Affirm Holdings, Inc.

For the period ended Mar 31, 2026. Filed May 7, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 7, 2026

AFRM$65.95-3.1%Stored close · as of Nov 10, 2026

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Contents

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended March 31,
	2026	2025
Cash flows from operating activities
Net income (loss)	$313,180	$(17,058)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Provision for losses	573,448	460,056
Amortization of premiums and discounts on loans	(225,466)	(171,827)
Gain on sales of loans	(431,480)	(264,739)
Gain on extinguishment of debt	(1,537)	(82,418)
Changes in fair value of assets and liabilities	881	5,456
Amortization of commercial agreement assets	15,833	39,424
Amortization of debt issuance costs	20,804	23,298
Accrued interest on securities available for sale	(26,070)	(34,182)
Commercial agreement warrant expense	142,681	230,102
Stock-based compensation	237,490	255,938
Depreciation and amortization	215,985	161,081
Other	(32,090)	9,980
Change in operating assets and liabilities:
Purchases and origination of loans held for sale	(2,089,516)	(3,051,742)
Proceeds from the sale of loans held for sale	2,088,537	3,051,803
Accounts receivable, net	185,470	123,897
Other assets	(35,180)	(17,992)
Accounts payable	(23,230)	39
Payable to third-party loan buyers	(33,425)	17,353
Accrued interest payable	4,926	(383)
Accrued expenses and other liabilities	33,570	(18,813)
Net cash provided by operating activities	934,811	719,272
Cash flows from investing activities
Purchases and origination of loans held for investment	(33,397,975)	(22,727,969)
Proceeds from the sale of loans held for investment	14,103,336	8,122,806
Principal repayments and other loan servicing activity	17,925,622	13,649,667
Additions to property, equipment and software	(171,474)	(141,069)
Purchases of securities available for sale	(544,887)	(553,595)
Proceeds from maturities and repayments of securities available for sale	730,191	984,387
Other investing inflows	299	101,224
Other investing outflows	(279)	(64,000)
Net cash used in investing activities	(1,355,168)	(628,550)
Cash flows from financing activities
Proceeds from the issuance of convertible notes	—	920,000
Proceeds from the issuance of funding debt	27,331,029	14,023,995
Proceeds from issuance of notes and certificates by securitization trust	2,850,000	1,750,000
Principal repayments of funding debt	(26,521,828)	(13,932,542)
Principal repayments of notes issued by securitization trust	(2,350,000)	(900,000)
Payment of debt issuance costs	(30,874)	(42,759)
Extinguishment of convertible debt	(25,758)	(1,012,856)
Proceeds from exercise of common stock options and warrants and contributions to ESPP	142,680	49,915
Repurchase of common stock	—	(250,000)
Taxes paid related to net share settlement of equity awards	(251,210)	(241,586)
Net cash provided by financing activities	1,144,040	364,166
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(5,801)	(14,328)
Net increase in cash, cash equivalents and restricted cash	717,882	440,560
Cash, cash equivalents and restricted cash, beginning of period	1,756,423	1,295,399
Cash, cash equivalents and restricted cash, end of period	$2,474,305	$1,735,959

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.