{"schema_version":"secwatch.filing_event.v1","accession":"0001820953-25-000036","form_type":"8-K","ticker":"AFRM","cik":"0001820953","company_name":"Affirm Holdings, Inc.","filed_at":"2025-03-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.071597+00:00","generated_at":"2026-05-24T16:09:00.514582+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Walmart-backed OnePay selects Klarna for installment loans; Affirm's Walmart GMV ~5%","bullets":["OnePay (majority-owned by Walmart) chose Klarna to offer installment loan financing at Walmart starting later in 2025.","Affirm continues as integrated merchant partner at Walmart but loses potential exclusivity.","6 months ended Dec 31, 2024: Walmart integrated program ~5% of GMV, ~2% of Adjusted Operating Income."],"urls":{"canonical":"https://secwatch.observer/filing/0001820953-25-000036","json":"https://secwatch.observer/filing/0001820953-25-000036.json","markdown":"https://secwatch.observer/filing/0001820953-25-000036.md","text":"https://secwatch.observer/filing/0001820953-25-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820953/000182095325000036/0001820953-25-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820953/000182095325000036/afrm-20250317.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T16:09:00.514582+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}