.5 million as of September 30, 2025 and June 30, 2025, respectively, of these securities have been pledged as collateral in connection with sale and repurchase agreements discussed within Note 8. Debt.

34

As of September 30, 2025 and June 30, 2025, there were no material reversals of prior period allowance for credit losses recognized for available for sale securities. A summary of securities available for sale with unrealized losses for which an allowance for credit losses has not been recorded, aggregated by investment category and the length of time that individual securities have been in a continuous loss position as of September 30, 2025 and June 30, 2025, are as follows (in thousands):September 30, 2025Less than or equal to 1 yearGreater than 1 yearTotal Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized LossesCorporate bonds$12,069 $(3)$— $— $12,069 $(3)Agency bonds4,998 (1)— — 4,998 (1)Government bondsUS7,475 (1)7,633 (7)15,108 (8)Securitization notes receivable and certificates5,842 (2)— — 5,842 (2)Total securities available for sale (1)$30,384 $(7)$7,633 $(7)$38,017 $(14