Affirm Holdings, Inc. is a financial technology company headquartered in San Francisco, California, that operates a buy now pay later platform enabling consumers to pay for purchases in installments at point of sale through merchant integrations. The company originates loans through bank partners and retains a portion on its balance sheet, funding them through asset-backed securitization programs and warehouse credit facilities. As of December 31, 2025, Affirm held $8.77 billion in gross loans held for investment and reported total assets of $12.96 billion [Source: 10-Q, filed 2026-02-05, Condensed Consolidated Balance Sheets].

What is AFRM's DredgeCap risk score?

DredgeCap's AI analysis rates AFRM at 5.8/10 on the risk scale — Moderate risk. This score reflects dilution exposure, debt toxicity, liquidity position, and going-concern posture as disclosed in SEC filings.

Does AFRM have a going concern warning?

No current auditor going-concern warning is flagged in AFRM's SEC filings. Risk assessment is based on other filing-disclosed factors.

When did AFRM last file with the SEC?

AFRM's most recent SEC filing was a 10-Q filed 2026-02-05. All filings are available on SEC EDGAR.

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8-KMay 7, 2026

AFRM — 8-K Filing

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8-K Items Disclosed

Item 2.02 — Results of Operations and Financial Condition

Quarterly or annual earnings results released. Often paired with a press release as Exhibit 99.1.

Item 9.01 — Financial Statements and Exhibits

Press releases, exhibits, and supporting documents attached to this filing.

AFRM Filing Excerpt

afrm-20260507UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, DC 20549FORM 8-KCURRENT REPORTPursuant to Section 13 or 15(d) of theSecurities Exchange Act of 1934Date of report (Date of earliest event reported): May 7, 2026Affirm Holdings, Inc.(Exact name of registrant as specified in charter)Nevada 001-39888 84-2224323(State or other jurisdictionof incorporation) (CommissionFile Number) (IRS EmployerIdentification No.)650 California StreetSan Francisco, California94108(Address of principal executive offices)(Zip Code)Registrant’s telephone number, including area code: (415) 960-1518 Not Applicable(Former name or former address, if changed since last report)Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the…

Current DredgeCap Risk Profile

Risk Score

5.8/10

ELEVATED

Dilution

5.5

Debt Toxicity

5.0

Going Concern

✓ Not flagged

The risk profile above reflects the latest cached DredgeCap analysis for AFRM. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open AFRM's company page.

What is a 8-K?

A current report disclosing a material event that occurred between regular reporting periods. Companies are required to file an 8-K within four business days of certain events including earnings releases, executive changes, acquisitions, debt obligations, restructurings, and material agreements. Each 8-K specifies one or more 'Items' identifying which event triggered the filing.

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The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.