Risk factors

Affirm Holdings (AFRM) risk factors

Item 1A of every Affirm Holdings, Inc. 10-K on file, and what changed from one year to the next.

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  • FY2026 10-K risk factors

    51 risks, 7 new, 9 dropped, 12 reworded since the prior year. New risks emphasize dependence on a few commercial and bank partners, including potential termination, competition, and third-party oversight.

    Filed Aug 27, 2026
  • FY2025 10-K risk factors

    53 risks. Affirm faces severe credit, competitive, and regulatory risks regarding partner relationships, loan underwriting, and consumer spending trends.

    Filed Aug 28, 2025