Affirm Holdings, Inc. Class A Common Stock (AFRM) — Analysis Summary
Affirm Holdings, Inc. Class A Common Stock (AFRM) has a market cap of $27.44B with year-over-year revenue growth of +34.9%. Net margin stands at 4.7%. The stock trades at a P/E ratio of 71.7.
Key Takeaways
- Revenue changed +34.9% year-over-year
- Net margin of 4.7%
- P/E ratio of 71.7
Compared to other companies in the PERSONAL CREDIT INSTITUTIONS sector, AFRM posted revenue growth of +34.9% and trades at a P/E of 71.7.
Affirm Holdings, Inc. Class A Common Stock (AFRM)
UPDATED — ET · SOURCE POLYGON
Red Flags & WarningsHigh Risk Signals
Multiple material red flags are active and deserve closer underwriting before relying on any valuation output.
Debt/EBITDA at 14.6x — highly leveraged, potential refinancing risk
Interest coverage at 0.7x — earnings do not cover interest payments
Operating margin (24.0%) exceeds gross margin (0.0%) — check for other operating income or data classification issues
Founded in 2012, Affirm is a market leader in the buy now, pay later space with around $36 billion in transaction volume in fiscal 2025. Affirm offers both zero-interest financing, which is merchant subsidized, and interest-bearing loans, which function as personal loans that are approved on a per-transaction basis. Over 70% of Affirm's transaction volume comes from its interest-bearing loans, which also constitute the majority of its revenue. Affirm primarily operates in the United States, which accounted for more than 95% of its revenue in 2025, but it has also expanded to Canada and the United Kingdom.
Sector
PERSONAL CREDIT INSTITUTIONS
Employees
2,206
Headquarters
SAN FRANCISCO, CA
Exchange
XNAS
Systematic competitive advantage assessment based on 4yr data
This assessment is based on quantitative analysis of historical financial data and does not constitute investment advice. Moat ratings may change with industry and competitive dynamics.
First version surfaces recent SEC Forms 3, 4, and 5 activity. It does not yet parse individual buy/sell transactions.
Capital Structure
Cash Flow
Disclaimer: This is not financial advice. Data sourced from SEC EDGAR and Polygon.io. Past performance does not guarantee future results. Always conduct your own research before making investment decisions.