Company: AFRM
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001820953-25-000012
Chunk: 132

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 2
Chunk 132
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 complete a purchase. Additionally, consumers can manage the pre and post purchase split of Affirm Card transactions into loan, manage payments, open a high-yield savings account, and access a personalized marketplace.

Our Company is predicated on the principles of simplicity, transparency, and putting people first. By adhering to these principles, we have built enduring, trust-based relationships with consumers and merchants that we believe will set us up for long-term, sustainable success. We believe our innovative approach uniquely positions us to define the future of commerce and payments.

Technology and data are at the core of everything we do. Our expertise in sourcing, aggregating, and analyzing data has been what we believe to be the key competitive advantage of our platform since our founding. We believe our proprietary technology platform and data give us a unique advantage in pricing risk. We use data to inform our risk scoring in order to generate value for our consumers, merchants, and capital partners. We also prioritize building our own technology and investing in product and engineering talent as we believe these are enduring competitive advantages that are difficult to replicate. Our solutions use the latest in machine learning, artificial intelligence, cloud-based technologies, and other modern tools to create differentiated and scalable products.

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Table of Contents

Three Months Ended December 31,Six Months Ended December 31,20242023$%20242023$%(in thousands, except percentages)Total revenue, net$866,381 $591,110 $275,271 47 %$1,564,861 $1,087,657 $477,204 44 %Total operating expenses870,703 763,261 107,442 14 %1,701,805 1,469,255 232,550 16 %Operating loss$(4,322)$(172,151)$167,829 (97)%$(136,944)$(381,598)$244,654 (64)%Other income, net87,181 4,549 82,632 1816 %121,483 43,256 78,227 181 %Income (loss) before income taxes$82,859 $(167,602)$250,461 (149)%$(15,461)$(338,342)$322,881 (95)%Income tax expense (benefit)2,499 (700)3,199 (457)%4,401 343 4,058 1183 %Net income (loss