Affirm Furnishes Results and Extends Amazon Agreement
Summary
Affirm, Inc. entered into a Second Amended and Restated Installment Financing Services Agreement with Amazon Services and Amazon Payments, Inc. on November 6, 2025. Effective February 1, 2026, this Restated Agreement supersedes the prior one, securing Affirm's continued offering of installment loan products on Amazon.com and via Amazon Pay. The agreement has an initial five-year term through January 2031, with automatic extensions. Additionally, a Second Amendment to the warrant with Amazon Services was executed on November 2, 2025, adjusting exercise prices for warrant shares. The company also furnished its financial results via a Shareholder Letter (Ex. 99.1), reporting "stellar results" in growth and profitability.
Why It Matters
The multi-year extension of the Amazon partnership, a key distribution channel, is a significant positive signal for Affirm's long-term revenue and user acquisition. The warrant amendment impacts potential equity dilution and capital structure. The qualitative report of "stellar results" for Q1 2026 suggests strong operational performance.
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Key Quote
“The Restated Agreement has an initial term of five years that commences on February 1, 2026 and extends through the end of January 2031.”
— From Item 1.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001820953
- Filing Date
- Thursday, November 6, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive