Company: AFRM
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001820953-25-000052
Chunk: 23

Company: Affirm Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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427,686 Depreciation and amortization expense on property, equipment and software was $59.4 million and $159.8 million for the three and nine months ended March 31, 2025, respectively, and $43.2 million and $105.7 million for the three and nine months ended March 31, 2024, respectively.No impairment losses related to property, equipment and software were recorded during the three and nine months ended March 31, 2025 and 2024.

21

Goodwill and Intangible AssetsThe changes in the carrying amount of goodwill during the nine months ended March 31, 2025 were as follows (in thousands):Balance as of June 30, 2024$533,439 Adjustments (1)(11,093)Balance as of March 31, 2025$522,346 (1)Adjustments to goodwill during the nine months ended March 31, 2025 pertained to foreign currency translation adjustments.No impairment losses related to goodwill were recorded during the three and nine months ended March 31, 2025. There were no impairment losses during the three months ended March 31, 2024. During the nine months ended March 31, 2024, we recognized goodwill disposal losses of $1.0 million included in general and administrative expenses within the interim condensed consolidated statements of operations and comprehensive income (loss).Intangible assets consisted of the following (in thousands):March 31, 2025GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life (in years)Merchant relationships$37,430 $(37,430)$— 0.0Developed technology39,176 (39,087)89 0.0Assembled workforce12,490 (12,490)— 0.0Trademarks and domains, definite1,406 (1,270)136 0.5Trademarks, licenses and domains, indefinite 11,841 — 11,841 IndefiniteOther intangibles350 — 350 IndefiniteTotal intangible assets$102,693 $(90,277)$12,416 June 30, 2024GrossAccumulated AmortizationNetWeighted AverageRemaining Useful Life(in years)Merchant relationships$37,847 $(36,741)$1,106 0.1Developed technology39,444 (39,311)133 0.0As