← Affirm Holdings, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $267.1m | $1.5b | $1.3b | $892.0m | $1.0b | $1.4b | |
| Accounts receivable, net | $59.0m | $91.6m | $142.1m | $199.1m | $353.0m | $426.2m | |
| Property, equipment and software, net | $48.1m | $62.5m | $171.5m | $290.1m | $427.7m | $572.6m | |
| Goodwill | $1.3m | $516.5m | $539.5m | $542.6m | $533.4m | $534.2m | |
| Intangible assets | $2.5m | $67.9m | $78.9m | $34.4m | $13.5m | $12.9m | |
| Other assets | $19.6m | $274.7m | $281.6m | $278.6m | $299.3m | $295.4m | |
| Restricted cash | $61.1m | $226.1m | $295.6m | $367.9m | $282.3m | $402.0m | |
| Securities available for sale at fair value | — | $16.2m | $1.6b | $1.2b | $1.1b | $871.4m | |
| Loans held for sale | $4.5m | $13.0m | $2.7m | $76k | $36k | $0 | |
| Loans held for investment | $1.0b | $2.0b | $2.5b | $4.4b | $5.7b | $7.0b | |
| Allowance for credit losses | ($95.1m) | ($117.8m) | ($155.4m) | ($204.5m) | ($309.1m) | ($396.9m) | |
| Loans held for investment, net | $939.2m | $1.9b | $2.3b | $4.2b | $5.4b | $6.6b | |
| Commercial agreement assets | $0 | $227.4m | $263.2m | $177.7m | $104.6m | $57.2m | |
| Payable to third-party loan owners | $25.0m | $50.1m | $71.4m | $53.9m | $159.6m | $211.7m | |
| Convertible senior notes, net | $74.2m | $0 | $1.7b | $1.4b | $1.3b | $1.2b | |
| Notes issued by securitization trusts | $0 | $1.2b | $1.6b | $2.2b | $3.2b | $4.8b | |
| Funding debt | $817.9m | $680.6m | $672.6m | $1.8b | $1.8b | $1.6b | |
| Total stockholders’ equity | ($367.1m) | $2.6b | $2.6b | $2.5b | $2.7b | $3.1b | |
| Total net assets of consolidated VIEs | — | — | — | $360.2m | $355.4m | $326.5m | |
| Total assets | $1.4b | $4.9b | $7.0b | $8.2b | $9.5b | $11.2b | |
| Total liabilities and stockholders’ equity | $1.4b | $4.9b | $7.0b | $8.2b | $9.5b | $11.2b | |
| Accounts payable | $18.4m | $57.8m | $33.1m | $28.6m | $41.0m | $82.8m | |
| Accrued interest payable | $1.9m | $2.8m | $6.7m | $13.5m | $24.3m | $24.5m | |
| Accrued expenses and other liabilities | $27.8m | $318.0m | $237.6m | $180.9m | $147.4m | $157.3m | |
| Total liabilities | $965.2m | $2.3b | $4.4b | $5.6b | $6.8b | $8.1b | |
| Common stock | $0 | $3k | $3k | $3k | $3k | $3k | |
| Additional paid in capital | $80.4m | $3.5b | $4.2b | $5.1b | $5.9b | $6.1b | |
| Accumulated deficit | ($447.2m) | ($888.4m) | ($1.6b) | ($2.6b) | ($3.1b) | ($3.1b) | |
| Accumulated other comprehensive loss | ($302k) | $6.8m | ($7.1m) | ($15.4m) | ($21.6m) | ($15.1m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.