Affirm is expanding its partnership with New York Life Insurance, a move that highlights how traditional financial giants are deepening their exposure to fintech-driven consumer lending.Under the new agreement, New York Life will purchase up to $750 million worth of Affirm's installment loans through 2026, giving the payments company fresh off-balance-sheet funding to support roughly $1.75 billion in annual loan volume.The deal extends a relationship that began in 2023, when New York Life first started inve ...

Company Overview - Affirm Holdings, Inc. is a leading financial technology company that offers installment loans to consumers at the point of sale, founded in 2012 [1] - The company competes with other buy-now-pay-later services like Afterpay and Klarna [1] Financial Metrics - Affirm has a high price-to-earnings (P/E) ratio of 560.21, indicating a high valuation relative to its earnings, yet investor interest remains strong [2][6] - The price-to-sales ratio stands at 8.95, suggesting that investors are willing to pay nearly nine times the company's sales per share, reflecting confidence in its growth potential [3][6] - The enterprise value to sales ratio is 10.97, highlighting the company's total valuation in relation to its sales [3] - The enterprise value to operating cash flow ratio is 44.55, indicating a high valuation compared to its cash flow from operations [4] - The earnings yield is relatively low at 0.18%, which may concern some investors [4] - Affirm's current ratio is strong at 54.19, demonstrating its robust ability to cover short-term liabilities with short-term assets [4] Leverage and Growth Strategy - The debt-to-equity ratio is 2.56, showing that Affirm has more than twice as much debt as equity, which may pose risks but also highlights the company's aggressive growth strategy [5][6]