Company: AFRM
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001628280-25-046264
Chunk: 20

Company: Affirm Holdings, Inc.
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 20
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 named executive officers were:

| Name             |     | Position                                                    |
| Max Levchin      |     | Founder, CEO and Chairman of the Board of Directors         |
| Rob O’Hare       |     | Chief Financial Officer1                                    |
| Michael Linford  |     | Chief Operating Officer and Former Chief Financial Officer1 |
| Libor Michalek   |     | President and Director                                      |
| Katherine Adkins |     | Chief Legal Officer and Chief Compliance Officer            |

(1) Mr. O’Hare has served as our Chief Financial Officer since November 2024. Prior to November 2024, Michael Linford also served as our Chief Financial Officer.

#### Executive Summary

#### Who We Are
We founded Affirm in 2012 with a mission to deliver honest financial products that improve lives. We are building the next generation payment network. We believe that by using modern technology, strong engineering talent, and a mission-driven approach, we can reinvent payments and commerce. Our solutions, which are built on trust and transparency, are designed to make it easier for consumers to spend and save responsibly and with confidence, easier for merchants and commerce platforms to convert sales and grow, and easier for commerce to thrive.

#### Fiscal 2025 Business Highlights
Fiscal 2025 was a year marked by significant achievements across our business. Fiscal 2025 business highlights included the following:

Financial Highlights

• Total revenue was $3.2 billion, an 39% increase from the fiscal year ended June 30, 2024 (“fiscal 2024”)

#### •

Total revenue less transaction costs* was $1.5 billion compared to $994.5 million in fiscal 2024

#### •

Operating loss was $87.3 million compared to $615.8 million in fiscal 2024

• Adjusted operating income* was $778.1 million compared to $380.9 million in fiscal 2024

#### •

Net income was $52.2 million compared to a net loss of $517.8 million in fiscal 2024

Operating Highlights

• Gross merchandise volume (“GMV”)** was $36.7 billion, a 38% increase from fiscal 2024

• Active consumers increased 23% from June 30, 2024 to 23.0 million consumers as of June 30, 2025

• Transactions per active consumer increased 20% from June 30, 2024 to approximately 5.8