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These forward-looking statements reflect the Company's views with respect to future events as of the date hereof and are based on assumptions and subject to risks and uncertainties. Given these uncertainties,\ninvestors should not place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and the Company assumes no obligation and does not intend to update these\nforward-looking statements.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:44:04.936+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "720e6f9c-3b1f-46ba-a720-d527ec9ab152", "parentComponentId": null }, { "bbox": { "h": 0.166, "w": 0.938, "x": 0.03, "y": 0.116 }, "kind": "paragraph", "text": "Cautionary Note About Forward-Looking Statements\nThis document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the \"Securities Act\"), and Section 21E of the Securities Exchange Act of 1934, as amended, that\ninvolve risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including statements regarding: the Company's strategy and future operations, including the Company's\npartnerships with certain key merchants and commerce platforms as well as its engagement with existing and prospective originating bank partners; the development, innovation, introduction and performance of, and demand for,\nthe Company's products, including Affirm Card; the Company's ability to maintain funding sources to support its business; acquisition and retention of merchants and consumers; the Company's future growth, investments, network\nexpansion, product mix, brand awareness, financial position, gross merchandise volume, revenue, transaction costs, operating income, provision for credit losses, and cash flows; and general economic trends and trends in the\nCompany's industry and markets. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause the Company's actual results, performance or achievements to be\nmaterially different from any future results, performance or achievements expressed or implied by the forward-looking statements.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:44:04.936+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9c8860c0-8fb5-418c-9dc2-ba657c94efeb", "parentComponentId": null }, { "bbox": { "h": 0.229, "w": 0.938, "x": 0.03, "y": 0.619 }, "kind": "paragraph", "text": "Use of Non-GAAP Financial Measures\nTo supplement our condensed consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States (\"GAAP\"), we present the following non-GAAP\nfinancial measures: revenue less transaction costs, revenue less transaction costs as a percentage of GMV, adjusted operating loss and adjusted operating margin. 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Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable\nGAAP financial measures and not rely on any single financial measure to evaluate our business.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:44:04.936+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d7f1ac04-bbda-4977-bf5e-f79e5325663e", "parentComponentId": null }, { "bbox": { "h": 0.016, "w": 0.008, "x": 0.963, "y": 0.93 }, "kind": "source-note", "text": "2", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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Active Consumer defined as a consumer who engages in at least one transaction on our platform during the 12 months prior to the measurement date, presented as of the end of the period. Active Consumers includes consumers who engaged in at least one transaction on the PayBright and Returnly platforms during the 12 months prior to the measurement date and prior to the acquisitions of PayBright and Returnly by Affirm. A Returnly Active Consumer is defined as a consumer who engaged in at least one Returnly transaction and no Affirm transactions on our platform during the 12 months prior to the measurement date, presented as of the end of the period.\n2. Transactions per Active Consumer defined as the average number of transactions that an Active Consumer has conducted on our platform during the 12 months prior to the measurement date, presented as of the end of the period. 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"description": null }, "density": "dense", "densityScore": 54, "componentCount": 3, "textChars": 1152, "nDataPoints": 48, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 07:44:18.607+00", "seconds": 5.493, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de517-1504-7222-b28f-f8e006c8ab6d/51", "deck": "/decks/019de517-1504-7222-b28f-f8e006c8ab6d", "deckAnchor": "/decks/019de517-1504-7222-b28f-f8e006c8ab6d#slide-51", "deckJson": "/decks/019de517-1504-7222-b28f-f8e006c8ab6d.json" }, "components": [ { "bbox": { "h": 0.05, "w": 0.88, "x": 0.08, "y": 0.926 }, "kind": "source-note", "text": "Notes:\n1. Metrics are unaudited\n2. Other costs consist of expenses incurred in the period associated with the Company's initial public offering, acquisitions, impairment charges, restructuring, severance, and exit and disposal costs", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:44:18.607+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c0bcce90-5630-40ec-b0c7-8952b15c895d", "parentComponentId": null }, { "bbox": { "h": 0.39, "w": 0.925, "x": 0.045, "y": 0.09 }, "kind": "table", "text": "Twelve Months Ended June 30, 2021\nGAAP\nD&A\nStock-Based Compensation\nEnterprise Warrant & Share Based\nRestructuring charges, net\nOther Non-Recurring Items\nNon-GAAP\nLoss on loan purchase commitment $ 204,081 $ 0 $ 0 $ 0 $ 0 $ 0 $ 204,081\nProvision for credit losses 255,272 0 0 0 0 0 255,272\nFunding costs 69,694 0 0 0 0 0 69,694\nProcessing and servicing 157,814 604 2,431 0 0 0 154,779\nTotal Transaction Costs $ 686,861 $ 604 $ 2,431 $ 0 $ 0 $ 0 $ 683,826\nTechnology and data analytics $ 418,643 $ 40,480 $ 116,531 $ 0 $ 0 $ 0 $ 261,631\nSales and marketing 532,343 7,544 23,224 343,268 0 0 158,307\nGeneral and administrative 577,493 4,094 248,797 0 0 743 323,859\nRestructuring and other 0 0 0 0 0 0 0\nOther Operating Expenses $ 1,528,479 $ 52,118 $ 388,552 $ 343,268 $ 0 $ 743 $ 743,797\nTotal Operating Expenses $ 2,215,340 $ 52,722 $ 390,983 $ 343,268 $ - $ 743 $ 1,427,623", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:44:18.607+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4fb031af-a0ff-41ca-a921-42714ce70dfd", "parentComponentId": null }, { "bbox": { "h": 0.028, "w": 0.69, "x": 0.049, "y": 0.038 }, "kind": "title", "text": "GAAP to Non-GAAP Expense Reconciliation (FY'21)", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:44:18.607+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8239d584-b7ce-4218-bbdf-1a2f8921504e", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Table data", "slug": "table-data", "status": "active", "bestFor": null, "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d", "version": 1, "bodyDocId": null, "description": "Tabular layouts of structured data.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "09a4a7eb-4df6-44e0-9e04-a0afac9774ad", "evidence": "table/data: Twelve Months Ended June 30, 2021", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:54:05.788212+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 51, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [], "locked": true } ], "arcBeats": [ { "from": 5, "to": 9, "label": "Problem", "description": "The presentation starts by highlighting key operating and financial metrics, showcasing the company's current state" }, { "from": 10, "to": 14, "label": "Market Size", "description": "The presentation discusses various partnerships and transaction metrics, indicating a large and diverse market" }, { "from": 15, "to": 20, "label": "Solution", "description": "The presentation highlights Affirm's financial performance, including revenue and income" }, { "from": 28, "to": 30, "label": "Competition", "description": "The presentation compares Affirm's delinquency performance to select consumer lenders" }, { "from": 35, "to": 45, "label": "Financials", "description": "The presentation provides detailed financial metrics and reconciliations" } ], "loops": [ { "from": 15, "to": 20, "label": "Cost Of Inaction", "description": "Highlighting the benefits of Affirm's solution" }, { "from": 28, "to": 30, "label": "Mece Breakdown", "description": "Comparing delinquency performance to peers" } ] }