Market Summary
USD23.10-0.65
Market Closed-2.74%
AFRM Alerts
AFRM Stock Price
AFRM RSI Chart
AFRM Valuation
AFRM Price/Sales (Trailing)
AFRM Profitability
AFRM Fundamentals
AFRM Revenue
AFRM Earnings
Price Action
52 Week Range
8.6225.63
(Low)(High)
Last 7 days
-1.1%
Last 30 days
57.7%
Last 90 days
55.1%
Trailing 12 Months
4.3%
AFRM Financial Health
AFRM Investor Care
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Net sales
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Latest Insider Trading transactions for AFRM
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-01 | Michalek Libor | sold (taxes) | -17,662 | 21.86 | -808 | president |
2023-09-01 | Michalek Libor | acquired | - | - | 2,336 | president |
2023-09-01 | Adkins Katherine | sold (taxes) | -67,044 | 21.86 | -3,067 | chief legal officer |
2023-09-01 | Adkins Katherine | acquired | - | - | 6,783 | chief legal officer |
2023-09-01 | Linford Michael | sold (taxes) | -14,689 | 21.86 | -672 | chief financial officer |
2023-09-01 | Linford Michael | acquired | - | - | 2,336 | chief financial officer |
2023-09-01 | Jiyane Siphelele | sold (taxes) | -65,142 | 21.86 | -2,980 | vice president, controller |
2023-09-01 | Jiyane Siphelele | acquired | - | - | 7,412 | vice president, controller |
2023-08-01 | Linford Michael | sold (taxes) | -13,177 | 19.61 | -672 | chief financial officer |
2023-08-01 | Michalek Libor | sold (taxes) | -15,844 | 19.61 | -808 | president |
Which funds bought or sold AFRM recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-13 | CGC Financial Services, LLC | new | - | 767 | 767 | -% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 272 | 1,027 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | sold off | -100 | -1,195 | - | -% |
2023-08-23 | WOLVERINE TRADING, LLC | reduced | -21.85 | 68,046 | 512,046 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 104 | 424,865 | 663,789 | 0.01% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 660,000 | 2,491,000 | 0.02% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -2.75 | 343,219 | 1,408,040 | -% |
2023-08-21 | VitalStone Financial, LLC | reduced | -33.99 | -16,000 | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -8.24 | 755,817 | 3,801,200 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -6.09 | 1,978,560 | 9,109,560 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
AFRM Alerts
Schedule 13G FIlings of Affirm Holdings
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jun 08, 2023 | morgan stanley | 10.8% | 25,516,934 | SC 13G/A | |
| Feb 13, 2023 | capital research global investors | 11.2% | 25,657,975 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 8.17% | 18,794,360 | SC 13G/A | |
| Feb 08, 2023 | morgan stanley | 7.3% | 16,743,222 | SC 13G | |
| Jan 20, 2023 | baillie gifford & co | 9.87% | 22,703,709 | SC 13G/A | |
| May 03, 2022 | gic private ltd | 11.64% | 27,329,314 | SC 13G/A | |
| Mar 10, 2022 | capital research global investors | 10.6% | 23,800,270 | SC 13G/A | |
| Feb 11, 2022 | gic private ltd | 10.42% | 22,829,800 | SC 13G | |
| Feb 11, 2022 | capital research global investors | 9.3% | 19,364,986 | SC 13G | |
| Feb 09, 2022 | vanguard group inc | 7.02% | 14,615,334 | SC 13G |
Recent SEC filings of Affirm Holdings
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 15, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Aug 25, 2023 | 10-K | Annual Report | |
| Aug 25, 2023 | S-8 | Employee Benefits Plan | |
| Aug 24, 2023 | 8-K | Current Report |
Affirm Holdings News
Returns for AFRM
Cumulative Returns on AFRM
Risks for AFRM
What is the probability of a big loss on AFRM?
95.7%
Probability that Affirm Holdings stock will be more than 20% underwater in next one year
95.0%
Probability that Affirm Holdings stock will be more than 30% underwater in next one year.
92.9%
Probability that Affirm Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does AFRM drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Affirm Holdings was unfortunately bought at previous high price.
Drawdowns
Financials for Affirm Holdings
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q2 |
| Revenue | 5.4% | 1,587,985,000 | 1,506,294,000 | 1,480,078,000 | 1,441,531,000 | 1,349,292,000 | 1,246,938,000 | 1,122,841,000 | 965,871,000 | 870,464,000 | 762,016,000 | 669,624,000 | 595,559,000 | 509,528,000 | 536,498,000 | 519,904,000 | 264,367,000 |
| S&GA Expenses | -3.6% | 638,280,000 | 661,842,000 | 677,114,000 | 632,256,000 | 532,343,000 | 425,962,000 | 327,932,000 | 223,568,000 | 182,190,000 | 124,944,000 | 73,868,000 | 42,407,000 | 25,044,000 | 29,518,000 | 30,604,000 | 16,863,000 |
| EBITDA | 100.0% | - | -738,591,000 | -656,221,000 | -528,766,000 | -602,415,000 | -566,577,000 | -768,634,000 | -654,907,000 | -360,587,000 | -183,694,000 | -30,597,000 | -39,338,666 | -70,462,000 | -188,610,000 | -81,856,000 | -89,258,000 |
| EBITDA Margin | 100.0% | - | -0.49 | -0.44 | -0.37 | -0.45 | -0.45 | -0.68 | -0.68 | -0.41 | -0.24 | -0.05 | -0.07 | -0.14 | -0.35 | -0.16 | -0.34 |
| Interest Expenses | 31.3% | 183,013,000 | 139,422,000 | 104,058,000 | 78,007,000 | 69,694,000 | 65,900,000 | 64,741,000 | 59,101,000 | 52,700,000 | 44,894,000 | 38,433,000 | 34,540,000 | 32,316,000 | 32,742,000 | 32,668,000 | 25,895,000 |
| Earnings Before Taxes | -0.3% | -989,245,000 | -986,483,000 | -834,382,000 | -669,836,000 | -724,831,000 | -646,183,000 | -878,892,000 | -745,965,000 | -443,370,000 | -282,595,000 | -81,001,000 | -85,372,000 | -112,222,000 | -232,860,000 | -123,612,000 | -120,419,000 |
| EBT Margin | 100.0% | - | -0.65 | -0.56 | -0.46 | -0.54 | -0.54 | -0.77 | -0.77 | -0.50 | -0.32 | -0.12 | -0.14 | -0.22 | -0.43 | -0.24 | -0.46 |
| Net Income | -2.0% | -985,345,000 | -965,779,000 | -814,773,000 | -652,071,000 | -707,417,000 | -644,441,000 | -876,821,000 | -743,696,000 | -441,027,000 | -282,794,000 | -81,363,000 | -85,749,000 | -112,598,000 | -196,548,000 | -123,582,000 | -120,455,000 |
| Net Income Margin | 100.0% | - | -0.64 | -0.55 | -0.45 | -0.52 | -0.52 | -0.75 | -0.73 | -0.51 | -0.32 | -0.12 | -0.14 | -0.22 | -0.37 | -0.24 | -0.46 |
| Free Cashflow | 100.0% | - | -213,670,000 | -177,955,000 | -577,223,000 | -248,484,000 | -190,090,000 | -269,623,000 | 141,894,000 | -213,382,000 | -216,393,000 | -101,196,000 | -67,529,333 | -92,321,000 | -53,648,000 | -96,294,000 | -107,055,000 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q2 |
| Assets | 8.6% | 8,156 | 7,508 | 7,805 | 7,165 | 6,974 | 7,032 | 6,952 | 5,402 | 4,867 | 4,766 | 2,708 | 1,402 |
| Cash Equivalents | -8.3% | 892 | 972 | 1,440 | 1,530 | 1,255 | 2,262 | 2,567 | 1,440 | 1,467 | 1,624 | 637 | 328 |
| Net PPE | 4.7% | 290 | 277 | 249 | 208 | 171 | 142 | 114 | 85.00 | 62.00 | 53.00 | 49.00 | 48.00 |
| Goodwill | 1.0% | 543 | 537 | 528 | 525 | 540 | 547 | 541 | 541 | 517 | - | 257 | 1.00 |
| Liabilities | 12.5% | 5,621 | 4,997 | 5,295 | 4,602 | 4,356 | 4,456 | 4,484 | 3,025 | 2,291 | 2,362 | 1,730 | 965 |
| Shareholder's Equity | 0.9% | 2,534 | 2,511 | 2,510 | 2,563 | 2,618 | 2,576 | 2,468 | 2,377 | 2,576 | 2,406 | - | -367 |
| Retained Earnings | -8.6% | -2,591 | -2,385 | -2,179 | -1,857 | -1,605 | -1,419 | -1,364 | -1,205 | -898 | -734 | -494 | -447 |
| Additional Paid-In Capital | 4.5% | 5,141 | 4,919 | 4,716 | 4,455 | 4,231 | 3,988 | 3,829 | 3,580 | 3,467 | 3,134 | 142 | 80.00 |
| Shares Outstanding | -100.0% | - | 297 | 294 | 291 | - | 286 | 282 | 272 | - | 233 | 71.00 | 48.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q2 |
| Cashflow From Operations | 113.4% | 12.00 | -90.72 | -64.42 | -476 | -162 | -123 | -218 | 174 | -193 | -201 | -86.62 | -51.95 | -71.30 | -32.84 | -69.29 | -87.65 |
| Share Based Compensation | -1.6% | 452 | 459 | 451 | 418 | 391 | 380 | 462 | 379 | 293 | 197 | 26.00 | 25.00 | 30.00 | 31.00 | 34.00 | 34.00 |
| Cashflow From Investing | 13.1% | -1,653 | -1,901 | -1,766 | -1,264 | -2,011 | -901 | -934 | -1,293 | -1,022 | -1,127 | -886 | -450 | -253 | 162 | -545 | -353 |
| Cashflow From Financing | 89.7% | 1,350 | 712 | 896 | 1,993 | 2,037 | 1,890 | 3,323 | 2,004 | 2,578 | 2,875 | 1,356 | 1,211 | 295 | -121 | 409 | 562 |
| Buy Backs | -1.8% | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 19.00 | 19.00 | 25.00 | 37.00 | 3.00 |
AFRM Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
| Revenue | |||
| Revenue | $ 626,938 | $ 559,207 | $ 429,402 |
| Interest income | 685,217 | 527,880 | 326,417 |
| Gain on sales of loans | 188,341 | 196,435 | 89,926 |
| Servicing income | 87,489 | 65,770 | 24,719 |
| Total revenue, net | 1,587,985 | 1,349,292 | 870,464 |
| Operating expenses | |||
| Loss on loan purchase commitment | 140,265 | 204,081 | 246,700 |
| Provision for credit losses | 331,860 | 255,272 | 65,878 |
| Funding costs | 183,013 | 69,694 | 52,700 |
| Processing and servicing | 257,343 | 157,814 | 73,578 |
| Technology and data analytics | 615,818 | 418,643 | 249,336 |
| Sales and marketing | 638,280 | 532,343 | 182,190 |
| General and administrative | 586,398 | 577,493 | 383,749 |
| Restructuring and other | 35,870 | 0 | 0 |
| Total operating expenses | 2,788,847 | 2,215,340 | 1,254,131 |
| Operating loss | (1,200,862) | (866,048) | (383,667) |
| Other (expense) income, net | 211,617 | 141,217 | (59,703) |
| Loss before income taxes | (989,245) | (724,831) | (443,370) |
| Income tax benefit | (3,900) | (17,414) | (2,343) |
| Net loss | (985,345) | (707,417) | (441,027) |
| Other comprehensive income (loss) | |||
| Foreign currency translation adjustments | (8,143) | (5,900) | 7,046 |
| Unrealized gain (loss) on securities available for sale, net | (882) | (8,022) | 29 |
| Unrealized gain on cash flow hedges | 751 | 0 | 0 |
| Net other comprehensive income (loss) | (8,274) | (13,922) | 7,075 |
| Comprehensive loss | $ (993,619) | $ (721,339) | $ (433,952) |
| Net loss per share attributable to common stockholders for Class A and Class B | |||
| Basic (in USD per share) | $ (3.34) | $ (2.51) | $ (2.78) |
| Diluted (in USD per share) | $ (3.34) | $ (2.51) | $ (2.94) |
| Denominator: | |||
| Basic (in shares) | 295,343,466 | 281,704,041 | 158,367,923 |
| Diluted (in shares) | 295,343,466 | 281,704,041 | 159,244,611 |
| Merchant network revenue | |||
| Revenue | |||
| Revenue | $ 507,600 | $ 458,511 | $ 379,551 |
| Card network revenue | |||
| Revenue | |||
| Revenue | $ 119,338 | $ 100,696 | $ 49,851 |
AFRM Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 892,027 | $ 1,255,171 |
| Restricted cash | 367,917 | 295,636 |
| Securities available for sale at fair value | 1,174,653 | 1,595,373 |
| Loans held for sale | 76 | 2,670 |
| Loans held for investment | 4,402,962 | 2,503,561 |
| Allowance for credit losses | (204,531) | (155,392) |
| Loans held for investment, net | 4,198,431 | 2,348,169 |
| Accounts receivable, net | 199,085 | 142,052 |
| Property, equipment and software, net | 290,135 | 171,482 |
| Goodwill | 542,571 | 539,534 |
| Intangible assets | 34,434 | 78,942 |
| Commercial agreement assets | 177,672 | 263,196 |
| Other assets | 278,614 | 281,567 |
| Total assets | 8,155,615 | 6,973,792 |
| Liabilities: | ||
| Accounts payable | 28,602 | 33,072 |
| Payable to third-party loan owners | 53,852 | 71,383 |
| Accrued interest payable | 13,498 | 6,659 |
| Accrued expenses and other liabilities | 180,883 | 237,598 |
| Convertible senior notes, net | 1,414,208 | 1,706,668 |
| Notes issued by securitization trusts | 2,165,577 | 1,627,580 |
| Funding debt | 1,764,812 | 672,577 |
| Total liabilities | 5,621,432 | 4,355,537 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ equity: | ||
| Additional paid in capital | 5,140,850 | 4,231,303 |
| Accumulated deficit | (2,591,247) | (1,605,902) |
| Accumulated other comprehensive loss | (15,423) | (7,149) |
| Total stockholders’ equity | 2,534,183 | 2,618,255 |
| Total liabilities and stockholders’ equity | 8,155,615 | 6,973,792 |
| Class A common stock | ||
| Stockholders’ equity: | ||
| Common stock | 2 | 2 |
| Class B common stock | ||
| Stockholders’ equity: | ||
| Common stock | $ 1 | $ 1 |
Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months. As of June 30, 2021, the company had approximately 29,000 merchants integrated on its platform covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies. Its merchants represent a range of industries, including sporting goods and outdoors, furniture and homewares, travel, apparel, accessories, consumer electronics, and jewelry. The company was founded in 2012 and is headquartered in San Francisco, California.