Affirm Holdings Inc

For the period ended Jun 30, 2024. Filed Aug 28, 2024.

About this filing

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$68.03-0.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

(in thousands, except shares and per share amounts)

	June 30, 2024	June 30, 2023
Assets
Cash and cash equivalents	$1,013,106	$892,027
Restricted cash	282,293	367,917
Securities available for sale at fair value	1,131,628	1,174,653
Loans held for sale	36	76
Loans held for investment	5,670,056	4,402,962
Allowance for credit losses	(309,097)	(204,531)
Loans held for investment, net	5,360,959	4,198,431
Accounts receivable, net	353,028	199,085
Property, equipment and software, net	427,686	290,135
Goodwill	533,439	542,571
Intangible assets	13,502	34,434
Commercial agreement assets	104,602	177,672
Other assets	299,340	278,614
Total assets	$9,519,619	$8,155,615
Liabilities and stockholders’ equity
Liabilities:
Accounts payable	$41,019	$28,602
Payable to third-party loan owners	159,643	53,852
Accrued interest payable	24,327	13,498
Accrued expenses and other liabilities	147,429	180,883
Convertible senior notes, net	1,341,430	1,414,208
Notes issued by securitization trusts	3,236,873	2,165,577
Funding debt	1,836,909	1,764,812
Total liabilities	6,787,630	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, 267,305,456 shares issued and outstanding as of June 30, 2024; 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, 43,747,575 shares issued and outstanding as of June 30, 2024; 140,000,000 authorized, 59,615,836 shares issued and outstanding as of June 30, 2023	1	1
Additional paid in capital	5,862,555	5,140,850
Accumulated deficit	(3,109,004)	(2,591,247)
Accumulated other comprehensive loss	(21,565)	(15,423)
Total stockholders’ equity	2,731,989	2,534,183
Total liabilities and stockholders’ equity	$9,519,619	$8,155,615

CONSOLIDATED BALANCE SHEETS, CONT.

(in thousands, except shares and per share amounts)

The following table presents the assets and liabilities of consolidated variable interest entities (“VIEs”), which are included in the consolidated balance sheets above. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations. The liabilities in the table below include liabilities for which creditors do not have recourse to the general credit of the Company. Additionally, the assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs only and exclude intercompany balances that eliminate upon consolidation.

	June 30, 2024	June 30, 2023
Assets of consolidated VIEs, included in total assets above
Restricted cash	$145,829	$203,872
Loans held for investment	5,461,660	4,151,606
Allowance for credit losses	(242,991)	(178,252)
Loans held for investment, net	5,218,669	3,973,354
Accounts receivable, net	2,961	8,196
Other assets	10,676	18,210
Total assets of consolidated VIEs	$5,378,135	$4,203,632
Liabilities of consolidated VIEs, included in total liabilities above
Accounts payable	$2,830	$2,894
Accrued interest payable	24,220	13,498
Accrued expenses and other liabilities	11,115	17,825
Notes issued by securitization trusts	3,236,873	2,165,577
Funding debt	1,794,984	1,656,400
Total liabilities of consolidated VIEs	5,070,022	3,856,194
Total net assets of consolidated VIEs	$308,113	$347,438

ContentsView on SEC.gov

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