Company: AFRM
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001820953-25-000052
Chunk: 59

Company: Affirm Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 Fair ValueThe following table presents the fair value and our assessment of the classification of this measurement within the fair value hierarchy for financial assets and liabilities held at amortized cost as of March 31, 2025 and June 30, 2024 (in thousands):March 31, 2025Carrying AmountLevel 1Level 2Level 3Balance at Fair ValueAssets:Loans held for sale (1)$1 $— $1 $— $1 Loans held for investment, net6,255,459 — — 6,682,131 6,682,131 Other assets (1)7,269 — 7,269 — 7,269 Total assets$6,262,729 $— $7,270 $6,682,131 $6,689,401 Liabilities:Convertible senior notes, net (2)$1,152,019 $— $1,044,657 $— $1,044,657 Notes issued by securitization trusts4,084,934 — — 4,113,689 4,113,689 Funding debt (3)1,926,795 — — 1,926,979 1,926,979 Total liabilities$7,163,748 $— $1,044,657 $6,040,669 $7,085,326  

51

June 30, 2024Carrying AmountLevel 1Level 2Level 3Balance at Fair ValueAssets:Loans held for sale (1)$36 $— $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 (