Company: AFRM
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001820953-25-000052
Chunk: 78

Company: Affirm Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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,170 137,569 108 %Servicing income32,050 25,294 6,756 27 %86,723 67,887 18,836 28 %Total revenue, net783,135 576,157 206,978 36 %2,347,995 1,663,814 684,181 41 %Operating expenses (2)Loss on loan purchase commitment57,290 44,143 13,147 30 %181,805 132,639 49,166 37 %Provision for credit losses147,252 122,443 24,809 20 %460,056 343,019 117,037 34 %Funding costs107,631 90,449 17,182 19 %319,539 248,997 70,542 28 %Processing and servicing118,398 88,209 30,189 34 %329,504 254,083 75,421 30 %Technology and data analytics152,620 124,828 27,792 22 %435,123 377,626 57,497 15 %Sales and marketing74,022 132,950 (58,928)(44)%355,293 441,081 (85,788)(19)%General and administrative134,303 128,721 5,582 4 %412,196 401,832 10,364 3 %Restructuring and other12 5,203 (5,191)(100)%(184)6,924 (7,108)(103)%Total operating expenses791,527 736,946 54,581 7 %2,493,332 2,206,201 287,131 13 %Operating loss$(8,393)$(160,789)$152,396 (95)%$(145,337)$(542,387)$397,050 (73)%Other income, net13,738 27,743 (14,005)(50)%135,221 70,999 64,222 90 %Income (loss) before income taxes$5,345 $(133,046)$138,391 (104)%$(10,116)$(471,388)$461,272 (98)%Income tax expense2,541 890 1