Company: AFRM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050295
Chunk: 4

Company: Affirm Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 — — 107,263 Stock-based compensation— — 143,711 — — 143,711 Tax withholding on stock-based compensation— — (63,208)— — (63,208)Foreign currency translation adjustments— — — — 8,346 8,346 Unrealized gain on securities available for sale— — — — 5,589 5,589 Loss on cash flow hedges— — — — (1,492)(1,492)Net loss— — — (100,222)— (100,222)Balance as of September 30, 2024313,977,403 $3 $6,053,917 $(3,209,226)$(9,122)$2,835,572 

(1)The share amounts listed above combine Class A and Class B stock.

The accompanying notes are an integral part of these interim condensed consolidated financial statements.

8

AFFIRM HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(Unaudited) 

(in thousands)

Three Months Ended September 30,20252024Cash flows from operating activitiesNet income (loss)$80,694 $(100,222)Adjustments to reconcile net income (loss) to net cash used in operating activities:Provision for losses162,752 159,824 Amortization of premiums and discounts on loans(65,072)(52,064)Gain on sales of loans(119,049)(63,613)Gain on extinguishment of debt(1,495)(19,624)Changes in fair value of assets and liabilities(110)1,668 Amortization of commercial agreement assets8,056 14,256 Amortization of debt issuance costs6,828 6,083 Accrued interest on securities available for sale(9,959)(15,797)Commercial agreement warrant expense40,977 107,263 Stock-based compensation85,853 94,233 Depreciation and amortization65,329 46,720 Other (4,930)(2,209)Change in operating assets and liabilities:Purchases and origination of loans held for sale(749,202)(1,219,022)Proceeds from the sale of loans held for sale748,761 1,219,061 Accounts receivable,