Affirm Holdings, Inc. Class A Common Stock (AFRM) Stock Analysis
Market Closed
Sector: Financial Services · Industry: Personal Credit Institutions
What's happening with AFRM
Price History
5-Year Weekly Candlestick Chart
Profile
earnings quality and profitability lag behind.
How is each axis scored?
- Valuation54/100 · Moderate
- P/E vs own history (37th pct)20/25
- FCF yield (3.3%)12/25
- P/S (6.1x)12/25
- EV/EBIT (n/a)10/25
- Growth50/100 · Moderate
- Revenue CAGR (38.7%)25/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (60.3%)25/25
- Profitability49/100 · Weak
- ROIC (12.6%)12/25
- ROE (10.1%)12/25
- Net margin (9.6%)13/25
- Operating margin (8.3%)12/25
- Financial Health63/100 · Moderate
- Altman Z (1.61)10/25
- Current ratio (4.16)25/25
- Interest coverage (0.8x)3/25
- Net cash / debt (Net cash)25/25
- Quality40/100 · Weak
- Piotroski F (6/9)15/25
- Beneish M (2.20)0/25
- FCF conversion (206%)25/25
- Margin stability (σ 30.1%)0/25
About Affirm Holdings, Inc. Class A Common Stock
Founded in 2012, Affirm is a market leader in the buy now, pay later space with around $36 billion in transaction volume in fiscal 2025. Show more
Affirm offers both zero-interest financing, which is merchant-subsidized, and interest-bearing loans, which function as personal loans that are approved on a per-transaction basis. Over 70% of Affirm's transaction volume comes from its interest-bearing loans, which also constitute the majority of its revenue. Affirm primarily operates in the United States, which accounted for more than 95% of its revenue in 2025, but it has also expanded to Canada and the United Kingdom.
Headquarters: SAN FRANCISCO, CA · Employees: 2,358 · Website ↗
Analyst Consensus
Strong BuyWall Street consensus estimates — not a PMP forecast · Updated Sep 21, 2026
Insider Transactions
Recent SEC Form 4 filings
- SellOpen market sale · filed 2026-08-14-2000 sh2026-08-12
- SellOption exercise · filed 2026-08-04-1401 sh2026-08-01
- SellTax withholding · filed 2026-08-04-634 sh2026-08-01
- BuyOption exercise · filed 2026-08-04+1.4K sh2026-08-01
- SellOption exercise · filed 2026-08-04-2335 sh2026-08-01
+3 more recent filings
Key Metrics
Financial snapshot — pillar inputs plus per-share and market context
Valuation
54CP/E (TTM)65.0xD
Grade D: Exp.Price / TTM EPS (own statements) — vs own 5Y history: 41.5x–118.0x · 37th pct
P/FCF24.2xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield3.3%C
Grade C: LowTTM FCF / Market Cap — vs own 5Y history: -22.3%–5.3% · 86th pct
P/S (TTM)6.06xC
Grade C: Exp.Price / TTM Revenue (own statements) — vs own 5Y history: 1.8x–52.6x · 55th pct
EV/EBITDA44.5xD
Grade D: Exp.Enterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales7.5xC
Grade C: Exp.Enterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E40.6xD
Grade D: Exp.Price / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio6.36xC
Grade C: Exp.Price to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
49D+ROIC12.6%C
Grade C: AvgNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE10.1%C
Grade C: AvgReturn on Equity. Neg. equity = heavy buybacks
ROA14.5%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin9.6%C
Grade C: AvgNet Income / Revenue
Operating Margin8.3%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin8.3%D
Grade D: LowGross Profit / Revenue
FCF Margin19.8%A
Grade A: HighFCF / Revenue
True FCF Margin12.2%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Financial Health
63BAltman Z-Score1.61D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio4.16xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio4.16xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage0.8xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity1.79xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Growth
50CRevenue CAGR38.7%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Forward Growth60.3%A
Grade A: HighImplied 1Y EPS growth from forward P/E vs our TTM EPS. Sparse — only where forward estimates exist
Dilution (5Y)+182.6%D
Grade D: DilutiveShare count change over 5Y
SBC / Net Income79.2%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue7.6%C
Grade C: MedTTM stock-based comp / TTM Revenue
Quality
4/5 Loss Years40D+Piotroski F-Score6/9C
Grade C: AvgFinancial strength 0–9. >7 Strong
Beneish M-Score2.20D
Grade D: RiskyEarnings manipulation risk. < -2.22 Safe
FCF Conversion205.8%A
Grade A: StrongFCF / Net Income
Margin Stability30.1%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue5.6%C
Grade C: AvgTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.27xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Per Share
EPS (TTM)$1.10
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$4.83
Cash & short-term investments per share (Finnhub)
Book Value / Share$16.26
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.$1.72B
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity$3.78B
Shareholders' equity (book value)
Asset / Liability1.40xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$24.08B
Current Market Capitalization
Beta3.80D
Grade D: H.VolPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
Takeaway
Slabý FCF výnos na úrovni 3,3 % v kombinácii s rizikovým Altman Z-skóre (1,61) robí z AFRM vysoko špekulatívnu investíciu s neatraktívnym pomerom rizika a výnosu.
Company is effectively debt-free after netting cash. · Current P/E of 65.0x sits at the 37th percentile of its historical range.
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Mar 2026 · Ratio snapshot Sep 22, 2026
Key Insights: Affirm Holdings, Inc. Class A Common Stock (AFRM)
Composite verdict for Affirm Holdings, Inc. Class A Common Stock: Slabý FCF výnos na úrovni 3,3 % v kombinácii s rizikovým Altman Z-skóre (1,61) robí z AFRM vysoko špekulatívnu investíciu s neatraktívnym pomerom rizika a výnosu.. Piotroski F-Score of 6/9 indicates mixed fundamentals for Affirm Holdings, Inc. Class A Common Stock. Altman Z-Score of 1.61 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of 2.20 is above the −1.78 flag threshold, a signal that reported earnings warrant closer scrutiny. Revenue has compounded at roughly 39% annually — a strong growth profile.
- Affirm Holdings, Inc. Class A Common Stock converts about 20% of revenue into free cash flow — strong cash generation.
- Company is effectively debt-free after netting cash.
- Interest coverage of 0.8× leaves little room for earnings shocks.
- Affirm Holdings, Inc. Class A Common Stock posted a net loss in 4 of 5 available completed fiscal years (2021–2025).
See how AFRM ranks on the Capex Tracker — top 50 capital spenders compared.
No significant market moves for AFRM in the last 30 days.
See AFRM move history →Frequently Asked Questions about AFRM
Is AFRM stock a buy right now?
PreMarketPrice's quantitative model rates Affirm Holdings, Inc. Class A Common Stock's financial health at 63/100 — Slabý FCF výnos na úrovni 3,3 % v kombinácii s rizikovým Altman Z-skóre (1,61) robí z AFRM vysoko špekulatívnu investíciu s neatraktívnym pomerom rizika a výnosu.. This is a data-driven snapshot of fundamentals, not investment advice.
Is AFRM stock overvalued?
Affirm Holdings, Inc. Class A Common Stock trades at a trailing P/E of 65.0 and our valuation score rates it 54/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Affirm Holdings, Inc. Class A Common Stock report earnings?
No confirmed earnings date is currently scheduled for AFRM. The Earnings section lists recent reports and updates as dates are announced.
What sector does Affirm Holdings, Inc. Class A Common Stock operate in?
Affirm Holdings, Inc. Class A Common Stock operates in the Financial Services sector, within the Personal Credit Institutions industry. The Related Stocks section lists sector peers for comparison.
What does Affirm Holdings, Inc. Class A Common Stock do?
Founded in 2012, Affirm is a market leader in the buy now, pay later space with around $36 billion in transaction volume in fiscal 2025.
About Affirm Holdings, Inc. Class A Common Stock (AFRM) Stock
Affirm Holdings, Inc. Class A Common Stock (AFRM) is a US-listed stock operating in the Financial Services sector, specifically the Personal Credit Institutions industry. Real-time pricing data for Affirm Holdings, Inc. Class A Common Stock is available on this page with a market capitalization of $24.1 billion. The financial health score for AFRM is 63/100, which indicates good financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for AFRM stock.
AFRM Stock Analysis & Key Metrics
On PreMarketPrice, you can track Affirm Holdings, Inc. Class A Common Stock (AFRM) across multiple dimensions:
- Pre-market price & movement: Real-time AFRM stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for AFRM with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Affirm Holdings, Inc. Class A Common Stock across multiple reporting periods.
- Financial health score: A composite score of 63/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for AFRM.
- Sector peers: Compare AFRM against 10 other financial services stocks on key financial metrics.
Is AFRM a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Affirm Holdings, Inc. Class A Common Stock (AFRM) as an investment. The financial health score of 63/100 suggests good financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Affirm Holdings, Inc. Class A Common Stock (AFRM) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.