Affirm CEO Max Levchin said in a note to shareholders that the company set a new goal of hitting operating profitability on a GAAP basis by the fiscal fourth quarter of 2025.Revenue climbed 48% from a year earlier, and Affirm's net loss narrowed to $45.1 million from $206 million in the same period a year ago. The company's active merchant count hit more than 300,000 and active consumers also grew 19% to 18.6 million.Affirm reported gross merchandise volume, or GMV, of $7.2 billion, up 31% from a year earli ...

Affirm Holdings (AFRM) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to loss of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 68.89%. A quarter ago, it was expected that this operator of digital commerce platform would post a loss of $0.70 per share when it actually produced a loss of $0.43, delivering a surprise of 38.57%.Over the last four quar ...

As consumers navigate a challenging economic environment, they are increasingly adopting buy now, pay later (BNPL) options to manage their spending.Affirm, a leading BNPL provider, reported Wednesday (Aug. 28) in its fourth quarter fiscal 2024 financial results that it saw 31% year-over-year growth in gross merchandise volume (GMV), reaching $7.2 billion, and a 48% surge in revenue, reaching $659 million. These increases underscore the growing appetite for flexible payment options as consumers deal with fin ...

主要合作伙伴风险 - 公司依赖少数几家主要商业合作伙伴，任何一家主要合作伙伴的流失都会对公司业务、经营业绩、财务状况和未来前景产生重大不利影响[158,159,160] - 公司目前主要依赖两家银行合作伙伴Celtic Bank和Lead Bank提供绝大部分贷款服务,以及依赖一家银行Evolve Bank & Trust发行Affirm信用卡,如果与这些银行合作关系终止且无法及时找到替代合作伙伴,将会对公司业务、经营业绩、财务状况和未来前景产生重大不利影响[161,162] - 公司与主要贷款银行和发卡银行的协议不禁止这些银行与竞争对手合作或提供竞争性服务[164] - 如果任何主要贷款银行或发卡银行暂停、限制或停止其业务或贷款发放活动,公司可能需要与另一家银行建立类似的安排,或获得额外的州许可证,或缩减业务[165,166] 客户吸引与维系风险 - 公司能否持续吸引新消费者并维系和发展与现有消费者的关系,对公司业务、经营业绩、财务状况和未来前景有重大影响[150,151,152] 行业竞争风险 - 公司所处行业竞争激烈,如果无法成功应对竞争,将会对公司业务、经营业绩、财务状况和未来前景产生重大不利影响[153,154,155,156] 合作伙伴开发与维系风险 - 公司无法吸引新的商业合作伙伴、保留现有商业合作伙伴,并发展新老合作伙伴关系,将会对公司业务、经营业绩、财务状况和未来前景产生重大不利影响[146,147,148,149] 持续盈利能力风险 - 公司存在持续亏损的历史,未来能否实现持续盈利存在不确定性[136] - 公司季度业绩可能大幅波动,未必能完全反映公司业务的基本面表现[136] 信息安全风险 - 公司面临网络攻击、内部员工不当行为等导致的信息泄露风险,可能对公司产生重大不利影响[139] 监管风险 - 公司业务受到广泛监管,监管环境的变化可能对公司产生负面影响[140,141] 利率风险 - 市场利率的进一步上升或持续高位可能对公司业务产生不利影响[143] 融资风险 - 公司依赖于各种融资渠道支持其业务模式,如果现有融资安排无法续期或替换,或现有融资来源不愿意或无法以可接受的条款向公司提供融资,可能会对公司产生重大不利影响[173,174,175,176,177,178] 创新能力风险 - 公司的业务成功和增长取决于其持续创新和开发新产品和技术的能力[168,169,170,171,172] 贷款质量风险 - 公司与原始贷款银行合作,利用其数据驱动的风险模型有效承销通过其平台发放的贷款并准确定价信用风险,是其核心竞争优势之一[181,182,183,184] - 公司保留更多贷款在资产负债表上，这些贷款通过公司的合并证券化和仓单信贷融资[188][189] - 如果贷款表现不佳或大幅低于预期，可能会对公司的业务、经营业绩、财务状况和未来前景产生不利影响[187][190] - 公司的融资模式依赖于各种融资安排,如果贷款表现不佳可能会对这些融资安排产生不利影响[189] 并购整合风险 - 公司过去进行的收购和战略投资存在一定风险,可能无法实现战略目标,并对公司的持续经营和财务状况产生不利影响[191][192][193][194][195][196] 国际业务拓展风险 - 公司计划未来进一步拓展国际业务,但这将使公司面临一系列新的挑战和风险[197][198][199][200] 关键人员流失风险 - 公司创始人兼CEO的离职可能会对公司的业务、经营业绩、财务状况和未来前景产生重大不利影响[201][202] - 公司需要吸引和留住高技能员工,这在当前竞争激烈的环境下面临挑战[203][204][205] 盈利能力不确定性 - 公司过去一直亏损,未来能否实现持续盈利存在不确定性[206][207][208] - 公司季度业绩可能会大幅波动，未必能完全反映公司业务的基本面表现[209] - 公司业务存在季节性波动，第二财季业绩通常最强[210] 声誉风险 - 负面舆论可能会对公司声誉和业务产生不利影响[211] 法律合规风险 - 公司面临诉讼、监管行动和合规问题的风险，可能会导致罚款、判决和声誉损害[212,213,214,215,216,217,218] - 公司需要对贷款损失计提拨备准备，如果估计不准确可能会影响经营业绩[219,220,221] - 公司在资产证券化、仓储信贷和远期协议中作出的陈述和保证如有不实可能需要回购贷款，这将对公司经营产生不利影响[223,224] - 公司必须遵守反洗钱和反恐融资法律,否则可能会对公司产生重大不利影响[316,317] - 如果公司的高收益储蓄账户产品未能遵守相关要求,可能会导致存款不符合FDIC保险资格,从而对公司的品牌、业务、经营业绩、财务状况和未来前景产生不利影响[318,319,320,321] - 监管机构和消费者倡导团体高度关注机器学习和"黑箱"算法可能导致的潜在歧视问题[322,323] 整体经济环境风险 - 公司业务受到整体经济状况、消费者信用状况和商业合作伙伴财务表现的重

财务业绩 - 公司在第四财季和全年2024财年交出了出色的业绩[24] - 公司在2023财年实现了调整后经营利润的盈利目标，并计划在第四财季实现GAAP利润[25][26][27] - 公司2024财年调整后经营利润率达16%，体现出其抗风险能力[101][102] - 公司计划在2025财年实现GAAP盈利[27][53] - 总收入同比增长48%至6.59亿美元[108] - 收入占GMV的比例增加至9.1%，而上一季度为8.1%[108,111,114] - 网络收入同比增长28%，与GMV整体增长一致[108] - 利息收入同比增长57%，主要由于定价举措和持有投资贷款的增长[108] - 贷款出售收益同比增长116%，主要由于出售更多贷款以及2024-X1交易的影响[108] - 服务收入小幅增长，主要由于出售更多贷款导致离表平台组合增加[108] - RLTC占GMV的比例增加100个基点至4.3%，主要受益于2024-X1交易[109] - 平均融资成本同比增加约70个基点，但过去三个季度保持稳定在约7.7%[146,147,148,149,150,151,157,158] - 经营亏损同比改善1.7亿美元至7300万美元亏损[159] - 经调整后的经营利润同比增加1.35亿美元至1.5亿美元[160] 业务增长 - 公司GMV和收入分别同比增长30%和45%，交易量同比增长42%[30] - 公司活跃商户数超过30万，已与美国前三大品牌和电商平台合作[31] - 公司将继续提升消费者参与度和扩大网络覆盖范围作为主要增长策略[33] - 公司重复消费者的交易频次和总消费额持续提升[37][38][42][52] - 公司2024财年第四季度GMV同比增长31%，其中直接面向消费者的GMV增长37%[103][104] 新业务拓展 - 公司将继续拓展数字钱包等新渠道，并计划在今年内正式进入英国市场[56][57]

Fintech stocks have struggled of late, with nCino's (NCNO) dismal fiscal third-quarter forecast only adding pressure today. The industry's sensitivity to artificial intelligence (AI) and Big Tech developments, combined with Nivida's (NVDA) incoming quarterly report, makes now an excellent time to check in with three key sector players.Affirm Holdings Inc (NASDAQ:AFRM) stock is down 6.1% at $30.52 at last glance, and carries a 37.4% year-to-date deficit. After facing rejection at $34 in June and July, the eq ...

Affirm Holdings, Inc. (AFRM) is set to report its fourth-quarter fiscal 2024 results on Aug 28, after the closing bell.The Zacks Consensus Estimate for fiscal fourth-quarter earnings is currently pegged at a loss of 45 cents per share, implying an improvement of 34.8% from the year-ago reported number. The estimate remained stable over the past week. The Zacks Consensus Estimate for fiscal fourth-quarter revenues is currently pegged at $599.5 million, suggesting a 34.5% rise from the year-ago actuals. Image ...

The latest trading session saw Affirm Holdings (AFRM) ending at $29.75, denoting a +1.57% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.42%. Meanwhile, the Dow experienced a rise of 0.14%, and the technology-dominated Nasdaq saw an increase of 0.57%.The operator of digital commerce platform's shares have seen a decrease of 0.17% over the last month, not keeping up with the Business Services sector's gain of 0.67% and the S&P 500's gain of 1.77%.Mark ...

The U.S. business services space has been benefiting from the strong fundamentals of the economy. Despite facing a record-high interest rate, elevated inflation rate and extremely tight monetary control by the Fed, this sector has performed well in the past three months. Industries within this sector are mature, with demand for services in good shape. Revenues, income and cash flows are anticipated to gradually reach the pre-pandemic levels, aiding most industry players in paying out stable dividends.The pa ...

Affirm Holdings, Inc. (AFRM) recently partnered with Hotels.com, which is owned by travel technology company Expedia Group, Inc. (EXPE) . The move expands AFRM’s existing partnership with Expedia Group, which already offers Affirm’s buy now, pay later (BNPL) solutions on its platforms like Expedia and Vrbo.This collaboration aims to provide Hotels.com guests with options to book accommodations and pay over time by dividing the total cost of their purchase into manageable payments. Given the strong recovery ...