Financials Affirm Holdings, Inc.

Equities

AFRM

US00827B1061

Financial Technology (Fintech)

Real-time Estimate Cboe BZX Other stock markets 14:49:52 22/05/2025 BST			5-day change	1st Jan Change
47.98 ^USD	+1.58%		-7.94%	-21.77%

05-20	Affirm Holdings, Inc. Presents at 53rd Annual JPMorgan Global Technology, Media and Communications Conference, May-13-2025 04:30 PM
05-20	Cali Pass and Affirm Announces Partnership to Offer Flexible Payment Options for Skiers and Lift Ticket	CI

Projected Income Statement: Affirm Holdings, Inc.

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	509.5	870.5	1,349	1,588	2,323	3,182	3,885	4,765
Change	-	70.84%	55.01%	17.69%	46.29%	37%	22.08%	22.65%
EBITDA ¹	-	-359.2	-813.3	-1,066	-446.8	414.2	640.2	766.7
Change	-	-	-126.42%	-31.09%	58.1%	192.7%	54.58%	19.75%
EBIT ¹	-	-379.2	-866	-1,201	-615.8	-128.7	244.2	555.3
Change	-	-	-128.39%	-38.66%	48.72%	79.09%	289.7%	127.38%
Interest Paid	-	-	-	-183	-344.3	-	-	-
Earnings before Tax (EBT) ¹	-	-433.3	-724.8	-989.2	-515.5	28.22	293	603.9
Change	-	-	-67.29%	-36.48%	47.89%	105.47%	938.2%	106.1%
Net income ¹	-	-430.9	-707.4	-985.3	-517.8	20.91	296	609.3
Change	-	-	-64.16%	-39.29%	47.45%	104.04%	1,315.8%	105.82%
Announcement Date	18/11/20	09/09/21	25/08/22	24/08/23	28/08/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: June	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	204	230.7	261.8	269.4	361	354.8	364.1	361.6	399.6	381	445.8	496.5	591.1	576.2	659.2	698.5	866.4	783.1	834.7	864.6	1,032	966.2	1,039	1,069	1,286	1,199
Change	-	13.05%	13.49%	2.91%	34.01%	-1.73%	2.64%	-0.69%	10.49%	-4.65%	17.02%	11.38%	19.04%	-2.53%	14.41%	5.96%	24.04%	-9.61%	6.58%	3.58%	19.39%	-6.39%	7.56%	2.9%	20.25%	-6.8%
EBITDA ¹	-28.37	-164.4	-116.8	-155.5	-184.2	-213.4	-260.1	-266.6	-336.5	-262.6	-200.5	-169.3	-145.6	-115.6	-29.24	-85.91	50.57	51.07	135.2	87.5	45	72.9	28.9	-	-	-
Change	-	-479.65%	28.97%	-33.16%	-18.46%	-15.86%	-21.86%	-2.49%	-26.24%	21.98%	23.62%	15.57%	13.98%	20.63%	74.71%	-193.83%	158.87%	0.99%	164.81%	-35.3%	-48.57%	62%	-60.36%	-	-	-
EBIT ¹	-31.72	-169.5	-124.7	-166.1	-196.2	-226.6	-277.2	-287.5	-359.5	-310	-243.8	-209.4	-172.2	-160.8	-73.46	-132.6	-4.322	-8.393	19.42	14.23	83.44	59.16	90.27	88.15	216.8	158.2
Change	-	-434.24%	26.42%	-33.19%	-18.14%	-15.47%	-22.37%	-3.69%	-25.07%	13.77%	21.35%	14.1%	17.81%	6.6%	54.31%	-80.54%	96.74%	-94.19%	331.41%	-26.72%	486.25%	-29.1%	52.58%	-2.34%	145.97%	-27.06%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-31.48	-247.2	-130.7	-306.4	-159.5	-54.41	-204.5	-251.4	-324	-206.5	-207.3	-170.7	-167.6	-133	-44.14	-98.32	82.86	5.345	37.1	39.65	85.53	79.51	95.11	105.9	184.6	169
Change	-	-685.38%	47.14%	-134.51%	47.96%	65.88%	-275.87%	-22.95%	-28.86%	36.26%	-0.37%	17.63%	1.84%	20.62%	66.82%	-122.75%	184.27%	-93.55%	594.17%	6.85%	115.73%	-7.03%	19.61%	11.36%	74.34%	-8.48%
Net income ¹	-31.56	-247.2	-128.2	-306.6	-159.7	-54.67	-186.4	-251.3	-322.4	-205.7	-206	-171.8	-166.9	-133.9	-45.14	-100.2	80.36	2.804	37.83	36.94	88.76	75.96	95.13	116.5	211.7	167
Change	-	-683.21%	48.12%	-139.12%	47.9%	65.77%	-240.94%	-34.8%	-28.32%	36.21%	-0.14%	16.59%	2.84%	19.75%	66.3%	-122.04%	180.18%	-96.51%	1,249.17%	-2.35%	140.27%	-14.42%	25.25%	22.41%	81.81%	-21.13%
Announcement Date	11/02/21	10/05/21	09/09/21	10/11/21	10/02/22	12/05/22	25/08/22	08/11/22	08/02/23	09/05/23	24/08/23	08/11/23	08/02/24	08/05/24	28/08/24	07/11/24	06/02/25	08/05/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Affirm Holdings, Inc.

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-736	2,823	4,506	5,535	5,151	4,849	4,230
Change	-	-	483.56%	59.62%	22.84%	-6.93%	-5.86%	-12.77%
Announcement Date	18/11/20	09/09/21	25/08/22	24/08/23	28/08/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Affirm Holdings, Inc.

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	20.25	86.29	120.8	159.3	181.1	169.9	172
Change	-	326.08%	39.96%	31.89%	13.69%	-6.21%	1.28%
Free Cash Flow (FCF) ¹	-213.4	-200.1	-108.6	290.8	783.3	1,354	1,590
Change	-	6.23%	45.73%	367.83%	169.33%	72.89%	17.37%
Announcement Date	09/09/21	25/08/22	24/08/23	28/08/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Affirm Holdings, Inc.

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-41.27%	-60.28%	-67.14%	-19.23%	13.01%	16.48%	16.09%
EBIT Margin (%)	-	-43.56%	-64.19%	-75.62%	-26.51%	-4.05%	6.29%	11.65%
EBT Margin (%)	-	-49.77%	-53.72%	-62.3%	-22.19%	0.89%	7.54%	12.67%
Net margin (%)	-	-49.5%	-52.43%	-62.05%	-22.29%	0.66%	7.62%	12.79%
FCF margin (%)	-	-24.51%	-14.83%	-6.84%	12.52%	24.61%	34.86%	33.36%
FCF / Net Income (%)	-	49.52%	28.28%	11.02%	-56.17%	3,746.15%	457.47%	260.87%
Profitability
ROA	-	-13.75%	-11.95%	-13.03%	-5.86%	0.1%	2.49%	4.06%
ROE	-	-38.93%	-27.24%	-38.25%	-19.66%	0.6%	8.9%	14.52%
Financial Health
Leverage (Debt/EBITDA)	-	-	-3.47x	-4.23x	-12.39x	12.44x	7.57x	5.52x
Debt / Free cash flow	-	-	-14.11x	-41.5x	19.03x	6.58x	3.58x	2.66x
Capital Intensity
CAPEX / Current Assets (%)	-	2.33%	6.4%	7.61%	6.86%	5.69%	4.37%	3.61%
CAPEX / EBITDA (%)	-	-5.64%	-10.61%	-11.33%	-35.65%	43.73%	26.53%	22.44%
CAPEX / FCF (%)	-	-9.49%	-43.13%	-111.22%	54.77%	23.12%	12.54%	10.82%
Items per share
Cash flow per share ¹	-	-1.213	-0.404	0.0412	1.453	2.632	3.664	5.3
Change	-	-	66.69%	110.2%	3,425.97%	81.2%	39.2%	44.65%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	9.583	9.111	8.537	8.783	9.142	11.19	15.07
Change	-	-	-4.92%	-6.3%	2.88%	4.09%	22.37%	34.66%
EPS ¹	-2.63	-2.72	-2.51	-3.34	-1.67	0.0529	0.7749	1.619
Change	-	-3.42%	7.72%	-33.07%	50%	103.17%	1,364.58%	108.98%
Nbr of stocks (in thousands)	-	265,093	286,430	295,686	309,125	322,600	322,600	322,600
Announcement Date	18/11/20	09/09/21	25/08/22	24/08/23	28/08/24	-	-	-