Revenue segments as reported by the company.

Merchant network revenue

Virtual card network revenue

Interest income

Gain (loss) on sales of loans

Servicing income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Loss on loan purchase commitment

Provision for credit losses

Funding costs

Processing and servicing

Technology and data Analytics

Sales and marketing

General and administrative

Restructuring charges, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Affirm

Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce. Its platform consists of three core elements: a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The company was founded by Max R. Levchin in 2012 and is headquartered in San Francisco, CA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Affirm Holdings reports strong Q1 earnings, cautious about guidance

AFRM had a strong quarter with a focus on Debit+ and credit performance. The company is cautious about guidance and forecasts, aiming to maintain unit profitability and offset credit losses. AFRM reaffirms commitment to positive adjusted operating income and anticipates ongoing progress in merchant amendments.

Affirm reports mixed Q2 results, focuses on credit performance and profitability

Affirm's Q2 performance showed a mix of results with a focus on credit performance and profitability initiatives. The company faces challenges in consumer spending, credit risk management, and yield pressure. Opportunities exist in reengagement strategies, margin-improving projects, and integrating Debit+ for growth.
Affirm's strong credit performance, effective credit control, and successful partnerships are key strengths. Challenges include managing credit tightly amidst economic conditions and optimizing margins. Opportunities for growth include focusing on higher credit quality loans, margin improvement, and enhancing engagement metrics.

Affirm excels in Q3, focuses on credit performance and growth

Affirm's Q3 showcased exceptional performance and strategic initiatives, with a strong focus on credit performance and product value. Challenges in specific sectors are being addressed, while opportunities in merchant agreements and operational efficiency are being pursued.

Affirm surpasses Q4 expectations, eyes strategic growth amid challenges

Affirm's Q4 performance exceeded expectations, emphasizing profitability and strategic growth initiatives. Despite challenges like credit environment impact and economic volatility, Affirm is poised for further success through market opportunities and strategic planning.

Affirm exceeds Q1 revenue expectations, focuses on innovation and partnerships

Affirm's Q1 performance showcased strong growth and operational efficiency, driven by key product initiatives and effective expense management. The company's focus on innovation, partnerships, and consumer education positions it well for future growth and market expansion.

Affirm reports robust Q2 results, eyes aggressive card adoption strategy

Affirm's Q2 performance showcased growth in GMV and strong partnerships driving positive outcomes. Challenges lie in managing funding costs and credit box expansion, while opportunities exist in increasing Affirm card adoption and enhancing user experience.

Affirm reports robust Q3 performance, eyes international expansion opportunities

Affirm's Q3 performance reflects strong GMV growth, operational efficiency, and resilience to market dynamics.
The company's strengths lie in positive unit economics, unique product offerings, and a focus on long-term growth.
Challenges include quantifying pricing impact, international expansion complexities, and funding requirements.
Opportunities for Affirm include midsized business focus, international growth, and product innovation for market expansion.

Affirm reports robust Q4 performance, eyes growth amid credit challenges

Affirm's Q4 2024 earnings call highlighted strong performance, credit control emphasis, and strategic partnerships. Challenges include managing the credit environment and consumer spending in changing rate environments. Opportunities lie in disciplined growth, investment strategies, and sustainable profitability.

Affirm reports strong Q1 results, eyes UK expansion for growth

Affirm's Q1 performance was strong, with a positive outlook for revenue uplift and RLTC margins. While challenges exist in reinvestment and benchmark rate declines, opportunities in the U.K. market and expansion into new markets present growth potential.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Affirm is founded by PayPal co-founder Max Levchin, Nathan Gettings, Jeffrey Kaditz and Alex Rampell as an alternative to credit card.

The company raises $7.5 million in Series A funding from Charlie Songhurst, David Sacks and others, with a valuation of $15 million. 

Affirm is valued at $85 million after it raises $26 million from Khosla Ventures and others.

The company raises $275 million in a deal led by Spark Capital, giving it a pre-money valuation of $450 million. 

The company raises $140 million in a deal led by Founders Fund, giving it a pre-money valuation of $700 million.

Affirm acquires budgeting app Sweep, expanding beyond point-of-sale lending to provide financial advice for users.

The online checkout option "Pay with Affirm" becomes widely popular, especially with Millennial shoppers looking to buy expensive items.

Affirm partners with Walmart to allow customers to make purchases both in store and on Walmart.com.

Affirm raises another $300 million in funding, led by Thrive Capital.

Affirm partners with Shopify, making its "buy now, pay later" model available to more U.S. merchants.

Affirm partners with Neiman Marcus to give customers a flexible way to buy gifts (or just something for themselves). 

Affirm files to go public on NASDAQ under the stock ticker symble AFRM, with an expected offering amount of $100 million.

affirm.com/press
SEC Form S-1
Marketwatch
Forbes
Inc.
NY Times
TechCrunch
Washington Post

Buy now pay later platform Affirm held its first earnings call as a public company Thursday (Feb. 11), presenting solid metrics for 2020 and a case for its continued growth in 2021. However, the pace of that growth was called into question as the company expected third-quarter gross merchandise volume (GMV) to decline to between […]

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SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM) (“Affirm” or the "Company”), a more flexible and transparent alternative to credit cards, today reported financial results for its fiscal 2021 second quarter ended December 31, 2020. "Since we founded Affirm and through to this day, our mission has been to build honest financial products that improve lives. We've aligned our success with the success of both sides of the commerce ecosystem, winning when our consumers and our me

Affirm Reports Fiscal Year 2021 Second Quarter Results

Affirm stock has been consolidating in preparation for its next big move. Here's a look at why the company is a key disruptor in e-commerce.

Affirm Stock Is a Strong Investment in E-Commerce Payments Disruption

Fintech company Affirm Holdings Inc (NASDAQ: AFRM), which started trading in early January is a top-three player in the buy now, pay later space that offers consumers an alternative method to finance goods. The Affirm Holdings Analysts: Morgan Stanley analyst James Faucette initiated coverage of Affirm's stock with an Overweight rating and a $142 price target.

Affirm's Stock: Why Morgan Stanley Recommends, Goldman Sachs Is Waiting It Out

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This payments company makes the credit process easier for consumers.

1 Recent Fintech IPO to Watch

Don't believe in Affirm stock as its loan losses are too hard to accept. AFRM stock is overvalued given its massive loan losses last year.

Affirm Stock Is Overvalued Given Its Massive Loan Losses

Affirm is riding on megatrends such as e-commerce and buy now, pay later.

Affirm's Stock Price More Than Doubled Post IPO. Here's What Investors Should Know

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), a more flexible and transparent alternative to credit cards, today announced it will host a conference call and webcast to discuss second quarter fiscal year 2021 financial results on Thursday, February 11, 2021 at 5:00pm ET. Hosting the call will be Max Levchin, Founder and Chief Executive Officer, and Michael Linford, Chief Financial Officer. The conference call will be webcast live from the Company's investor relations web

Affirm to Announce Second Quarter 2021 Results on February 11, 2021

HEICO

Vector Group

Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when there is uncertainty in the markets.

Notable Insider Buys Of The Past Week: Affirm, HEICO, Vector Group, Biotechs And More

Shares of the new public offering skyrocketed in the first two days of trading.

Is Hot IPO Affirm Holdings Worth Its High Price?

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Canoo

These top stocks to buy in 2021 include names like NIO stock and GOEV stock. All represent fast-growing themes.

5 Stocks to Buy in 2021 for Rapid-Fire Growth

Petco Health and Wellness

Let's take a look at two recent IPOs that have flown somewhat under the radar.

2 Recent IPOs to Monitor

Playtika Holding

In another busy week for the IPO market, eight IPOs and 24 SPACs went public, headlined by two billion-dollar deals. Activity shows no sign of letting up as 18 IPOs and 23 SPACs submitted initial filings.

U.S. IPO Weekly Recap: Playtika And Affirm's Billion-Dollar Deals Headline An 8 IPO Week

Poshmark

These fledging public companies deserve a place on your watch list.

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Affirm is the latest fintech name which has seen incredible momentum following its public debut. Shares doubled on their first day of trading, and have nearly quadrupled from the valuation range a few weeks ago.

Affirm Holdings: The Most Recent High-Flyer

While Affirm's buy now, pay later lending service is growing fast, its shares are priced for perfection

After 98% IPO Pop, 3 Risks To Buying Affirm Stock

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First-day jumps show that either ordinary investors are paying too much or companies are getting too little.

Affirm, Motorsport Games Show the Stock Market's IPO Process Is Still Broken

The company has a long and distinguished tech pedigree.

Fintech Lender Affirm IPO Nearly Doubles on Its First Day of Trading

How's this for a positive affirmation of the 2021 IPO market? Tech companies closed out 2020 with several blockbuster IPOs, including the much-hyped debuts of Airbnb and DoorDash.

Tech IPOs are still popping in 2021 as Affirm stock surges 80% in market debut

Shares of lending startup Affirm Holdings, founded by PayPal's co-founder Max Levchin, soared in their debut on Wednesday, giving the company a market capitalization of over $22 billion. Affirm's shares opened at $90.90 on the Nasdaq, 85.5 percent higher than their upwardly revised initial public offering (IPO) price of $49 apiece.

Max Levchin's Affirm surges in Nasdaq debut

When AFRM stock IPO'd, shares jumped 100%. Longer-term, the company could succeed if it navigates risk well.

News for Affirm Stock (AFRM)