$AFRM (-7.21%) | Affirm Q1 Earnings Highlights:

🔹 Revenue: $698M (Est. $664M) 🟢; UP +41% YoY

🔹 EPS: -$0.31 (Est. -$0.45) 🟢

🔹 GMV: $7.6B; UP +35% YoY

🔹 RLTC: $285M; Maintains 3.8% margin relative to GMV

Guidance:

🔹 Q2 Revenue: $770M-$810M (Est. $785M) 🟢

🔹 FY25 Revenue: $3.04B (Est. $3.02B) 🟢

Key Operational Metrics:

🔹 Adj Operating Income: $130M; margin of 18.6%

🔹 Active Consumers: 19.5M; UP +21% YoY

🔹 Active Consumers: 19.5M; UP +21% YoY

🔹 Transactions per Active Consumer: 5.1 vs. 4.1 YoY

🔹 Active Merchants: 323,000; UP +21% YoY

🔹 Total Transactions: 27.2M vs. 18.8M in Q1 FY2024

Credit Performance:

🔹 Delinquency Rates: Slight increases in 30+, 60+, and 90+ day categories due to credit seasonality and expanded loan approvals

Strategic Highlights and Initiatives:

🔸 Affirm Card Growth: Over 1.4M active cardholders; GMV per user exceeding $3,000

🔸 Product Expansion: Launched in the UK, integrated with Apple Pay, and expanded partnerships with Shopify and WooCommerce

🔸 Funding Capacity: Increased to $16.8B; Authorized convertible debt repurchase of up to $500M for 2025

CEO Max Levchin’s Commentary:

🔸 "Shop Pay Installments, powered by Affirm, has surpassed $10B in cumulative GMV. We're excited to deepen our joint initiatives with Shopify, including off-Shopify Shop Pay."