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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (Unaudited)
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
(in thousands, except share amounts)
| Common Stock · Additional Paid-In Capital · Accumulated Deficit · Accumulated Other Comprehensive Loss · Total Stockholders’ Equity | ||||||
|---|---|---|---|---|---|---|
| Shares (1) · Amount | ||||||
| Balance as of June 30, 2023 | 296,846,217 | $3 | $5,140,850 | $(2,591,247) | $(15,423) | $2,534,183 |
| Issuance of common stock upon exercise of stock options | 495,350 | — | 3,625 | — | — | 3,625 |
| Vesting of restricted stock units | 3,740,320 | — | — | — | — | — |
| Vesting of warrants for common stock | — | — | 95,910 | — | — | 95,910 |
| Stock-based compensation | — | — | 151,162 | — | — | 151,162 |
| Tax withholding on stock-based compensation | — | — | (36,515) | — | — | (36,515) |
| Foreign currency translation adjustments | — | — | — | — | (11,898) | (11,898) |
| Unrealized gain on securities available for sale | — | — | — | — | 1,353 | 1,353 |
| Gain on cash flow hedges | — | — | — | — | 763 | 763 |
| Net loss | — | — | — | (171,783) | — | (171,783) |
| Balance as of September 30, 2023 | 301,081,887 | $3 | $5,355,032 | $(2,763,030) | $(25,205) | $2,566,800 |
| Issuance of common stock upon exercise of stock options | 1,922,621 | — | 17,419 | — | — | 17,419 |
| Issuance of common stock, employee share purchase plan | 333,847 | — | 4,137 | — | — | 4,137 |
| Vesting of restricted stock units | 2,195,991 | — | — | — | — | — |
| Vesting of warrants for common stock | — | — | 114,705 | — | — | 114,705 |
| Stock-based compensation | — | — | 119,821 | — | — | 119,821 |
| Tax withholding on stock-based compensation | — | — | (39,159) | — | — | (39,159) |
| Foreign currency translation adjustments | — | — | — | — | 13,824 | 13,824 |
| Unrealized gain on securities available for sale | — | — | — | — | 4,853 | 4,853 |
| Loss on cash flow hedges | — | — | — | — | (614) | (614) |
| Net loss | — | — | — | (166,902) | — | (166,902) |
| Balance as of December 31, 2023 | 305,534,346 | $3 | $5,571,955 | $(2,929,932) | $(7,142) | $2,634,884 |
(1)The share amounts listed above combine common stock, Class A common stock and Class B common stock.
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
(in thousands, except share amounts)
| Common Stock · Additional Paid-In Capital · Accumulated Deficit · Accumulated Other Comprehensive Income · Total Stockholders’ Equity | ||||||
|---|---|---|---|---|---|---|
| Shares (1) · Amount | ||||||
| Balance as of June 30, 2022 | 287,365,373 | $3 | $4,231,303 | $(1,605,902) | $(7,149) | $2,618,255 |
| Issuance of common stock upon exercise of stock options | 215,949 | — | 1,192 | — | — | 1,192 |
| Forfeiture of common stock related to acquisitions | (243,384) | — | — | — | — | — |
| Repurchases of common stock | (12,437) | — | (109) | — | — | (109) |
| Vesting of restricted stock units | 2,166,715 | — | — | — | — | — |
| Vesting of warrants for common stock | — | — | 108,742 | — | — | 108,742 |
| Stock-based compensation | — | — | 141,012 | — | — | 141,012 |
| Tax withholding on stock-based compensation | — | — | (27,311) | — | — | (27,311) |
| Foreign currency translation adjustments | — | — | — | — | (21,546) | (21,546) |
| Unrealized loss on securities available for sale | — | — | — | — | (5,528) | (5,528) |
| Net loss | — | — | — | (251,269) | — | (251,269) |
| Balance as of September 30, 2022 | 289,492,216 | $3 | $4,454,829 | $(1,857,171) | $(34,223) | $2,563,438 |
| Issuance of common stock upon exercise of stock options | 300,903 | — | 1,372 | — | — | 1,372 |
| Issuance of common stock, employee share purchase plan | 500,443 | — | 5,921 | — | — | 5,921 |
| Vesting of restricted stock units | 1,798,218 | — | — | — | — | — |
| Vesting of warrants for common stock | — | — | 128,054 | — | — | 128,054 |
| Stock-based compensation | — | — | 144,218 | — | — | 144,218 |
| Tax withholding on stock-based compensation | — | — | (18,009) | — | — | (18,009) |
| Foreign currency translation adjustments | — | — | — | — | 4,522 | 4,522 |
| Unrealized loss on securities available for sale | — | — | — | — | 3,069 | 3,069 |
| Net loss | — | — | — | (322,437) | — | (322,437) |
| Balance as of December 31, 2022 | 292,091,780 | $3 | $4,716,385 | $(2,179,608) | $(26,632) | $2,510,148 |
(1)The share amounts listed above combine common stock, Class A common stock and Class B common stock.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.