AFRM
Affirm Holdings Inc
NASDAQ: AFRM · FINANCIAL SERVICES · CREDIT SERVICES
$63.48
+0.51% today
Updated 2026-04-29
Market cap
$21.04B
P/E ratio
77.98
P/S ratio
5.66x
EPS (TTM)
$0.81
Dividend yield
—
52W range
$42 – $100
Volume
5.5M
Affirm Holdings Inc (AFRM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $264.37M | $509.53M | $870.46M | $1.35B | $1.59B | $2.32B | $3.22B |
| Revenue growth (YoY) | — | +92.7% | +70.8% | +55.0% | +17.7% | +46.3% | +38.8% |
| Cost of revenue | $108.74M | $172.21M | $322.91M | $576.46M | $873.16M | $845.11M | $1.05B |
| Gross profit | $155.63M | $337.32M | $547.55M | $772.84M | $714.82M | $1.48B | $2.18B |
| Gross margin | 58.9% | 66.2% | 62.9% | 57.3% | 45.0% | 63.6% | 67.5% |
| R&D | $70.81M | $112.98M | $249.34M | $418.64M | $615.82M | $501.86M | — |
| SG&A | $88.90M | $121.23M | $383.75M | $577.49M | $586.40M | $525.29M | $545.05M |
| Operating income | $-101.55M | $-107.79M | $-383.67M | $-866.05M | $-1.20B | $-615.85M | $-87.27M |
| Operating margin | -38.4% | -21.2% | -44.1% | -64.2% | -75.6% | -26.5% | -2.7% |
| EBITDA | $-89.26M | $-70.46M | $-370.69M | $-602.41M | $-671.60M | $-2.23M | $711.99M |
| EBITDA margin | -33.8% | -13.8% | -42.6% | -44.6% | -42.3% | -0.1% | 22.1% |
| EBIT | $-94.52M | $-79.91M | $-390.67M | $-655.14M | $-806.23M | $-171.27M | $486.92M |
| Interest expense | $25.89M | $32.32M | $52.70M | $69.69M | $183.01M | $344.25M | $425.45M |
| Income tax | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-120.45M | $-112.60M | $-441.03M | $-707.42M | $-985.35M | $-517.76M | $52.19M |
| Net income growth (YoY) | — | +6.5% | -291.7% | -60.4% | -39.3% | +47.5% | +110.1% |
| Profit margin | -45.6% | -22.1% | -50.7% | -52.4% | -62.1% | -22.3% | 1.6% |