Company: AFRM
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001820953-25-000012
Chunk: 64

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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%$1,235 $572 Prepayment rate increase of 50%$2,364 $1,131 Loss rate assumption:Loss rate increase of 25%$(11,331)$(7,315)Loss rate increase of 50%$(22,585)$(14,528)Discount rate assumption:Discount rate increase of 25%$(1,120)$(1,211)Discount rate increase of 50%$(2,156)$(2,323)Risk sharing liabilities (1)Loss rate assumption:Loss rate increase of 25%$28,276 $22,333 Loss rate increase of 50%$40,334 $41,677 Discount rate assumption:Discount rate increase of 25%$(7)$(19)Discount rate increase of 50%$(13)$(37)Financial Assets and Liabilities Not Recorded at Fair ValueThe following table presents the fair value and our assessment of the classification of this measurement within the fair value hierarchy for financial assets and liabilities held at amortized cost as of December 31, 2024 and June 30, 2024 (in thousands):December 31, 2024Carrying AmountLevel 1Level 2Level 3Balance at Fair ValueAssets:Loans held for investment, net6,432,336 — — 6,828,132 6,828,132 Other assets (1)29,582 — 29,582 — 29,582 Total assets$6,461,918 $— $29,582 $6,828,132 $6,857,714 Liabilities:Convertible senior notes, net (2)$1,151,048 $— $1,116,902 $— $1,116,902 Notes issued by securitization trusts3,988,887 — — 4,014,587 4,014,587 Funding debt (3)2,178,508 — — 2,178,655 2,178,655 Total liabilities$7,318,443 $— $1,116,902 $6,193,242 $7,310,144  

51

June 30, 2024Carrying AmountLevel 1Level 2Level 3Balance at Fair ValueAssets:Loans held for sale (1)$36 $