Affirm Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Aug 28, 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
Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Year ended June 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | |||
| Merchant network revenue | $674,607 | $507,600 | $458,511 |
| Card network revenue | 151,401 | 119,338 | 100,696 |
| Total network revenue | 826,008 | 626,938 | 559,207 |
| Interest income | 1,204,355 | 685,217 | 527,880 |
| Gain on sales of loans | 197,153 | 188,341 | 196,435 |
| Servicing income | 95,483 | 87,489 | 65,770 |
| Total revenue, net | $2,322,999 | $1,587,985 | $1,349,292 |
| Operating expenses | |||
| Loss on loan purchase commitment | $180,395 | $140,265 | $204,081 |
| Provision for credit losses | 460,628 | 331,860 | 255,272 |
| Funding costs | 344,253 | 183,013 | 69,694 |
| Processing and servicing | 343,249 | 257,343 | 157,814 |
| Technology and data analytics | 501,857 | 615,818 | 418,643 |
| Sales and marketing | 576,405 | 638,280 | 532,343 |
| General and administrative | 525,291 | 586,398 | 577,493 |
| Restructuring and other | 6,768 | 35,870 | — |
| Total operating expenses | 2,938,846 | 2,788,847 | 2,215,340 |
| Operating loss | $(615,847) | $(1,200,862) | $(866,048) |
| Other income, net | 100,320 | 211,617 | 141,217 |
| Loss before income taxes | $(515,527) | $(989,245) | $(724,831) |
| Income tax expense (benefit) | 2,230 | (3,900) | (17,414) |
| Net loss | $(517,757) | $(985,345) | $(707,417) |
| Other comprehensive income (loss) | |||
| Foreign currency translation adjustments | $(13,655) | $(8,143) | $(5,900) |
| Unrealized gain (loss) on securities available for sale, net | 6,857 | (882) | (8,022) |
| Gain on cash flow hedges | 656 | 751 | — |
| Net other comprehensive loss | (6,142) | (8,274) | (13,922) |
| Comprehensive loss | $(523,899) | $(993,619) | $(721,339) |
| Per share data: | |||
| Net loss per share attributable to common stockholders for Class A and Class B | |||
| Basic | $(1.67) | $(3.34) | $(2.51) |
| Diluted | $(1.67) | $(3.34) | $(2.51) |
| Weighted average common shares outstanding | |||
| Basic | 309,857,129 | 295,343,466 | 281,704,041 |
| Diluted | 309,857,129 | 295,343,466 | 281,704,041 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.