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Affirm Holdings, Inc. Stock Research

AFRM

23.10USD-0.65(-2.74%)Market Closed
Watchlist

Market Summary

USD23.10-0.65
Market Closed
-2.74%

AFRM Alerts

  • Losses in recent quarter

AFRM Stock Price

AFRM RSI Chart

AFRM Valuation

Market Cap

6.9B

Price/Earnings (Trailing)

-6.97

Price/Sales (Trailing)

4.32

EV/EBITDA

-8.89

Price/Free Cashflow

-63.22

AFRM Price/Sales (Trailing)

AFRM Profitability

EBT Margin

-65.49%

Return on Equity

-38.46%

Return on Assets

-12.86%

Free Cashflow Yield

-1.58%

AFRM Fundamentals

AFRM Revenue

Revenue (TTM)

1.6B

Revenue Y/Y

22.43%

Revenue Q/Q

17.02%

AFRM Earnings

Earnings (TTM)

-985.3M

Earnings Y/Y

-10.5%

Earnings Q/Q

-0.14%

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

Shares Dilution (1Y)

4.05%

Diluted EPS (TTM)

-3.34

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for AFRM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold AFRM recently?

View All Details
Datesorted ascendingFund NameType% 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
-%

1–10 of 35

Latest Funds Activity

Are funds buying AFRM calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own AFRM
No. of Funds

Schedule 13G FIlings of Affirm Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

InvestorsObserver
Affirm Holdings Inc (AFRM) Stock: What Does the Chart Say Wednesday?.
InvestorsObserver,
14 hours ago
Robots.net
What Are Fintech Stocks.
Robots.net,
39 hours ago
Barron's

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/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q2
Revenue5.4%1,587,985,0001,506,294,0001,480,078,0001,441,531,0001,349,292,0001,246,938,0001,122,841,000965,871,000870,464,000762,016,000669,624,000595,559,000509,528,000536,498,000519,904,000264,367,000
  S&GA Expenses-3.6%638,280,000661,842,000677,114,000632,256,000532,343,000425,962,000327,932,000223,568,000182,190,000124,944,00073,868,00042,407,00025,044,00029,518,00030,604,00016,863,000
EBITDA100.0%--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 Margin100.0%--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 Expenses31.3%183,013,000139,422,000104,058,00078,007,00069,694,00065,900,00064,741,00059,101,00052,700,00044,894,00038,433,00034,540,00032,316,00032,742,00032,668,00025,895,000
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 Margin100.0%--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 Margin100.0%--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 Cashflow100.0%--213,670,000-177,955,000-577,223,000-248,484,000-190,090,000-269,623,000141,894,000-213,382,000-216,393,000-101,196,000-67,529,333-92,321,000-53,648,000-96,294,000-107,055,000
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q2
Assets8.6%8,1567,5087,8057,1656,9747,0326,9525,4024,8674,7662,7081,402
    Cash Equivalents-8.3%8929721,4401,5301,2552,2622,5671,4401,4671,624637328
  Net PPE4.7%29027724920817114211485.0062.0053.0049.0048.00
  Goodwill1.0%543537528525540547541541517-2571.00
Liabilities12.5%5,6214,9975,2954,6024,3564,4564,4843,0252,2912,3621,730965
Shareholder's Equity0.9%2,5342,5112,5102,5632,6182,5762,4682,3772,5762,406--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 Capital4.5%5,1414,9194,7164,4554,2313,9883,8293,5803,4673,13414280.00
Shares Outstanding-100.0%-297294291-286282272-23371.0048.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q2
Cashflow From Operations113.4%12.00-90.72-64.42-476-162-123-218174-193-201-86.62-51.95-71.30-32.84-69.29-87.65
  Share Based Compensation-1.6%45245945141839138046237929319726.0025.0030.0031.0034.0034.00
Cashflow From Investing13.1%-1,653-1,901-1,766-1,264-2,011-901-934-1,293-1,022-1,127-886-450-253162-545-353
Cashflow From Financing89.7%1,3507128961,9932,0371,8903,3232,0042,5782,8751,3561,211295-121409562
  Buy Backs-1.8%0.000.000.000.000.000.000.000.001.001.001.0019.0019.0025.0037.003.00

AFRM Income Statement

2023-06-30
CONSOLIDATED 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 income685,217527,880326,417
Gain on sales of loans188,341196,43589,926
Servicing income87,48965,77024,719
Total revenue, net1,587,9851,349,292870,464
Operating expenses   
Loss on loan purchase commitment140,265204,081246,700
Provision for credit losses331,860255,27265,878
Funding costs183,01369,69452,700
Processing and servicing257,343157,81473,578
Technology and data analytics615,818418,643249,336
Sales and marketing638,280532,343182,190
General and administrative586,398577,493383,749
Restructuring and other35,87000
Total operating expenses2,788,8472,215,3401,254,131
Operating loss(1,200,862)(866,048)(383,667)
Other (expense) income, net211,617141,217(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 hedges75100
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)295,343,466281,704,041158,367,923
Diluted (in shares)295,343,466281,704,041159,244,611
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

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Assets  
Cash and cash equivalents$ 892,027$ 1,255,171
Restricted cash367,917295,636
Securities available for sale at fair value1,174,6531,595,373
Loans held for sale762,670
Loans held for investment4,402,9622,503,561
Allowance for credit losses(204,531)(155,392)
Loans held for investment, net4,198,4312,348,169
Accounts receivable, net199,085142,052
Property, equipment and software, net290,135171,482
Goodwill542,571539,534
Intangible assets34,43478,942
Commercial agreement assets177,672263,196
Other assets278,614281,567
Total assets8,155,6156,973,792
Liabilities:  
Accounts payable28,60233,072
Payable to third-party loan owners53,85271,383
Accrued interest payable13,4986,659
Accrued expenses and other liabilities180,883237,598
Convertible senior notes, net1,414,2081,706,668
Notes issued by securitization trusts2,165,5771,627,580
Funding debt1,764,812672,577
Total liabilities5,621,4324,355,537
Commitments and contingencies (Note 8)
Stockholders’ equity:  
Additional paid in capital5,140,8504,231,303
Accumulated deficit(2,591,247)(1,605,902)
Accumulated other comprehensive loss(15,423)(7,149)
Total stockholders’ equity2,534,1832,618,255
Total liabilities and stockholders’ equity8,155,6156,973,792
Class A common stock  
Stockholders’ equity:  
Common stock22
Class B common stock  
Stockholders’ equity:  
Common stock$ 1$ 1
Max R. Levchin
1640
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.