Affirm Holdings, Inc. (AFRM) financial statements: income statement, balance sheet and cash flow
Affirm Holdings, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jun 30, 2026 · FY), Affirm Holdings, Inc. reported revenue of $4.3B (+32.2% year on year) and net income of $1.9B (+3597.9% year on year).
Income statement
Affirm Holdings, Inc. income statement, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Revenue
$1.4B
$1.1B
$826.0M
$626.9M
Interest income
$2.0B
$1.6B
$1.2B
$685.2M
Gain on sales of loans
$596.6M
$381.6M
$197.2M
$188.3M
Servicing income
$173.1M
$120.6M
$95.5M
$87.5M
Total revenue, net
$4.3B
$3.2B
$2.3B
$1.6B
Loss on loan purchase commitment
$311.9M
$242.3M
$180.4M
$140.3M
Provision for credit losses
$796.6M
$616.7M
$460.6M
$331.9M
Funding costs
$454.0M
$425.5M
$344.3M
$183.0M
Processing and servicing
$613.6M
$457.8M
$343.2M
$257.3M
Technology and data analytics
$747.1M
$589.7M
$501.9M
$615.8M
Sales and marketing
$342.5M
$434.8M
$576.4M
$638.3M
General and administrative
$578.3M
$545.1M
$525.3M
$586.4M
Restructuring and other
$0
($184.0K)
$6.8M
$35.9M
Total operating expenses
$3.8B
$3.3B
$2.9B
$2.8B
Operating income (loss)
$417.0M
($87.3M)
($615.8M)
($1.2B)
Other income, net
$75.8M
$148.7M
$100.3M
$211.6M
Income (loss) before income taxes
$492.7M
$61.5M
($515.5M)
($989.2M)
Income tax expense (benefit)
($1.4B)
$9.3M
$2.2M
($3.9M)
Net income (loss)
$1.9B
$52.2M
($517.8M)
($985.3M)
Foreign currency translation adjustments
($24.9M)
$6.0M
($13.7M)
($8.1M)
Unrealized gain (loss) on securities available for sale, net
($1.9M)
$3.3M
$6.9M
($882.0K)
Gain (loss) on cash flow hedges
$5.4M
($2.8M)
$656.0K
$751.0K
Net other comprehensive income (loss)
($21.3M)
$6.5M
($6.1M)
($8.3M)
Comprehensive income (loss)
$1.9B
$58.7M
($523.9M)
($993.6M)
Basic (in USD per share)
$5.76
$0.16
-$1.67
-$3.34
Diluted (in USD per share)
$5.53
$0.15
-$1.67
-$3.34
Basic (in shares)
335.2M
322.9M
309.9M
295.3M
Diluted (in shares)
348.8M
341.0M
309.9M
295.3M
Affirm Holdings, Inc. income statement, quarters
Line item
Mar 31, 2026 · Q3
Dec 31, 2025 · Q2
Sep 30, 2025 · Q1
Mar 31, 2025 · Q3
Revenue
$334.5M
$401.4M
$320.5M
$272.5M
Interest income
$532.4M
$493.6M
$454.1M
$402.7M
Gain on sales of loans
$127.2M
$185.2M
$119.0M
$75.8M
Servicing income
$44.6M
$42.7M
$39.7M
$32.0M
Total revenue, net
$1.0B
$1.1B
$933.3M
$783.1M
Loss on loan purchase commitment
$68.0M
$96.1M
$71.6M
$57.3M
Provision for credit losses
$196.5M
$214.2M
$162.8M
$147.3M
Funding costs
$113.8M
$111.7M
$110.0M
$107.6M
Processing and servicing
$162.3M
$158.6M
$133.8M
$118.4M
Technology and data analytics
$191.6M
$184.9M
$168.1M
$152.6M
Sales and marketing
$72.9M
$98.8M
$78.5M
$74.0M
General and administrative
$145.3M
$141.2M
$144.9M
$134.3M
Restructuring and other
$0
$0
$0
$12.0K
Total operating expenses
$950.3M
$1.0B
$869.7M
$791.5M
Operating income (loss)
$88.4M
$117.6M
$63.7M
($8.4M)
Other income, net
$18.9M
$15.6M
$19.4M
$13.7M
Income (loss) before income taxes
$107.4M
$133.2M
$83.0M
$5.3M
Income tax expense
$4.5M
$3.7M
$2.3M
$2.5M
Net income (loss)
$102.9M
$129.6M
$80.7M
$2.8M
Foreign currency translation adjustments
($10.7M)
$7.8M
($10.0M)
$3.5M
Unrealized gain (loss) on securities available for sale, net
($1.1M)
($81.0K)
$812.0K
($1.3M)
Gain (loss) on cash flow hedges
$5.1M
($305.0K)
($129.0K)
$778.0K
Net other comprehensive income (loss)
($6.7M)
$7.5M
($9.3M)
$3.0M
Comprehensive income (loss)
$96.2M
$137.0M
$71.4M
$5.9M
Basic (in USD per share)
$0.31
$0.39
$0.24
$0.01
Diluted (in USD per share)
$0.30
$0.37
$0.23
$0.01
Basic (in shares)
337.1M
334.3M
330.2M
324.1M
Diluted (in shares)
348.1M
349.4M
348.3M
344.2M
Balance sheet
Affirm Holdings, Inc. balance sheet, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Cash and cash equivalents
$1.6B
$1.4B
$1.0B
$892.0M
Restricted cash
$803.0M
$402.0M
$282.3M
$367.9M
Securities available for sale at fair value
$972.6M
$871.4M
$1.1B
$1.2B
Loans held for sale
$1.0K
$0
$36.0K
$76.0K
Loans held for investment
$9.6B
$7.0B
$5.7B
$4.4B
Allowance for credit losses
($563.3M)
($396.9M)
($309.1M)
($204.5M)
Loans held for investment, net
$9.0B
$6.6B
$5.4B
$4.2B
Accounts receivable, net
$284.4M
$426.2M
$353.0M
$199.1M
Property, equipment and software, net
$685.8M
$572.6M
$427.7M
$290.1M
Goodwill
$524.5M
$534.2M
$533.4M
$542.6M
Intangible assets
$26.4M
$12.9M
$13.5M
$34.4M
Commercial agreement assets
$38.3M
$57.2M
$104.6M
$177.7M
Deferred tax assets
$1.5B
—
—
—
Other assets
$360.6M
$295.4M
$299.3M
$278.6M
Total assets
$15.8B
$11.2B
$9.5B
$8.2B
Common stock
$3.0K
$3.0K
$3.0K
—
Additional paid in capital
$6.6B
$6.1B
$5.9B
$5.1B
Accumulated deficit
($1.1B)
($3.1B)
($3.1B)
($2.6B)
Accumulated other comprehensive loss
($36.4M)
($15.1M)
($21.6M)
($15.4M)
Total stockholders’ equity
$5.5B
$3.1B
$2.7B
$2.5B
Total liabilities
$10.3B
$8.1B
$6.8B
$5.6B
Total liabilities and stockholders’ equity
$15.8B
$11.2B
$9.5B
$8.2B
Accounts payable
$84.6M
$82.8M
$41.0M
$28.6M
Payable to third-party loan owners
$199.6M
$211.7M
$159.6M
$53.9M
Accrued interest payable
$28.6M
$24.5M
$24.3M
$13.5M
Accrued expenses and other liabilities
$199.5M
$157.3M
$147.4M
$180.9M
Convertible senior notes, net
$1.1B
$1.2B
$1.3B
$1.4B
Notes issued by securitization trusts
$5.3B
$4.8B
$3.2B
$2.2B
Funding debt
$3.3B
$1.6B
$1.8B
$1.8B
Total net assets of consolidated VIEs
$487.6M
$205.7M
$308.1M
—
Affirm Holdings, Inc. balance sheet, quarters
Line item
Mar 31, 2026
Dec 31, 2025
Sep 30, 2025
Mar 31, 2025
Accounts payable
$59.6M
$57.2M
$58.0M
$41.1M
Payable to third-party loan owners
$178.3M
$130.3M
$193.8M
$177.0M
Accrued interest payable
$28.5M
$28.8M
$25.6M
$23.9M
Accrued expenses and other liabilities
$217.9M
$184.5M
$165.8M
$173.6M
Convertible senior notes, net
$1.1B
$1.1B
$1.1B
$1.2B
Notes issued by securitization trusts
$5.3B
$4.8B
$4.8B
$4.1B
Funding debt
$2.4B
$3.0B
$1.8B
$1.9B
Total liabilities
$9.4B
$9.4B
$8.2B
$7.6B
Common stock
$3.0K
$3.0K
$3.0K
$3.0K
Additional paid in capital
$6.6B
$6.4B
$6.3B
$6.0B
Accumulated deficit
($2.7B)
($2.8B)
($3.0B)
($3.1B)
Accumulated other comprehensive loss
($23.6M)
($16.9M)
($24.4M)
($44.5M)
Total stockholders’ equity
$3.8B
$3.5B
$3.3B
$2.9B
Total liabilities and stockholders’ equity
$13.1B
$13.0B
$11.5B
$10.4B
Cash and cash equivalents
$1.7B
$1.5B
$1.4B
$1.4B
Restricted cash
$750.9M
$566.7M
$668.8M
$384.8M
Securities available for sale at fair value
$757.6M
$723.4M
$812.4M
$780.2M
Loans held for sale
$0
$6.0K
$12.0K
$1.0K
Loans held for investment
$8.6B
$8.8B
$7.2B
$6.6B
Allowance for credit losses
($512.3M)
($478.1M)
($425.8M)
($375.0M)
Loans held for investment, net
$8.1B
$8.3B
$6.8B
$6.3B
Accounts receivable, net
$230.7M
$268.2M
$283.7M
$220.3M
Property, equipment and software, net
$668.3M
$639.9M
$613.9M
$543.3M
Goodwill
$529.3M
$533.4M
$529.9M
$522.3M
Intangible assets
$27.4M
$12.6M
$12.7M
$12.4M
Commercial agreement assets
$41.4M
$44.4M
$49.2M
$65.2M
Other assets
$351.9M
$345.0M
$269.7M
$301.1M
Total assets
$13.1B
$13.0B
$11.5B
$10.4B
Total net assets of consolidated VIEs
$491.8M
$488.2M
$332.7M
$262.6M
Cash flow statement
Affirm Holdings, Inc. cash flow statement, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Net income (loss)
$1.9B
$52.2M
($517.8M)
($985.3M)
Provision for losses
$796.6M
$616.7M
$460.6M
—
Amortization of premiums and discounts on loans
($305.4M)
($233.8M)
($187.7M)
($141.1M)
Gain on sales of loans
($596.6M)
($381.6M)
($197.2M)
($188.3M)
Gain on extinguishment of debt
($1.5M)
($82.4M)
($12.6M)
($89.8M)
Changes in fair value of assets and liabilities
$444.0K
$7.1M
($2.8M)
($15.9M)
Amortization of commercial agreement assets
$18.9M
$47.4M
$73.1M
$85.5M
Amortization of debt issuance costs
$28.2M
$30.4M
$24.5M
$20.5M
Accrued interest on securities available for sale
($35.4M)
—
—
—
Commercial agreement warrant expense
$192.3M
$271.6M
$406.7M
$421.9M
Stock-based compensation
$304.7M
$321.4M
$344.5M
$451.7M
Depreciation and amortization
$303.3M
$225.1M
$169.0M
$134.6M
Impairment of right of use assets
$0
$0
$752.0K
$1.2M
Deferred income tax expense (benefit)
($1.5B)
—
—
—
Other
($36.1M)
$13.7M
($25.3M)
($8.8M)
Purchases and origination of loans held for sale
($2.6B)
($3.4B)
($4.2B)
—
Proceeds from the sale of loans held for sale
$2.6B
$3.4B
$4.2B
$6.2B
Accounts receivable, net
$132.6M
($85.0M)
($167.8M)
($67.7M)
Other assets
($50.1M)
($12.2M)
$31.2M
($14.5M)
Accounts payable
$1.8M
$41.8M
$12.4M
($5.0M)
Payable to third-party loan owners
($12.1M)
$52.1M
$105.8M
($17.5M)
Accrued interest payable
$5.2M
$2.4M
$11.1M
$7.9M
Accrued expenses and other liabilities
$10.8M
($48.9M)
($55.2M)
($38.2M)
Net cash provided by operating activities
$1.2B
$793.9M
$450.1M
$12.2M
Purchases and origination of loans held for investment
($46.7B)
($32.5B)
($21.5B)
($13.6B)
Proceeds from the sale of loans held for investment
$19.7B
$12.6B
$6.1B
$1.6B
Principal repayments and other loan servicing activity
$24.7B
$18.7B
$14.1B
$10.0B
Additions to property, equipment and software
($238.3M)
($192.2M)
($159.3M)
($120.8M)
Purchases of securities available for sale
($992.9M)
($823.9M)
($986.1M)
($1.1B)
Proceeds from maturities and repayments of securities available for sale
$1.0B
$1.2B
$1.1B
$1.5B
Other investing inflows
$369.0K
$99.9M
—
—
Other investing outflows
($754.0K)
($65.0M)
—
—
Net cash used in investing activities
($2.6B)
($1.1B)
($1.3B)
($1.7B)
Proceeds from the issuance of convertible notes
$0
$920.0M
—
—
Proceeds from the issuance of funding debt
$38.1B
$21.2B
$12.6B
$6.9B
Proceeds from issuance of notes and certificates by securitization trust
$2.9B
$2.5B
$2.4B
$1.1B
Principal repayments of funding debt
($36.3B)
($21.4B)
($12.6B)
($5.8B)
Principal repayments of notes issued by securitization trust
($2.4B)
($900.0M)
($1.3B)
($606.3M)
Payment of debt issuance costs
($35.5M)
($49.2M)
($27.3M)
($22.4M)
Extinguishment of convertible debt
($25.8M)
($1.0B)
($63.6M)
($206.6M)
Proceeds from exercise of common stock options and warrants and contributions to ESPP
$158.9M
$60.7M
$33.1M
$15.8M
Repurchase of common stock
$0
($250.0M)
$0
($109.0K)
Taxes paid related to net share settlement of equity awards
-325.2M
—
—
—
Net cash provided by financing activities
$2.0B
$751.4M
$913.1M
$1.3B
Effect of exchange rate changes on cash, cash equivalents and restricted cash
($10.6M)
($1.2M)
($2.7M)
$81.0K
Affirm Holdings, Inc. cash flow statement, quarters
Line item
Mar 31, 2026 · YTD
Dec 31, 2025 · YTD
Sep 30, 2025 · Q1
Mar 31, 2025 · YTD
Net income (loss)
$313.2M
$210.3M
$80.7M
($17.1M)
Provision for losses
$573.4M
$376.9M
$162.8M
$460.1M
Amortization of premiums and discounts on loans
($225.5M)
($144.0M)
($65.1M)
($171.8M)
Gain on sales of loans
($431.5M)
($304.3M)
($119.0M)
($264.7M)
Gain on extinguishment of debt
($1.5M)
($1.5M)
($1.5M)
($82.4M)
Changes in fair value of assets and liabilities
$881.0K
$1.9M
($110.0K)
$5.5M
Amortization of commercial agreement assets
$15.8M
$12.8M
$8.1M
$39.4M
Amortization of debt issuance costs
$20.8M
$14.1M
$6.8M
$23.3M
Accrued interest on securities available for sale
($26.1M)
($18.3M)
($10.0M)
—
Commercial agreement warrant expense
$142.7M
$102.2M
$41.0M
$230.1M
Stock-based compensation
$237.5M
$163.7M
$85.9M
$255.9M
Depreciation and amortization
$216.0M
$140.9M
$65.3M
$161.1M
Other
($32.1M)
($19.1M)
($4.9M)
$10.0M
Purchases and origination of loans held for sale
($2.1B)
($1.5B)
($749.2M)
($3.1B)
Proceeds from the sale of loans held for sale
$2.1B
$1.5B
$748.8M
$3.1B
Accounts receivable, net
$185.5M
$149.9M
$138.9M
$123.9M
Other assets
($35.2M)
($39.0M)
$31.0M
($18.0M)
Accounts payable
($23.2M)
($25.6M)
($24.8M)
$39.0K
Payable to third-party loan buyers
($33.4M)
($81.4M)
($17.9M)
$17.4M
Accrued interest payable
$4.9M
$5.1M
$1.6M
($383.0K)
Accrued expenses and other liabilities
$33.6M
$4.5M
($3.6M)
($18.8M)
Net cash provided by operating activities
$934.8M
$548.3M
$374.6M
$719.3M
Purchases and origination of loans held for investment
($33.4B)
($22.5B)
($9.8B)
($22.7B)
Proceeds from the sale of loans held for investment
$14.1B
$9.6B
$4.3B
$8.1B
Principal repayments and other loan servicing activity
$17.9B
$11.2B
$5.4B
$13.6B
Additions to property, equipment and software
($171.5M)
($110.1M)
($54.4M)
($141.1M)
Purchases of securities available for sale
($544.9M)
($214.4M)
($146.5M)
($553.6M)
Proceeds from maturities and repayments of securities available for sale
$730.2M
$426.7M
$216.4M
$984.4M
Other investing inflows
$299.0K
$141.0K
$61.0K
—
Other investing outflows
($279.0K)
$0
$0
—
Net cash used in investing activities
($1.4B)
($1.5B)
($139.6M)
($628.5M)
Proceeds from the issuance of convertible notes
$0
$0
—
$920.0M
Proceeds from the issuance of funding debt
$27.3B
$17.3B
$8.0B
$14.0B
Proceeds from issuance of notes and certificates by securitization trust
$2.9B
$1.1B
$1.1B
$1.8B
Principal repayments of funding debt
($26.5B)
($15.9B)
($7.8B)
($13.9B)
Principal repayments of notes issued by securitization trust
($2.4B)
($1.1B)
($1.1B)
($900.0M)
Payment of debt issuance costs
($30.9M)
($10.7M)
($9.5M)
($42.8M)
Extinguishment of convertible debt
($25.8M)
($25.8M)
($24.8M)
($1.0B)
Proceeds from exercise of common stock options and warrants and contributions to ESPP
$142.7M
$104.1M
$94.8M
$49.9M
Repurchase of common stock
$0
$0
—
($250.0M)
Taxes paid related to net share settlement of equity awards
($251.2M)
($193.2M)
($112.3M)
—
Net cash provided by financing activities
$1.1B
$1.3B
$110.1M
$364.2M
Effect of exchange rate changes on cash, cash equivalents and restricted cash
($5.8M)
($2.2M)
($3.9M)
($14.3M)
Net increase in cash, cash equivalents and restricted cash
$717.9M
$338.1M
$341.2M
$440.6M
Cash, cash equivalents and restricted cash, beginning of period