{"schema_version":"secwatch.filing_event.v1","accession":"0001820953-23-000001","form_type":"8-K","ticker":"AFRM","cik":"0001820953","company_name":"Affirm Holdings, Inc.","filed_at":"2023-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.784003+00:00","generated_at":"2026-06-19T21:58:17.150251+00:00","sec_items":["2.02","2.05","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Affirm reports FQ2'23 GMV $5.7B (+27% YoY) and announces 19% workforce reduction","bullets":["GMV record $5.7B (+27% YoY); revenue $400M (+11% YoY); RLTC $144M (-21% YoY) below outlook.","Restructuring: ~500 employees (19% of workforce) cut; expected total costs $35-39M, mostly in FQ3'23.","Delinquencies improved sequentially; funding capacity reached $11.3B in January after $500M ABS and $300M new warehouse.","Pricing optimization lagged; management expects tailwinds to RLTC and GMV from pricing initiatives.","Adjusted operating income better than expected; headcount to remain essentially flat going forward."],"urls":{"canonical":"https://secwatch.observer/filing/0001820953-23-000001","json":"https://secwatch.observer/filing/0001820953-23-000001.json","markdown":"https://secwatch.observer/filing/0001820953-23-000001.md","text":"https://secwatch.observer/filing/0001820953-23-000001.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820953/000182095323000001/0001820953-23-000001-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820953/000182095323000001/afrm-20230208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T21:58:17.150251+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"18692855297142cc5b976b0993e31ce842c91385","claim":"Affirm Holdings, Inc. reported financial results for the second fiscal quarter ended December 31, 2022.","evidence_excerpt":"On February 8, 2023 , the Affirm Holdings, Inc. (the \"Company\") issued a Shareholder Letter (the “Letter”) regarding its financial results for the second fiscal quarter ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820953/000182095323000001/0001820953-23-000001-index.htm","confidence":0.92,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second fiscal quarter ended December 31, 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"2800ac950db2f9630b3f05f45fda09414baf143f","claim":"Affirm Holdings, Inc. announced a restructuring with charges of approximately $35 million to $39 million affecting company-wide (approximately 500 employees).","evidence_excerpt":"of its San Francisco office. The Company expects implementation of the Plan to be substantially complete by the end of fiscal 2023. The Company expects to incur approximately $35 million to $39 million in total restructuring costs, which includes cash expenditures of $24 million to $28 million relating to one-time employee severance and other employment","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820953/000182095323000001/0001820953-23-000001-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $35 million to $39 million"},{"label":"Affected area","value":"company-wide"},{"label":"Headcount","value":"approximately 500 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}