Affirm Results Presentation Deck
Income Statement Reconciliations
September 30,
2020
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
Technology and data analytics
Sales and marketing
General and administrative
Total Operating Expenses
Operating Income (Loss)
Reconciliation from Revenue to Revenue Less
Total Revenue
Less: Loss on loan purchase commitment
Less: Provision for credit losses
Less: Funding costs
Less: Processing and servicing
Revenue Less Transaction Costs
Plus: Provision for credit losses
Revenue Less Transaction Costs ex-Provision
Reconciliation from from Operating Income (Loss) to
Operating Income (Loss)
Plus: Depreciation and amortization
Plus: Stock-based compensation expense
Plus: Enterprise warrant and share-based expense
Plus: Other costs*
Adjusted Operating Income (Loss)
$
$
$
$
$
$
$
$
$
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
December 31,
2020
14,261
1,191
(7,919) $
204,041
March 31, 2021
$
67,768
12,521
12,060
16,802
109,151
41,634
39,112
40,916
230,813 $
(26,772) $
16,802
94,890
12,521
$
$
204,041 $
67,768
12,521
12,060
$
107,411 $
(26,772) $
3,351
6,521
17,039
2,971
3,110 $
230,665
$
62,054 $
(1,063)
14,665
21,368
97,024
104,806
58,184
179,999
440,013 $
(209,348) $
21,368
133,641
(1,063)
June 30, 2021
$
230,665 $
62,054
(1,063)
14,665
$
132,578 $
(209,348) $
5,021
179,639
16,668
12,953
4,933 $
September 30,
2021
261,780 $
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
$
261,780 $
51,010
25,489
15,623
$
173,237 $
(114,253) $
7,887
100,144
16,853
3,582
14,213
$
-
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) $
Fiscal
December 31,
2021
361,011 $
65,265
52,640
17,700
41,849
177,454 $
94,989
143,476
141,292
557,211 $
(196,200) $
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
March 31, 2022
$
361,011 $
65,265
52,640
17,700
236,197
41,849
183,557 $
52,640
$
(196,200) $
11,964
88,537
87,673
94
(7,932) $
Quarter
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
$
September 30,
2022
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) $
361,624
35,610
64,250
25,066
54,359
179,285
144,961
163,873
160,972
649,091
(287,467)
361,624
35,610
64,250
25,066
54,359
182,339
64,250
246,589
(287,467)
20,882
119,808
128,205
5
(18,567)
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