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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Affirm Holdings's Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$870.46 M | $1.35 B | $1.59 B | $2.32 B | $3.22 B |
| Cost of Revenue |
|
$329.85 M | $576.46 M | $873.16 M | $845.11 M | $1.05 B |
| Gross Profit |
|
$540.62 M | $772.84 M | $714.82 M | $1.48 B | $2.18 B |
| Research & Development |
|
$249.34 M | $418.64 M | $615.82 M | $501.86 M | - |
| Selling,General & Administrative |
|
$554.53 M | $1.11 B | $1.22 B | $1.10 B | $979.90 M |
| Operating Expense |
|
$867.11 M | $1.57 B | $1.70 B | $2.09 B | $2.26 B |
| Operating Income |
|
-$326.49 M | -$796.35 M | -$1.20 B | -$615.85 M | -$87.27 M |
| Net Income |
|
-$430.92 M | -$707.42 M | -$985.35 M | -$517.76 M | $52.19 M |
Affirm Holdings's Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$1.48 B | $2.85 B | $2.07 B | $2.14 B | $2.23 B |
| Inventories |
|
- | - | - | - | - |
| Total Current Assets |
|
$3.88 B | $5.68 B | $6.90 B | $8.21 B | $9.76 B |
| Property,Plant and Equipment |
|
$120.33 M | $222.15 M | $320.31 M | $449.55 M | $591.76 M |
| Goodwill |
|
$516.52 M | $539.53 M | $542.57 M | $533.44 M | $534.16 M |
| Total Assets |
|
$4.87 B | $6.97 B | $8.16 B | $9.52 B | $11.15 B |
| Total Liabilities |
|
$2.29 B | $4.36 B | $5.62 B | $6.79 B | $8.09 B |
| Retained Earnings |
|
-$898.49 M | -$1.61 B | -$2.59 B | -$3.11 B | -$3.06 B |
| Total Shareholder Equity |
|
$2.58 B | $2.62 B | $2.53 B | $2.73 B | $3.07 B |
| Common Stock |
|
$3.00 K | $3.00 K | $3.00 K | $3.00 K | $3.00 K |
Affirm Holdings's Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$19.98 M | $52.72 M | $134.63 M | $169.04 M | $225.08 M |
| Dividends Payout |
|
- | - | - | - | - |
| Capital Expenditures (Capex) |
|
-$20.25 M | -$111.71 M | -$120.78 M | -$159.30 M | -$192.19 M |
| Free Cash Flow (FCF) |
|
-$213.38 M | -$273.90 M | -$108.59 M | $290.84 M | $601.72 M |
Affirm Holdings's Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$540.62 M | $772.84 M | $714.82 M | $1.48 B | $2.18 B |
| Gross Profit Margin (%) |
|
62.90% | 57.28% | 45.01% | 63.62% | 67.51% |
| Operating Income |
|
-$326.49 M | -$796.35 M | -$1.20 B | -$615.85 M | -$87.27 M |
| Operating Income Margin (%) |
|
-44.08% | -64.19% | -75.62% | -26.51% | -2.71% |
| Net Income |
|
-$430.92 M | -$707.42 M | -$985.35 M | -$517.76 M | $52.19 M |
| Net Income Margin (%) |
|
-50.67% | -52.43% | -62.05% | -22.29% | 1.62% |
| EBITDA |
|
-$370.69 M | -$602.42 M | -$671.60 M | - | $711.99 M |
| EBITDA Margin (%) |
|
-42.59% | -44.65% | -42.29% | -0.10% | 22.08% |
Affirm Holdings's Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
-16.73% | -27.02% | -38.88% | -18.95% | 1.70% |
| Return on Assets (ROA) |
|
-8.85% | -10.14% | -12.08% | -5.44% | 0.47% |
| Debt to Equity |
|
76.97% | 158.27% | 215.10% | 242.11% | 255.89% |
| Debt to total asset |
|
40.73% | 59.42% | 66.84% | 69.48% | 70.40% |
| Enterprise value to revenue |
|
12.85 | 5.91 | 5.72 | 6.39 | 8.94 |
| Enterprise value to EBITDA |
|
-30.16 | -13.24 | -13.53 | 0.00 | 40.48 |
| Enterprise value |
|
$11.18 B | $7.98 B | $9.09 B | $14.84 B | $28.82 B |
| Tax Rate (%) |
|
0.53% | 2.40% | 0.39% | -0.43% | 15.10% |
Frequently Asked Questions
