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 investments | 1,440,333 | 1,255,171 | 1,466,558 | |||
| Cash and cash equivalents | 1,440,333 | 1,255,171 | 1,466,558 | |||
| Prepaid expense | 14,338 | 35,172 | 111,278 | |||
| Total current assets: | 1,454,671 | 1,290,343 | 1,577,836 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 43,614 | 50,671 | 57,828 | |||
| Property, plant and equipment | 248,939 | 171,482 | 62,499 | |||
| Intangible assets, net (including goodwill) | 591,385 | 618,476 | 584,445 | |||
| Goodwill | 527,630 | 539,534 | 516,515 | |||
| Intangible assets, net (excluding goodwill) | 63,755 | 78,942 | 67,930 | |||
| Total noncurrent assets: | 883,938 | 840,629 | 704,772 | |||
| Other undisclosed assets | 5,466,142 | 4,842,820 | 2,584,359 | |||
| TOTAL ASSETS: | 7,804,751 | 6,973,792 | 4,866,967 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Noncurrent Liabilities | ||||||
| Other undisclosed liabilities | 5,294,603 | 4,355,537 | 2,285,814 | |||
| Total liabilities: | 5,294,603 | 4,355,537 | 2,285,814 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 2,510,148 | 2,618,255 | 2,581,153 | |||
| Additional paid in capital | 4,716,385 | 4,231,303 | 3,462,762 | |||
| 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 parent | 3 | 3 | 3 | |||
| Total equity: | 2,510,148 | 2,618,255 | 2,581,153 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,804,751 | 6,973,792 | 4,866,967 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 | 12/31/2022 TTM | 6/30/2022 | 6/30/2021 | ||
|---|---|---|---|---|---|
| Revenues | 1,480,078 | 1,349,292 | 870,464 | ||
| Gain on disposition of assets for financial service operations | 230,968 | 196,435 | 89,926 | ||
| Net investment income | 426,374 | 365,993 | 237,526 | ||
| 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: | 173,708 | 267,650 | 191,481 | ||
| 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)) | 316,394 | 141,217 | (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 taxes | 104,058 | 69,694 | 6,416 | ||
| Loss from continuing operations before income taxes: | (834,382) | (724,831) | (433,266) | ||
| Income tax benefit | 19,609 | 17,414 | 2,343 | ||
| 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.