Company: AFRM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050295
Chunk: 42

Company: Affirm Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 fair value24 (1,268)Amounts reclassified into earnings (1)(153)(224)Balance at end of period (2)$(1,548)$(85)(1)The amounts reclassified into earnings are presented in the interim condensed consolidated statements of operations and comprehensive income (loss) within funding costs.(2)As of September 30, 2025, we estimated that $0.6 million of net derivative losses included in AOCI are expected to be reclassified into earnings within the next 12 months.

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The following table summarizes the impact of the derivative instruments on income and indicates where within the interim consolidated statements of operations and comprehensive income (loss) such impact is reported (in thousands):Three Months Ended September 30,20252024Location of gains (losses) where the effects of derivatives are recordedThe effects of cash flow hedgingFunding costs$153 $224 The effects of derivatives not designated in hedging relationshipsOther income, net(1,188)(3,953)

Refer to Note 2. Summary of Significant Accounting Policies of our most recently filed Annual Report on Form 10-K and Note 12.  Fair Value of Financial Assets and Liabilities for additional information on our derivative instruments. 

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12.   Fair Value of Financial Assets and Liabilities

 Financial Assets and Liabilities Recorded at Fair ValueThe following tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2025 and June 30, 2025 (in thousands):September 30, 2025Level 1Level 2Level 3TotalAssets:Cash and cash equivalents:Money market funds$140,681 $— $— $140,681 Securities, available for sale:Certificates of deposit— 48,869 — 48,869 Corporate bonds— 261,399 — 261,399 Commercial paper— 121,998 — 121,998 Agency bonds— 4,998 — 4,998 Municipal bonds— 9,054 — 9,054 Government bonds:Non-US— 2,203 — 2,203 US— 300,622 — 300,622 Securitization notes receivable and residual trust certificates— — 54,263 54,263 Residual interests in structured transactions— — 4,017