Affirm Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
View on SEC.govAbout 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.
Dec 31, 2023 · Filed Feb 8, 2024
AFRM$65.95-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except shares and per share amounts)
| December 31, 2023 | June 30, 2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $1,036,719 | $892,027 |
| Restricted cash | 411,259 | 367,917 |
| Securities available for sale at fair value | 914,069 | 1,174,653 |
| Loans held for sale | 29 | 76 |
| Loans held for investment | 5,238,812 | 4,402,962 |
| Allowance for credit losses | (262,204) | (204,531) |
| Loans held for investment, net | 4,976,608 | 4,198,431 |
| Accounts receivable, net | 307,286 | 199,085 |
| Property, equipment and software, net | 369,854 | 290,135 |
| Goodwill | 541,156 | 542,571 |
| Intangible assets | 17,407 | 34,434 |
| Commercial agreement assets | 134,558 | 177,672 |
| Other assets | 356,044 | 278,614 |
| Total assets | $9,064,989 | $8,155,615 |
| Liabilities and stockholders’ equity | ||
| Liabilities: | ||
| Accounts payable | $59,805 | $28,602 |
| Payable to third-party loan owners | 134,567 | 53,852 |
| Accrued interest payable | 22,181 | 13,498 |
| Accrued expenses and other liabilities | 150,272 | 180,883 |
| Convertible senior notes, net | 1,415,952 | 1,414,208 |
| Notes issued by securitization trusts | 2,740,656 | 2,165,577 |
| Funding debt | 1,906,672 | 1,764,812 |
| Total Liabilities | 6,430,105 | 5,621,432 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ equity: | ||
| Class A common stock, par value $0.00001 per share: 3,030,000,000 shares authorized, 258,034,539 shares issued and outstanding as of December 31, 2023; 3,030,000,000 shares authorized, 237,230,381 shares issued and outstanding as of June 30, 2023 | 2 | 2 |
| Class B common stock, par value $0.00001 per share: 140,000,000 shares authorized, 47,499,807 shares issued and outstanding as of December 31, 2023; 140,000,000 authorized, 59,615,836 shares issued and outstanding as of June 30, 2023 | 1 | 1 |
| Additional paid in capital | 5,571,955 | 5,140,850 |
| Accumulated deficit | (2,929,932) | (2,591,247) |
| Accumulated other comprehensive loss | (7,142) | (15,423) |
| Total stockholders’ equity | 2,634,884 | 2,534,183 |
| Total liabilities and stockholders’ equity | $9,064,989 | $8,155,615 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.