Affirm Holdings Inc

Affirm Holdings Inc

AFRM · NASDAQ · Financial Services / Credit Services

65.11USD-0.73 (-1.11%)

Price History

Full chart

Market Stats

Previous Close65.84
Open66.00
Day Range64.48 – 67.53
52-Week Range42.10 – 90.44
Volume4.90M
Market Cap24.74B
P/E (TTM)13.26
Forward P/E35.59
EPS5.53
Dividend Yield0.00%
Beta3.82
50-Day Avg73.16
200-Day Avg66.52

About

Affirm Holdings, Inc. operates payment network in the United States, Canada, and internationally. Its platform offers pay-over-time solutions at checkout for both consumers and merchants. The company's commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time. It has active merchants covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies with an omni-channel presence. The company's merchants represent a range of industries, including electronics; equipment and auto; fashion and beauty; general merchandise; home and lifestyle services; sporting goods and outdoors; and travel and ticketing. Affirm Holdings, Inc. was founded in 2012 and is headquartered in San Francisco, California.

Company Details

  • SectorFinancial Services
  • IndustryCredit Services
  • CEOMr. Max Roth Levchin
  • Employees2.36K
  • Headquarters221 Main Street, San Francisco, CA, United States, 94105, USA
  • Websitehttps://www.affirm.com

Leadership

  • Mr. Max Roth LevchinFounder, CEO & Chairman · b. 1976
  • Mr. Michael A. LinfordPresident · b. 1983
  • Mr. Libor MichalekPresident & Director · b. 1974
  • Mr. Robert W. O'HareChief Financial Officer · b. 1981
  • Ms. Katherine Adkins Esq.Chief Legal & Compliance Officer and Secretary · b. 1962
  • Ms. Siphelele JiyaneChief Accounting Officer
  • Mr. Zane Keller C.F.A.Head of Investor Relations

Financials

Income Statement

Currency: USD2019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Revenue264.37M509.53M870.46M1.35B1.59B2.32B3.22B3.95B
Growth (%)-+92.74%+70.84%+55.01%+17.69%+46.29%+38.80%+22.48%
Cost of Revenue108.74M172.21M322.91M576.46M873.16M845.11M1.05B1.22B
Gross Profit155.63M337.32M547.55M772.84M714.82M1.48B2.18B2.73B
Gross Margin58.87%66.20%62.90%57.28%45.01%63.62%67.51%69.10%
Operating Expense257.17M445.11M931.22M1.64B1.92B2.09B2.26B1.86B
Operating Income-101.55M-107.79M-383.67M-866.05M-1.20B-615.85M-87.27M870.87M
Operating Margin-38.41%-21.15%-44.08%-64.19%-75.62%-26.51%-2.71%22.05%
EBITDA-89.26M-70.46M-370.69M-602.41M-671.60M-2.23M711.99M1.25B
EBITDA Margin-33.76%-13.83%-42.59%-44.65%-42.29%-0.10%22.08%31.64%
Net Income-120.45M-112.60M-441.03M-707.42M-985.35M-517.76M52.19M1.93B
Net Income Margin-45.56%-22.10%-50.67%-52.43%-62.05%-22.29%1.62%48.87%
R&D70.81M112.98M249.34M418.64M615.82M501.86M--
R&D as % of Total Revenue26.78%22.17%28.64%31.03%38.78%21.60%--
Interest Expense25.89M32.32M52.70M69.69M183.01M344.25M425.45M453.62M
Interest Expense % of Total Revenue9.80%6.34%6.05%5.17%11.52%14.82%13.19%11.49%

Balance Sheet

Currency: USD2019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Assets1.15B1.40B4.87B6.97B8.16B9.52B11.15B15.79B
Total Liabilities1.41B1.77B2.29B4.36B5.62B6.79B8.09B10.31B
Total Equity-263.41M-367.10M2.58B2.62B2.53B2.73B3.07B5.48B
Cash320.45M267.06M1.47B1.26B892.03M1.01B1.35B2.43B
Total Debt585.95M917.15M1.98B4.14B5.45B6.61B7.85B9.82B
Net Debt265.50M650.09M515.75M2.89B4.56B5.60B6.50B7.39B

Cash Flow

Currency: USD2019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Operating Cash Flow-92.50M-71.30M-193.13M-162.19M12.18M450.14M793.91M1.23B
Investing Cash Flow-353.73M-253.07M-1.02B-2.01B-1.65B-1.33B-1.08B-2.55B
Financing Cash Flow566.50M294.73M2.58B2.04B1.35B913.15M751.42M2.01B
Capital Expenditure21.25M21.02M20.25M111.70M120.78M159.30M192.19M238.35M
Free Cash Flow-113.75M-92.32M-213.38M-273.90M-108.59M290.84M601.72M992.63M
Dividends Paid309.56M2.22B4.82B-15.77M---
FCF to OCF122.97%129.48%110.49%168.87%-891.50%64.61%75.79%80.64%
Dividend Paid to FCF-272.14%-2408.21%-2258.73%--14.52%---

Earnings

Report DateSep 30, 2019Sep 30, 2020Oct 8, 2020Feb 11, 2021May 10, 2021Sep 9, 2021Nov 10, 2021Feb 10, 2022May 12, 2022Aug 25, 2022Nov 8, 2022Feb 8, 2023May 9, 2023Aug 24, 2023Nov 8, 2023Feb 8, 2024May 8, 2024Aug 28, 2024Nov 7, 2024Feb 6, 2025May 8, 2025Aug 28, 2025Nov 6, 2025Feb 5, 2026May 7, 2026Aug 27, 2026Nov 5, 2026
EPS Estimate0.000.00-0.20-0.81-0.27-0.29-0.30-0.22-0.39-0.73-0.83-0.99-0.85-0.85-0.61-0.55-0.30-0.510.170.430.400.120.620.840.730.330.35
EPS Actual-0.64-0.630.14-0.40-1.00-0.48-1.13-0.57-0.19-0.65-0.86-1.08-0.57-0.69-0.56-0.54-0.41-0.140.360.760.190.530.610.720.624.62-
Surprise--170.00%50.62%-270.37%-65.52%-276.67%-159.09%51.28%10.96%-3.61%-9.09%32.94%18.82%8.20%1.82%-36.67%72.55%111.76%76.74%-52.50%328.91%-1.61%-14.29%-15.07%1300.00%-
Timing---After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap24.74B
Enterprise Value32.16B
Trailing P/E13.26
Forward P/E35.59
PEG Ratio8.24
Price / Sales5.81
Price / Book4.47
EPS5.53
Book Value16.26
Revenue (TTM)4.26B
Gross Profit (TTM)2.08B
EBITDA739.19M
Profit Margin45.29%
Operating Margin12.63%
Return on Equity45.13%
Return on Assets1.93%
Shares Outstanding296.88M
Shares Float283.76M
Beta3.82
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 34 analystsTarget 98.33
  • Strong Buy
    21
  • Buy
    6
  • Hold
    7

Ownership Breakdown

Institutions
87.84%
Insiders
4.30%
Retail / Other
7.86%

Top Institutional Holders

  • Capital Research Global Investors
    26.00M7.71%
  • Capital World Investors
    23.12M6.85%
  • Morgan Stanley - Brokerage Accounts
    23.00M6.82%
  • BlackRock Inc
    19.61M5.81%
  • FMR Inc
    17.58M5.21%
  • JPMorgan Chase & Co
    16.72M4.96%
  • Vanguard Capital Management, LLC
    12.32M3.65%
  • Vanguard Portfolio Management, LLC
    11.89M3.52%
  • State Street Corp
    6.35M1.88%
  • Baillie Gifford & Co Limited.
    5.86M1.74%
  • Geode Capital Management, LLC
    5.71M1.69%
  • Winslow Capital Management, LLC
    4.58M1.36%
  • Durable Capital Partners LP
    4.43M1.31%
  • NORGES BANK
    3.68M1.09%

Top Fund Holders

  • American Funds Growth Fd of Amer A
    18.49M5.48%
  • American Funds AMCAP A
    11.00M3.26%
  • Vanguard MStar Total Stk Mkt Idx Invest
    8.51M2.52%
  • Vanguard Small Cap Index
    6.01M1.78%
  • American Funds SMALLCAP World A
    5.79M1.72%
  • Scottish Mortgage Ord
    3.79M1.12%