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Affirm Holdings, Inc. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Affirm Holdings, Inc. holds $13.1B in total assets. Shareholders' equity is $3.8B against $9.3B in total debt. Cash and equivalents total $2.5B. Based on the Q1 2026 filing.

Total Assets$13.1BTotal Stockholders Equity$3.8BLong Term Debt$8.9BCash And Equivalents$2.5B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$21.6B
P/E Ratio56.41
ROE11.49%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$50.6M$41.1M$82.8M$58.0M$57.2M$59.6M
Accrued expenses$74.2M$78.9M$72.8M$75.7M$85.4M$117.1M
Accrued interest$25.4M$23.9M$24.5M$25.6M$28.8M$28.5M
Convertible Debt - Current$1.2B$1.2B$1.2B$1.1B$1.1B$1.1B
Current portion of long-term debt$809.1M$674.9M—$681.7M$757.2M$421.7M
Derivative Liabilities - Fair Value$186.0K$86.0K$105.0K$13.0K$389.0K$43.0K
Lease Liability Payments - 2020 (Remaining Three Months)$8.4M$4.2M—$12.3M$8.1M$3.8M
Operating Lease Liability Payments - 2024 (Lessee)$3.0M$4.4M—$3.6M$6.4M$6.4M
Operating Lease Liability Payments - 2025 (Lessee)$2.2M$3.6M—$3.7M$6.8M$6.8M
Lease Liability Payments - Due Year Two$3.0M$4.4M—$3.6M$6.4M$6.4M
Lease Liability Payments - Due Year Three$2.2M$3.6M—$3.6M$6.6M$6.6M
Lease Liability Payments - Due Year Four$2.2M$3.6M—$3.7M$6.8M$6.8M
Lease Liability Payments - Remainder of Fiscal Year$15.8M$16.6M—$4.4M$6.8M$6.7M
Operating lease liabilities, current$32.0M$35.6M$31.9M$28.1M$42.3M$38.6M
Operating Lease Liability Payments Due$35.0M$40.6M—$32.1M$52.4M$48.0M
Operating Lease Liability - Undiscounted Excess Amount$2.9M$4.9M—$4.0M$10.1M$9.4M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$6.0B$6.0B$6.1B$6.3B$6.4B$6.6B
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Accumulated Loss$299.0K$125.0K$14.0K$7.0K$0.0$0.0
Accumulated other comprehensive income (loss)-$47.6M-$44.5M-$15.1M-$24.4M-$16.9M-$23.6M
Investments - Gross Unrealized Losses$153.1M$351.8M$355.0M$38.0M$47.6M$367.3M
Number of Exercisable Options$607.2M$358.1M—$605.4M$597.4M$280.7M
Retained earnings-$3.1B-$3.1B-$3.1B-$3.0B-$2.8B-$2.7B
Share-Based Payment Award Options Outstanding - Number14.3M13.2M13M11.2M10.8M10.4M
Shares Reserved for Future Issuance Under Stock Plans98.6M95.4M93M104.3M102.3M91.1M
Total liabilities and stockholders' equity$10.5B$10.4B$11.2B$11.5B$13.0B$13.1B
Total stockholders' equity$2.8B$2.9B$3.1B$3.3B$3.5B$3.8B
Unrealized Gains on Investments$1.3M$1.8M$1.5M$2.1M$2.5M$2.4M
Unrealized Losses on Investments (Before Tax)$620.0K$346.0K$217.0K$85.0K$258.0K$1.1M
Warrants and Rights Outstanding——18.5M18.5M18.5M18.5M
Weighted Average Exercise Price of Exercisable Options$18.16$18.79—$19.31$19.46$19.51
Weighted Average Exercise Price of Outstanding Options$18.36$18.93$19.12$19.29$19.44$19.49

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)$414.2M$618.6M$673.1M$611.9M$498.3M$514.0M
Available-for-Sale Debt Securities - Amortized Cost (<1 Year)$414.2M$618.6M$673.1M$611.9M$498.3M$514.0M
Available-for-Sale Debt Securities - Fair Value (Maturing Within 1 Year)$414.3M$618.9M$673.5M$612.8M$499.2M$514.1M
Available-for-Sale Debt Securities - Unrealized Loss Position (>=12 Months)$93.4M$65.3M$17.0M$7.6M$0.0$0.0
AFS and Trading Securities - Unrealized Loss Position (>=12 Months)$93.4M$65.3M$17.0M$7.6M$0.0$0.0
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$59.7M$286.5M$338.1M$30.4M$47.6M$367.3M
Available-for-Sale Debt Securities - Unrealized Loss Position (<12 Months)$59.7M$286.5M$338.1M$30.4M$47.6M$367.3M
Available-for-Sale Debt Securities - Unrealized Loss Position$571.0K$290.0K$175.0K$14.0K$140.0K$902.0K
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Fair Value$93.4M$65.3M$17.0M$7.6M$0.0$0.0
AFS and Trading Securities - Unrealized Loss Position Fair Value$153.1M$351.8M$355.0M$38.0M$47.6M$367.3M
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$59.7M$286.5M$338.1M$30.4M$47.6M$367.3M
Allowance for Doubtful Accounts$17.8M$18.2M$18.8M$20.2M$22.5M$24.0M
Allowance for Doubtful Accounts Receivable (Current)$17.8M$18.2M$18.8M$20.2M$22.5M$24.0M
Cash and cash equivalents$1.7B$1.7B$1.8B$2.1B$2.1B$2.5B
Cash, Cash Equivalents, and Marketable Securities$153.1M$351.8M$355.0M$38.0M$47.6M$367.3M
Derivative Assets - Fair Value——$45.8M——$34.7M
Equipment Installment Plan Receivables, Gross$6.8B$6.6B$7.0B$7.2B$8.8B$8.6B
Derivative assets$7.7M$3.8M$45.8M$43.3M$40.2M$34.7M
Financing Receivables$6.4B$6.3B$6.6B$6.8B$8.3B$8.1B
Loans and Lending Commitments$6.4B$6.3B$6.6B$6.8B$8.3B$8.1B
Loans held for sale$0.0$1.0K$0.0$12.0K$6.0K$0.0
Prepaid expenses and other current assets$33.4M$46.1M$44.9M$46.4M$61.1M$58.0M
Restricted cash$536.8M$384.8M$402.0M$668.8M$566.7M$750.9M
Trading Securities in Marketable Securities$41.9M$42.3M$40.3M$40.4M$40.4M$40.4M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregate Notional Principal Outstanding$572.4M$412.5M$9.1B$10.0B$11.3B$11.8B
Nonperforming Loans and Leases Percentage$6.8B$6.6B$7.0B$7.2B$8.8B$8.6B
Components22.0070.0067.008.008.0091.00
Cumulative Cost Basis$845.1M$939.6M$1.0B$1.1B$1.2B$1.3B
Derivative Notional Amount$572.4M$412.5M$9.1B$10.0B$11.3B$11.8B
Gross Assets/Liabilities$186.0K$86.0K$105.0K$13.0K$389.0K$43.0K
Line of Credit Maximum Borrowing Capacity———$12.3B$12.5B$13.2B
Accounts Receivable, after Allowance for Credit Loss$203.6M$220.3M$426.2M$283.7M$268.2M$230.7M
Accounts Receivable, Allowance for Credit Loss$17.8M$18.2M$18.8M$20.2M$22.5M$24.0M
Payables for repurchase agreements$6.9B$6.8B—$8.5B$9.7B$9.4B
Repurchase liability$4.0M$8.3M—$8.4M$8.1M$6.8M
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax$620.0K$346.0K$217.0K$85.0K$258.0K$1.1M
Gross Unrealized Gains$1.3M$1.8M$1.5M$2.1M$2.5M$2.4M
1&#160;Year&#160;or&#160;Less$414.3M$618.9M$673.5M$612.8M$499.2M$514.1M
After&#160;1&#160;Year through&#160;5&#160;Years$252.4M$243.0M$218.9M$199.6M$224.2M$263.8M
Processing reserves$92.6M$75.7M$90.8M$68.4M$125.2M$118.2M
Exercisable, warrants outstanding (in shares)———11.3M12.1M12.7M
Warrants exercisable (in USD per share)———$69.14$71.19$71.38
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1——$81.08$81.08$68.78$68.75
Class of Warrant or Right, Outstanding——$18.5M$18.5M$18.5M$18.5M
Profit share liability——$9.3M—$4.7M$2.6M
Common stock, capital shares reserved for future issuance$98.6M$95.4M$93.0M$104.3M$102.3M$91.1M
Convertible Debt$1.2B$1.2B$1.2B$1.1B$1.1B$1.1B
Long-term debt, gross$7.3B$7.2B—$7.8B$9.1B$8.9B
Cost or Amortized Cost$667.3M$861.5M$892.2M$811.1M$721.7M$776.8M
Available-for-sale securities, allowance for credit loss$1.2M$980.0K$941.0K$753.0K$569.0K$258.0K
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss$299.0K$125.0K$14.0K$7.0K$0.0$0.0
Less than 12 months$59.7M$286.5M$338.1M$30.4M$47.6M$367.3M
12 months or more$93.4M$65.3M$17.0M$7.6M$0.0$0.0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss$272.0K$165.0K$161.0K$7.0K$140.0K$902.0K
Estimated Fair Value$666.7M$861.9M$892.5M$812.4M$723.4M$777.9M
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss$571.0K$290.0K$175.0K$14.0K$140.0K$902.0K
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions$22.0$70.0$67.0$8.0$8.0$91.0
Debt Securities, Available-for-Sale, Unrealized Loss Position$153.1M$351.8M$355.0M$38.0M$47.6M$367.3M
Derivatives——$45.8M——$34.7M
Derivative Liability$186.0K$86.0K$105.0K$13.0K$389.0K$43.0K
Notional$572.4M$412.5M$9.1B$10.0B$11.3B$11.8B
Trading securities, cost$41.9M$42.3M$40.3M$40.4M$40.4M$40.4M
Accrued interest receivable$76.1M$69.0M$68.0M$73.9M$89.3M$89.4M
Principal Balance$6.8B$6.7B$7.1B$7.3B$8.8B$8.6B
Loans modified after 12 months$19.8M$14.0M—$14.0M$22.0M$23.6M
Financing Receivable, Excluding Accrued Interest, Nonaccrual$6.1M$5.1M$6.2M$6.7M$7.2M$6.0M
Prior$45.0K$36.0K$36.0K$150.0K$124.0K$101.0K
Year one$5.2B$5.8B$6.6B$3.6B$6.8B$7.5B
Year four$11.2M$8.1M$4.4M$37.1M$24.9M$14.2M
Year five$326.0K$211.0K$151.0K$2.9M$1.8M$1.3M
Year two$1.3B$644.7M$319.7M$3.3B$1.7B$866.1M
Year three$115.0M$77.6M$53.1M$195.3M$116.4M$71.0M
Financing Receivable, Including Loans Held-for-Sale, Excluding Accrued Interest, Before Allowance For Credit Loss$6.7B$6.6B$7.0B$7.2B$8.7B$8.5B
Financing Receivable, Loss On Self-Organizing Loans$29.3M$27.6M$27.6M$30.1M$41.8M$37.2M
Financing receivable, modified, number of deferrals1.001.00—1.001.001.00
With an allowance$52.7M$49.1M$47.6M$57.7M$68.3M$64.5M
Financing Receivable, Unamortized Purchase Discount$74.1M$77.0M$75.1M$76.2M$91.2M$87.1M
Premiums on loans held for investment$9.5M$9.9M$9.8M$10.2M$11.1M$10.9M
Finite-Lived Intangible Assets, Accumulated Amortization$90.2M$90.3M$91.1M$90.9M$91.2M$91.2M
Indefinite- lived intangible impairment$102.4M$102.7M$104.0M$103.5M$103.8M$118.6M
Intangible Assets, Net (Excluding Goodwill And Not Yet Placed Into Service)$12.2M$12.4M$12.9M$12.7M$12.6M$27.4M
Lessee Operating Lease Liability Payments Due$35.0M$40.6M—$32.1M$52.4M$48.0M
Thereafter$3.3M$8.2M—$4.4M$17.7M$17.7M
Lessee Operating Lease Liability Undiscounted Excess Amount$2.9M$4.9M—$4.0M$10.1M$9.4M
Amount outstanding under the credit facility$2.2B$1.9B$1.6B$1.8B$3.0B$2.4B
Committed Revolving Credit Facilities———$12.3B$12.5B$13.2B
2028$502.4M$331.5M—$901.1M$1.2B$1.1B
2029$1.4B$556.0M—$1.3B$1.3B$516.9M
2030$2.4B$2.4B—$1.8B$1.9B$1.7B
2027$809.1M$674.9M—$681.7M$757.2M$421.7M
Remainder of 2026$340.2M$0.0—$0.0$0.0$0.0
Thereafter$1.8B$3.2B—$3.1B$4.0B$5.3B
Marketable Securities$781.7M$931.4M$963.4M$953.1M$786.6M$875.2M
Number of classes of common stock2.002.00—2.002.002.00
Operating Lease Weighted Average Discount Rate Percent$0.1$0.1—$0.1$0.1$0.1
Other Assets, Miscellaneous$10.7M$9.8M$13.2M$12.7M$18.3M$17.6M
Performance fee liability——$1.9M—$2.4M$2.3M
Prepaid merchant incentives——$2.1M——$31.7M
Prepaid payroll taxes for stock-based compensation$23.2M$31.2M$25.2M$31.6M$25.5M$20.4M
Assets pledged as collateral$5.9M$5.7M$4.5M$4.5M$4.7M$4.7M
Risk Sharing Asset$45.0M$43.7M$43.2M$41.6M$39.0M$32.3M
Risk sharing liability——$90.0K———
MSRs financing liability$237.0K$103.0K$41.0K$13.0K$2.0K$0.0
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number$11.3M$10.6M—$9.4M$9.4M$9.2M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$14.3M$13.2M$13.0M$11.2M$10.8M$10.4M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$18.4$18.9$19.1$19.3$19.4$19.5
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value$607.2M$358.1M—$605.4M$597.4M$280.7M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price$15.3$16.2—$17.6$18.0$18.2
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value$516.0M$315.9M—$522.8M$529.3M$259.8M
Economic risk retention5.0%5.0%—5.0%5.0%5.0%
Remainder of Fiscal Year 2024$340.2M$0.0—$0.0$0.0$0.0

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for credit losses$363.8M$375.0M$396.9M$425.8M$478.1M$512.3M
Gross loans$6.7B$6.6B$6.6B$6.8B$8.3B$8.1B
Loans 90+ Days Past Due$52.7M$49.1M$47.6M$57.7M$68.3M$64.5M
Net loans$203.6M$220.3M$426.2M$283.7M$268.2M$230.7M
Purchased Credit Deteriorated Loans$6.4B$6.3B$6.6B$6.8B$8.3B$8.1B
Derivative Assets, Non-Current——$45.8M——$34.7M
Equity method investments$41.9M$42.3M$40.3M$40.4M$40.4M$40.4M
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$41.9M$42.3M$40.3M$40.4M$40.4M$40.4M
Available-for-sale securities$252.4M$243.0M$218.9M$199.6M$224.2M$263.8M
Total investment securities$781.7M$931.4M$963.4M$953.1M$786.6M$875.2M
Goodwill$521.7M$522.3M$534.2M$529.9M$533.4M$529.3M
Intangible Assets Gross (Excluding Goodwill)$102.4M$102.7M$104.0M$103.5M$103.8M$118.6M
Intangible assets, net$284.0K$225.0K$12.9M$106.0K$12.6M$27.4M
Investments - Amortized Cost Basis$41.9M$42.3M$40.3M$40.4M$40.4M$40.4M
Mortgage servicing rights$806.0K$595.0K$906.0K$667.0K$965.0K$684.0K
Net Investment in Lease$17.5M$21.4M$19.1M$16.8M$25.9M$23.5M
Net Operating Loss Carryforwards——$13.9M$11.9M$9.6M$7.4M
Commercial agreement assets$76.1M$65.2M$57.2M$49.2M$44.4M$41.4M
Other intangible assets&#8212;net$12.2M$12.4M$12.9M$12.7M$12.6M$27.4M
Operating lease right-of-use assets$17.5M$21.4M$19.1M$16.8M$25.9M$23.5M
Other Assets$325.0M$301.1M$295.4M$269.7M$345.0M$351.9M
Property, plant and equipment at cost$845.1M$939.6M$1.0B$1.1B$1.2B$1.3B
Fair value of servicing rights$806.0K$595.0K$906.0K$667.0K$965.0K$684.0K
Operating lease right-of-use assets5.1%5.6%—5.9%6.3%6.4%
Operating Lease Right-of-Use Assets in Other Assets$17.5M$21.4M$19.1M$16.8M$25.9M$23.5M
Other Investments$666.7M$780.2M$871.4M$812.4M$723.4M$757.6M
Other non-current assets$325.0M$301.1M$295.4M$269.7M$345.0M$351.9M
Accumulated depreciation$338.8M$396.3M$455.3M$518.2M$587.0M$660.7M
Property and equipment, net$506.3M$543.3M$572.6M$613.9M$639.9M$668.3M
Total assets$10.5B$10.4B$11.2B$11.5B$13.0B$13.1B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Instrument Face Amount$2.2B$1.9B$1.6B$1.8B$3.0B$2.4B
Debt Maturity - 2024$340.2M$0.0—$0.0$0.0$0.0
Debt Maturity - 2027$1.4B$556.0M—$1.3B$1.3B$516.9M
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$40.5M$49.9M—$52.1M$45.9M$59.2M
Operating Lease Liability Payments - 2026 (Lessee)$2.2M$3.6M—$3.6M$6.6M$6.6M
Operating Lease Liability Payments - 2027 (Lessee)$2.2M$3.6M—$3.6M$6.6M$6.6M
Operating Lease Liability Payments - 2028 (Lessee)$2.2M$3.6M—$3.7M$6.8M$6.8M
Long-term debt$7.3B$7.1B—$7.7B$9.0B$8.9B
Accrued expenses and other liabilities$155.6M$173.6M$157.3M$165.8M$184.5M$217.9M
Accrued taxes and other expenses$74.2M$78.9M$72.8M$75.7M$85.4M$117.1M
Payable to third-party loan owners$157.2M$177.0M$211.7M$193.8M$130.3M$178.3M
Operating Lease Liabilities (Total)$32.0M$35.6M$31.9M$28.1M$42.3M$38.6M
Other non-current liabilities$41.2M$54.8M$52.5M$62.1M$56.8M$62.3M
Total Carrying Value of Debt$7.3B$7.2B—$7.8B$9.1B$8.9B
Total liabilities$7.7B$7.6B$11.3M$8.2B$7.5M$5.0M