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Affirm Holdings, Inc. AFRM Payable to third-party loan owners

Payable to third-party loan owners at other companies

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Other financials

Income statement

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Revenue$1.0B+32.6%
Operating income$88.4M+1,154%
Net income$102.9M+3,570%
EPS (diluted)$0.30+2,900%

Balance sheet

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Cash & equivalents$2.5B+42.5%
Total debt$9.3B+18.8%
Total equity$3.8B+31.6%
Total assets$13.1B+25.9%

Cash flow

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Operating cash flow$386.5M+83.7%
CapEx$61.4M+15.8%
Free cash flow$325.1M+107%

Valuation

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Market cap$26.28B+5.4%
Enterprise value$33.14B+42.8%
P/E68.7×-409×
P/S6.6×-1.1×

Profitability

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Operating margin-7.3%-3.2pp
Net margin9.6%+8.2pp
FCF margin19.8%-0.4pp

Returns & leverage

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Return on equity11.5%+9.9pp
Debt / equity2.5×-0.3×

Where this comes from

Reported directly by Affirm Holdings, Inc. in its filing.

Tagged under the XBRL concept afrm:ThirdPartyLoanOwnerPayable.

The source filing: Affirm Holdings, Inc.’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 5:04 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032294
Line itemMarch 31, 2026June 30, 2025
Liabilities and stockholders’ equity
Liabilities:
Accounts payable$59,590$82,820
Payable to third-party loan owners178,275211,700
Accrued interest payable28,45624,465
Accrued expenses and other liabilities217,938157,272
Convertible senior notes, net1,128,6171,153,000
Notes issued by securitization trusts5,327,5894,833,855

Item 1. Financial Statements

FAQ

What is Affirm Holdings, Inc.'s payable to third-party loan owners?
Affirm Holdings, Inc. (AFRM) reported payable to third-party loan owners of $178.28M in Q1 2026.
How has Affirm Holdings, Inc.'s payable to third-party loan owners changed year-over-year?
Affirm Holdings, Inc.'s payable to third-party loan owners increased by 0.7% year-over-year, from $177M to $178.28M.
What is the long-term trend for Affirm Holdings, Inc.'s payable to third-party loan owners?
Over 4 years (2021 to 2025), Affirm Holdings, Inc.'s payable to third-party loan owners has grown at a 43.4% compound annual growth rate (CAGR), from $50.08M to $211.7M.
What does payable to third-party loan owners mean?
Refers to long-term obligations owed to third-party entities that have purchased or funded loans originated by the company. This reflects the company's role in managing loan portfolios where the economic interest resides with external investors. It is a critical indicator of the company's off-balance-sheet funding model and leverage.

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