Affirm Holdings, Inc. AFRM

Financials SIC 6141 - Personal Credit Institutions NAICS Finance and Insurance › Credit Intermediation and Related Activities › Nondepository Credit Intermediation › Other Nondepository Credit Intermediation › Consumer Lending derived Nasdaq

Affirm was founded in 2012 with a mission to deliver honest financial products that improve lives. We are building the next generation payment network. We believe that by using modern technology, strong engineering talent, and a mission-driven approach, we can reinvent payments and commerce. Our solutions, which are built on trust and transparency, are designed to make it easier for consumers to spend and save responsibly and with confidence, easier for merchants and commerce platforms to convert sales and grow, and easier for commerce to thrive.

Our company is predicated on the principles of simplicity, transparency, and putting people first. Since our founding, we have charged $0 in late fees for missed payments. We do not profit from consumers' mistakes, and we are transparent in our product offerings. By adhering to these principles, we have built enduring, trust-based relationships with consumers and merchants.

Last close 70.08 2026-10-23
Market cap $23.49B estimated share count
52-week range 42.09 - 90.44

Valuation FY2026 figures against the last close

P/S16.3x
P/E12.7x
P/FCF23.7x
EV/EBITDA43.9x
Dividend yield—
Diluted EPS5.53

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $1.44B$1.11B$826.0M$626.9M$559.2M$429.4M$276.1M$140.3M—
SG&A $578.3M$545.1M$525.3M$586.4M$577.5M$383.7M$121.2M$88.9M—
Total operating expenses $3.84B$3.31B$2.94B$2.79B$2.22B$1.25B$617.3M$391.8M—
Operating income $417.0M-$87.3M-$615.8M-$1.20B-$866.0M-$383.7M-$107.8M-$127.4M—
Pre-tax income $492.7M$61.5M-$515.5M-$989.2M-$724.8M-$443.4M-$112.2M-$120.4M—
Income tax $1.44B$9.3M$2.2M$3.9M$17.4M$2.3M$376.0K$36.0K—
Net income $1.93B$52.2M-$517.8M-$985.3M-$707.4M-$441.0M-$112.6M-$120.5M—
EPS, basic 5.760.16-1.67-3.34-2.51-2.78-2.63-2.84—
EPS, diluted 5.530.15-1.67-3.34-2.51-2.94-2.63-2.84—
Shares, diluted (wtd. avg.) 348.8M341.0M309.9M295.3M281.7M159.2M47.9M47.3M—

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $1.63B$1.35B$1.01B$1.26B$1.55B$1.69B$328.1M$357.8M$237.5M
Property, plant and equipment $685.8M$572.6M$427.7M$290.1M$171.5M$62.5M$48.1M——
Goodwill $524.5M$534.2M$533.4M$542.6M$539.5M$516.5M$1.3M$1.3M—
Other intangibles $26.4M$12.9M$13.5M$34.4M$78.9M$67.9M$2.5M——
Total assets $15.79B$11.15B$9.52B$8.16B$6.97B$4.87B$1.40B——
Long-term debt $9.79B$7.61B$1.84B——————
Total liabilities $10.31B$8.09B$6.79B$5.62B$4.36B$2.29B$965.2M——
Retained earnings -$1.13B-$3.06B-$3.11B-$2.59B-$1.61B-$898.5M-$447.2M——
Total equity $5.48B$3.07B$2.73B$2.53B$2.62B$2.58B-$367.1M-$263.4M-$169.3M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $1.23B$793.9M$450.1M$12.2M-$162.2M-$193.1M-$71.3M-$87.6M—
Depreciation and amortisation $303.3M$225.1M$169.0M$134.6M$52.7M$20.0M$9.4M$5.3M—
Stock-based compensation $304.7M$321.4M$344.5M$451.7M$391.0M$292.5M$29.6M$33.7M—
Capital expenditure $238.3M$192.2M$159.3M$120.8M$86.3M$20.3M$21.0M$19.4M—
Investing cash flow -$2.55B-$1.08B-$1.33B-$1.65B-$2.01B-$1.02B-$253.1M-$353.7M—
Financing cash flow $2.01B$751.4M$913.1M$1.35B$2.04B$2.58B$294.7M$561.6M—
Buybacks $0$250.0M$0$109.0K$86.0K$800.0K$18.9M$2.6M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-059279.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B Revenue, FY2019: 140.3M Net income, FY2019: -120.5M Revenue, FY2020: 276.1M Net income, FY2020: -112.6M Revenue, FY2021: 429.4M Net income, FY2021: -441M Revenue, FY2022: 559.2M Net income, FY2022: -707.4M Revenue, FY2023: 626.9M Net income, FY2023: -985.3M Revenue, FY2024: 826M Net income, FY2024: -517.8M Revenue, FY2025: 1.1B Net income, FY2025: 52.2M Revenue, FY2026: 1.4B Net income, FY2026: 1.9B FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue — $140.3M $276.1M $429.4M $559.2M $626.9M $826.0M $1.11B $1.44B
Gross profit — — — — — — — — —
Net income — -$120.5M -$112.6M -$441.0M -$707.4M -$985.3M -$517.8M $52.2M $1.93B

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • Results announced Item 2.02
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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