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Affirm Holdings, Inc. logo

Affirm Holdings, Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Based on the Q1 2026 filing.

Net Cash From Operating$74.6MNet Cash From Investing-$454.5MNet Cash From Financing$387.3MCapital Expenditures$51.1MDepreciation And Amortization Cf$64.0MNet Change In Cash$20.5M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$22.3B
P/E Ratio42.77
ROE15.64%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of debt issuance costs$5.7M——$6.8M$7.1M—
Change in accounts payable$5.8M——-$24.8M$41.8M—
Change in accounts receivable$62M——-$138.9M$208.8M—
Change in accrued liabilities-$11.2M——-$3.6M-$30.1M—
Change in other assets———-$31M——
Other working capital changes$47.5M———-$3.7M—
Depreciation and amortization$65.4M——$65.3M$64M—
Loans held for sale activity$1.1B——$749.2M$338.2M—
Loss on extinguishment of debt$7.3M——$1.5M——
Net cash from operating activities$68.8M——$374.6M$74.6M—
Net income$80.4M$2.8M$207.5M$80.7M$129.6M$102.9M
Accretion (Amortization) Of Discounts And Premiums, Financing Receivables$50M——$65.1M$62M—
Accrued Interest On Debt Securities Available For Sale———$10M——
Amortization expense related to capitalized debt issuance costs$5.7M——$6.8M$7.1M—
Amortization of commercial agreement assets$30.3M——$8.1M$8M—
Gain (Loss) On Changes In Fair Value Of Assets And Liabilities———$110K-$1.7M—
Gain (Loss) on Sales of Loans, Net$125.3M$75.8M$228.4M$119M$185.2M$127.2M
Accrued expenses and other liabilities-$11.2M——-$3.6M-$30.1M—
Increase (Decrease) In Commercial Agreement Assets-$100.1M——-$41M-$41.5M—
Increase Decrease In Interest Payable Net$1.5M——$1.6M$2.8M—
Increase (Decrease) in Other Operating Assets———-$31M——
Payable to third-party loan buyers$29.9M——-$17.9M$34.7M—
Other Noncash Income (Expense)$47.5M———-$3.7M—
Payment for Origination and Purchase, Loan, Held-for-Sale$1.1B——$749.2M$338.2M—
Proceeds From Sale Of Loans Held For Sale$1B——$748.8M$338.2M—
Total provisions for credit losses$153M$147.3M$229.7M$162.8M$214.2M$196.5M
Provision for credit losses$153M$147.3M$229.7M$162.8M$214.2M$196.5M
Stock-based compensation$64.9M——$85.9M$65.5M—

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$38.3M——$54.4M$51.1M—
Payment For Other Investing Activity———$0$1M—
Payments received on financing receivables$3.8B——$5.4B$5B—
Other investing inflows$35.2M——$61K——
Proceeds From Sale And Maturity Of Available For Sale Securities$245.1M——$216.4M$231.4M—
Proceeds from Sale of Finance Receivables$1.9B——$4.3B$4.4B—
Net cash from investing activities-$537.6M——-$139.6M-$454.5M—
Net change in loans and leases$5.9B——$9.8B$9.8B—
Proceeds from maturities/sales of investments$245.1M——$216.4M$231.4M—
Purchases of investments$524.8M——$146.5M$270.3M—

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$0——$920M——
Repayments of debt$3.6B——$7.8B$7.5B—
Cost of Issuance of Treasury Stock———$112.3M——
Payments Of Debt Extinguishment Costs$38M——$24.8M——
Payments Of Debt Issuance Costs$8.1M——$9.5M$6.5M—
Proceeds from issuances of debt$0——$920M——
Proceeds from exercise of common stock options and warrants and contributions to ESPP$6.8M——$94.8M$10.8M—
Repayments of Long-Term Lines of Credit$3.6B——$7.8B$7.5B—
Repayments Of Secured Debt$748.2M——$1.1B——
Net cash from financing activities$146M——$110.1M$387.3M—
Payment of debt issuance costs$8.1M——$9.5M$6.5M—
Repurchases of common stock$0——$250M——

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$30.5M——$320.2M$23.5M—

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$1.4M——-$3.9M——
Net increase (decrease) in cash———$341.2M$20.5M—
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount$44.7M$44.4M$55.2M$52.9M$46.6M$41.6M
Operating Lease Payments$4.1M——$4.3M$4.1M—
Proceeds from secured term loan$748.2M——$1.1B$750M—
Proceeds From Long Term Lines Of Credit$3.8B——$8B$7.2B—
Leased assets obtained in exchange for operating lease liabilities$0$1.6M$1.6M$1.6M$1.6M—
Securities retained under unconsolidated securitization transactions$58.5M———$42.8M—
Issuance of common stock for the acquisition of Ansys$0$0$0$0$0—

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$599K——$1.7M$304K—
Interest paid$89.7M——$103.3M$101.6M—