Affirm Holdings, Inc. AFRM
Affirm was founded in 2012 with a mission to deliver honest financial products that improve lives. 10-K, Item 1
- Employees
- 2,358
- Headquarters
- San Francisco, CA
- Next results
- around Feb 4, 2027
AFRM among Financials peers
Six ratios from the latest 10-K. Each corner is the share of 241 peers the company is above, not a score.
What changed
17 new risk paragraphs. 10-K filed Aug 27, 2026 against Aug 28, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
9 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 9 checks found nothing to note
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Receivables -33.3% ($426.2M to $284.4M) vs revenue +32.2% ($3.2B to $4.3B), -65.4 pts apart
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Same auditor in both 10-Ks: Deloitte & Touche LLP
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No statement of substantial doubt about going concern
6 more checks with nothing to note
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No longer listed: Table of Contents. Same as last year: Allowance for Credit Losses
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
17 paragraphs in Risk Factors that were not in the 10-K filed Aug 28, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Aug 28, 2025 10-K, ITEM 1A
These disclosures reflect the Company’s beliefs and opinions as to factors that could materially and adversely affect the Company and its securities in the future. References to past events are provided by way of example only and are not intended to be a complete listing or a representation as to whether or not such factors have…
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Item 1A · new paragraph · not in the 10-K filed Aug 28, 2025 10-K, ITEM 1A
Form 10-Q or Annual Report on Form 10-K, we will disclose the respective percentage contribution in our “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for that period.
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Item 1A · new paragraph · not in the 10-K filed Aug 28, 2025 10-K, ITEM 1A
Even if our relationships with our originating bank partners remain intact, these partners may lack the operational capacity, capital resources, regulatory headroom, or technological infrastructure to keep pace with our growing origination volumes. As our GMV increases and we expand into new product categories, geographies, and merchant…
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Item 1A · new paragraph · not in the 10-K filed Aug 28, 2025 10-K, ITEM 1A
A portion of our funding is provided by private credit funds and other institutional investors through forward flow arrangements. These counterparties are subject to their own liquidity, fundraising, leverage, and market conditions. In particular, certain of these counterparties may be structured as pooled investment vehicles whose…
New risk paragraphs, against peers
Latest 10-K of each, Financials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Revenue | $1.6B | $2.3B | $3.2B | $4.3B |
| Net income | −$985.3M | −$517.8M | $52.2M | $1.9B |
| Operating cash flow | $12.2M | $450.1M | $793.9M | $1.2B |
| Free cash flow | −$108.6M | $290.8M | $601.7M | $992.6M |
Revenue, FY2019 to FY2026
Ten fiscal years, each from its own 10-K · XBRL · USD
$4.3B ▲ 32.2% in FY2026$1.9B ▲ 3597.9% in FY2026$992.6M ▲ 65.0% in FY2026
Recent filings
6 filings in the last 30 days · SEC EDGAR
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Planned saleNov 10, 2026NOEL WATSON (Officer) gave notice of a planned sale of 2,000 shares worth about $136K Form 144, approximate sale date Nov 10, 2026, under a 10b5-1 plan adopted Dec 2, 2025
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Planned saleNov 5, 2026Noel Watson (member of our Board of Directors) adopted a 10b5-1 trading plan reported in the 10-Q, up to 13,100 shares, runs to Aug 31, 2027
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Planned saleNov 5, 2026Michael Linford (President) adopted a 10b5-1 trading plan reported in the 10-Q, up to 354,651 shares, runs to Sep 1, 2027
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Planned saleNov 5, 2026Siphelele Jiyane (Chief Accounting Officer) adopted a 10b5-1 trading plan reported in the 10-Q, up to 119,705 shares, runs to Jun 15, 2027
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8-KNov 5, 2026Quarterly results 8-K item 2.02
About the company
Affirm Holdings, Inc., San Francisco, CA · from the 10-K filed Aug 27, 2026
Affirm was founded in 2012 with a mission to deliver honest financial products that improve lives. We are building the next generation payment network. We believe that by using modern technology, strong engineering talent, and a mission-driven approach, we can reinvent payments and commerce. Our solutions, which are built on trust and transparency, are designed to make it easier for consumers to spend and save responsibly and with confidence, easier for merchants and commerce platforms to convert sales and grow, and easier for commerce to thrive.
- Headquarters
- San Francisco, CA
- Country
- United States
- Reports in
- USD
- Listed on
- Nasdaq
- Fiscal year ends
- June 30
- Last results
- Nov 5, 2026
- Incorporated in
- NV
Employees, at the top of the page: "As of June 30, 2026, we had a total of 2,358 employees, primarily located in the United States" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Aug 27, 2026 (open at SEC), compared with the 10-K filed Aug 28, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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