Company: AFRM
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001820953-25-000012
Chunk: 65

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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— $36 $— $36 Loans held for investment, net5,360,959 — — 5,616,973 5,616,973 Other assets (1)43,212 — 43,212 — 43,212 Total assets$5,404,207 $— $43,248 $5,616,973 $5,660,221 Liabilities:Convertible senior notes, net (2)$1,341,430 $— $1,124,773 $— $1,124,773 Notes issued by securitization trusts3,236,873 — — 2,506,929 2,506,929 Funding debt (3)1,851,699 — — 1,851,685 1,851,685 Total liabilities$6,430,002 $— $1,124,773 $4,358,614 $5,483,387 (1)Amortized cost approximates fair value for loans held for sale and other assets.(2)As of December 31, 2024, includes convertible senior notes due 2026 with a carrying amount and fair value of $247.6 million and $224.6 million, respectively, and convertible senior notes due 2029 with a carrying amount and fair value of $903.5 million and $892.3 million, respectively. As of June 30, 2024, includes convertible senior notes due 2026 with a carrying amount and fair value of $1.3 billion and $1.1 billion, respectively. The estimated fair value of the convertible senior notes is determined based on a market approach, using the estimated or actual bids and offers of the notes in an over-the-counter market on the last business day of the period. 

(3)As of December 31, 2024 and June 30, 2024, debt issuance costs in the amount of $11.7 million and $14.8 million, respectively, was included within funding debt.    

13.   Stockholders’ Equity

Common StockWe had shares of common stock reserved for issuance as follows:December 31, 2024June 30, 2024Available outstanding under equity compensation plans47,446,210 47,622,117 Available for future grant under equity compensation plans51,199