Affirm CEO Max Levchin said in a note to shareholders that the company set a new goal of hitting operating profitability on a GAAP basis by the fiscal fourth quarter of 2025.Revenue climbed 48% from a year earlier, and Affirm's net loss narrowed to $45.1 million from $206 million in the same period a year ago. The company's active merchant count hit more than 300,000 and active consumers also grew 19% to 18.6 million.Affirm reported gross merchandise volume, or GMV, of $7.2 billion, up 31% from a year earli ...

Affirm Holdings (AFRM) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to loss of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 68.89%. A quarter ago, it was expected that this operator of digital commerce platform would post a loss of $0.70 per share when it actually produced a loss of $0.43, delivering a surprise of 38.57%.Over the last four quar ...

As consumers navigate a challenging economic environment, they are increasingly adopting buy now, pay later (BNPL) options to manage their spending.Affirm, a leading BNPL provider, reported Wednesday (Aug. 28) in its fourth quarter fiscal 2024 financial results that it saw 31% year-over-year growth in gross merchandise volume (GMV), reaching $7.2 billion, and a 48% surge in revenue, reaching $659 million. These increases underscore the growing appetite for flexible payment options as consumers deal with fin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 001-39888 Affirm Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 84-2224323 (I.R.S. Emp ...

We delivered excellent results in both the fourth fiscal quarter as well as full 2024 fiscal year. affirm) .. 11 ? t 2 9:41 4 ଭ My card (a Pay in full Add money Recent transactions affirm) quest to split eligible purchases of $50 c to 24 hours after checkout. ① $28.32 22 hours left to pay over time Johnie's Coffee Shop $117.72 四 (5) The Container Store D 0 88 Shareholder Letter Fourth Fiscal Quarter 2024 Max Levchin Founder and CEO Fellow Affirm shareholders: Just over two years ago, we set a public goal of ...

Fintech stocks have struggled of late, with nCino's (NCNO) dismal fiscal third-quarter forecast only adding pressure today. The industry's sensitivity to artificial intelligence (AI) and Big Tech developments, combined with Nivida's (NVDA) incoming quarterly report, makes now an excellent time to check in with three key sector players.Affirm Holdings Inc (NASDAQ:AFRM) stock is down 6.1% at $30.52 at last glance, and carries a 37.4% year-to-date deficit. After facing rejection at $34 in June and July, the eq ...

Wall Street analysts forecast that Affirm Holdings (AFRM) will report quarterly loss of $0.45 per share in its upcoming release, pointing to a year-over-year increase of 34.8%. It is anticipated that revenues will amount to $599.5 million, exhibiting an increase of 34.5% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Befo ...

Affirm Holdings, Inc. (AFRM) is set to report its fourth-quarter fiscal 2024 results on Aug 28, after the closing bell.The Zacks Consensus Estimate for fiscal fourth-quarter earnings is currently pegged at a loss of 45 cents per share, implying an improvement of 34.8% from the year-ago reported number. The estimate remained stable over the past week. The Zacks Consensus Estimate for fiscal fourth-quarter revenues is currently pegged at $599.5 million, suggesting a 34.5% rise from the year-ago actuals. Image ...

The latest trading session saw Affirm Holdings (AFRM) ending at $29.75, denoting a +1.57% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.42%. Meanwhile, the Dow experienced a rise of 0.14%, and the technology-dominated Nasdaq saw an increase of 0.57%.The operator of digital commerce platform's shares have seen a decrease of 0.17% over the last month, not keeping up with the Business Services sector's gain of 0.67% and the S&P 500's gain of 1.77%.Mark ...

The U.S. business services space has been benefiting from the strong fundamentals of the economy. Despite facing a record-high interest rate, elevated inflation rate and extremely tight monetary control by the Fed, this sector has performed well in the past three months. Industries within this sector are mature, with demand for services in good shape. Revenues, income and cash flows are anticipated to gradually reach the pre-pandemic levels, aiding most industry players in paying out stable dividends.The pa ...