Company: AFRM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050295
Chunk: 41

Company: Affirm Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 million and $303.4 million for the three months ended September 30, 2025 and 2024, respectively.For available for sale securities, no gains and losses were realized for the three months ended September 30, 2025 and September 30, 2024. 

36

Equity Securities Held at CostEquity security investments without a readily determinable fair value held at cost were $40.4 million and $40.3 million as of September 30, 2025 and June 30, 2025, respectively, and are included in other assets within the interim condensed consolidated balance sheets.We did not record any impairment during the three months ended September 30, 2025. We recognized an impairment of $3.0 million for the three months ended September 30, 2024 within other income, net in the interim consolidated statements of operations and comprehensive income (loss) in connection with one of our non-marketable equity security investments. 

 For the three months ended September 30, 2025 and 2024, there were no upward or downward adjustments due to observable changes in orderly transactions. 

11.   Derivative Financial Instruments

The following table summarizes the total fair value, including interest accruals, and outstanding notional amounts of derivative instruments as of September 30, 2025 and June 30, 2025 (in thousands):September 30, 2025June 30, 2025Notional AmountDerivative AssetsDerivative LiabilitiesNotional AmountDerivative AssetsDerivative LiabilitiesDerivatives designated as cash flow hedgesInterest rate contracts - cash flow hedges$100,000 $1 $13 $100,000 $86 $— Derivatives not designated as hedgesInterest rate contracts600,000 1,767 — 405,074 2,558 15 Risk sharing assets/liabilities$9,289,767 $41,565 $— $8,561,709 $43,179 $90 Total gross derivative assets/liabilities$9,989,767 $43,333 $13 $9,066,783 $45,823 $105 The following table summarizes the impact of the cash flow hedges on Accumulated Other Comprehensive Income (“AOCI”) (in thousands):Three Months Ended September 30,20252024Balance at beginning of period$(1,419)$1,407 Changes in