Company: AFRM
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001820953-25-000012
Chunk: 8

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 2024; 140,000,000 authorized, 43,747,575 shares issued and outstanding as of June 30, 20241 1 Additional paid in capital5,961,956 5,862,555 Accumulated deficit(3,128,866)(3,109,004)Accumulated other comprehensive loss(47,553)(21,565)Total stockholders’ equity2,785,540 2,731,989 Total liabilities and stockholders’ equity $10,481,077 $9,519,619 

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

5

Table of Contents

AFFIRM HOLDINGS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS, CONT. 

(Unaudited)

(in thousands)

    The following table presents the assets and liabilities of consolidated variable interest entities (“VIEs”), which are included in the interim condensed consolidated balance sheets above. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations. The liabilities in the table below include liabilities for which creditors do not have recourse to the general credit of the Company. Additionally, the assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs only and exclude intercompany balances that eliminate upon consolidation.

December 31, 2024June 30, 2024Assets of consolidated VIEs, included in total assets aboveRestricted cash$223,798 $145,829 Loans held for investment6,628,228 5,461,660 Allowance for credit losses(294,202)(242,991)Loans held for investment, net6,334,026 5,218,669 Accounts receivable, net2,969 2,961 Other assets6,349 10,676 Total assets of consolidated VIEs$6,567,142 $5,378,135 Liabilities of consolidated VIEs, included in total liabilities aboveAccounts payable$2,695 $2,830 Accrued interest payable24,963 24,220 Accrued expenses and other liabilities6,818 11,115 Notes issued by securitization trusts3,988,887 3,236,873 Funding debt2,115,772 1,794,984 Total liabilities of consolidated VIEs6,