Affirm Results Presentation Deck
Income
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
Statement Reconciliations
December 31,
2020
Less: Processing and servicing
Revenue Less Transaction Costs
Plus: Provision for credit losses
March 31, 2020 June 30, 2020
$
Plus: Enterprise warrant and share-based expense
Plus: Other costs*
Adjusted Operating Income (Loss)
$
$
138,273
$
$
$
43,519 $
82,216
8,204
13,678
147,617
33,654
7,108
31,399
219,778 $
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 Revenue Less Transaction
Total Revenue
$
(81,505) $
$
138,273 $
Less: Loss on loan purchase commitment
Less: Provision for credit losses
Less: Funding costs
43,519
82,216
8,204
$
Revenue Less Transaction Costs ex-Provision
72,872 $
Reconciliation from from Operating Income (Loss) to Adjusted Operating Income (Loss)
Operating Income (Loss)
Plus: Depreciation and amortization
Plus: Stock-based compensation expense
13,678
(9.344) $
82,216
(81,505) $
2,877
7,970
(70,658) $
153,332 $
55,311 $
(32,171)
7,817
14,806
45,763
September 30,
2020
$
31,744
5,066
31,439
114,012 $
39,320 $
153,332 $
55,311
(32,171)
7,817
14,806
107,569 $
(32,171)
39,320
2,023
5,400
75,398 $
$
46,743 $
173,978 $
65,868
28,931
10,352
13,498
118,649
33,768
22,582
32,273
207,272 $
(33,294) $
$
13,498
55,329
28,931
$
173,978 $
65,868
28,931
10,352
$
84,260 $
(33,294) $
3,720
6,203
14,261
1,191
(7,919) $
Three Months Ended
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
$
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
$
September 30,
2021
261,780 $
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
51,010
25,489
15,623
21,910
114,032 $
69,128
62,312
130,561
376,033 $
(114,253) $
$
261,780 $
51,010
25,489
15,623
21,910
147,748 $
25,489
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) $
$
$
269,385 $
51,678
63,647
16,753
25,201
112,106 $
63,647
175,753 $
(166,071) $
10,541
93,189
17,039
209
(45,093) $
December 31,
2021
March 31, 2021
361,011 $
65,265 $
52,640
17,700
41,849
177,454
94,989
143,476
141,292
557,211 $
(196,200) $
$
361,011 $
65,265
52,640
17,700
41,849
183,557 $
52,640
236,197 $
(196,200) $
11,964
88,537
87,673
94
(7,932) $
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
33View entire presentation