$AFRM (+3,63%) | Affirm Q1 Earnings Highlights:
๐น Revenue: $698M (Est. $664M) ๐ข; UP +41% YoY
๐น EPS: -$0.31 (Est. -$0.45) ๐ข
๐น GMV: $7.6B; UP +35% YoY
๐น RLTC: $285M; Maintains 3.8% margin relative to GMV
Guidance:
๐น Q2 Revenue: $770M-$810M (Est. $785M) ๐ข
๐น FY25 Revenue: $3.04B (Est. $3.02B) ๐ข
Key Operational Metrics:
๐น Adj Operating Income: $130M; margin of 18.6%
๐น Active Consumers: 19.5M; UP +21% YoY
๐น Active Consumers: 19.5M; UP +21% YoY
๐น Transactions per Active Consumer: 5.1 vs. 4.1 YoY
๐น Active Merchants: 323,000; UP +21% YoY
๐น Total Transactions: 27.2M vs. 18.8M in Q1 FY2024
Credit Performance:
๐น Delinquency Rates: Slight increases in 30+, 60+, and 90+ day categories due to credit seasonality and expanded loan approvals
Strategic Highlights and Initiatives:
๐ธ Affirm Card Growth: Over 1.4M active cardholders; GMV per user exceeding $3,000
๐ธ Product Expansion: Launched in the UK, integrated with Apple Pay, and expanded partnerships with Shopify and WooCommerce
๐ธ Funding Capacity: Increased to $16.8B; Authorized convertible debt repurchase of up to $500M for 2025
CEO Max Levchinโs Commentary:
๐ธ "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."