Affirm Holdings, Inc. (AFRM) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
AFRM currently has 294M outstanding shares. with limited dilution risk as only 24.6M additional shares (8.4%) are authorized for issuance. The company has minimally diluted shareholders by 9.67% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 07, 2026 |
10-Q filing | 294.4M shares outstanding |
290M | 25M |
| Nov 06, 2025 |
10-Q filing | 289.4M shares outstanding |
290M | 25M |
| Nov 06, 2025 |
8-K filing: Affirm Holdings, Inc. entered into a second amendment to the amended and restated warrant to purchase up to an aggregate of 15,000,000 shares of Class A common stock with Amazon Services. The exercise price is $100.00 per share for Warrant Shares that vest based on the number of New Users Acquired prior to February 1, 2026 and $63.06 per share for Warrant Shares that vest based on the number of New Users Acquired on or after February 1, 2026. |
280M | 25M |
| Aug 28, 2025 |
10-K filing | 284.9M shares outstanding |
280M | 25M |
| May 09, 2025 |
10-Q filing | 281.8M shares outstanding |
280M | 25M |
| Feb 06, 2025 |
10-Q filing | 277.3M shares outstanding |
280M | 25M |
| Dec 20, 2024 |
8-K filing: Affirm Holdings, Inc. sold $920 million aggregate principal amount of 0.75% Convertible Senior Notes due 2029 and repurchased $960 million aggregate principal amount of the Company's 0% convertible notes due 2026 for $892.8 million and repurchased 3,526,590 shares of its Class A common stock for $250 million. ($250.0M proceeds) |
270M | 25M |
| Nov 07, 2024 |
10-Q filing | 271.9M shares outstanding |
270M | 25M |
| Aug 28, 2024 |
10-K filing | 267.4M shares outstanding |
270M | 25M |
| May 08, 2024 |
10-Q filing | 263.8M shares outstanding |
260M | 25M |
| Feb 08, 2024 |
10-Q filing | 259.6M shares outstanding |
260M | 25M |
| Nov 08, 2023 |
10-Q filing | 242.1M shares outstanding |
240M | 25M |
| Aug 25, 2023 |
10-K filing | 239.7M shares outstanding |
240M | 25M |
| May 09, 2023 |
10-Q filing | 235.8M shares outstanding |
240M | 25M |
| Feb 08, 2023 |
10-Q filing | 233.9M shares outstanding |
230M | 25M |
| Nov 08, 2022 |
10-Q filing | 230.0M shares outstanding |
230M | 25M |
| Aug 29, 2022 |
10-K filing | 229.0M shares outstanding |
230M | 25M |
| May 13, 2022 |
10-Q filing | 226.3M shares outstanding |
230M | 25M |
| Feb 14, 2022 |
10-Q filing | 223.8M shares outstanding |
220M | 25M |
| Nov 15, 2021 |
10-Q filing | 208.2M shares outstanding |
210M | 25M |
| Nov 10, 2021 |
8-K filing: Affirm Holdings, Inc. issued warrants to Amazon Services to purchase up to an aggregate of 22,000,000 shares of Class A common stock. |
190M | 25M |
| Sep 17, 2021 |
10-K filing | 194.0M shares outstanding |
190M | 25M |
| May 17, 2021 |
10-Q filing | 147.6M shares outstanding |
150M | 25M |
| Feb 17, 2021 |
10-Q filing | 129.8M shares outstanding |
130M | 25M |
| Jan 15, 2021 |
8-K filing: Affirm Holdings, Inc. closed its initial public offering of 28,290,000 shares of Class A common stock at $49.00 per share, resulting in gross proceeds of $1,312,047,765. ($1312.05M proceeds) |
240M | 25M |
| Jan 11, 2021 |
S-1/A filing: This S-1/A filing details the offering of 24,600,000 shares of Class A common stock with an option to purchase an additional 3,690,000 shares, and provides information on the company's capital structure, voting rights, and intended use of proceeds. |
240M | 25M |
| Jan 05, 2021 |
S-1/A filing: This S-1/A filing relates to a proposed offering of Class A common stock by Affirm Holdings, Inc., including an option for underwriters to purchase additional shares, with the net proceeds intended for general corporate purposes and to cover tax obligations related to RSU settlements. |
240M | 28M |
| Dec 22, 2020 |
S-1/A filing: This S-1/A filing relates to a proposed public offering of common stock by Affirm Holdings, Inc. to sell to the several Underwriters the respective numbers of Firm Shares set forth in Schedule I hereto opposite its name at $[●] a share and up to [●] Additional Shares at the Purchase Price. |
N/A | 15M |
| Nov 18, 2020 |
S-1 filing: This S-1 filing describes the company's initial public offering of Class A common stock. The filing also mentions shares of Class B common stock and warrants. |
N/A | 15M |