Affirm Holdings Inc
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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, 2025 · Filed May 9, 2025
AFRM$65.95-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except shares and per share amounts)
| March 31, 2025 | June 30, 2024 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $1,351,148 | $1,013,106 |
| Restricted cash | 384,811 | 282,293 |
| Securities available for sale at fair value | 780,170 | 1,131,628 |
| Loans held for sale | 1 | 36 |
| Loans held for investment | 6,630,446 | 5,670,056 |
| Allowance for credit losses | (374,987) | (309,097) |
| Loans held for investment, net | 6,255,459 | 5,360,959 |
| Accounts receivable, net | 220,279 | 353,028 |
| Property, equipment and software, net | 543,327 | 427,686 |
| Goodwill | 522,346 | 533,439 |
| Intangible assets | 12,416 | 13,502 |
| Commercial agreement assets | 65,178 | 104,602 |
| Other assets | 301,052 | 299,340 |
| Total assets | $10,436,187 | $9,519,619 |
| Liabilities and stockholders’ equity | ||
| Liabilities: | ||
| Accounts payable | $41,057 | $41,019 |
| Payable to third-party loan owners | 176,996 | 159,643 |
| Accrued interest payable | 23,944 | 24,327 |
| Accrued expenses and other liabilities | 173,629 | 147,429 |
| Convertible senior notes, net | 1,152,019 | 1,341,430 |
| Notes issued by securitization trusts | 4,084,934 | 3,236,873 |
| Funding debt | 1,908,693 | 1,836,909 |
| Total liabilities | 7,561,272 | 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, 281,746,395 shares issued and outstanding as of March 31, 2025; 3,030,000,000 shares authorized, 267,305,456 shares issued and outstanding as of June 30, 2024 | 2 | 2 |
| Class B common stock, par value $0.00001 per share: 140,000,000 shares authorized, 40,774,346 shares issued and outstanding as of March 31, 2025; 140,000,000 authorized, 43,747,575 shares issued and outstanding as of June 30, 2024 | 1 | 1 |
| Additional paid in capital | 6,045,479 | 5,862,555 |
| Accumulated deficit | (3,126,062) | (3,109,004) |
| Accumulated other comprehensive loss | (44,504) | (21,565) |
| Total stockholders’ equity | 2,874,916 | 2,731,989 |
| Total liabilities and stockholders’ equity | $10,436,187 | $9,519,619 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.