hapabapa Investment Thesis Affirm (NASDAQ:AFRM) delivered impressive fiscal Q4 2024 results and fiscal 2025 guidance. More specifically, it appears that Affirm is demonstrably a growth company. And while it continues to grow its top line, it's also carving out a path towards clean GAAP profitability. In sum, I make the case that AFRM is attractively priced at 17x forward non-GAAP operating profits. As such, I rate this stock a buy. Rapid Recap On 23 May, I said in a neutral AFRM article, [...] You ma ...

Financial Data and Key Metrics Changes - The company reported a strong quarter in fiscal year 2024, highlighting growth and profitability improvements [7] - The guidance for fiscal 2025 reflects a conservative approach, with a focus on achievable targets [12][14] Business Line Data and Key Metrics Changes - The company emphasized the importance of its credit control, stating that they have a short-term exposure and manage credit outcomes effectively [12] - The growth rate in the first quarter guidance indicates progress in initiatives that have already shipped and are contributing to GMV [13] Market Data and Key Metrics Changes - The company is not currently factoring in future market expectations of funding costs into their decision-making process, focusing instead on current funding costs [31] - The company expects that if rates decrease, it could lead to better approval rates and increased user activity [17] Company Strategy and Development Direction - The leadership structure is evolving, with the CFO taking on an expanded role as COO, indicating a strategic shift to support long-term scaling [8] - The company is focused on enhancing its product offerings and improving customer engagement through various promotional tools [44][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in their ability to navigate a potentially falling rate environment, highlighting the flexibility of their pricing model [17] - The company is optimistic about the future, with plans to continue expanding margins while investing in growth opportunities [28] Other Important Information - The company achieved GAAP profitability in the fourth quarter, marking a significant milestone [38] - The management clarified that they do not need to become a bank to conduct their business effectively, emphasizing their focus on growth and credit management [53] Q&A Session Summary Question: Fiscal 2025 guidance and credit environment - Management discussed their conservative approach to setting guidance and their control over credit outcomes [12][14] Question: Business performance in a falling rate environment - Management highlighted the benefits of their pricing model and the potential for increased user activity if rates decrease [17] Question: RLTC performance and key variables for 2025 - Management noted that the mix of business and credit outcomes will be significant factors in RLTC performance [21] Question: Control and visibility into credit outcomes - Management acknowledged the increase in repeat users and transactions, indicating improved visibility into future volume trends [24] Question: Operating leverage and AOI margins - Management expressed pride in the progress made on operating leverage and the expectation for continued margin expansion [28] Question: Apple Pay and competitive landscape - Management discussed the complexities of the Buy Now Pay Later market and the unique advantages of their platform [39] Question: Customer base composition and promotional capabilities - Management outlined plans to enhance customer engagement through tailored promotional offerings [44][46] Question: User experience with Apple Pay and unit economics - Management clarified that they aim to maintain unit economics within the 3% to 4% range, regardless of the payment channel [50]

Affirm Holdings (AFRM) reported $659.19 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 47.9%. EPS of -$0.14 for the same period compares to -$0.69 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $599.5 million, representing a surprise of +9.96%. The company delivered an EPS surprise of +68.89%, with the consensus EPS estimate being -$0.45.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

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 ...