# Affirm Holdings, Inc. (AFRM)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $22.67B  
**Price:** $66.49 (+5.86%)

> Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce, enabling buy now, pay later solutions. Its platform includes three core elements: a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app that provides flexible financing options at the time of purchase. The company partners with merchants across various sectors, including retail, travel, and e-commerce, to offer transparent installment payment plans without hidden fees or compound interest. Affirm Holdings, Inc. empowers consumers to access credit seamlessly through its technology, integrating directly into the checkout process on merchant websites and apps. Founded in 2012 and headquartered in San Francisco, California, Affirm plays a key role in the fintech space by facilitating short-term, fixed-payment loans that promote responsible lending practices and enhance the shopping experience for millions of users.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.11B | — | -$87M | $52M | — |
| 2024 | $826M | — | -$616M | -$518M | — |
| 2023 | $627M | — | -$1.20B | -$985M | — |
| 2022 | $559M | — | -$866M | -$707M | — |
| 2021 | $429M | — | -$384M | -$441M | — |
| 2020 | $276M | — | -$108M | -$113M | — |
| 2019 | $140M | — | -$127M | -$120M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $11.15B | $8.09B | $3.07B | $1.35B | $7.61B |
| 2024 | $9.52B | $6.79B | $2.73B | $1.01B | $1.84B |
| 2023 | $8.16B | $5.62B | $2.53B | $892M | — |
| 2022 | $6.97B | $4.36B | $2.62B | $1.26B | — |
| 2021 | $4.87B | $2.29B | $2.58B | $1.47B | — |
| 2020 | $1.40B | $965M | -$367M | $267M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $794M | $192M | $602M |
| 2024 | $450M | $159M | $291M |
| 2023 | $12M | $121M | -$109M |
| 2022 | -$162M | $86M | -$248M |
| 2021 | -$193M | $20M | -$213M |
| 2020 | -$71M | $21M | -$92M |
| 2019 | -$88M | $19M | -$107M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AFRM)