Core Insights - Revolve Group has expanded its partnership with Affirm to offer flexible payment options to shoppers in Canada and the United Kingdom, building on their existing collaboration in the United States [2][4] - Eligible shoppers can now utilize Affirm's pay-over-time feature for a range of products including apparel, footwear, accessories, and beauty items [2][3] Company Strategy - The co-founder and co-CEO of Revolve Group, Mike Karanikolas, emphasized that the expansion aligns with the company's commitment to enhancing the customer journey through curated shopping experiences and transparent payment options [4] - Karanikolas highlighted that payment flexibility is integral to providing a premium shopping experience, which was previously introduced in the U.S. market [4] Market Impact - Affirm's Chief Revenue Officer, Wayne Pommen, noted that the partnership has already provided U.S. customers with greater choice and clarity, and the expansion into Canada and the U.K. will further enhance this experience [5] - Affirm reported a 30% year-over-year growth in fashion and beauty purchases on its network for the quarter ending September 30, indicating strong demand for its services [6]

Group 1 - The discussion focuses on the growth of volume in the Buy Now, Pay Later (BNPL) sector, highlighting its increasing popularity among consumers in the U.S. [1] - Affirm, as a key player in the BNPL market, is noted for its ability to engage with retail investors and address their inquiries, indicating a strong interest in the company's performance and strategies [1] - The success of BNPL is attributed to the variety of payment methods available to consumers, suggesting that the flexibility and convenience offered by BNPL solutions resonate well with consumer preferences [1]

Core Insights - Affirm and Revolve Group have expanded their partnership to facilitate easier payment options for consumers in Canada and the UK, allowing them to purchase fashion items without late or hidden fees [1][2] - Eligible consumers can now use Affirm's buy now, pay later (BNPL) service to split their purchases for various products, including apparel and accessories [1][2] - The partnership builds on an existing collaboration that began in the United States earlier this year, reflecting a growing trend towards flexible payment options in the retail sector [1][2] Company Overview - Revolve Group, Inc. is a fashion retailer targeting Millennial and Generation Z consumers, founded in 2003 by co-CEOs Michael Mente and Mike Karanikolas [2] - The company operates through two segments: REVOLVE, which offers a wide range of apparel and accessories, and FWRD, which focuses on luxury brands [3] - Affirm aims to provide transparent financial products that improve consumer lives and support business growth, differentiating itself by not charging late or hidden fees [3][4] Market Trends - The demand for flexible payment options is increasing, with Affirm's network reporting a 30% year-over-year growth in fashion and beauty purchases as of the quarter ended September 30, 2025 [2] - Leading global brands, including Adidas and Canada Goose, utilize Affirm's services at checkout, indicating a broader acceptance of BNPL solutions in the retail industry [2]

Affirm (NasdaqGS:AFRM) Fireside Chat December 16, 2025 12:00 PM ET Company ParticipantsRob O'Hare - CFOConference Call ParticipantsMatt Cotes - AnalystMatt CotesEverybody, trickle in here for a second before we start. Okay, awesome, so my name's Matt Cotes. I work at Truist Securities, covering Payments and Fintech, and I'm really pleased to be joined by Rob O'Hare here. Rob has been with the firm for a little bit over five years now, and he's been in his current seat as CFO for a little bit over one year. ...

Group 1 - U.S. stocks experienced a decline, with the Dow Jones index dropping over 100 points on Tuesday [1] - Cementos Pacasmayo SAA – ADR shares surged 47.4% to $10.30 following Holcim's agreement to acquire 50.01% of its owner, Inversiones Aspi. S.A. [1] Group 2 - Rezolve AI PLC reported preliminary December revenue results, leading to a 23.7% increase in its stock price to $2.87 [2] - Emerald Holding Inc announced a review of potential strategic options, resulting in a 17% rise in its stock price to $4.14 [2] - NovaBay Pharmaceuticals Inc's stock increased by 16.2% to $3.15 [2] - Tilray Brands Inc saw a 15% surge in its stock price to $12.57 [2] - Clearpoint Neuro Inc's stock jumped 14.2% to $14.14 [2] - Fermi Inc gained 11.4%, reaching $9.57 [2] - Sezzle Inc authorized a $100 million stock buyback, leading to a 9.6% increase in its stock price to $72.49 [2] - WW International Inc launched a new platform for the GLP-1 era, resulting in a 7.8% gain to $26.19 [2] - Circle Internet Group Inc rose 7.7% to $81.24 [2] - Lemonade Inc's stock surged 7.4% to $80.59 [2] - Netskope Inc gained 6.9%, reaching $20.37 [2] - Ascentage Pharma Group International's stock rose 6% to $29.26 [2] - RH's stock increased by 5.5% to $172.60, with Barclays analyst maintaining an Overweight rating and lowering the price target from $385 to $283 [2] - Affirm Holdings Inc gained 4.4%, reaching $68.56 [2]

Core Viewpoint - A firm Holdings, a buy now pay later company, reported strong earnings but has seen its stock price decline due to consumer concerns despite positive retail performance and recent interest rate cuts by the Federal Reserve [1][2][3] Company Performance - A firm Holdings achieved a 12-cent earnings beat on an 11-cent basis with significantly higher than expected revenue [1] - The stock initially surged over 11% to a high of approximately $79 but has since fallen back to around $65, indicating market skepticism about consumer spending [2] Consumer Insights - The CEO of a firm Holdings, Max Lechin, emphasized the importance of effective underwriting to avoid late fees and hidden charges, aligning the company's interests with consumers [5][17] - The company has successfully served 20 to 40 million Americans without charging late fees or revolving interest, showcasing a different approach to consumer credit [8] Market Trends - Recent data indicates a 47% year-over-year growth in travel during the holiday season, with Gen Z showing a 75% increase in travel spending [27][28] - There was significant growth in 0% loans during Black Friday and Cyber Monday, with over 70% year-over-year growth, indicating consumers are looking for interest-free borrowing options [30][31] Expansion Plans - A firm Holdings is expanding into the UK market, viewing it as a significant opportunity following successful operations in North America [23][25] - The partnership with Revolve is seen as a strategic move to enhance their presence in the UK, leveraging their existing success in Canada [24][25]

But I remember when I look at a a card company like Capital One, I always say, you know what, there are people who don't pay and because of them, I'm paying a huge amount. Now, how about we just cut out all the people who don't pay and then I can I don't have to pay much at all. Correct.>> You're summarizing our business model pretty well right there. If you get really good at underwriting, you don't have to charge late fees. You don't have to throw in some hidden charges here and there. you most certainly ...

In a Monday interview with CNB's Jim Cramer, Affirm CEO Max Levchin reviewed his company's strategy, suggesting the buy now, pay later outfit benefits from not charging its customers late fees."We have total alignment with our consumers. If they don't pay us back, we just lose money," Levchin said. "There's no magic in the business model, and that transparency aligns us fully with that person."According to Levchin, late fees aren't necessary "if you get really good at underwriting." He advocated for more cl ...

Core Viewpoint - Affirm Holdings, Inc. (NASDAQ:AFRM) is recognized as one of the most promising fintech stocks, with analysts providing mixed but generally positive ratings and price targets, indicating potential for growth in the buy now, pay later (BNPL) market. Group 1: Analyst Ratings and Price Targets - Susquehanna reaffirmed a Buy rating on Affirm Holdings with a price target of $105 [1] - Wolfe Research initiated coverage with a Peerperform rating and a year-end 2026 fair value range of $72-$82, expecting fiscal year 2026 revenue less transaction costs (RLTC) to reach $1.95 billion, slightly above the Street consensus of $1.92 billion [2] - Freedom Capital Markets assigned a Buy rating with a $90 price target, viewing Affirm as a leading provider of BNPL options in the US [3] Group 2: Company Performance and Growth Initiatives - Affirm has made significant progress in profitability and growth through initiatives like 0% APR installment loans, the Affirm Card, and international expansion [3] - The company has experienced strong US market share growth, achieving GAAP profitability in the last three quarters, and is viewed as a "+mid-20s grower" with high-20s adjusted operating income margins [4] - Affirm's platform includes point-of-sale payment options, a consumer app, the Affirm Card, and merchant services, positioning it well in the fintech landscape [5]

Core Insights - The fintech sector is expected to grow significantly, with a projected CAGR of 16.2% from 2025 to 2032, as consumers increasingly shift from traditional banks to digital financial services [2][3] Robinhood - Robinhood has disrupted traditional brokerage models with commission-free trades and a user-friendly app, doubling its funded customers from 12.5 million in 2020 to 25.2 million in 2024 [5] - By Q3 2025, Robinhood's funded customers reached 26.8 million, with Gold subscribers increasing by 77% year-over-year to 3.9 million [6] - Analysts forecast Robinhood's revenue and adjusted EBITDA to grow at CAGRs of 27% and 37% respectively from 2024 to 2027, driven by its expansion into a comprehensive fintech platform [7][8] Affirm - Affirm specializes in "buy now, pay later" (BNPL) services, allowing consumers to make purchases in installments without credit cards, which appeals to lower-income consumers and merchants seeking lower fees [9][10] - From fiscal 2021 to fiscal 2025, Affirm's active consumers grew from 7.1 million to 23 million, and its gross merchandise volume increased from $8.3 billion to $36.7 billion [10] - Analysts predict Affirm's revenue and adjusted EBITDA to grow at CAGRs of 25% and 131% respectively from fiscal 2025 to fiscal 2028, indicating strong growth potential [12][13]