Company: AFRM
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001820953-25-000012
Chunk: 7

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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Item 1. Financial Statements

AFFIRM HOLDINGS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS 

(Unaudited)

(in thousands, except shares and per share amounts)

December 31, 2024June 30, 2024AssetsCash and cash equivalents$1,200,381 $1,013,106 Restricted cash536,776 282,293 Securities available for sale at fair value666,684 1,131,628 Loans held for sale— 36 Loans held for investment6,796,167 5,670,056 Allowance for credit losses(363,831)(309,097)Loans held for investment, net6,432,336 5,360,959 Accounts receivable, net203,626 353,028 Property, equipment and software, net506,334 427,686 Goodwill521,699 533,439 Intangible assets12,193 13,502 Commercial agreement assets76,091 104,602 Other assets324,957 299,340 Total assets$10,481,077 $9,519,619 Liabilities and stockholders’ equityLiabilities:Accounts payable$50,626 $41,019 Payable to third-party loan owners157,245 159,643 Accrued interest payable25,357 24,327 Accrued expenses and other liabilities155,568 147,429 Convertible senior notes, net1,151,048 1,341,430 Notes issued by securitization trusts3,988,887 3,236,873 Funding debt2,166,806 1,836,909 Total liabilities7,695,537 6,787,630 Commitments and contingencies (Note 7)Stockholders’ equity:Class A common stock, par value $0.00001 per share: 3,030,000,000 shares authorized, 274,933,492 shares issued and outstanding as of December 31, 2024; 3,030,000,000 shares authorized, 267,305,456 shares issued and outstanding as of June 30, 20242 2 Class B common stock, par value $0.00001 per share: 140,000,000 shares authorized, 40,801,782 shares issued and outstanding as of December 31,