AFRM

Affirm Holdings, Inc.

Fundamental data last updated:June 4, 2026

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company profile

SECTOR

Technology

industry

Software - Infrastructure

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

08/27/2026

Business Summary

Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months. As of June 30, 2021, the company had approximately 29,000 merchants integrated on its platform covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies. Its merchants represent a range of industries, including sporting goods and outdoors, furniture and homewares, travel, apparel, accessories, consumer electronics, and jewelry. The company was founded in 2012 and is headquartered in San Francisco, California.

 


VALUATION

P/E

65.08

Market Cap ($M USD)

$24.72B

Forward P/E

18.98

PEG

0.08

PRICE TO SALES

6.23

PRICE TO BOOK

6.58

EV / EBITDA

27.91

5-Year Average P/E

Free Cash Flow Yield

3.18%

DCF Value

$-130.28

Graham Number

$16.92

Price to FCF

31.41

EV to FCF

39.59

Earnings Yield

1.54%

FCF Yield

3.18%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.13

Next Year EPS Growth Estimate

$3.89

Next Year Revenue Growth Estimate

$815.14B

Return on Equity (ROE)

11.17%

FREE CASH FLOW

Operating Margin

11.12%

Debt-to-Equity

2.56

Piotroski F-Score

7

Altman Z-Score

2.03

Return on Invested Capital (ROIC)

3.36%

Current Ratio

717.01

Quick Ratio

717.01

Net Debt to EBITDA

5.77

Interest Coverage

1.00

Gross Profit margin

67.71%

FCF PER SHARE

$2.33

REVENUE PER SHARE

$11.78

Gainseekers Quantitative Analysis

Summary

Affirm Holdings, Inc. presents a perplexing valuation puzzle. Despite a Forward P/E of 17.80 suggesting potential growth, the DCF Value is alarmingly negative, indicating the market may be overestimating its intrinsic worth. The Altman Z-score of 1.84 raises red flags about financial distress, while an Earnings Yield of 1.77% is underwhelming for value seekers. The stock’s price has been trading below its Graham Number, hinting at a possible mispricing. Yet, the high Price/Book ratio of 5.70 suggests investors are paying a premium for its assets.

AI Exposure / Tech Reliance

Operating in the Software - Infrastructure industry, Affirm is well-positioned to leverage AI and tech advancements. Its focus on financial technology aligns with the digital transformation sweeping across sectors. This positioning could enhance its adaptability and competitive edge in a rapidly evolving market.

The Bull Case

For the discerning GARP investor, Affirm's appeal lies in its robust ROIC of 3.37% and a solid Piotroski F-Score of 7, indicating operational efficiency and financial health. The company's Free Cash Flow Yield, though modest, suggests some level of cash generation capability. With an Operating Margin of 11.35%, Affirm demonstrates pricing power, potentially translating into sustainable profitability. These metrics paint a picture of a company with the potential for capital efficiency and growth.

The Bear Case

However, the bear case is hard to ignore. The Debt/Equity ratio of 2.56 signals significant leverage, posing a risk in volatile markets. The Price/Sales ratio of 5.49 and EV to EBITDA of 24.96 reflect a valuation that may be stretched. Furthermore, the Net Debt to EBITDA ratio of 5.77 and an Interest Coverage barely above 1.00 highlight financial vulnerabilities. These factors, combined with a high beta of 3.72, suggest exposure to market volatility and structural risks.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$81.93

Institutional Ownership %

1-Year Beta

3.72

Insider Buying % (6 Mo)

Distance to 52-Week High

35.45%

Distance to 52-Week Low

42.98%

EARNINGS SURPRISE %

76.06%

50-DAY SMA

$58.42

200-DAY SMA

$67.38

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.