---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-101660"
form_type: "8-K/A"
ticker: "XYZ"
cik: "0001512673"
company_name: "Block, Inc."
filed_at: "2022-04-11T23:59:59+00:00"
generated_at: "2026-06-26T08:13:05.611118+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Afterpay posts $345.5M net loss for H1 FY22; revenue up 55% but impairments double

## Summary
- Net loss after tax of $345.5M for six months ended Dec 31, 2021, compared to $79.2M loss a year ago.
- Total income of $644.9M (+55% YoY) driven by Afterpay income of $560.8M and late fees of $78.5M.
- Receivables impairment expense surged to $176.8M from $72.1M, reflecting higher credit losses.
- Total borrowings rose to $2.0B from $1.3B at June 2021, including $1.49B SGX convertible notes reclassified to current.
- Deferred tax assets increased to $340.3M from $156.1M, driven by $237.2M in tax-loss carryforwards.

## SEC filing metadata
- accession: 0001193125-22-101660
- form_type: 8-K/A
- ticker: XYZ
- cik: 0001512673
- company_name: Block, Inc.
- filed_at: 2022-04-11T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512673/000119312522101660/0001193125-22-101660-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512673/000119312522101660/d322667d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-101660
- JSON: https://secwatch.observer/filing/0001193125-22-101660.json
- Plain text: https://secwatch.observer/filing/0001193125-22-101660.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.