As of Q2'26, AFRM's cash and short-term investments stood at $2.25B, reflecting a notable rebound from the prior quarter's low of $1.48B in Q1'26, while total debt reached a peak of $9.14B, underscoring ongoing leverage pressures despite improved liquidity. Over the period from Q3'23 to Q2'26, cash and short-term investments exhibited moderate volatility with an overall upward trajectory, fluctuating between $1.86B and $2.25B but showing resilience through recoveries after dips, such as the 11% decline to $1.48B in Q1'26; in contrast, debt displayed a consistent growth pattern, rising steadily from $4.76B to $9.14B—a 92% increase—driven by progressive expansions in each fiscal year, which may signal expanding operations but heightens financial risk if not offset by revenue growth.