Affirm Results Presentation Deck
Income Statement Reconciliations
Income Statement Reconciliations ($K)
Total Revenue
Operating Expenses
Loss on loan purchase commitment
Provision for credit losses
Funding costs
Processing and servicing
Total Transaction Costs
Less: Processing and servicing
Revenue Less Transaction Costs
Plus: Provision for credit losses
June 30, 2020
$
Technology and data analytics
Sales and marketing
General and administrative
Total Operating Expenses
$
Operating Income (Loss)
$
Reconciliation from Revenue to Revenue Less Transaction Costs and
Total Revenue
$
Less: Loss on loan purchase commitment
Less: Provision for credit losses
Less: Funding costs
Plus: Enterprise warrant and share-based expense
Plus: Other costs*
Adjusted Operating Income (Loss)
$
$
$
153,332
$
Revenue Less Transaction Costs ex-Provision
Reconciliation from from Operating Income (Loss) to Adjusted Operating
Operating Income (Loss)
Plus: Depreciation and amortization
Plus: Stock-based compensation expense
September 30,
2020
$
55,311
(32,171)
7,817
14,806
45,763
31,744
5,066
31,439
114,012 $
39,320 $
$
$
153,332 $
55,311
(32,171)
7,817
14,806
107,569 $
(32,171)
75,398 $
39,320 $
2,023
5,400
46,743 $
173,978 $
65,868
28,931
10,352
13,498
118,649
33,768
22,582
32,273
207,272 $
(33,294) $
$
$
173,978 $
65,868
28,931
10,352
13,498
55,329 $
28,931
84,260 $
(33,294) $
3,720
6,203
14,261
1,191
(7,919) $
December 31,
2020
March 31, 2021
204,041 $
67,768 $
12,521
12,060
16,802
109,151
41,634
39,112
40,916
230,813 $
(26,772) $
$
204,041 $
67,768
12,521
12,060
16,802
94,890 $
12,521
107,411 $
(26,772) $
3,351
6,521
17,039
2,971
3,110 $
Three Months Ended
230,665 $
62,054 $
(1,063)
14,665
21,368
97,024 $
104,806
58,184
179,999
440,013 $
(209,348) $
230,665 $
62,054
(1,063)
14,665
21,368
133,641 $
(1,063)
132,578 $
June 30, 2021
(209,348) $
5,021
179,639
16,668
12,953
4,933 $
261,780 $
261,780
51,010
25,489
15,623
· Fiscal Quarter
51,010
25,489
15,623
21,910
114,032
69,128
62,312
130,561
376,033 $
(114,253) $
21,910
147.748
25,489
173,237
$
September 30,
2021
$
$
$
(114,253) $
7,887
100,144
16,853
3,582
14,213 $
Notes:
1. FY Q1'21 and FY Q2'21 amounts include adjustments to amounts previously reported due to effects of adoption of accounting standards effective July 1, 2020
2. FY Q3'21 amounts include adjustments to amounts previously reported due to an adjustment to stock-based compensation expense
affirm) 3. Other costs consists of one-time expenses incurred in the period associated with the Company's initial public offering, its acquisitions, and sublease impairment charges
4. Metrics are unaudited
269,385 $
51,678
63,647
16,753
25,201
157,279
78,013
63,960
136,204
435,456 $
(166,071) $
$
25,201
112.106
63,647
$
269,385 $
51,678
63,647
16,753
$
175,753 $
(166,071) $
10,541
93,189
17,039
209
(45,093) $
December 31,
2021
March 31, 2022
361,011 $
65,265
52,640
17,700
41,849
177,454
94,989
143,476
141,292
557,211 $
(196,200) $
$
236,197
$
361,011 $
65,265
52,640
17,700
41,849
183,557 $
52,640
$
(196,200) $
11,964
88,537
87,673
94
(7,932) $
June 30, 2022
354,762 $
46,853
66,294
15,824
43,371
172,342
110,291
156,214
142,466
581,313 $
(226,551) $
$
$
354,762 $
46,853
66,294
15,824
43,371
182,420 $
66,294
248,714 $
(226,551) $
13,102
98,387
119,039
25
4,002
$
364,134
40,285
72,691
19,417
47,393
179,786
135,350
168,693
157,531
641,360
(277,226)
364,134
40,285
72,691
19,417
47,393
184,348
72,691
257,039
(277,226)
17,115
110,870
119,517
415
(29,309)
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