Affirm Holdings
AFRM
75.31
+0.43
+0.57%
Affirm Holdings
US · AFRM
#833 by market cap
Listed 2021
75.31
+0.43
+0.57%
Live - 5344 symbols - heartbeat 368s ago
· 2026-10-08 07:33
Pre-market
73.93
-1.84%
After-hours
75.31
0.00%
Overnight
74.70
-0.81%
- Market cap
- 25.41B
- P/E (TTM)i
- 13.62
- P/Bi
- 4.63
- EPSi
- 5.53
- Div yieldi
- 0.00%
- 52W posi
- 69%
Reader sentiment
Are you bullish or bearish on AFRM?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.78, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +32.15% YoY
Margins
- Gross margin
- 68.07%
- Operating margin
- 20.44%
- Net margin
- 45.29%
Key ratios & quality
- Altman Z-Scorei
- 2.78
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 264.37M | 509.53M | 870.46M | 1.35B | 1.59B | 2.32B | 3.22B | 4.26B |
| Gross profit | 155.63M | 337.32M | 547.55M | 772.84M | 714.82M | 1.48B | 2.18B | 2.90B |
| Selling & admin expenses | 105.77M | 146.27M | 565.94M | 1.11B | 1.22B | 1.10B | 979.90M | 920.84M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -101.55M | -75.47M | -330.97M | -796.35M | -981.98M | -264.83M | 337.99M | 870.99M |
| Pretax profit | -120.42M | -112.22M | -443.37M | -724.83M | -989.25M | -515.53M | 61.46M | 492.73M |
| Tax | 36.00K | 376.00K | -2.34M | -17.41M | -3.90M | 2.23M | 9.28M | -1.44B |
| Net profit | -120.46M | -112.60M | -441.03M | -707.42M | -985.35M | -517.76M | 52.19M | 1.93B |
| Basic EPS | -1 | -1 | -3 | -3 | -3 | -2 | 0 | 6 |
| Diluted EPS | -0.65 | -0.61 | -2.94 | -2.51 | -3.34 | -1.67 | 0.15 | 5.53 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 783.14M | 876.42M | 933.34M | 1.12B | 1.04B | 1.17B |
| Gross profit | 512.12M | 593.47M | 631.42M | 779.57M | 684.86M | 804.50M |
| Selling & admin expenses | 208.33M | 212.41M | 223.43M | 240.01M | 218.16M | 239.25M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 99.25M | 163.98M | 173.69M | 229.34M | 202.19M | 265.77M |
| Pretax profit | 5.35M | 71.58M | 83.02M | 133.24M | 107.38M | 169.09M |
| Tax | 2.54M | 2.34M | 2.33M | 3.65M | 4.48M | -1.45B |
| Net profit | 2.80M | 69.24M | 80.69M | 129.59M | 102.90M | 1.62B |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 5 |
| Diluted EPS | 0.01 | 0.20 | 0.23 | 0.37 | 0.30 | 4.62 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.08B | 1.34B | 3.88B | 5.68B | 6.90B | 8.21B | 9.75B | 12.77B |
| Cash & ST investments | 320.45M | 267.06M | 1.48B | 2.85B | 2.07B | 2.14B | 2.23B | 2.60B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 1.15B | 1.40B | 4.87B | 6.97B | 8.16B | 9.52B | 11.15B | 15.79B |
| Total current liabilities | 19.76M | 36.31M | 108.18M | 107.07M | 92.80M | 124.96M | 180.10M | 231.96M |
| Short-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Long-term debt | 585.95M | 917.15M | 1.91B | 4.08B | 5.40B | 6.57B | 7.82B | 9.99B |
| Total liabilities | 1,411,919,000.00 | 1,769,347,000.00 | 2,291,440,000.00 | 4,355,537,000.00 | 5,621,432,000.00 | 6,787,630,000.00 | 8,085,920,000.00 | 10,306,324,000.00 |
| Total equity | -263.41M | -367.10M | 2.58B | 2.62B | 2.53B | 2.73B | 3.07B | 5.48B |
| Retained earnings | -318.24M | -447.17M | -898.49M | -1.61B | -2.59B | -3.11B | -3.06B | -1.13B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 9.08B | 9.75B | 10.08B | 11.47B | 11.63B | 12.77B |
| Cash & ST investments | 2.13B | 2.23B | 2.24B | 2.25B | 2.48B | 2.60B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 10.44B | 11.15B | 11.48B | 12.96B | 13.14B | 15.79B |
| Total current liabilities | 143.93M | 180.10M | 159.34M | 171.41M | 205.12M | 231.96M |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | 7.32B | 7.82B | 7.93B | 9.14B | 9.05B | 9.99B |
| Total liabilities | 7,561,271,000.00 | 8,085,920,000.00 | 8,179,682,000.00 | 9,410,038,000.00 | 9,358,170,000.00 | 10,306,324,000.00 |
| Total equity | 2.87B | 3.07B | 3.30B | 3.55B | 3.78B | 5.48B |
| Retained earnings | -3.13B | -3.06B | -2.98B | -2.85B | -2.74B | -1.13B |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -87.65M | -71.30M | -193.13M | -162.19M | 12.18M | 450.14M | 793.91M | 1.23B |
| Depreciation & amortization | 5.27M | 9.44M | 19.98M | 52.72M | 134.63M | 169.04M | 225.08M | 303.33M |
| Free cash flow | -108.90M | -92.32M | -213.38M | -273.90M | -108.59M | 290.84M | 601.72M | 992.63M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -2.63M | -18.85M | 1.30B | -86.00K | -109.00K | 0 | -250.00M | 0 |
| Ending cash balance | 357.77M | 328.13M | 1.69B | 1.55B | 1.26B | 1.30B | 1.76B | 2.43B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 210.39M | 74.64M | 374.57M | 173.74M | 386.50M | 296.16M |
| Depreciation & amortization | 59.47M | 64.00M | 65.33M | 75.59M | 75.06M | 87.35M |
| Free cash flow | 157.38M | 23.52M | 320.21M | 118.03M | 325.10M | 229.29M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | -- | -- | 0 | 0 |
| Ending cash balance | 1.74B | 1.76B | 2.10B | 2.09B | 2.47B | 2.43B |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -38.93 | -27.21 | -38.25 | -19.66 | 1.80 | 45.13 |
| ROA %i | -11.72 | -9.80 | -13.75 | -11.95 | -13.03 | -5.86 | 0.50 | 14.32 |
| ROIC %i | -- | -- | -14.80 | -11.29 | -10.89 | -3.02 | 4.09 | 16.67 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -24.66 | -7.65 |
| EBIT margin %i | -35.75 | -15.68 | -43.72 | -48.55 | -50.77 | -7.37 | 15.10 | 22.22 |
| FCF / sales %i | -- | -- | -- | -- | -- | 12.52 | 18.66 | 23.30 |
| Current ratioi | 54.70 | 36.91 | 35.83 | 53.02 | 74.34 | 65.70 | 54.16 | 55.07 |
| Quick ratioi | 52.41 | 34.93 | 32.40 | 49.88 | 69.84 | 63.04 | 51.53 | 51.24 |
| Debt / assetsi | 51.02 | 65.41 | 40.73 | 59.42 | 66.84 | 69.48 | 70.40 | 63.48 |
| LT debt / equityi | -- | -- | 76.97 | 158.27 | 215.10 | 242.11 | 255.89 | 182.77 |
| Interest coveragei | -3.65 | -2.47 | -7.22 | -9.40 | -4.41 | -0.50 | 1.14 | 2.09 |
| Revenue CAGR (3Y) %i | -- | -- | -- | 72.17 | 46.07 | 38.71 | 33.69 | 38.96 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -2.26 | 1.80 | 7.60 | 8.92 | 11.49 | 45.13 |
| ROA %i | -0.63 | 0.50 | 2.16 | 2.41 | 3.24 | 14.32 |
| ROIC %i | 2.56 | 4.09 | 6.10 | 6.10 | 7.01 | 16.67 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 11.99 | 15.10 | 19.49 | 19.60 | 21.07 | 22.22 |
| FCF / sales %i | 20.24 | 18.66 | 22.24 | 16.66 | 19.81 | 23.30 |
| Current ratioi | 63.09 | 54.16 | 63.27 | 66.90 | 56.71 | 55.07 |
| Quick ratioi | 59.88 | 51.53 | 58.58 | 63.09 | 52.52 | 51.24 |
| Debt / assetsi | 70.51 | 70.40 | 69.33 | 70.86 | 69.18 | 63.48 |
| LT debt / equityi | 255.95 | 255.89 | 241.24 | 258.87 | 240.28 | 182.77 |
| Interest coveragei | 0.87 | 1.14 | 1.56 | 1.67 | 1.90 | 2.09 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Region
United States96.50%
Canada3.35%
Other0.15%
Quote time 2026-10-08 07:33:52 · For reference only, not investment advice and not tailored to your situation.