← Affirm Holdings, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($120.5m) |
($112.6m)
+6.52%
|
($430.9m)
-282.71%
|
($707.4m)
-64.16%
|
($985.3m)
-39.29%
|
($517.8m)
+47.45%
|
$52.2m
+110.08%
|
— | |
| Amortization of premiums and discounts on loans | ($19.4m) | ($27.6m) | ($90.4m) | ($172.0m) | ($141.1m) | ($187.7m) | ($233.8m) | — | |
| Amortization of commercial agreement assets | $0 | $0 | $69.1m | $96.7m | $85.5m | $73.1m | $47.4m | — | |
| Amortization of debt issuance costs | $1.7m | $2.3m | $6.4m | $16.2m | $20.5m | $24.5m | $30.4m | — | |
| Amortization of discount on securities available for sale | — | $0 | $0 | $2.2m | ($36.1m) | ($22.8m) | ($44.0m) | — | |
| Depreciation and amortization | $5.3m | $9.4m | $20.0m | $52.7m | $134.6m | $169.0m | $225.1m | $280.0m | |
| Amortization Of Securities | — | — | — | $2.2m | ($36.1m) | ($22.8m) | ($44.0m) | ($35.9m) | |
| Depreciation Amortization Depletion | — | — | — | $52.7m | $134.6m | $169.0m | $225.1m | $280.0m | |
| Stock-based compensation | $33.7m | $29.6m | $288.0m | $391.0m | $451.7m | $344.5m | $321.4m | $303.0m | |
| Payments of tax withholding for stock-based compensation | $0 | $0 | ($158.3m) | ($185.2m) | ($73.8m) | ($189.2m) | ($303.8m) | — | |
| Stock-based compensation included in capitalized internal-use software | $2.9m | $2.9m | $14.0m | $54.5m | $80.1m | $126.5m | $178.5m | $303.0m | |
| Impairment of right of use assets | $0 | $0 | $11.5m | $362k | $1.2m | $752k | $0 | — | |
| Asset Impairment Charge | — | — | — | $362k | $1.2m | $752k | $0 | $0 | |
| Change In Working Capital | — | — | — | ($9.9m) | ($135.0m) | ($62.4m) | ($49.8m) | ($21.8m) | |
| Accounts receivable, net | ($24.8m) | ($19.0m) | ($22.9m) | ($62.7m) | ($67.7m) | ($167.8m) | ($85.0m) | ($23.4m) | |
| Change In Receivables | — | — | — | ($62.7m) | ($67.7m) | ($167.8m) | ($85.0m) | ($23.4m) | |
| Changes In Account Receivables | — | — | — | ($62.7m) | ($67.7m) | ($167.8m) | ($85.0m) | ($23.4m) | |
| Accounts payable | $4.4m | $7.5m | $32.2m | ($24.7m) | ($5.0m) | $12.4m | $41.8m | $18.5m | |
| Change In Payables And Accrued Expense | — | — | — | $67.8m | ($52.8m) | $74.2m | $47.3m | $18.5m | |
| Accrued interest payable | $675k | $428k | $1.4m | $3.9m | $7.9m | $11.1m | $2.4m | — | |
| Accrued expenses and other liabilities | $9.8m | $13.9m | $119.6m | $67.3m | ($38.2m) | ($55.2m) | ($48.9m) | — | |
| Change In Accrued Expense | — | — | — | $71.2m | ($30.2m) | ($44.0m) | ($46.6m) | $11.1m | |
| Other | $36k | $81k | $5.1m | ($73.2m) | ($8.8m) | ($25.3m) | $13.7m | — | |
| Other assets | ($17.1m) | $19.9m | ($209.1m) | ($15.0m) | ($14.5m) | $31.2m | ($12.2m) | — | |
| Change In Other Current Assets | — | — | — | ($15.0m) | ($14.5m) | $31.2m | ($12.2m) | ($29.4m) | |
| Net cash provided by operating activities | ($87.6m) |
($71.3m)
+18.65%
|
($193.1m)
-170.86%
|
($162.2m)
+16.02%
|
$12.2m
+107.51%
|
$450.1m
+3595.41%
|
$793.9m
+76.37%
|
$1.0b
+27.15%
|
|
| Additions to property, equipment and software | ($19.4m) | ($21.0m) | ($20.3m) | ($86.3m) | ($120.8m) | ($159.3m) | ($192.2m) | — | |
| Other investing inflows | $0 | $0 | $1.5m | $14.3m | $4.7m | $995k | $99.9m | — | |
| Other investing outflows | — | — | — | — | ($1.0m) | ($35.0m) | ($65.0m) | — | |
| Net Other Investing Changes | — | — | — | ($363.3m) | ($2.0b) | ($1.3b) | ($1.3b) | ($1.7b) | |
| Net cash used in investing activities | ($353.7m) | ($253.1m) | ($1.0b) | ($2.0b) | ($1.7b) | ($1.3b) | ($1.1b) | ($1.8b) | |
| Gain on extinguishment of debt | — | — | $0 | $0 | ($89.8m) | ($12.6m) | ($82.4m) | — | |
| Proceeds from the issuance of funding debt | $1.4b | $2.1b | $2.9b | $4.1b | $6.9b | $12.6b | $21.2b | — | |
| Principal repayments of funding debt | ($1.1b) | ($1.9b) | ($3.2b) | ($4.1b) | ($5.8b) | ($12.6b) | ($21.4b) | — | |
| Payment of debt issuance costs | ($4.8m) | ($7.7m) | ($12.5m) | ($13.8m) | ($22.4m) | ($27.3m) | ($49.2m) | — | |
| Extinguishment of convertible debt | — | — | $0 | $0 | ($206.6m) | ($63.6m) | ($1.0b) | — | |
| Issuance Of Debt | — | — | — | $6.8b | $8.0b | $15.0b | $24.6b | $38.1b | |
| Long Term Debt Issuance | — | — | — | $6.8b | $8.0b | $15.0b | $24.6b | $38.1b | |
| Long Term Debt Payments | — | — | — | ($4.6b) | ($6.4b) | ($13.8b) | ($22.3b) | ($36.3b) | |
| Net Issuance Payments Of Debt | — | — | — | $2.2b | $1.6b | $1.2b | $2.3b | $1.8b | |
| Net Long Term Debt Issuance | — | — | — | $2.2b | $1.6b | $1.2b | $2.3b | $1.8b | |
| Repayment Of Debt | — | — | — | ($4.6b) | ($6.4b) | ($13.8b) | ($22.3b) | ($36.3b) | |
| Proceeds from exercise of common stock options and warrants and contributions to ESPP | $6.5m | $2.7m | $47.0m | $73.9m | $15.8m | $33.1m | $60.7m | — | |
| Repurchases of common stock | ($2.6m) | ($18.9m) | ($800k) | ($86k) | ($109k) | $0 | ($250.0m) | — | |
| Issuance of common stock in connection with settlement of contingent consideration liability | — | $0 | $0 | $32.1m | $13.7m | $0 | $0 | $0 | |
| Common Stock Issuance | — | — | — | $0 | $0 | — | — | $0 | |
| Common Stock Payments | — | — | — | ($86k) | ($109k) | $0 | ($250.0m) | $0 | |
| Issuance Of Capital Stock | — | — | — | $0 | $0 | — | — | $0 | |
| Net Common Stock Issuance | — | — | — | ($86k) | ($109k) | $0 | ($250.0m) | $0 | |
| Repurchase Of Capital Stock | — | — | — | ($86k) | ($109k) | $0 | ($250.0m) | $0 | |
| Net Other Financing Charges | — | — | — | ($198.9m) | ($302.9m) | ($280.0m) | ($1.4b) | ($376.5m) | |
| Net cash provided by financing activities | $561.6m |
$294.7m
-47.52%
|
$2.6b
+774.64%
|
$2.0b
-20.98%
|
$1.3b
-33.73%
|
$913.1m
-32.36%
|
$751.4m
-17.71%
|
$1.5b
+103.79%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | $120.3m | ($29.6m) | $1.4b | ($141.8m) | ($290.9m) | $35.5m | $461.0m | — | |
| Cash, cash equivalents and restricted cash, beginning of period | $357.8m | $328.1m | $1.7b | $1.6b | $1.3b | $1.3b | $1.8b | — | |
| Beginning Cash Position | — | — | — | $1.7b | $1.6b | $1.3b | $1.3b | $1.7b | |
| Acquisition, net of cash and restricted cash acquired | $0 | $0 | ($222.4m) | ($6.0m) | ($16.1m) | $0 | $0 | — | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $0 | $0 | $1.8m | ($5.4m) | $81k | ($2.7m) | ($1.2m) | $7.3m | |
| Restricted cash | — | $61.1m | $226.1m | $295.6m | $367.9m | $282.3m | $402.0m | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Provision for losses | $78.0m | $105.1m | $65.9m | $255.3m | $331.9m | $460.6m | $616.7m | — | |
| Gain on sales of loans | $440k | ($31.9m) | ($89.9m) | ($196.4m) | ($188.3m) | ($197.2m) | ($381.6m) | — | |
| Changes in fair value of assets and liabilities | ($940k) | $2.8m | $51.7m | ($101.8m) | ($15.9m) | ($2.8m) | $7.1m | — | |
| Commercial agreement warrant expense | — | $0 | $0 | $254.7m | $421.9m | $406.7m | $271.6m | — | |
| Purchases and origination of loans held for sale | — | — | — | ($5.6b) | ($6.0b) | ($4.2b) | ($3.4b) | — | |
| Proceeds from the sale of loans held for sale | $813.3m | $2.0b | $2.6b | $5.6b | $6.2b | $4.2b | $3.4b | — | |
| Payable to third-party loan buyers | $6.3m | $8.3m | $25.1m | $21.3m | ($17.5m) | $105.8m | $52.1m | — | |
| Purchases and origination of loans held for investment | ($1.9b) | ($2.8b) | ($5.9b) | ($10.4b) | ($13.6b) | ($21.5b) | ($32.5b) | — | |
| Proceeds from the sale of loans held for investment | $147.1m | $303.4m | $824.0m | $1.9b | $1.6b | $6.1b | $12.6b | — | |
| Principal repayments and other loan servicing activity | $1.4b | $2.3b | $4.3b | $8.1b | $10.0b | $14.1b | $18.7b | — | |
| Purchases of securities available for sale | — | $0 | $0 | ($1.8b) | ($1.1b) | ($986.1m) | ($823.9m) | — | |
| Proceeds from maturities and repayments of securities available for sale | — | $0 | $0 | $311.0m | $1.5b | $1.1b | $1.2b | — | |
| Proceeds from the issuance of convertible notes | — | — | — | — | $0 | $0 | $920.0m | — | |
| Proceeds from issuance of notes and certificates by securitization trust | $0 | $0 | $1.4b | $999.4m | $1.1b | $2.4b | $2.5b | — | |
| Principal repayments of notes issued by securitization trust | $0 | $0 | ($210.4m) | ($552.0m) | ($606.3m) | ($1.3b) | ($900.0m) | — | |
| Cash and cash equivalents | — | $267.1m | $1.5b | $1.3b | $892.0m | $1.0b | $1.4b | $1.7b | |
| Cash payments for interest expense | $27.8m | $28.1m | $41.7m | $51.5m | $163.2m | $318.2m | $404.4m | — | |
| Cash paid for operating leases | $0 | $0 | $13.2m | $15.6m | $16.4m | $16.0m | $16.6m | $1.0b | |
| Cash paid for income taxes | $0 | $0 | $219k | $220k | $808k | $1.2m | $2.7m | — | |
| Securities retained under unconsolidated securitization transactions | — | $0 | $0 | $55.0m | $0 | $58.5m | $84.7m | — | |
| Right of use assets obtained in exchange for operating lease liabilities | $0 | $0 | $78.4m | $4.6m | $494k | $0 | $6.2m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | $2.0b | $1.3b | $913.1m | $751.4m | $1.5b | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($2.0b) | ($1.7b) | ($1.3b) | ($1.1b) | ($1.8b) | |
| Change In Account Payable | — | — | — | ($24.7m) | ($5.0m) | $12.4m | $41.8m | $18.5m | |
| Change In Cash Supplemental As Reported | — | — | — | ($141.8m) | ($290.9m) | $35.5m | $461.0m | — | |
| Change In Interest Payable | — | — | — | $3.9m | $7.9m | $11.1m | $2.4m | $7.7m | |
| Change In Payable | — | — | — | ($3.4m) | ($22.6m) | $118.2m | $93.9m | $18.5m | |
| Changes In Cash | — | — | — | ($136.4m) | ($290.9m) | $38.1m | $462.3m | $731.1m | |
| End Cash Position | — | — | — | $1.6b | $1.3b | $1.3b | $1.8b | $2.5b | |
| Financing Cash Flow | — | — | — | $2.0b |
$1.3b
-33.73%
|
$913.1m
-32.36%
|
$751.4m
-17.71%
|
$1.5b
+103.79%
|
|
| Free Cash Flow | — | — | — | ($273.9m) | ($108.6m) | $290.8m | $601.7m | $786.9m | |
| Gain Loss On Investment Securities | — | — | — | $254.7m | $421.9m | $406.7m | $271.6m | $184.1m | |
| Interest Paid Supplemental Data | — | — | — | $51.5m | $163.2m | $318.2m | $404.4m | $415.8m | |
| Investing Cash Flow | — | — | — | ($2.0b) | ($1.7b) | ($1.3b) | ($1.1b) | ($1.8b) | |
| Net Business Purchase And Sale | — | — | — | ($6.0m) | ($16.1m) | $0 | $0 | $0 | |
| Net Intangibles Purchase And Sale | — | — | — | ($25.4m) | $0 | $0 | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | ($1.5b) | $455.3m | $150.9m | $391.9m | $146.4m | |
| Net PPE Purchase And Sale | — | — | — | ($86.3m) | ($120.8m) | ($159.3m) | ($192.2m) | ($222.6m) | |
| Net Preferred Stock Issuance | — | — | — | $0 | $0 | — | — | $0 | |
| Operating Gains Losses | — | — | — | $254.7m | $332.1m | $394.1m | $189.1m | $182.6m | |
| Other Non Cash Items | — | — | — | ($401.1m) | ($83.0m) | ($316.0m) | ($516.8m) | — | |
| Preferred Stock Payments | — | — | — | $0 | $0 | — | — | $0 | |
| Proceeds From Stock Option Exercised | — | — | — | $73.9m | $15.8m | $33.1m | $60.7m | $153.5m | |
| Provisionand Write Offof Assets | — | — | — | $255.3m | $331.9m | $460.6m | $616.7m | $730.1m | |
| Purchase Of Business | — | — | — | ($6.0m) | ($16.1m) | $0 | $0 | $0 | |
| Purchase Of Intangibles | — | — | — | ($25.4m) | $0 | $0 | — | $0 | |
| Purchase Of Investment | — | — | — | ($1.8b) | ($1.1b) | ($986.1m) | ($823.9m) | ($815.2m) | |
| Purchase Of PPE | — | — | — | ($86.3m) | ($120.8m) | ($159.3m) | ($192.2m) | ($222.6m) | |
| Sale Of Investment | — | — | — | $311.0m | $1.5b | $1.1b | $1.2b | $961.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.