Company: AFRM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050295
Chunk: 37

Company: Affirm Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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4 million and $34.5 million as of September 30, 2025 and June 30, 2025, respectively, pledged as collateral in connection with sale and repurchase agreements as discussed within Note 8. Debt.

33

Securities Available for Sale, at Fair ValueThe amortized cost, gross unrealized gains and losses, allowance for credit losses, and fair value of securities available for sale as of September 30, 2025 and June 30, 2025 were as follows (in thousands):September 30, 2025Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesFair ValueCertificates of deposit$48,807 $62 $— $— $48,869 Corporate bonds260,468 934 (3)— 261,399 Commercial paper121,914 84 — — 121,998 Agency bonds4,999 — (1)— 4,998 Municipal bonds9,023 31 — — 9,054 Government bonds  Non-US2,191 12 — — 2,203      US  (2)300,082 548 (8)— 300,622 Securitization notes receivable and certificates (3)54,892 197 (73)(753)54,263 Residual interests in structured transactions3,751 266 — — 4,017 Other5,006 13 — — 5,019 Total securities available for sale$811,133 $2,147 $(85)$(753)$812,442 June 30, 2025Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesFair ValueCertificates of deposit$38,990 $18 $— $— $39,008 Corporate bonds263,495 759 (55)— 264,199 Commercial paper (1)139,336 7 (18)— 139,325 Agency bonds (1)11,358 — (11)— 11,347 Municipal bonds6,057 19 — — 6,076 Government bondsNon-US5,331 9 — — 5,340      US (2)349,149