Company: AFRM
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001820953-25-000052
Chunk: 7

Company: Affirm Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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)Gain on cash flow hedges— — — — 750 750 Net loss— — — (133,936)— (133,936)Balance as of March 31, 2024308,538,201 $3 $5,704,626 $(3,063,868)$(17,301)$2,623,460 

(1)The share amounts listed above combine Class A and Class B stock.

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

9

AFFIRM HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(Unaudited) 

(in thousands)

Nine Months Ended March 31,20252024Cash flows from operating activitiesNet loss$(17,058)$(472,621)Adjustments to reconcile net loss to net cash used in operating activities:Provision for losses460,056 343,019 Amortization of premiums and discounts on loans(171,827)(137,683)Gain on sales of loans(264,739)(127,170)Gain on extinguishment of debt(82,418)(5,359)Changes in fair value of assets and liabilities5,456 (3,645)Amortization of commercial agreement assets39,424 58,969 Amortization of debt issuance costs23,298 18,888 Amortization of discount on securities available for sale(34,182)(32,280)Commercial agreement warrant expense230,102 306,588 Stock-based compensation255,938 279,598 Depreciation and amortization161,081 103,655 Other9,980 22,174 Change in operating assets and liabilities:Purchases and origination of loans held for sale(3,051,742)(3,136,368)Proceeds from the sale of loans held for sale3,051,803 3,163,048 Accounts receivable, net123,897 (105,766)Other assets(17,992)58,181 Accounts payable39 6,622 Payable to third-party loan buyers17,353 75,878 Accrued interest payable(383)9,613 Accrued expenses and other liabilities(18,813)(43,966)Net cash provided by operating activities719,272 381,375 Cash flows from investing activitiesPurchases and origination of loans held