Welcome to our dedicated page for Affirm Holdings SEC filings (Ticker: AFRM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Affirm Holdings, Inc. filings document the company’s pay-over-time financing business, operating results, governance, and capital structure. Form 8-K reports furnish shareholder letters with quarterly results, gross merchandise volume, revenue, revenue less transaction costs, operating income, and reconciliations of non-GAAP measures to GAAP results.
Affirm’s regulatory record also includes proxy and annual meeting materials covering director elections, auditor ratification, advisory executive compensation votes, and its dual-class common stock voting structure. Other filings disclose material merchant agreements for closed-end installment loan products, warrant arrangements, and executive equity compensation through RSUs and PSUs.
Affirm Holdings (AFRM) filed a Form 144 notifying a proposed sale of 15,000 common shares through Morgan Stanley Smith Barney LLC on the NASDAQ, with an aggregate market value of $1,199,850.00. The filer shows total outstanding common shares of 284,917,717, so the proposed sale represents a very small fraction of the outstanding stock. The securities were acquired as restricted stock units on 07/01/2022 (2,048 shares) and from previously exercised stock options on 11/17/2020 (12,952 shares). The filing also discloses a 10b5-1 sale of 754 shares on 07/01/2025 generating gross proceeds of $50,844.63. The filer attests there is no undisclosed material adverse information.
Affirm Holdings, Inc. (AFRM) Form 144 notice shows a proposed sale of 22,725 common shares (restricted stock units) by the holder, with an approximate aggregate market value of $1,817,772.75 and an intended sale date of 08/29/2025 on NASDAQ. The shares were acquired as RSUs on 01/01/2024 and the filing reports 284,917,717 shares outstanding for the issuer, providing context for the sale size relative to the company’s share count.
The filing also discloses prior 10b5-1 sales by the same person: 15,871 shares sold on 08/04/2025 generating $1,190,325.00 in gross proceeds. The filer attests they are not aware of any undisclosed material adverse information at the time of signing and notes reliance on Rule 10b5-1 for prior sales. The notice is a regulatory disclosure of an insider’s planned disposition and past 10b5-1 sales, without additional financial performance data.
Affirm Holdings, Inc. (AFRM) filing of Form 144 notifies a proposed sale of 36,878 common shares with an aggregate market value of $2,949,871.22 to be sold on 08/29/2025 on NASDAQ through Morgan Stanley Smith Barney LLC.
The shares were acquired the same day by exercise of stock options and paid in cash. The filing also discloses multiple prior 10b5-1 sales by Katherine Adkins totaling ~122,987 shares between 07/07/2025 and 08/06/2025 for gross proceeds shown across entries (totaling several million dollars).
Affirm Holdings, Inc. (AFRM) Form 144 filed by Maksim Rafael Levchin notifies intent to sell Class A common stock. The filing reports an intended sale of 348,286 shares through J.P. Morgan Securities on 08/28/2025 with an aggregate market value of $27,923,168. The shares were acquired the same day via a stock option exercise and paid in cash. The filer also disclosed two recent sales in August 2025 totaling 182,396 shares for gross proceeds of $14,608,558.50. The filing includes the standard representation that the seller is not aware of any material nonpublic information about the issuer.
Affirm Holdings, Inc. filed a Form S-8 to register an additional 16,255,640 shares of Class A common stock under its Amended and Restated 2012 Stock Plan and 3,251,128 additional shares under its 2020 Employee Stock Purchase Plan. The filing incorporates prior Form S-8 registrations and omits Part I information consistent with Form S-8 instructions. The registration was executed in San Francisco, California, on August 28, 2025.
Affirm Holdings, Inc. (AFRM) describes a commerce and payments platform that facilitated $36.7 billion of gross merchandise volume (GMV) in fiscal 2025 while expanding engagement metrics and announcing GAAP operating income profitability in Q4 of fiscal 2025. The company states interest-bearing monthly installment loans represented 72% of GMV in fiscal 2025 versus 74% in fiscal 2024, while Pay-in-X and 0% APR installments were 14% and 13% of GMV, respectively. Repeat consumers drove 94% of transactions in fiscal 2025 and active consumers averaged 5.8 transactions, up ~20% year-over-year. Affirm emphasizes its data-driven underwriting trained on ~343 million loans, diversified funding channels including securitizations and warehouse facilities, and growth levers such as the Affirm Card, merchant integrations, and international expansion. The filing also outlines concentrated operational risks: reliance on primary originating banks and a single card issuer, funding availability and market-rate sensitivity, extensive regulatory and litigation exposure, model and AI risks, cybersecurity concerns, and the potential for loan performance deterioration.
Affirm Holdings, Inc. filed a current report describing that it released a Shareholder Letter with its financial results for the fourth fiscal quarter ended June 30, 2025. The letter, dated August 28, 2025, is provided as an exhibit and is incorporated by reference.
The company notes that the Shareholder Letter contains certain non-GAAP financial measures, and that reconciliations to the comparable GAAP figures are included within that letter and its financial tables. The information in this report related to the letter is being furnished rather than filed, which affects how it is treated under securities law.
Affirm Holdings insider Robert O'Hare executed multiple option-related transactions and a sale on 08/22/2025. The filing shows the reporting person acquired stock options or rights covering 20,829; 6,528; 19,857; 8,958; 16,983; and 4,645 shares with exercise prices of $49, $41.80, $17.19, $22.30, $23.35, and $57.59 respectively, with varying vesting schedules. The reporting person sold 77,800 shares on the same date at a weighted average price of $80.09 per share, and the Form 4 reports 0 shares beneficially owned following the sale. The purchases were effected pursuant to a Rule 10b5-1 trading plan adopted December 6, 2024.
Linford Michael, Chief Operating Officer of Affirm Holdings, Inc. (AFRM), reported transactions on 08/22/2025 conducted under a Rule 10b5-1 trading plan adopted February 14, 2025. On that date he exercised stock options to acquire 184,200 shares of Class A Common Stock at an exercise price of $5.39 per share and concurrently sold 184,200 shares at a weighted average sale price of $80.09 per share. The filing reports 294,040 shares beneficially owned following the acquisition step and 109,840 shares beneficially owned following the sale. The Form 4 discloses the option terms: the options are exercisable and vesting details reference an August 27, 2018 commencement with remaining vesting through three years thereafter.
Max Levchin, CEO and director of Affirm Holdings, reported transactions on Form 4 showing he sold 167,443 shares of Class A common stock on 08/22/2025 at a weighted average price of $80.10 per share under a Rule 10b5-1 trading plan adopted March 17, 2025. The sale reduced his direct holdings of the reported tranche to 0 shares, while he continues to be listed as an indirect holder of 735,294 shares through the Levchin 2012 Irrevocable Trust. The filing also discloses that Levchin has 4,000,000 earned and vested performance-based stock options from a 2021 grant, and total beneficial ownership reported after transactions is 12,317,604 shares.