Company: AFRM
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001820953-25-000052
Chunk: 8

Company: Affirm Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 for investment(22,727,969)(15,557,208)Proceeds from the sale of loans held for investment8,122,806 4,180,019 Principal repayments and other loan servicing activity13,649,667 10,314,290 Additions to property, equipment and software(141,069)(121,040)Purchases of securities available for sale(553,595)(461,242)Proceeds from maturities and repayments of securities available for sale984,387 891,875 Other investing cash inflows/(outflows)37,224 (34,210)Net cash used in investing activities(628,550)(787,516)Cash flows from financing activitiesProceeds from the issuance of convertible notes920,000 — Proceeds from the issuance of funding debt14,023,995 8,825,076 Payment of debt issuance costs(42,759)(19,188)Principal repayments of funding debt(13,932,542)(8,964,832)Extinguishment of convertible debt(1,012,856)(25,560)Proceeds from issuance of notes and certificates by securitization trust1,750,000 1,601,828 Principal repayments of notes issued by securitization trust(900,000)(528,279)Proceeds from exercise of common stock options and warrants and contributions to ESPP49,915 26,321 Repurchase of common stock(250,000)— Payments of tax withholding for stock-based compensation(241,586)(148,186)Net cash provided by financing activities364,166 767,180 Effect of exchange rate changes on cash, cash equivalents and restricted cash(14,328)(1,292)Net increase in cash, cash equivalents and restricted cash440,560 359,747 Cash, cash equivalents and restricted cash, beginning of period1,295,399 1,259,944 Cash, cash equivalents and restricted cash, end of period$1,735,959 $1,619,691 

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

10

AFFIRM HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, CONT.

(Unaudited) 

(in thousands)

Nine Months Ended March 31,20252024Reconciliation to amounts on consolidated balance sheets (as of period end)Cash and cash