Affirm Holdings, Inc.
AFRMUSAffirm 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.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Fintech
- Sub-sector
- Banking & Lending Technology
- Listing
- AFRM
- Country
- US
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 32% | 29% | 46% | 33% | 28% | 25% |
| Revenue | $1.12B | $1.48B | $1.91B | $2.80B | $3.72B | $4.74B | $5.94B |
| Gross Profit | $653M | $721M | $1.05B | $1.88B | $2.52B | — | — |
| Gross Profit Margin | 58.1% | 48.7% | 54.6% | 67.1% | 67.7% | — | — |
| EBITDA | ($809M) | ($656M) | ($322M) | $409M | $993M | ($1.02B) | ($1.28B) |
| EBITDA Margin | -72.0% | -44.3% | -16.8% | 14.6% | 26.7% | -21.5% | -21.5% |
| EBIT | ($721M) | ($1.15B) | ($935M) | ($371M) | $231M | ($1.29B) | ($1.62B) |
| Net Income | ($907M) | ($815M) | ($750M) | ($199M) | $282M | $534M | $768M |
| Free Cash Flow | ($270M) | ($203M) | $33M | $613M | $619M | — | — |
| FCF Margin | -24.0% | -13.7% | 1.7% | 21.9% | 16.7% | — | — |
| Short-Term Debt | $0M | $0M | $0M | $0M | $0M | — | — |
| Long-Term Debt | $4.00B | $5.03B | $6.20B | $7.46B | $9.14B | — | — |
| Cash & Cash Equivalents | $2.57B | $1.44B | $1.04B | $1.20B | $1.53B | — | — |
| Net Debt | $1.43B | $3.59B | $5.16B | $6.26B | $7.61B | — | — |
| Net Debt / EBITDA | — | — | — | 15.3x | 7.7x | — | — |
| Rule of 40 | — | 18.1% | 31.1% | 68.2% | 49.4% | — | — |