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Affirm Holdings, Inc.(AFRM US)

Overview

Profile

Financials & Metrics

FinancialsChartingShort InterestEmployees
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AFRM US​

Affirm Holdings, Inc. — Company Profile

Affirm Holdings, Inc. provides a digital and mobile-first commerce platform that operates across the United States and Canada. This platform offers consumers a point-of-sale financing solution, delivers various tools for merchants, and includes a dedicated mobile application for users. Leveraging its payment network and partnerships with originating banks, the company enables customers to spread the cost of their purchases over time, with payment terms ranging from a single month up to forty-eight months. By June 30, 2021, approximately 29,000 merchants had integrated Affirm's services, representing a diverse array of businesses from small enterprises and large corporations to direct-to-consumer brands and traditional physical stores. These businesses span numerous industries, including sporting goods, home furnishings, travel, apparel, accessories, consumer electronics, and jewelry. Affirm was founded in 2012 and is based in San Francisco, California.

Sector
Technology
Industry
Software - Infrastructure
Exchange
UQ
CEO
Max Rafailovych Levchin
Headquarters
San Francisco, CA, US
IPO Date
Jan 13, 2021
Employees
2,358
Website
www.affirm.com

Key Metrics

Price
$70.77
Market Cap
$23.70B
Revenue (TTM)
$1.15B
Net Income (TTM)
$1.93B
EPS (TTM)
5.76
P/E (TTM)
12.28
P/B (TTM)
4.32
Dividend Yield
0.00%
ROE (TTM)
35.19%
ROA (TTM)
12.22%
Operating Margin
36.26%
Beta
2.49

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Affirm Holdings, Inc. provides a digital and mobile-first commerce platform that operates across the United States and Canada. This platform offers consumers a point-of-sale financing solution, delivers various tools for merchants, and includes a dedicated mobile application for users. Leveraging its payment network and partnerships with originating banks, the company enables customers to spread the cost of their purchases over time, with payment terms ranging from a single month up to forty-eight months. By June 30, 2021, approximately 29,000 merchants had integrated Affirm's services, representing a diverse array of businesses from small enterprises and large corporations to direct-to-consumer brands and traditional physical stores. These businesses span numerous industries, including sporting goods, home furnishings, travel, apparel, accessories, consumer electronics, and jewelry. Affirm was founded in 2012 and is based in San Francisco, California.

Website
www.affirm.com
Location
San Francisco, CA, US
Phone415 984 0490
Employees2,358
CEOMax Rafailovych Levchin
SectorTechnology
IndustrySoftware - Infrastructure
IPO DateJan 13, 2021

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Leadership and capital allocation history.

Key Stats

Trading

Px/Chg 1D$70.77 / +0.48%
Prev Close$72.35
% of 52Wk H77.34%
Avg Volume5.36M
Beta2.49
Mkt Cap23.70B
FD Mkt Cap24.14B

Float

Shrs Out/Float334.90M / 281.25M
Short Float0.07%
Days to Cover4.00
Stock Repurchased$0.00

Current Valuation

EV23.20B
EV/EBITDA18.56
EV/Sales5.54
P/B4.32
P/S5.66
FCF Yield0.97%
ROE35.19%
ROA12.22%
Current Ratio34.11

Estimates

P/E12.28
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgNov '22Nov '23Nov '24Nov '25Oct '26
PRICE-BASED RATIOS
Price / Earnings62.00-6.22-6.62-29.92337.6515.10
Price / Sales12.623.264.116.6726.6822.40
Price / Book Value4.401.682.575.677.624.45
Price / Free Cash Flow215.53-16.08-60.0853.27994.19106.34
ENTERPRISE VALUE METRICS
Enterprise Value18,650.77,291.811,083.121,094.129,879.223,905.3
Enterprise Value / Sales15.505.406.989.0834.0921.94
Enterprise Value / EBITDA-1,860.07-12.10-16.50-9,459.24123.7363.75
Enterprise Value / EBIT20.68-11.13-13.75-123.16168.3483.10

Financials

Full Financials
Millions USD5Yr CAGR (%)Jun '22Jun '23Jun '24Jun '25Jun '26
INCOME STATEMENT
Revenue-3.9%1,349.31,588.02,323.03,224.41,149.9
Gross Income—772.8714.81,477.92,176.8-
EBITDA—-602.4-671.6-2.2712.0417.0
EBIT—-655.1-806.2-171.3486.9-
Net Income—-707.4-985.3-517.852.21,929.8
EPS (Diluted)—-2.51-3.34-1.670.155.53
BALANCE SHEET
Cash & ST Inv-2.2%2,850.52,066.72,144.72,225.92,602.7
Total Assets22.7%6,973.88,155.69,519.611,154.915,790.1
Total Liabilities24%4,355.55,621.46,787.68,085.910,306.3
Total Shareholder Equity20.3%2,618.32,534.22,732.03,069.05,483.8
CASH FLOW
Net Operating Cash Flow—-162.212.2450.1793.91,231.0
Cap Ex20.9%-111.7-120.8-159.3-192.2-238.3
Free Cash Flow—-273.9-108.6290.8601.7992.6

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)70.08
Basic Shares334.90
Market Cap23,469.7
Diluted Shares348.85
Fully Diluted Shares Outstanding348.85
Fully Diluted Market Cap24,447.2
+Consolidated Debt1,129.6
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-1,630.0
−Short-term Investments-972.6
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value22,969.2

Segment data

Revenue

by Products and services

  • Interest Income48%
  • Merchant Network Revenue27%
  • Gain On Sales Of Loans14%
  • Card Network Revenue7%
  • Servicing Income4%

Revenue

by Geography

  • United States97%
  • Canada3%
  • Other Geographical0%

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