Balance Sheet Affirm Holdings, Inc.

Equities

AFRM

US00827B1061

Financial Technology (Fintech)

Market Closed - Nasdaq Other stock markets 21:00:00 04/03/2026 GMT			Pre-market 13:35:24
50.72 ^USD	+6.04%		51.30	+1.13%

03-03	Affirm Holdings, Inc. Presents at Morgan Stanley Technology, Media & Telecom Conference 2026, Mar-02-2026 through Mar-05-2026
03-03	Affirm Expands Stripe Partnership to Support Shared Payment Tokens for Agentic Commerce	CI

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Published financial data: AFFIRM HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	544M	821M	903M	1.12B	1.62B
Interest And Invest. Income (Rev)	326M	528M	685M	1.2B	1.61B
Other Revenues, Total	-	-	-	-	1K
Total Revenues	870M	1.35B	1.59B	2.32B	3.22B
Cost of Goods Sold, Total	439M	687M	912M	1.33B	1.74B
Gross Profit	431M	662M	676M	994M	1.48B
Selling General & Admin Expenses, Total	543M	1.11B	1.22B	1.1B	980M
R&D Expenses	256M	419M	616M	502M	590M
Other Operating Expenses, Total	799M	1.53B	1.84B	1.6B	1.57B
Operating Income	-368M	-865M	-1.16B	-607M	-87.46M
Interest Expense, Total	-	-	-	-3.4M	-7.14M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-	-	-	-3.4M	-7.14M
Other Non Operating Income (Expenses)	1.46M	231M	114M	105M	75.46M
EBT, Excl. Unusual Items	-366M	-635M	-1.05B	-506M	-19.14M
Restructuring Charges	-	-	-35.87M	-6.77M	184K
Merger & Related Restructuring Charges	-	-600K	-1.8M	-	-
Impairment of Goodwill	-	-	-	-1M	-
Gain (Loss) On Sale Of Investments	1.6M	-	-	-14.1M	-2M
Asset Writedown	-11.54M	-362K	-1.24M	-752K	-
Other Unusual Items	-57.13M	-89.31M	98.01M	12.64M	82.42M
EBT, Incl. Unusual Items	-433M	-725M	-989M	-516M	61.46M
Income Tax Expense	-2.34M	-17.41M	-3.9M	2.23M	9.28M
Earnings From Continuing Operations	-431M	-707M	-985M	-518M	52.19M
Net Income to Company	-431M	-707M	-985M	-518M	52.19M
Net Income - (IS)	-431M	-707M	-985M	-518M	52.19M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	-431M	-707M	-985M	-518M	52.19M
Net Income to Common Excl. Extra Items	-431M	-707M	-985M	-518M	52.19M
Per Share Items
Net EPS - Basic	-2.72	-2.51	-3.34	-1.67	0.16
Basic EPS - Continuing Operations	-2.72	-2.51	-3.34	-1.67	0.16
Basic Weighted Average Shares Outstanding	158M	282M	295M	310M	323M
Net EPS - Diluted	-2.88	-2.51	-3.34	-1.67	0.15
Diluted EPS - Continuing Operations	-2.88	-2.51	-3.34	-1.67	0.15
Diluted Weighted Average Shares Outstanding	159M	282M	295M	310M	341M
Normalized Basic EPS	-1.45	-1.41	-2.22	-1.02	-0.04
Normalized Diluted EPS	-1.44	-1.41	-2.22	-1.02	-0.04
Supplemental Items
EBITDA	-279M	-716M	-942M	-365M	185M
EBITA	-294M	-745M	-1.02B	-513M	-38.77M
EBIT	-368M	-865M	-1.16B	-607M	-87.46M
EBITDAR	-263M	-703M	-926M	-358M	193M
Total Revenues (As Reported)	870M	1.35B	1.59B	2.32B	3.22B
Effective Tax Rate - (Ratio)	0.54	2.4	0.39	-0.43	15.1
Current Domestic Taxes	-10K	145K	759K	1.44M	1.74M
Current Foreign Taxes	-410K	230K	408K	392K	425K
Total Current Taxes	-420K	375K	1.17M	1.83M	2.17M
Deferred Domestic Taxes	-2.48M	394K	386K	472K	-73K
Deferred Foreign Taxes	559K	-18.18M	-5.45M	-76K	7.19M
Total Deferred Taxes	-1.92M	-17.79M	-5.07M	396K	7.11M
Normalized Net Income	-229M	-397M	-655M	-316M	-11.96M
Interest on Long-Term Debt	-	-	-	-	7.14M
Supplemental Operating Expense Items
Advertising Expense	48.1M	74M	22.6M	19.2M	30.8M
Selling and Marketing Expenses	184M	606M	661M	576M	435M
General and Administrative Expenses	359M	503M	561M	524M	545M
Research And Development Expense From Footnotes	256M	419M	616M	502M	590M
Net Rental Expense, Total	15.3M	12.5M	15.55M	6.95M	8.15M
Imputed Operating Lease Interest Expense	-	-	-	31.3K	64.34K
Imputed Operating Lease Depreciation	-	-	-	6.92M	8.08M
Stock-Based Comp., COGS (Total)	2.41M	2.43M	4.48M	3.21M	868K
Stock-Based Comp., R&D Exp. (Total)	83.39M	117M	181M	96.6M	87.71M
Stock-Based Comp., S&M Exp. (Total)	19.18M	23.22M	25.91M	16.37M	16.54M
Stock-Based Comp., G&A Exp. (Total)	183M	249M	240M	228M	216M
Total Stock-Based Compensation	288M	391M	452M	345M	321M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.47B	1.26B	892M	1.01B	1.35B
Short Term Investments	-	300M	97.22M	69.68M	39.01M
Total Cash And Short Term Investments	1.47B	1.56B	989M	1.08B	1.39B
Accounts Receivable, Total	91.58M	142M	199M	353M	426M
Other Receivables	26.42M	17.22M	-	18.26M	3.77M
Notes Receivable	16.17M	-	-	-	-
Total Receivables	134M	159M	199M	371M	430M
Prepaid Expenses	132M	72.67M	35.63M	50.19M	72.22M
Loans Held For Sale	13.03M	2.67M	76K	36K	-
Restricted Cash	226M	296M	368M	282M	402M
Total Current Assets	1.97B	2.09B	1.59B	1.79B	2.3B
Gross Property Plant And Equipment	153M	282M	444M	692M	1.05B
Accumulated Depreciation	-32.9M	-60.34M	-124M	-242M	-455M
Net Property Plant And Equipment	120M	222M	320M	450M	592M
Long-term Investments	1.92B	3.69B	5.32B	6.51B	7.5B
Goodwill	517M	540M	543M	533M	534M
Other Intangibles, Total	67.93M	78.94M	34.43M	13.5M	12.94M
Deferred Tax Assets Long-Term	-	-	-	21.21M	13.93M
Other Long-Term Assets, Total	274M	361M	347M	202M	201M
Total Assets	4.87B	6.97B	8.16B	9.52B	11.15B
Liabilities
Accounts Payable, Total	57.76M	33.07M	28.6M	41.02M	82.82M
Accrued Expenses, Total	50.42M	74M	64.2M	83.94M	97.28M
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	-	-	16.5M	16.74M	16.58M
Other Current Liabilities	-	-	53.27M	17.64M	2.79M
Total Current Liabilities	108M	107M	163M	159M	199M
Long-Term Debt	1.91B	4.08B	5.4B	6.57B	7.82B
Long-Term Leases	74.95M	65.71M	36.06M	22.75M	15.37M
Other Non Current Liabilities	195M	105M	24.36M	30.68M	49.73M
Total Liabilities	2.29B	4.36B	5.62B	6.79B	8.09B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	3K	3K	3K	3K	3K
Additional Paid In Capital	3.46B	4.23B	5.14B	5.86B	6.14B
Retained Earnings	-888M	-1.61B	-2.59B	-3.11B	-3.06B
Comprehensive Income and Other	6.77M	-7.15M	-15.42M	-21.56M	-15.07M
Total Common Equity	2.58B	2.62B	2.53B	2.73B	3.07B
Total Equity	2.58B	2.62B	2.53B	2.73B	3.07B
Total Liabilities And Equity	4.87B	6.97B	8.16B	9.52B	11.15B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	272M	289M	299M	311M	326M
ECS Total Common Shares Outstanding	269M	287M	297M	311M	325M
Book Value / Share	9.58	9.11	8.54	8.78	9.44
Tangible Book Value	2B	2B	1.96B	2.19B	2.52B
Tangible Book Value Per Share	7.41	6.96	6.59	7.02	7.76
Total Debt	1.98B	4.14B	5.45B	6.61B	7.85B
Net Debt	516M	2.59B	4.46B	5.53B	6.46B
Debt Equivalent Oper. Leases	122M	100M	124M	55.59M	65.19M
Account Code - Inventory Valuation	3	-	3	3	3
Machinery, Total	11.99M	15.03M	16.69M	18.74M	18.56M
Full Time Employees	1.64K	2.55K	2.17K	2.01K	2.21K
Accumulated Allowance for Doubtful Accounts (Supple)	4.1M	13.9M	12.9M	14.9M	18.8M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	-431M	-707M	-985M	-518M	52.19M
Depreciation & Amortization - CF	15.38M	29.22M	82.13M	148M	224M
Amortization of Goodwill and Intangible Assets - (CF)	73.7M	120M	138M	93.87M	48.69M
Depreciation & Amortization, Total	89.08M	149M	220M	242M	272M
Amortization of Deferred Charges, Total - (CF)	6.42M	16.15M	20.54M	24.55M	30.39M
(Gain) Loss From Sale Of Asset	-89.93M	-196M	-188M	-197M	-382M
(Gain) Loss on Sale of Investments - (CF)	-	2.19M	-36.06M	-22.8M	-44.03M
Asset Writedown & Restructuring Costs	11.54M	362K	-14.64M	-2.02M	7.15M
Net (Increase) Decrease in Loans Originated / Sold - Operating	-45.9M	29.37M	-	-	-
Provision for Credit Losses	65.88M	-	-	-	-
Stock-Based Compensation (CF)	288M	391M	452M	345M	321M
Provision and Write-off of Bad Debts	-	255M	332M	461M	617M
Other Operating Activities, Total	-33.59M	-92.23M	182M	181M	-30.95M
Change In Accounts Receivable	-22.93M	-62.7M	-67.69M	-168M	-84.95M
Change In Accounts Payable	32.22M	-24.69M	-5.04M	12.42M	41.8M
Change in Other Net Operating Assets	-63.04M	77.48M	103M	92.38M	-6.64M
Cash from Operations	-193M	-162M	12.18M	450M	794M
Capital Expenditure	-20.25M	-86.29M	-121M	-159M	-192M
Cash Acquisitions	-222M	-6M	-16.05M	-	-
Sale (Purchase) of Intangible assets	-	-25.42M	-	-	-
Investment in Marketable and Equity Securities, Total	-	-1.53B	455M	151M	392M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-749M	-342M	-1.98B	-1.28B	-1.32B
Other Investing Activities, Total	-30.72M	-21.43M	3.71M	-34M	34.92M
Cash from Investing	-1.02B	-2.01B	-1.65B	-1.33B	-1.08B
Long-Term Debt Issued, Total	4.34B	6.8B	8.04B	14.99B	24.59B
Total Debt Issued	4.34B	6.8B	8.04B	14.99B	24.59B
Long-Term Debt Repaid, Total	-3.38B	-4.64B	-6.61B	-13.89B	-23.3B
Total Debt Repaid	-3.38B	-4.64B	-6.61B	-13.89B	-23.3B
Issuance of Common Stock	1.35B	73.91M	15.77M	33.12M	60.69M
Repurchase of Common Stock	-159M	-185M	-73.95M	-189M	-554M
Issuance of Preferred Stock	435M	-	-	-	-
Repurchase of Preferred Stock	-13K	-	-	-	-
Other Financing Activities, Total	-12.5M	-13.75M	-22.44M	-27.3M	-49.23M
Cash from Financing	2.58B	2.04B	1.35B	913M	751M
Foreign Exchange Rate Adjustments	1.84M	-5.41M	81K	-2.68M	-1.24M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1K
Net Change in Cash	1.36B	-142M	-291M	35.46M	461M
Supplemental Items
Cash Interest Paid	41.69M	51.52M	163M	318M	404M
Cash Income Tax Paid (Refund)	219K	220K	808K	1.19M	2.74M
Levered Free Cash Flow	-166M	-138M	-296M	-2.86M	213M
Unlevered Free Cash Flow	-173M	-154M	-317M	-25.28M	187M
Change In Net Working Capital	300M	41.91M	142M	73.03M	160M
Net Debt Issued / Repaid	963M	2.16B	1.43B	1.1B	1.29B

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	-7.33	-9.13	-9.6	-4.3	-0.53
Return on Total Capital	-7.77	-9.55	-9.85	-4.38	-0.54
Return On Equity %	-28.55	-27.24	-38.25	-19.66	1.8
Return on Common Equity	-38.93	-27.24	-38.25	-19.66	1.8
Margin Analysis
Gross Profit Margin %	49.56	49.09	42.54	42.81	45.97
SG&A Margin	62.38	82.18	76.93	47.35	30.39
EBITDA Margin %	-32	-53.04	-59.31	-15.72	5.74
EBITA Margin %	-33.77	-55.2	-64.48	-22.1	-1.2
EBIT Margin %	-42.24	-64.11	-73.17	-26.14	-2.71
Income From Continuing Operations Margin %	-49.5	-52.43	-62.05	-22.29	1.62
Net Income Margin %	-49.5	-52.43	-62.05	-22.29	1.62
Net Avail. For Common Margin %	-49.5	-52.43	-62.05	-22.29	1.62
Normalized Net Income Margin	-26.29	-29.39	-41.26	-13.6	-0.37
Levered Free Cash Flow Margin	-19.09	-10.21	-18.65	-0.12	6.6
Unlevered Free Cash Flow Margin	-19.82	-11.4	-19.95	-1.09	5.8
Asset Turnover
Asset Turnover	0.28	0.23	0.21	0.26	0.31
Fixed Assets Turnover	10.33	7.88	5.85	6.03	6.19
Receivables Turnover (Average Receivables)	7.23	7.03	5.29	4.05	4.15
Short Term Liquidity
Current Ratio	18.23	19.48	9.79	11.21	11.52
Quick Ratio	14.65	16.02	7.31	9.13	9.14
Operating Cash Flow to Current Liabilities	-1.79	-1.51	0.07	2.82	3.98
Days Sales Outstanding (Average Receivables)	50.51	51.91	68.96	90.32	87.99
Average Days Payable Outstanding	31.64	24.13	12.33	9.59	12.97
Long Term Solvency
Total Debt/Equity	76.8	158.27	215.1	242.11	255.89
Total Debt / Total Capital	43.44	61.28	68.26	70.77	71.9
LT Debt/Equity	76.8	158.27	214.45	241.49	255.35
Long-Term Debt / Total Capital	43.44	61.28	68.06	70.59	71.75
Total Liabilities / Total Assets	46.97	62.46	68.93	71.3	72.49
EBIT / Interest Expense	-	-	-	-178.63	-12.24
EBITDA / Interest Expense	-	-	-	-105.37	27.04
(EBITDA - Capex) / Interest Expense	-	-	-	-152.22	0.14
Total Debt / EBITDA	-7.53	-5.89	-5.89	-18.46	40.66
Net Debt / EBITDA	-1.96	-3.68	-4.82	-15.44	33.44
Total Debt / (EBITDA - Capex)	-6.99	-5.25	-5.21	-12.78	8.1K
Net Debt / (EBITDA - Capex)	-1.82	-3.28	-4.26	-10.69	6.66K
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	70.84	55.01	17.69	46.29	38.8
Gross Profit, 1 Yr. Growth %	168.19	53.48	1.97	47.22	49.04
EBITDA, 1 Yr. Growth %	183.25	156.83	31.54	-61.22	-150.66
EBITA, 1 Yr. Growth %	172.7	153.33	37.4	-49.85	-92.45
EBIT, 1 Yr. Growth %	241.08	135.25	34.26	-47.73	-85.6
Earnings From Cont. Operations, 1 Yr. Growth %	282.71	60.4	39.29	-47.45	-110.08
Net Income, 1 Yr. Growth %	282.71	60.4	39.29	-47.45	-110.08
Normalized Net Income, 1 Yr. Growth %	237.75	73.27	28.86	-51.4	-96.27
Diluted EPS Before Extra, 1 Yr. Growth %	9.56	-14.72	33	-49.92	-109.16
Accounts Receivable, 1 Yr. Growth %	55.21	55.12	40.15	77.33	20.72
Net Property, Plant and Equip., 1 Yr. Growth %	149.95	84.62	44.18	40.35	31.63
Total Assets, 1 Yr. Growth %	247.08	43.29	16.95	16.72	17.18
Tangible Book Value, 1 Yr. Growth %	-638.42	0.44	-2.13	11.64	15.42
Common Equity, 1 Yr. Growth %	-803.13	1.66	-3.21	7.81	12.34
Cash From Operations, 1 Yr. Growth %	170.86	-16.02	-107.51	3.6K	76.37
Capital Expenditures, 1 Yr. Growth %	-3.65	326.08	39.96	31.89	20.65
Levered Free Cash Flow, 1 Yr. Growth %	127.97	-5.39	895.64	-99.13	-7.55K
Unlevered Free Cash Flow, 1 Yr. Growth %	129.49	1.24	590.04	-92.74	-839.8
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	81.46	62.73	35.07	31.21	42.5
Gross Profit, 2 Yr. CAGR %	181.62	102.93	25.1	22.53	48.13
EBITDA, 2 Yr. CAGR %	51	169.75	82.41	-28.61	-55.68
EBITA, 2 Yr. CAGR %	51.87	162.87	85.23	-17.03	-80.54
EBIT, 2 Yr. CAGR %	69.85	183.3	76.71	-16.26	-72.56
Earnings From Cont. Operations, 2 Yr. CAGR %	89.14	150.65	49.47	-14.45	-76.99
Net Income, 2 Yr. CAGR %	89.14	150.65	49.47	-14.45	-76.99
Normalized Net Income, 2 Yr. CAGR %	74.38	137.79	55.81	-16.49	-86.44
Diluted EPS Before Extra, 2 Yr. CAGR %	0.68	-2.28	6.59	-18.43	-78.58
Accounts Receivable, 2 Yr. CAGR %	45.76	55.17	47.45	57.65	46.31
Net Property, Plant and Equip., 2 Yr. CAGR %	89.11	114.82	63.16	42.25	35.92
Total Assets, 2 Yr. CAGR %	105.86	123.01	29.45	16.84	16.95
Tangible Book Value, 2 Yr. CAGR %	175.32	132.22	-0.86	4.53	13.51
Common Equity, 2 Yr. CAGR %	213.03	167.06	-0.81	2.15	10.05
Cash From Operations, 2 Yr. CAGR %	48.44	50.82	-74.89	66.59	707.32
Capital Expenditures, 2 Yr. CAGR %	2.16	102.62	144.2	35.87	26.15
Levered Free Cash Flow, 2 Yr. CAGR %	-	37.46	41.33	-69.94	-19.7
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	43.04	43.09	-26.09	-26.72
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	72.17	46.07	38.71	33.69
Gross Profit, 3 Yr. CAGR %	-	130.07	61.33	32.08	30.79
EBITDA, 3 Yr. CAGR %	-	80.26	112.36	8.87	-36.32
EBITA, 3 Yr. CAGR %	-	80.13	111.79	19.83	-62.68
EBIT, 3 Yr. CAGR %	-	89.34	120.9	17.74	-53.43
Earnings From Cont. Operations, 3 Yr. CAGR %	-	80.42	106.07	5.49	-58.06
Net Income, 3 Yr. CAGR %	-	80.42	106.07	5.49	-58.06
Normalized Net Income, 3 Yr. CAGR %	-	74.02	110.61	5.39	-70.22
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-4.04	8.29	-17.17	-60.65
Accounts Receivable, 3 Yr. CAGR %	-	48.82	49.99	56.8	44.23
Net Property, Plant and Equip., 3 Yr. CAGR %	-	87.6	88.08	55.17	38.62
Total Assets, 3 Yr. CAGR %	-	82.44	79.84	25.06	16.95
Tangible Book Value, 3 Yr. CAGR %	-	96.54	74.11	3.15	8.04
Common Equity, 3 Yr. CAGR %	-	115.01	90.41	1.99	5.44
Cash From Operations, 3 Yr. CAGR %	-	22.77	-44.51	32.59	69.79
Capital Expenditures, 3 Yr. CAGR %	-	64.44	79.11	98.87	30.59
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	59.59	-73.19	88.83
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	61.51	-45.33	59.28
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	54.44	44.63
Gross Profit, 5 Yr. CAGR %	-	-	-	78.82	55.92
EBITDA, 5 Yr. CAGR %	-	-	-	24.48	13.47
EBITA, 5 Yr. CAGR %	-	-	-	32.14	-18.5
EBIT, 5 Yr. CAGR %	-	-	-	36.65	-4.09
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	33.86	-14.26
Net Income, 5 Yr. CAGR %	-	-	-	33.86	-14.26
Normalized Net Income, 5 Yr. CAGR %	-	-	-	33.23	-29.8
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-10.08	-43.38
Accounts Receivable, 5 Yr. CAGR %	-	-	-	52.29	48.51
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	67.95	65.17
Total Assets, 5 Yr. CAGR %	-	-	-	52.65	51.4
Tangible Book Value, 5 Yr. CAGR %	-	-	-	52.67	46.73
Common Equity, 5 Yr. CAGR %	-	-	-	59.65	52.91
Cash From Operations, 5 Yr. CAGR %	-	-	-	38.71	61.93
Capital Expenditures, 5 Yr. CAGR %	-	-	-	52.35	55.68
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	23.92
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	19.99