Company: AFRM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050295
Chunk: 46

Company: Affirm Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 of financial assets— — Subsequent changes in fair value(239)(139)Fair value at end of period$667 $435 The following table summarizes the activity related to the aggregate fair value of our servicing liabilities (in thousands):Three Months Ended September 30,20252024Fair value at beginning of period$41 $743 Initial transfers of financial liabilities— — Subsequent changes in fair value(28)(305)Fair value at end of period$13 $438 The following tables present quantitative information about the significant unobservable inputs used for our Level 3 fair value measurement of servicing assets and liabilities as of September 30, 2025 and June 30, 2025:September 30, 2025Unobservable InputMinimumMaximumWeighted Average (1)Servicing assetsDiscount Rate30.00 %30.00 %30.00 %Adequate Compensation2.00 %2.00 %2.00 %Default Rate13.75 %16.44 %14.52 %Servicing liabilitiesDiscount Rate30.00 %30.00 %30.00 %Adequate Compensation2.00 %2.00 %2.00 %Default Rate4.63 %11.18 %6.55 %June 30, 2025Unobservable InputMinimumMaximumWeighted Average (1)Servicing assetsDiscount Rate30.00 %30.00 %30.00 %Adequate Compensation2.00 %2.00 %2.00 %Default Rate10.24 %15.68 %12.04 %Servicing liabilitiesDiscount Rate30.00 %30.00 %30.00 %Adequate Compensation2.00 %2.00 %2.00 %Default Rate3.71 %7.89 %5.26 %(1)Unobservable inputs were weighted by relative fair value

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The following table summarizes the effect that adverse changes in estimates would have on the fair value of the servicing assets and liabilities given hypothetical changes in significant unobservable inputs (in thousands):September 30, 2025June 30, 2025Servicing assetsDefault Rate assumption:Default Rate increase of 25%$1 $1 Default Rate increase of 50%$1 $2 Adequate Compensation assumption:Adequate Compensation increase of