XML 130 R114.htm IDEA: XBRL DOCUMENT
v3.23.2

Stockholders’ Equity - Additional Information (Details) $ / shares in Units, $ in Thousands | 12 Months Ended |
--- | --- | ---
Jun. 30, 2023 USD ($) class vote $ / shares shares | Jun. 30, 2022 USD ($) $ / shares shares | Jun. 30, 2021 USD ($) $ / shares shares | Jun. 30, 2020 USD ($)
Temporary Equity [Line Items] |  |  |  |
Number of classes of common stock | class | 2 |  |  |
Total common stock reserved for future issuance (in shares) | shares | 89,817,462 | 84,314,979 |  |
Warrants granted for purchase (in shares) | shares | 22,000,000 |  |  |
Exercise price of warrants (in USD per share) | $ / shares | $ 42.32 |  |  |
Dividend yield | 0.00% |  |  |
Volatility | 45.00% |  |  |
Vesting of warrants exercised | $ 133,500 |  |  |
Sale of warrants recognized | 463,300 | $ 281,000 |  |
Amortization expense of warrants sold | 41,400 | 26,300 |  |
Expenses on sale of warrants | $ 421,900 | $ 254,700 |  |
Weighted-average grant date fair value of warrants granted (in dollars per share) | $ / shares |  | $ 94.20 | $ 13.34 |
Weighted-average grant date fair value for outstanding warrants (in dollars per share) | $ / shares | $ 94.20 |  |  |
Weighted-average grant date fair value for exercisable warrants (in dollars per share) | $ / shares | $ 109.12 |  |  |
Granted (in shares) | shares | 0 | 22,000,000 |  |
Commercial Agreement Asset, Shopify Inc, Warrants |  |  |  |
Temporary Equity [Line Items] |  |  |  |
Commercial agreement asset, gross |  | $ 133,500 | $ 270,600 |
Minimum |  |  |  |
Temporary Equity [Line Items] |  |  |  |
Warrants exercise term | 3 years 6 months |  |  |
Risk free rate | 0.93% |  |  |
Maximum |  |  |  |
Temporary Equity [Line Items] |  |  |  |
Warrants exercise term | 7 years 6 months |  |  |
Risk free rate | 1.47% |  |  |
Redeemable Convertible Preferred Stock |  |  |  |
Temporary Equity [Line Items] |  |  |  |
Redeemable convertible preferred stock, aggregate purchase amount |  |  | $ 434,542 |
Conversion of convertible debt (in shares) | shares |  |  | 4,444,321 |
Carrying value reclassified | $ 0 | $ 0 | $ 0 | $ 804,170
Class A common stock |  |  |  |
Temporary Equity [Line Items] |  |  |  |
Number of votes per share | vote | 1 |  |  |
Exercise price of warrants (in USD per share) | $ / shares | $ 100 |  |  |
Class A common stock | First Warrant Shares |  |  |  |
Temporary Equity [Line Items] |  |  |  |
Shares purchased by warrants (in shares) | shares | 7,000,000 |  |  |
Exercise price of warrants (in USD per share) | $ / shares | $ 0.01 |  |  |
Warrants exercise term | 7 years 6 months |  |  |
Class A common stock | Second Warrant Shares |  |  |  |
Temporary Equity [Line Items] |  |  |  |
Shares purchased by warrants (in shares) | shares | 15,000,000 |  |  |
Class B common stock |  |  |  |
Temporary Equity [Line Items] |  |  |  |
Number of votes per share | vote | 15 |  |  |

X
- Definition Class of Warrant or Right, Exercisable, Weighted-Average Grant Date Fair Value + References No definition available. + Details
Name: | afrm_ClassOfWarrantOrRightExercisableWeightedAverageGrantDateFairValue
Namespace Prefix: | afrm_
Data Type: | dtr-types1:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Class of Warrant or Right, Outstanding, Weighted-Average Grant Date Fair Value + References No definition available. + Details
Name: | afrm_ClassOfWarrantOrRightOutstandingWeightedAverageGrantDateFairValue
Namespace Prefix: | afrm_
Data Type: | dtr-types1:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Class Of Warrants Or Rights, Amortization Expense + References No definition available. + Details
Name: | afrm_ClassOfWarrantsOrRightsAmortizationExpense
Namespace Prefix: | afrm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Class Of Warrants Or Rights, Dividend Yield + References No definition available. + Details
Name: | afrm_ClassOfWarrantsOrRightsDividendYield
Namespace Prefix: | afrm_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Class Of Warrants Or Rights, Exercise Term + References No definition available. + Details
Name: | afrm_ClassOfWarrantsOrRightsExerciseTerm
Namespace Prefix: | afrm_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Class Of Warrants Or Rights, Expenses On Grant Date Fair Value On Sale Of Warrants + References No definition available. + Details
Name: | afrm_ClassOfWarrantsOrRightsExpensesOnGrantDateFairValueOnSaleOfWarrants
Namespace Prefix: | afrm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Class Of Warrants Or Rights Granted, Common Shares Purchased + References No definition available. + Details
Name: | afrm_ClassOfWarrantsOrRightsGrantedCommonSharesPurchased
Namespace Prefix: | afrm_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Class Of Warrants Or Rights, Volatility + References No definition available. + Details
Name: | afrm_ClassOfWarrantsOrRightsVolatility
Namespace Prefix: | afrm_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Class Or Warrants Or Rights, Risk Free Rate + References No definition available. + Details
Name: | afrm_ClassOrWarrantsOrRightsRiskFreeRate
Namespace Prefix: | afrm_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Class Or Warrants Or Rights, Sale Or Warrants Recognized + References No definition available. + Details
Name: | afrm_ClassOrWarrantsOrRightsSaleOrWarrantsRecognized
Namespace Prefix: | afrm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Commercial Agreement Asset, Gross + References No definition available. + Details
Name: | afrm_CommercialAgreementAssetGross
Namespace Prefix: | afrm_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Common Stock, Voting Rights, Number Of Votes Per Share + References No definition available. + Details
Name: | afrm_CommonStockVotingRightsNumberOfVotesPerShare
Namespace Prefix: | afrm_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number Of Classes Of Common Stock + References No definition available. + Details
Name: | afrm_NumberOfClassesOfCommonStock
Namespace Prefix: | afrm_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Stock Granted During Period, Shares, Warrants Granted + References No definition available. + Details
Name: | afrm_StockGrantedDuringPeriodSharesWarrantsGranted
Namespace Prefix: | afrm_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Stock Granted During Period, Shares, Warrants Granted, Weighted Average Grant Date Fair Value + References No definition available. + Details
Name: | afrm_StockGrantedDuringPeriodSharesWarrantsGrantedWeightedAverageGrantDateFairValue
Namespace Prefix: | afrm_
Data Type: | dtr-types1:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Temporary Equity, Stock Issued During Period, Shares, Conversion of Convertible Securities + References No definition available. + Details
Name: | afrm_TemporaryEquityStockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
Namespace Prefix: | afrm_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Warrants Exercised Upon Vesting + References No definition available. + Details
Name: | afrm_WarrantsExercisedUponVesting
Namespace Prefix: | afrm_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Exercise price per share or per unit of warrants or rights outstanding. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3 + Details
Name: | us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3 + Details
Name: | us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Aggregate number of common shares reserved for future issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_CommonStockCapitalSharesReservedForFutureIssuance
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.E.Q2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479830/718-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B + Details
Name: | us-gaap_TemporaryEquityCarryingAmountAttributableToParent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_TemporaryEquityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Value of new stock classified as temporary equity issued during the period. + References No definition available. + Details
Name: | us-gaap_TemporaryEquityStockIssuedDuringPeriodValueNewIssues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | afrm_CommercialAgreementAssetTypeAxis=afrm_CommercialAgreementAssetShopifyIncWarrantsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_RedeemableConvertiblePreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ClassOfWarrantOrRightAxis=afrm_FirstWarrantSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ClassOfWarrantOrRightAxis=afrm_SecondWarrantSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |