Keuangan Affirm Holdings, Inc. (AFRM)
NASDAQ · Financial Services · Financial - Credit Services · Karyawan: 2.358 · CEO: Max Rafailovych Levchin
- Harga
- $73,47 -1,83%
- Kapitalisasi pasar
- $21,9 M
- Nilai perusahaan
- $29,3 M
- Laporan terakhir
- Q4 '26 diajukan 2026-08-27
- Laporan berikutnya
- 2026-11-05
Pendapatan (TTM)$4,18 M+29,8% vs tahun lalu4 kuartal terakhir; batang = tiap kuartal
Margin operasional (TTM)15,5%+18,2 poin vs tahun laluLaba operasional: $649 jt
Laba bersih (TTM)$1,93 M+3.597,9% vs tahun laluSetelah pajak, termasuk keuntungan non-operasional
Arus kas bebas (TTM)$993 jt+65,0% vs tahun laluCapex: $238 jt
EPS dilusian (TTM)$5,52+4.209,1% vs tahun laluJumlah 4 kuartal terakhir
Kas neto-$6,74 M-19,8% vs tahun laluKas + investasi jangka pendek - utang
Valuasi & angka utama
- Kapitalisasi pasar
- $21,9 M EV $29,3 M
- Pendapatan
- $4,18 M 12 bulan terakhir
- Pertumbuhan pendapatan
- +39% Konsensus FY2027
- Margin laba
- 46,1% Laba bersih / pendapatan, TTM
- P/E
- 12,9× Forward 36,8× (FY2027)
- P/S
- 5,2× Harga / penjualan, TTM
- EV / EBITDA
- 23,5× TTM
- Arus kas bebas
- $993 jt 12 bulan terakhir
- Laba bersih
- $1,93 M 12 bulan terakhir
- Estimasi pendapatan
- $5,5 M Konsensus FY2027
- Laba
- 2026-11-05
- Dividen
- – Tanpa dividen
Poin-poin utama
Dihitung dari angka yang dilaporkan - setiap pernyataan menyertakan angka yang mendasarinya.
- Pertumbuhan pendapatan melambat: 24,3% yoyPendapatan Q4 '26: $1,09 M, rata-rata empat kuartal sebelumnya: 32,2%.
- Margin operasional 15,5% (TTM), dibanding tahun lalu: +18,2 poinLaba operasional tumbuh 843,4%, pendapatan tumbuh 29,8%.
- 31,7% dari laba sebelum pajak tergerus kerugian non-operasionalLaba sebelum pajak $493 jt vs laba operasional $649 jt (TTM). Kerugian dari kepemilikan saham dan pos sekali-pakai lainnya menekan laba bersih dan EPS - laba operasional adalah ukuran bisnis yang lebih bersih.
- Capex: 5,7% dari pendapatan (tahun lalu 6,0%)$238 jt diinvestasikan dalam 4 kuartal terakhir (+24,0% dibanding tahun sebelumnya). Arus kas bebas: $993 jt = 51,5% dari laba bersih.
- $112 jt dikembalikan ke pemegang saham = 11,3% dari arus kas bebasBuyback: $112 jt (tahun lalu $0), dividen: $0, kompensasi saham: $164 jt (TTM).
- Jumlah saham dilusian naik dalam setahun: 2,1%Saham dilusian pada Q4 '26: 350 jt, setahun sebelumnya: 343 jt.
- Utang neto: $6,74 MKas + investasi jangka pendek: $3,08 M, utang termasuk sewa: $9,82 M; tahun lalu utang neto: $5,63 M.
Kuartal terakhir: Q4 '26
Kuartal berakhir 2026-06-30. Dibandingkan dengan kuartal yang sama tahun lalu dan konsensus analis sebelum laporan.
Kuartal vs tahun lalu
| Q4 '26 | Tahun lalu | Perubahan | |
|---|---|---|---|
| Pendapatan | $1,09 M | $876 jt | +24,3% |
| Margin kotor | 69,4% | 67,7% | +1,7 poin |
| Laba operasional | $265 jt | $58,1 jt | +356,9% |
| Margin operasional | 24,3% | 6,6% | +17,7 poin |
| Laba bersih | $1,62 M | $69,2 jt | +2.234,7% |
| EPS dilusian | $4,62 | $0,20 | +2.210,0% |
| Arus kas operasional | $296 jt | $74,6 jt | +297,1% |
| Capex | $66,9 jt | $51,1 jt | +30,8% |
| Arus kas bebas | $229 jt | $23,5 jt | +875,9% |
| R&D | $0 | $0 | – |
| Kompensasi berbasis saham | $0 | $65,5 jt | -100,0% |
Pendapatan
Dari mana uang berasal - menurut lini bisnis dan wilayah, kuartal demi kuartal.
Pendapatan, laba operasional, dan pertumbuhan
kuartalanPendapatan per lini bisnis
bertumpuk, kuartalan| Segmen | Q4 '26 | yoy | Porsi | TTM | TTM yoy | 12 kuartal |
|---|---|---|---|---|---|---|
| Interest income | – | – | – | – | – | |
| Merchant network revenue | – | – | – | – | – | |
| Merchant Network | $302 jt | +26,3% | 78,0% | – | – | |
| Gain on sales of loans | – | – | – | – | – | |
| Virtual Card Network | $85,2 jt | +26,9% | 22,0% | – | – | |
| Card network revenue | – | – | – | – | – | |
| Servicing income | – | – | – | – | – |
Pendapatan per wilayah
porsi dari total| Segmen | Q4 '26 | yoy | Porsi | TTM | TTM yoy | 12 kuartal |
|---|---|---|---|---|---|---|
| United States | $390 jt | +11,4% | 97,7% | $1,44 M | +31,5% | |
| CANADA | $9,12 jt | -13,3% | 2,3% | $44,7 jt | +40,9% | |
| Other Geographical | $48 rb | – | 0,0% | $178 rb | – |
Margin & struktur biaya
Berapa bagian dari setiap unit pendapatan yang tersisa di tiap tingkat - dan ke mana biaya mengalir.
Margin
kuartalanBiaya sebagai % pendapatan
kuartalanArus kas & alokasi modal
Kas yang dihasilkan, untuk apa kas itu digunakan, dan apa yang sampai ke pemegang saham.
Arus kas operasional, capex, arus kas bebas
kuartalanPenggunaan kas vs arus kas operasional
tahun fiskal4 kuartal terakhir
laporan arus kas- Arus kas operasional
- $1,23 M
- Capex
- -$238 jt
- Buyback
- -$112 jt
- Dividen
- $0
- Akuisisi
- $0
- Utang neto diterbitkan
- $2,15 M
- Kompensasi berbasis saham
- $164 jt
- Arus kas bebas
- $993 jt
- Dikembalikan ke pemegang saham / FCF
- 11,3%
Jumlah saham dan EPS
kuartalan, dilusianNeraca
Likuiditas, investasi, dan utang pada akhir setiap kuartal.
Kas, investasi, dan utang
akhir kuartalValuasi & imbal hasil
Multiple saat ini dibandingkan lima tahun fiskal terakhir perusahaan itu sendiri; target dan peringkat analis.
Multiple dan imbal hasil
TTM vs 5 tahun fiskal| Sekarang | Rata-rata 5 th | Posisi saat ini dalam rentang 5 tahun | |
|---|---|---|---|
| P/E (TTM) | 12,9× | 223,1× 2 dari 5 tahun | 14,2× – 432,1× |
| EV / EBITDA | 23,5× | 34,1× 2 dari 5 tahun | 27,8× – 40,5× |
| EV / Penjualan | 7,0× | 7,2× | 5,7× – 8,9× |
| Harga / FCF | 22,1× | 32,1× 3 dari 5 tahun | 27,5× – 37,1× |
| Harga / Nilai buku | 4,5× | 3,9× | 1,8× – 7,3× |
| Imbal hasil FCF | 4,5% | 0,3% | -5,4% – 3,6% |
| Imbal hasil modal yang diinvestasikan | 11,6% | -3,8% | -14,8% – 15,6% |
| Imbal hasil ekuitas | 47,9% | -9,6% | -38,9% – 35,2% |
Analis
Target konsensus $95,50 (+30,0%)
rentang $75,00 – $115,00 · peringkat Buy
Beli kuat0
Beli28
Tahan10
Jual0
Jual kuat0
Prospek
Konsensus analis untuk tahun fiskal mendatang dan implikasinya pada harga saat ini.
Estimasi konsensus
| Tahun fiskal | Pendapatan | Pertumbuhan | EPS | Pertumbuhan | P/E pada harga saat ini | Analis (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $5,5 M | +39,2% | $2,00 | -63,9% | 36,8× | 16 |
| FY2028 | $6,86 M | +24,7% | $2,91 | +45,6% | 25,3× | 14 |
| FY2029 | $8,5 M | +24,1% | $3,93 | +35,4% | 18,7× | 15 |
| FY2030 | $11,4 M | +33,5% | $5,56 | +41,4% | 13,2× | 6 |
Laporan keuangan
Setiap baris laporan laba rugi, neraca, dan laporan arus kas - 12 kuartal dan 10 tahun fiskal, sebagai nilai, % pendapatan, atau pertumbuhan.
Semua pos yang dilaporkan
Semua 315 angka yang ditandai Affirm Holdings, Inc. dalam laporan 10-Q / 10-K terbarunya, dengan label dan definisi resmi SEC - termasuk catatan (sewa, pajak, buyback, karyawan, ...).
| Pos (label SEC) | Kuartal terakhir | Tahun lalu | yoy | FY terakhir | FY sebelumnya | yoy |
|---|---|---|---|---|---|---|
| – | – | – | $910 rb | – | – | |
| – | – | – | $2,38 jt | – | – | |
| – | – | – | $3,33 jt | – | – | |
| Accounts Payable | $84,6 jt | $82,8 jt | +2,2% | $84,6 jt | $82,8 jt | +2,2% |
| Accounts Receivable, after Allowance for Credit Loss | $284 jt | $426 jt | -33,3% | $284 jt | $426 jt | -33,3% |
| Accounts Receivable, Allowance for Credit Loss | $22,7 jt | $18,8 jt | +20,7% | $22,7 jt | $18,8 jt | +20,7% |
| Accrued Liabilities | $119 jt | $72,8 jt | +63,1% | $119 jt | $72,8 jt | +63,1% |
| Accrued Liabilities and Other Liabilities | $199 jt | $157 jt | +26,8% | $199 jt | $157 jt | +26,8% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $717 jt | $455 jt | +57,4% | $717 jt | $455 jt | +57,4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$36,4 jt | -$15,1 jt | -141,3% | -$36,4 jt | -$15,1 jt | -141,3% |
| Additional Paid in Capital | $6,65 M | $6,14 M | +8,2% | $6,65 M | $6,14 M | +8,2% |
| Adjustments to Additional Paid in Capital, Warrant Issued | $40,5 jt2026-03-31 | $36,1 jt | +12,3% | $192 jt | $272 jt | -29,2% |
| Advertising Expense | – | – | – | $40,8 jt | $30,8 jt | +32,5% |
| Amortization of Debt Issuance Costs | $7,43 jt | $7,09 jt | +4,8% | $28,2 jt | $30,4 jt | -7,1% |
| Amortization of Intangible Assets | $200 rb | $0 | – | $200 rb | $1,3 jt | -84,6% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | -3,65 jt | -32,4 jt | +88,7% | 9,79 jt | 9,03 jt | +8,5% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $115 jt2026-03-31 | $120 jt | -3,7% | $485 jt | $500 jt | -3,1% |
| Assets | $15,8 M | $11,2 M | +41,6% | $15,8 M | $11,2 M | +41,6% |
| Assets Sold under Agreements to Repurchase, Carrying Amount | $10 M | $7,8 M | +28,2% | $10 M | $7,8 M | +28,2% |
| Assets Sold under Agreements to Repurchase, Repurchase Liability | $6,3 jt | $8,7 jt | -27,6% | $6,3 jt | $8,7 jt | -27,6% |
| Assets, Fair Value Disclosure | $1,28 M | $1,01 M | +26,5% | $1,28 M | $1,01 M | +26,5% |
| Cash and Cash Equivalents, at Carrying Value | $1,63 M | $1,35 M | +20,3% | $1,63 M | $1,35 M | +20,3% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $800 rb | – | – | $1,5 jt | -$300 rb | +600,0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2,43 M | $1,76 M | +38,5% | $2,43 M | $1,76 M | +38,5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$41,3 jt | $20,5 jt | -301,6% | $677 jt | $461 jt | +46,8% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $68,75 | $81,08 | -15,2% | $68,75 | $81,08 | -15,2% |
| Class of Warrant or Right, Outstanding | 18,5 jt | 18,5 jt | 0,0% | 18,5 jt | 18,5 jt | 0,0% |
| Common Stock, Capital Shares Reserved for Future Issuance | 89 jt | 93 jt | -4,3% | 89 jt | 93 jt | -4,3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1,6 M | $98,7 jt | +1.525,3% | $1,91 M | $58,7 jt | +3.152,3% |
| Continuing Involvement with Transferred Financial Assets, Principal Amount Outstanding | $10 M | $7,8 M | +28,2% | $10 M | $7,8 M | +28,2% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $88 jt | $76,9 jt | +14,4% | $88 jt | $76,9 jt | +14,4% |
| Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset | $46,1 jt | $33,9 jt | +36,0% | $173 jt | $121 jt | +43,5% |
| Convertible Debt | $1,13 M | $1,15 M | -2,0% | $1,13 M | $1,15 M | -2,0% |
| Costs and Expenses | $1,02 M | $818 jt | +24,5% | $3,84 M | $3,31 M | +16,1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $241 rb | $1,57 jt | -84,6% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $4,64 jt | $425 rb | +992,5% |
| Current Income Tax Expense (Benefit) | – | – | – | $18,2 jt | $2,17 jt | +738,0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $13,3 jt | $176 rb | +7.437,5% |
| Debt Issuance Costs, Net | $56,3 jt | $49,6 jt | +13,6% | $56,3 jt | $49,6 jt | +13,6% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $1,85 jt | $1,47 jt | +26,2% | $1,85 jt | $1,47 jt | +26,2% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $1,76 jt | $217 rb | +712,0% | $1,76 jt | $217 rb | +712,0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $0 | $17 jt | -100,0% | $0 | $17 jt | -100,0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $0 | $14 rb | -100,0% | $0 | $14 rb | -100,0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $688 jt | $338 jt | +103,7% | $688 jt | $338 jt | +103,7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $1,68 jt | $161 rb | +945,3% | $1,68 jt | $161 rb | +945,3% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost | $325 jt | $219 jt | +48,2% | $325 jt | $219 jt | +48,2% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value | $325 jt | $219 jt | +48,4% | $325 jt | $219 jt | +48,4% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost | $680 jt | $673 jt | +1,0% | $680 jt | $673 jt | +1,0% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value | $680 jt | $674 jt | +0,9% | $680 jt | $674 jt | +0,9% |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | $02026-03-31 | – | – | – | – | – |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $688 jt | $355 jt | +93,9% | $688 jt | $355 jt | +93,9% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $1,68 jt | $175 rb | +861,7% | $1,68 jt | $175 rb | +861,7% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 181 security | 67 security | +170,1% | 181 security | 67 security | +170,1% |
| DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest | $218 rb | $941 rb | -76,8% | $218 rb | $941 rb | -76,8% |
| DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss | $1 M | $892 jt | +12,6% | $1 M | $892 jt | +12,6% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $1 M | $892 jt | +12,6% | $1 M | $892 jt | +12,6% |
| Decrease in Unrecognized Tax Benefits is Reasonably Possible | – | – | – | $02025-06-30 | $0 | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$1,02 M | $139 rb | -732.861,2% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $4,78 jt | $7,19 jt | -33,5% |
| Deferred Income Tax Assets, Net | $1,47 M | $13,9 jt | +10.432,2% | $1,47 M | $13,9 jt | +10.432,2% |
Sumber: SEC companyfacts (XBRL setiap 10-Q / 10-K). Kuartal arus kas dihitung dari angka kumulatif tahun berjalan yang ditandai dalam 10-Q. Rincian segmen ditandai dengan dimensi dan ditampilkan di bagian segmen.
Sumber
Laporan keuangan, pendapatan segmen, metrik, dan estimasi distandardisasi dari laporan perusahaan. Laba segmen dan setiap pos yang dilaporkan: SEC EDGAR (XBRL). Laporan yang dibaca: 10-K 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-K 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30, 10-K 2024-06-30
Data per 2026-11-02