Company: AFRM
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001820953-25-000052
Chunk: 42

Company: Affirm Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 2024Cash and cash equivalents:Money market funds$69,419 $63,389 Commercial paper61,883 57,964 Government bonds - US19,889 3,492 Securities available for sale:Certificates of deposit8,746 34,473 Corporate bonds242,800 242,660 Commercial paper86,088 239,882 Agency bonds13,444 15,159 Municipal bonds5,180 3,953 Government bondsNon-US5,286 5,275 US (1)367,769 538,556 Securitization notes receivable and certificates (2)50,857 51,670 Total marketable securities:$931,361 $1,256,473 (1)As of March 31, 2025 and June 30, 2024, these securities include $74.7 million and $54.1 million, respectively, pledged as collateral in connection with our standby letters of credit for office leases and certain commercial agreements.(2)These securities include $49.6 million and $46.7 million as of March 31, 2025 and June 30, 2024, respectively, pledged as collateral in connection with sale and repurchase agreements as discussed within Note 8. Debt.

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Securities Available for Sale, at Fair ValueThe amortized cost, gross unrealized gains and losses, allowance for credit losses, and fair value of securities available for sale as of March 31, 2025 and June 30, 2024 were as follows (in thousands):March 31, 2025Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesFair ValueCertificates of deposit$8,741 $5 $— $— $8,746 Corporate bonds242,249 715 (164)— 242,800 Commercial paper (1)147,977 5 (11)— 147,971 Agency bonds13,447 5 (8)— 13,444 Municipal bonds5,162 18 — — 5,180 Government bonds  Non-US5,284 5 (3)— 5,286      US (1) (2)387,267 495 (104)— 387,658 Securitization notes rece