Affirm Holdings (AFRM) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
2.3B
Gross Profit
1.5B
63.62%
Operating Income
-264.8M
-11.40%
Net Income
-517.8M
-22.29%
EPS (Diluted)
-$1.67
Balance Sheet Metrics
Total Assets
9.5B
Total Liabilities
6.8B
Shareholders Equity
2.7B
Debt to Equity
2.48
Cash Flow Metrics
Operating Cash Flow
-444.3M
Free Cash Flow
290.8M
Revenue & Profitability Trend
Affirm Holdings Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 2.3B | 1.6B | 1.3B | 870.5M | 509.5M |
| Cost of Goods Sold | 845.1M | 873.2M | 576.5M | 322.9M | 172.2M |
| Gross Profit | 1.5B | 714.8M | 772.8M | 547.6M | 337.3M |
| Operating Expenses | 1.3B | 1.4B | 1.3B | 812.6M | 307.7M |
| Operating Income | -264.8M | -982.0M | -796.4M | -331.0M | -75.5M |
| Pre-tax Income | -515.5M | -989.2M | -724.8M | -443.4M | -112.2M |
| Income Tax | 2.2M | -3.9M | -17.4M | -2.3M | 376.0K |
| Net Income | -517.8M | -985.3M | -707.4M | -441.0M | -112.6M |
| EPS (Diluted) | -$1.67 | -$3.34 | -$2.51 | -$2.88 | -$0.61 |
Income Statement Trend
Affirm Holdings Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 8.2B | 6.9B | 5.7B | 3.9B | 1.3B |
| Non-Current Assets | 1.3B | 1.3B | 1.3B | 990.2M | 61.9M |
| Total Assets | 9.5B | 8.2B | 7.0B | 4.9B | 1.4B |
| Liabilities | |||||
| Current Liabilities | 125.0M | 92.8M | 107.1M | 108.2M | 36.3M |
| Non-Current Liabilities | 6.7B | 5.5B | 4.2B | 2.2B | 1.7B |
| Total Liabilities | 6.8B | 5.6B | 4.4B | 2.3B | 1.8B |
| Equity | |||||
| Total Shareholders Equity | 2.7B | 2.5B | 2.6B | 2.6B | -367.1M |
Balance Sheet Composition
Affirm Holdings Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -517.8M | -985.3M | -707.4M | -441.0M | -112.6M |
| Operating Cash Flow | -444.3M | -569.2M | -767.2M | -416.7M | -178.6M |
| Investing Activities | |||||
| Capital Expenditures | -159.3M | -120.8M | -86.3M | -20.3M | -21.0M |
| Investing Cash Flow | -1.3B | -1.7B | -2.0B | -1.0B | -253.1M |
| Financing Activities | |||||
| Dividends Paid | - | - | - | - | - |
| Financing Cash Flow | 880.0M | 1.3B | 2.0B | 2.5B | 292.0M |
| Free Cash Flow | 290.8M | -108.6M | -273.9M | -213.4M | -92.3M |
Cash Flow Trend
Affirm Holdings Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-37.24
Forward P/E
132.32
Price to Book
6.98
Price to Sales
6.67
PEG Ratio
132.32
Profitability Ratios
Profit Margin
-2.07%
Operating Margin
-1.07%
Return on Equity
-2.26%
Return on Assets
-1.38%
Financial Health
Current Ratio
13.47
Debt to Equity
255.95
Beta
3.58
Per Share Data
EPS (TTM)
-$0.19
Book Value per Share
$8.91
Revenue per Share
$9.40
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| afrm | 20.1B | -37.24 | 6.98 | -2.26% | -2.07% | 255.95 |
| Microsoft | 3.6T | 36.91 | 11.04 | 33.61% | 35.79% | 32.63 |
| Oracle | 581.5B | 47.60 | 28.42 | 82.38% | 21.68% | 505.59 |
| Palo Alto Networks | 134.5B | 115.23 | 18.57 | 21.16% | 13.95% | 11.15 |
| CrowdStrike Holdings | 122.6B | 716.55 | 35.50 | -5.74% | -4.17% | 22.50 |
| Fortinet | 76.4B | 41.09 | 39.13 | 205.91% | 30.60% | 54.84 |
Financial data is updated regularly. All figures are in the company's reporting currency.