Affirm Holdings, Inc. (AFRM) Financial Statements (2023 and earlier)

Company Profile

Business Address 650 CALIFORNIA STREET
SAN FRANCISCO, CA 94108
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 6141 - Personal Credit Institutions (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,440,3331,255,1711,466,558
Cash and cash equivalents1,440,3331,255,1711,466,558
Prepaid expense 14,33835,172111,278
Total current assets:1,454,6711,290,3431,577,836
Noncurrent Assets
Operating lease, right-of-use asset43,61450,67157,828
Property, plant and equipment248,939171,48262,499
Intangible assets, net (including goodwill)591,385618,476584,445
Goodwill527,630539,534516,515
Intangible assets, net (excluding goodwill)63,75578,94267,930
Total noncurrent assets:883,938840,629704,772
Other undisclosed assets5,466,1424,842,8202,584,359
TOTAL ASSETS:7,804,7516,973,7924,866,967
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities5,294,6034,355,5372,285,814
Total liabilities:5,294,6034,355,5372,285,814
Equity
Equity, attributable to parent, including:2,510,1482,618,2552,581,153
Additional paid in capital4,716,3854,231,3033,462,762
Accumulated other comprehensive income (loss)(26,632)(7,149)6,769
Accumulated deficit(2,179,608)(1,605,902)(888,381)
Other undisclosed equity, attributable to parent333
Total equity:2,510,1482,618,2552,581,153
TOTAL LIABILITIES AND EQUITY:7,804,7516,973,7924,866,967

Income Statement (P&L) ($ in thousands)

6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
Revenues1,480,0781,349,292870,464
Gain on disposition of assets for financial service operations230,968196,43589,926
Net investment income426,374365,993237,526
Cost of revenue(1,306,370)(1,081,642)(678,983)
Provision for loan, lease, and other losses (309,924)(255,272)(65,878)
Gross profit:173,708267,650191,481
Operating expenses(1,324,484)(1,133,698)(570,674)
Operating loss:(1,150,776)(866,048)(379,193)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
316,394141,217(54,073)
Interest and debt expense(104,058)(69,694)(6,416)
Loss from continuing operations before equity method investments, income taxes:(938,440)(794,525)(439,682)
Other undisclosed income (loss) from continuing operations before income taxes104,05869,6946,416
Loss from continuing operations before income taxes:(834,382)(724,831)(433,266)
Income tax benefit19,60917,4142,343
Loss from continuing operations:(814,773)(707,417)(430,923)
Loss before gain (loss) on sale of properties:(492,336)(707,417)(430,923)
Net loss available to common stockholders, diluted:(814,773)(707,417)(430,923)

Comprehensive Income ($ in thousands)

6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
Net loss:(814,773)(707,417)(430,923)
Comprehensive loss:(814,773)(707,417)(430,923)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(31,008)(13,922)7,071
Comprehensive loss, net of tax, attributable to parent:(845,781)(721,339)(423,852)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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