← Back to Screener
US Stock Screener
HomeScreensNewsWatchlist
...

Affirm Holdings, Inc. (AFRM) 10-Year Financial Performance & Capital Metrics

AFRM • • Industrial / General
TechnologyInfrastructure SoftwarePayment Processing & Digital CommerceDigital Commerce & BNPL Platforms
AboutAffirm 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.Show more
  • Revenue $3.22B +38.8%
  • EBITDA $138M +130.8%
  • Net Income $52M +110.1%
  • EPS (Diluted) 0.15 +109.0%
  • Gross Margin 67.51% +6.1%
  • EBITDA Margin 4.27% +122.2%
  • Operating Margin -2.71% +89.8%
  • Net Margin 1.62% +107.3%
  • ROE 1.8% +109.1%
  • ROIC -0.73% +87.8%
  • Debt/Equity 2.56 +5.7%
  • Interest Coverage -0.21 +88.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FCF machine: 18.7% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 44.6%

✗Weaknesses

  • ✗High debt to equity ratio of 2.6x
  • ✗Shares diluted 10.1% in last year
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-
5Y44.63%
3Y33.69%
TTM37%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM152.24%

EPS CAGR

10Y-
5Y-
3Y-
TTM147.05%

ROCE

10Y Avg-9.87%
5Y Avg-10.29%
3Y Avg-8%
Latest-0.86%

Peer Comparison

Digital Commerce & BNPL Platforms
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KLARKlarna Group plc10.82B28.694282.0921.17%-9.4%-10.65%5.01%0.35
AFRMAffirm Holdings, Inc.20.78B71.81478.7338.8%6.74%7.07%2.9%2.56
GCTGigaCloud Technology Inc.1.2B41.5813.6364.96%10.62%28.39%11.83%1.20
KSPIJoint Stock Company Kaspi.kz15.06B78.950.0133.36%30.32%46.92%100%0.14
KPLTKatapult Holdings, Inc.32.67M6.92-1.1611.56%-9.98%
MOGOMogo Inc.29.01M1.22-2.189.18%10.86%9.71%1.05

Profit & Loss

Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Sales/Revenue+264.37M509.53M870.46M1.35B1.59B2.32B3.22B
Revenue Growth %-0.93%0.71%0.55%0.18%0.46%0.39%
Cost of Goods Sold+108.74M172.21M322.91M576.46M873.16M845.11M1.05B
COGS % of Revenue0.41%0.34%0.37%0.43%0.55%0.36%0.32%
Gross Profit+155.63M337.32M547.55M772.84M714.82M1.48B2.18B
Gross Margin %0.59%0.66%0.63%0.57%0.45%0.64%0.68%
Gross Profit Growth %-1.17%0.62%0.41%-0.08%1.07%0.47%
Operating Expenses+257.17M445.11M931.22M1.64B1.92B2.09B2.26B
OpEx % of Revenue0.97%0.87%1.07%1.21%1.21%0.9%0.7%
Selling, General & Admin105.77M146.27M565.94M1.11B1.22B1.1B979.9M
SG&A % of Revenue0.4%0.29%0.65%0.82%0.77%0.47%0.3%
Research & Development70.81M000000
R&D % of Revenue0.27%------
Other Operating Expenses151.41M298.83M365.28M529.05M691.01M992.04M1.28B
Operating Income+-101.55M-107.79M-383.67M-866.05M-1.2B-615.85M-87.27M
Operating Margin %-0.38%-0.21%-0.44%-0.64%-0.76%-0.27%-0.03%
Operating Income Growth %--0.06%-2.56%-1.26%-0.39%0.49%0.86%
EBITDA+-96.28M-98.35M-363.69M-813.33M-1.07B-446.8M137.8M
EBITDA Margin %-0.36%-0.19%-0.42%-0.6%-0.67%-0.19%0.04%
EBITDA Growth %--0.02%-2.7%-1.24%-0.31%0.58%1.31%
D&A (Non-Cash Add-back)5.27M9.44M19.98M52.72M134.63M169.04M225.08M
EBIT-94.52M-79.91M-390.67M-655.14M-806.23M-171.27M486.92M
Net Interest Income+-25.89M-32.32M-52.7M-69.69M-183.01M-344.25M-425.45M
Interest Income103.73M000000
Interest Expense3.7M32.32M52.7M69.69M183.01M344.25M425.45M
Other Income/Expense7.02M-4.43M-59.7M141.22M211.62M100.32M148.74M
Pretax Income+-120.42M-112.22M-443.37M-724.83M-989.25M-515.53M61.46M
Pretax Margin %-0.46%-0.22%-0.51%-0.54%-0.62%-0.22%0.02%
Income Tax+36K376K-2.34M-17.41M-3.9M2.23M9.28M
Effective Tax Rate %1%1%0.99%0.98%1%1%0.85%
Net Income+-120.45M-112.6M-441.03M-707.42M-985.35M-517.76M52.19M
Net Margin %-0.46%-0.22%-0.51%-0.52%-0.62%-0.22%0.02%
Net Income Growth %-0.07%-2.92%-0.6%-0.39%0.47%1.1%
Net Income (Continuing)-120.45M-112.6M-441.03M-707.42M-985.35M-517.76M52.19M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-0.47-0.44-1.64-2.51-3.34-1.670.15
EPS Growth %-0.06%-2.73%-0.53%-0.33%0.5%1.09%
EPS (Basic)-0.47-0.44-1.64-2.51-3.34-1.670.16
Diluted Shares Outstanding257.41M257.41M269.48M281.7M295.34M309.86M341.02M
Basic Shares Outstanding257.41M257.41M269.48M281.7M295.34M309.86M322.85M
Dividend Payout Ratio-------

Balance Sheet

Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Total Current Assets+1.08B1.34B3.88B5.68B6.9B8.21B9.76B
Cash & Short-Term Investments320.45M267.06M1.48B2.85B2.07B2.14B2.23B
Cash Only320.45M267.06M1.47B1.26B892.03M1.01B1.35B
Short-Term Investments0016.17M1.6B1.17B1.13B871.42M
Accounts Receivable43.1M59M2.02B2.49B4.41B5.73B7.06B
Days Sales Outstanding59.5142.27848.09673.641.01K900.68799.02
Inventory0000000
Days Inventory Outstanding-------
Other Current Assets712.68M1.01B239.1M298.31M367.99M282.33M401.97M
Total Non-Current Assets+67.69M61.91M990.23M1.3B1.26B1.31B1.4B
Property, Plant & Equipment33.65M48.14M120.33M222.15M320.31M449.55M591.76M
Fixed Asset Turnover7.86x10.58x7.23x6.07x4.96x5.17x5.45x
Goodwill01.25M516.51M539.53M542.57M533.44M534.16M
Intangible Assets02.5M67.93M78.94M34.43M13.5M12.94M
Long-Term Investments669.15M1.85M11.28M43.17M43.17M73.01M40.28M
Other Non-Current Assets-635.11M8.17M274.18M413.42M292.5M219.41M203.25M
Total Assets+1.15B1.4B4.87B6.97B8.16B9.52B11.15B
Asset Turnover0.23x0.36x0.18x0.19x0.19x0.24x0.29x
Asset Growth %-0.22%2.47%0.43%0.17%0.17%0.17%
Total Current Liabilities+19.76M36.31M108.18M107.07M92.8M124.96M180.1M
Accounts Payable10.85M18.36M57.76M33.07M28.6M41.02M82.82M
Days Payables Outstanding36.4138.9265.2920.9411.9617.7228.86
Short-Term Debt0000000
Deferred Revenue (Current)0000000
Other Current Liabilities0000000
Current Ratio54.70x36.91x35.83x53.02x74.34x65.70x54.19x
Quick Ratio54.70x36.91x35.83x53.02x74.34x65.70x54.19x
Cash Conversion Cycle-------
Total Non-Current Liabilities+1.39B1.73B2.18B4.25B5.53B6.66B7.91B
Long-Term Debt585.95M917.15M1.91B4.08B5.4B6.57B7.82B
Capital Lease Obligations0074.95M65.71M52.56M39.49M31.94M
Deferred Tax Liabilities0000000
Other Non-Current Liabilities806.21M815.89M200.95M104.54M77.62M48.32M52.52M
Total Liabilities1.41B1.77B2.29B4.36B5.62B6.79B8.09B
Total Debt+585.95M917.15M1.98B4.14B5.45B6.61B7.85B
Net Debt265.5M650.09M515.75M2.89B4.56B5.6B6.5B
Debt / Equity--0.77x1.58x2.15x2.42x2.56x
Debt / EBITDA------56.99x
Net Debt / EBITDA------47.16x
Interest Coverage-27.43x-3.34x-7.28x-12.43x-6.56x-1.79x-0.21x
Total Equity+-263.41M-367.1M2.58B2.62B2.53B2.73B3.07B
Equity Growth %--0.39%8.02%0.02%-0.03%0.08%0.12%
Book Value per Share-1.02-1.439.569.298.588.829.00
Total Shareholders' Equity-263.41M-367.1M2.58B2.62B2.53B2.73B3.07B
Common Stock003K3K3K3K3K
Retained Earnings-318.24M-447.17M-898.49M-1.61B-2.59B-3.11B-3.06B
Treasury Stock0000000
Accumulated OCI0-302K6.77M-7.15M-15.42M-21.57M-15.07M
Minority Interest0000000

Cash Flow

Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Cash from Operations+-92.5M-78.99M-193.13M-162.19M12.18M450.14M793.91M
Operating CF Margin %-0.35%-0.16%-0.22%-0.12%0.01%0.19%0.25%
Operating CF Growth %-0.15%-1.45%0.16%1.08%35.95%0.76%
Net Income-120.45M-112.6M-441.03M-707.42M-985.35M-517.76M52.19M
Depreciation & Amortization5.27M9.44M19.98M52.72M134.63M169.04M225.08M
Stock-Based Compensation00292.51M390.98M451.71M344.51M321.43M
Deferred Taxes36K385K00000
Other Non-Cash Items43.35M-7.15M-10.84M111.42M546.16M516.69M245.04M
Working Capital Changes-20.69M30.98M-53.75M-9.91M-134.97M-62.35M-49.83M
Change in Receivables-24.79M-19.05M-22.93M-62.7M-67.69M-167.76M-84.95M
Change in Inventory0000000
Change in Payables4.43M7.51M32.22M-24.69M-5.04M12.42M41.8M
Cash from Investing+-353.73M-253.07M-1.02B-2.01B-1.65B-1.33B-1.08B
Capital Expenditures-19.41M-21.02M-20.25M-86.29M-120.78M-159.3M-192.19M
CapEx % of Revenue0.07%0.04%0.02%0.06%0.08%0.07%0.06%
Acquisitions-------
Investments-------
Other Investing1.41B-232.05M-779.35M-388.7M-1.97B-1.32B-1.28B
Cash from Financing+566.5M302.42M2.58B2.04B1.35B913.15M751.42M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing00-123.74M-125.02M-80.52M-183.35M-292.35M
Net Change in Cash-------
Free Cash Flow+-113.75M-100.01M-213.38M-273.9M-108.59M290.84M601.72M
FCF Margin %-0.43%-0.2%-0.25%-0.2%-0.07%0.13%0.19%
FCF Growth %-0.12%-1.13%-0.28%0.6%3.68%1.07%
FCF per Share-0.44-0.39-0.79-0.97-0.370.941.76
FCF Conversion (FCF/Net Income)0.77x0.70x0.44x0.23x-0.01x-0.87x15.21x
Interest Paid27.84M28.09M41.69M51.52M163.19M318.24M404.38M
Taxes Paid00219K220K808K1.19M2.74M

Key Ratios

Metric2019202020212022202320242025
Return on Equity (ROE)---39.94%-27.24%-38.25%-19.66%1.8%
Return on Invested Capital (ROIC)-3642.25%-56.72%-17.06%-15.11%-14.3%-5.99%-0.73%
Gross Margin58.87%66.2%62.9%57.28%45.01%63.62%67.51%
Net Margin-45.56%-22.1%-50.67%-52.43%-62.05%-22.29%1.62%
Debt / Equity--0.77x1.58x2.15x2.42x2.56x
Interest Coverage-27.43x-3.34x-7.28x-12.43x-6.56x-1.79x-0.21x
FCF Conversion0.77x0.70x0.44x0.23x-0.01x-0.87x15.21x
Revenue Growth-92.74%70.84%55.01%17.69%46.29%38.8%

Revenue by Segment

20212022202320242025
Merchant Network379.55M458.51M507.6M674.61M882.66M
Merchant Network Growth-20.80%10.71%32.90%30.84%
Virtual Card Network49.85M100.7M119.34M151.4M231.31M
Virtual Card Network Growth-101.99%18.51%26.87%52.78%

Revenue by Geography

20212022202320242025
UNITED STATES857.22M1.3B1.54B2.23B3.11B
UNITED STATES Growth-52.15%18.07%44.52%39.52%
CANADA13.24M44.85M47.42M97.39M119.01M
CANADA Growth-238.71%5.73%105.37%22.19%
Other Geographical-136K518K-282K
Other Geographical Growth--280.88%--

Frequently Asked Questions

Valuation & Price

Affirm Holdings, Inc. (AFRM) has a price-to-earnings (P/E) ratio of 478.7x. This suggests investors expect higher future growth.

Growth & Financials

Affirm Holdings, Inc. (AFRM) reported $3.46B in revenue for fiscal year 2025. This represents a 1209% increase from $264.4M in 2019.

Affirm Holdings, Inc. (AFRM) grew revenue by 38.8% over the past year. This is strong growth.

Yes, Affirm Holdings, Inc. (AFRM) is profitable, generating $233.1M in net income for fiscal year 2025 (1.6% net margin).

Dividend & Returns

Affirm Holdings, Inc. (AFRM) has a return on equity (ROE) of 1.8%. This is below average, suggesting room for improvement.

Affirm Holdings, Inc. (AFRM) generated $769.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

VCP Scanner

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screens
  • Valuation
  • Compare
  • Total Return
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Twitter
  • Get Early Access
© 2026 VCP Scanner. All rights reserved.
Made with ❤️ for investors
Not financial advice. Do your own research.