Affirm Holdings Inc-A 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended December31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from__________ to __________ Commission file number: 001-39888 Affirm Holdings, Inc.(Exact name of registrant as specified in its charter) 84-2224323 Nevada (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 650 California StreetSan Francisco, California94108(Address of principal executive offices)(Zip Code) (415) 960-1518(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ As of January30, 2026, the number of shares of the registrant’s Class A common stock outstanding was 292,409,876 and the number of shares of theregistrant’s Class B common stock outstanding was 40,700,775. TABLE OF CONTENTS PageCover1Table of Contents2Part I - Financial Information5Item 1. Financial Statements5CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)5CONDENSED CONSOLIDATED BALANCE SHEETS, CONT. (Unaudited)6CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)(Unaudited)7CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (Unaudited)8CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)10CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, CONT. (Unaudited)111. Business Description122.Summary of Significant Accounting Policies123.Revenue154. Loans Held for Investment and Allowance for Credit Losses175. Balance Sheet Components216. Leases237. Commitments and Contingencies248. Debt269. Securitization and Variable Interest Entities3110.Investments3411.Derivative Financial Instruments3812. Fair Value of Financial Assets and Liabilities4013. Stockholders’Equity5214. Equity Incentive Plans5315. Income Taxes5616. Net Income (Loss) per Share Attributable to Common Stockholders5717.Segment Information5818.Subsequent Events58Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations59Item 3. Quantitative and Qualitative Disclosures About Market Risk76Item 4. Controls and Procedures78Part II - Other Information79Item 1. Legal Proceedings79Item 1A. Risk Factors79Item 2. Unregistered Sales of Equity Securities and Use of Proceeds79Item 3. Defaults Upon Senior Securities79Item 4. Mine Safety Disclosures79Item 5. Other Information80Item 6. Exhibits81Signatures82 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (“Form 10-Q”), as well as information included in oral statements or other writtenstatements made or to be made by us, contains forward-looking statements within the meaning of Section 27A of the Securities Act of1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),that involve substantial risks and uncertainties. All statements other than statements of historical fact contained in this Report,including statements regarding our future results of operations and financial condition, business strategy, and plans and objectives ofmanagement regarding future operations, are forward-looking statements. In some cases, forward-looking statements may be identifiedby words such as “anticipate,” “believe,” “continue,” “could,” “design,” “estimate,” “expect,” “intend,” “may,” “plan,” “potentially,”“predict,” “project,” “should,” “will,” “would,” or the negative of these terms or ot