secwatch.observer — SEC 8-K summary
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Issuer:     Affirm Holdings, Inc. (AFRM)
CIK:        0001820953
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001820953-22-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Affirm Q2 revenue up 77% to $361M, GMV $4.5B (+115%); raises FY2022 outlook
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- GMV doubled to $4.5B; active consumers up 150% YoY to 11.2M; active merchants surged to 168K from 8K.
- Total revenue $361M (+77%); net loss $159.7M vs $26.6M YoY, driven by stock-based comp and contingent liability.
- Adjusted operating loss $7.9M vs income of $3.1M YoY; company raises FY2022 outlook citing strong growth momentum.
- Entered $165M unsecured revolving credit facility, maturing Feb 2025, with SOFR+1.85% margin and no initial draw.
- Completed first static securitization of over $400M in consumer loans in Feb 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820953/000182095322000002/0001820953-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820953/000182095322000002/afrm-20220210.htm
  HTML page:      https://secwatch.observer/filing/0001820953-22-000002

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