Affirm Stock News

Affirm has surged on strong earnings. Is the stock an attractive buy considering its rerating potential on future profitability?

Affirm beat Wall Street's sales target in fiscal Q4, and its loss per share came in far lower than anticipated. Guidance for this year also came in much better than expected.

Affirm reported impressive 48% revenue growth in FQ4 and recorded adjusted operating income of $150 million. The company has substantial catalysts in FY25 with digital wallets like Apple Pay and the expansion of use of the Affirm Card. The company aims for GAAP profitability by FQ4'25, a shift that may hinder stock performance due to market focus on meager GAAP metrics.

Affirm NASDAQ: AFRM has seen wild fluctuations in its stock price over the past three years. Shares peaked at nearly $169 in November 2021 but are down 80% from that level today.

Affirm's strong growth trajectory, driven by expanding merchant network and effective risk management, now makes it a compelling buy despite previous neutral stance. Impressive 33% y/y revenue growth expected in fiscal 2025, surpassing analyst expectations and showcasing Affirm's ability to grow both rapidly and profitably. Valuation at 17x forward non-GAAP operating profits, with potential for...

Affirm Holdings, Inc. (NASDAQ:AFRM ) Q4 2024 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Zane Keller - Director of Investor Relations Max Levchin - Founder and Chief Executive Officer Michael Linford - Chief Financial Officer Conference Call Participants Jason Kupferberg - Bank of America Securities Reginald Smith - JPMorgan Ramsey El-Assal - Barclays William Nance ...

Affirm shares jumped Wednesday in after-hours trading following a beat on the top and bottom lines. The company reported a per share loss of 14 cents, while analysts were expecting a loss of 51 cents per share.

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.