AFFIRM HOLDINGS INC (AFRM) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:AFRM • US00827B1061

61.66 USD
-0.33 (-0.53%)
At close: Feb 3, 2026
61.9 USD
+0.24 (+0.39%)
Pre-Market: 2/4/2026, 8:27:43 AM
Fundamental Rating

4

Taking everything into account, AFRM scores 4 out of 10 in our fundamental rating. AFRM was compared to 97 industry peers in the Financial Services industry. Both the profitability and the financial health of AFRM get a neutral evaluation. Nothing too spectacular is happening here. AFRM shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year AFRM was profitable.
  • AFRM had a positive operating cash flow in the past year.
  • In the past 5 years AFRM reported 4 times negative net income.
  • The reported operating cash flow has been mixed in the past 5 years: AFRM reported negative operating cash flow in multiple years.
AFRM Yearly Net Income VS EBIT VS OCF VS FCFAFRM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 2025 0 500M -500M

1.2 Ratios

  • AFRM has a better Return On Assets (2.03%) than 61.86% of its industry peers.
  • AFRM has a Return On Equity (7.07%) which is comparable to the rest of the industry.
  • Looking at the Return On Invested Capital, with a value of 4.13%, AFRM is in line with its industry, outperforming 57.73% of the companies in the same industry.
Industry RankSector Rank
ROA 2.03%
ROE 7.07%
ROIC 4.13%
ROA(3y)-5.68%
ROA(5y)-7.25%
ROE(3y)-18.71%
ROE(5y)-20.05%
ROIC(3y)N/A
ROIC(5y)N/A
AFRM Yearly ROA, ROE, ROICAFRM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 2025 0 -10 -20 -30

1.3 Margins

  • Looking at the Profit Margin, with a value of 6.74%, AFRM is in line with its industry, outperforming 45.36% of the companies in the same industry.
  • AFRM has a Operating Margin (15.62%) which is comparable to the rest of the industry.
  • The Gross Margin of AFRM (92.50%) is better than 93.81% of its industry peers.
  • AFRM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 15.62%
PM (TTM) 6.74%
GM 92.5%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.9%
GM growth 5Y6.25%
AFRM Yearly Profit, Operating, Gross MarginsAFRM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 50 -50

More info and screens

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AFRM is destroying value.
  • The number of shares outstanding for AFRM has been increased compared to 1 year ago.
  • Compared to 5 years ago, AFRM has more shares outstanding
  • The debt/assets ratio for AFRM is higher compared to a year ago.
AFRM Yearly Shares OutstandingAFRM Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
AFRM Yearly Total Debt VS Total AssetsAFRM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 1.73, we must say that AFRM is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.73, AFRM is in the better half of the industry, outperforming 73.20% of the companies in the same industry.
  • AFRM has a debt to FCF ratio of 10.06. This is a negative value and a sign of low solvency as AFRM would need 10.06 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 10.06, AFRM perfoms like the industry average, outperforming 45.36% of the companies in the same industry.
  • A Debt/Equity ratio of 2.35 is on the high side and indicates that AFRM has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 2.35, AFRM is doing worse than 70.10% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.35
Debt/FCF 10.06
Altman-Z 1.73
ROIC/WACC0.49
WACC8.41%
AFRM Yearly LT Debt VS Equity VS FCFAFRM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 4.58 indicates that AFRM has no problem at all paying its short term obligations.
  • AFRM has a Current ratio of 4.58. This is amongst the best in the industry. AFRM outperforms 90.72% of its industry peers.
  • A Quick Ratio of 4.58 indicates that AFRM has no problem at all paying its short term obligations.
  • AFRM's Quick ratio of 4.58 is amongst the best of the industry. AFRM outperforms 90.72% of its industry peers.
Industry RankSector Rank
Current Ratio 4.58
Quick Ratio 4.58
AFRM Yearly Current Assets VS Current LiabilitesAFRM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

More info and screens

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 147.18% over the past year.
  • AFRM shows a strong growth in Revenue. In the last year, the Revenue has grown by 37.00%.
  • AFRM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 44.63% yearly.
EPS 1Y (TTM)147.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%174.19%
Revenue 1Y (TTM)37%
Revenue growth 3Y33.69%
Revenue growth 5Y44.63%
Sales Q2Q%33.62%

3.2 Future

  • AFRM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 102.22% yearly.
  • AFRM is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 23.05% yearly.
EPS Next Y652.12%
EPS Next 2Y256.93%
EPS Next 3Y168.44%
EPS Next 5Y102.22%
Revenue Next Year27.52%
Revenue Next 2Y26.25%
Revenue Next 3Y25.95%
Revenue Next 5Y23.05%

3.3 Evolution

  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
AFRM Yearly Revenue VS EstimatesAFRM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2B 4B 6B 8B 10B
AFRM Yearly EPS VS EstimatesAFRM Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 2 -2 4 6 8

More info and screens

3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 92.03, AFRM can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, AFRM is valued a bit more expensive than 74.23% of the companies in the same industry.
  • AFRM is valuated expensively when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 37.23, AFRM can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, AFRM is valued a bit more expensive than 77.32% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.51, AFRM is valued a bit more expensive.
Industry RankSector Rank
PE 92.03
Fwd PE 37.23
AFRM Price Earnings VS Forward Price EarningsAFRM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • AFRM's Enterprise Value to EBITDA is on the same level as the industry average.
  • AFRM's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 26.46
EV/EBITDA 34
AFRM Per share dataAFRM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • AFRM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • AFRM's earnings are expected to grow with 168.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y256.93%
EPS Next 3Y168.44%

More info and screens

0

5. Dividend

5.1 Amount

  • AFRM does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

AFFIRM HOLDINGS INC

NASDAQ:AFRM (2/3/2026, 8:00:00 PM)

Premarket: 61.9 +0.24 (+0.39%)

61.66

-0.33 (-0.53%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)11-06
Earnings (Next)02-05
Inst Owners82.96%
Inst Owner Change-1.3%
Ins Owners0.94%
Ins Owner Change-0.17%
Market Cap20.35B
Revenue(TTM)3.46B
Net Income(TTM)233.10M
Analysts78.82
Price Target95.91 (55.55%)
Short Float %5.73%
Short Ratio3.13
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)97.23%
Min EPS beat(2)83.96%
Max EPS beat(2)110.5%
EPS beat(4)4
Avg EPS beat(4)144.46%
Min EPS beat(4)83.96%
Max EPS beat(4)249.78%
EPS beat(8)8
Avg EPS beat(8)90.83%
EPS beat(12)11
Avg EPS beat(12)65.35%
EPS beat(16)12
Avg EPS beat(16)48.68%
Revenue beat(2)2
Avg Revenue beat(2)2.96%
Min Revenue beat(2)2.65%
Max Revenue beat(2)3.27%
Revenue beat(4)3
Avg Revenue beat(4)2.3%
Min Revenue beat(4)-1.95%
Max Revenue beat(4)5.23%
Revenue beat(8)7
Avg Revenue beat(8)4.11%
Revenue beat(12)10
Avg Revenue beat(12)3.76%
Revenue beat(16)13
Avg Revenue beat(16)3.32%
PT rev (1m)-0.14%
PT rev (3m)-1.45%
EPS NQ rev (1m)-1.18%
EPS NQ rev (3m)17.59%
EPS NY rev (1m)-1.2%
EPS NY rev (3m)13.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.47%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)1.67%
Valuation
Industry RankSector Rank
PE 92.03
Fwd PE 37.23
P/S 5.88
P/FCF 26.46
P/OCF 20.95
P/B 6.17
P/tB 7.38
EV/EBITDA 34
EPS(TTM)0.67
EY1.09%
EPS(NY)1.66
Fwd EY2.69%
FCF(TTM)2.33
FCFY3.78%
OCF(TTM)2.94
OCFY4.77%
SpS10.48
BVpS9.99
TBVpS8.35
PEG (NY)0.14
PEG (5Y)N/A
Graham Number12.27
Profitability
Industry RankSector Rank
ROA 2.03%
ROE 7.07%
ROCE 4.87%
ROIC 4.13%
ROICexc 4.75%
ROICexgc 5.13%
OM 15.62%
PM (TTM) 6.74%
GM 92.5%
FCFM 22.24%
ROA(3y)-5.68%
ROA(5y)-7.25%
ROE(3y)-18.71%
ROE(5y)-20.05%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.9%
GM growth 5Y6.25%
F-Score9
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 2.35
Debt/FCF 10.06
Debt/EBITDA 9.87
Cap/Depr 83.06%
Cap/Sales 5.85%
Interest Coverage 1.32
Cash Conversion 123.92%
Profit Quality 329.99%
Current Ratio 4.58
Quick Ratio 4.58
Altman-Z 1.73
F-Score9
WACC8.41%
ROIC/WACC0.49
Cap/Depr(3y)89.78%
Cap/Depr(5y)116.51%
Cap/Sales(3y)6.81%
Cap/Sales(5y)6.21%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)147.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%174.19%
EPS Next Y652.12%
EPS Next 2Y256.93%
EPS Next 3Y168.44%
EPS Next 5Y102.22%
Revenue 1Y (TTM)37%
Revenue growth 3Y33.69%
Revenue growth 5Y44.63%
Sales Q2Q%33.62%
Revenue Next Year27.52%
Revenue Next 2Y26.25%
Revenue Next 3Y25.95%
Revenue Next 5Y23.05%
EBIT growth 1Y440.51%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1313.6%
EBIT Next 3Y178.63%
EBIT Next 5Y92.99%
FCF growth 1Y1273.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1522.93%
OCF growth 3YN/A
OCF growth 5YN/A

AFFIRM HOLDINGS INC / AFRM FAQ

What is the ChartMill fundamental rating of AFFIRM HOLDINGS INC (AFRM) stock?

ChartMill assigns a fundamental rating of 4 / 10 to AFRM.


Can you provide the valuation status for AFFIRM HOLDINGS INC?

ChartMill assigns a valuation rating of 3 / 10 to AFFIRM HOLDINGS INC (AFRM). This can be considered as Overvalued.


How profitable is AFFIRM HOLDINGS INC (AFRM) stock?

AFFIRM HOLDINGS INC (AFRM) has a profitability rating of 4 / 10.


How financially healthy is AFFIRM HOLDINGS INC?

The financial health rating of AFFIRM HOLDINGS INC (AFRM) is 4 / 10.