As of Q2'26 (2025-12-31), AFRM reported Cash & Short-term Investments of USD 2.25B and Debt of USD 1.13B. This marks a significant decrease in debt from the previous quarter, while cash reserves have reached their highest level in the reported period. From Q3'23 to Q2'26, AFRM’s cash position has generally trended upward with some fluctuations, peaking at USD 2.25B in Q2'26. Debt levels, however, showed a steady increase from USD 4.76B in Q3'23 to a high of USD 7.93B in Q1'26, before dropping sharply to USD 1.13B in Q2'26. This dramatic reduction in debt in the latest quarter represents a notable inflection point, significantly improving the company’s net cash position.