Naughty and Nice ER Review: AFRM

Best Penguin Ever: Danny Devito.

All Lists and Rankings to be Updated Eventually.

AFFIRM Holdings - Buy Now/Pay Later

AFRM last Reported with FQ3 2022 on May 12:…

  • Total revenue was $354.8 million, a 54% increase, driven by continued GMV and merchant network revenue growth, higher interest income related to mix shift towards shorter term loans with greater relative loan discount, greater gains on sales of loans due to higher loan sale volume, and greater servicing income as the loan portfolio held by third-parties scaled: ATTA BOY!

  • Raises Outlook for Fiscal Year 2022: ATTA BOY!

  • Total revenue less transaction costs increased 37% to $182.4 million, primarily as a result of strong revenue growth, funding cost efficiencies, and a decrease in loss on loan purchase commitment, offset by increased provision for credit losses: ATTA BOY!

  • Operating loss was $226.6 million compared to $209.3 million in the third quarter of fiscal 2021 driven by continued investment in sales and marketing, which includes $102.4 million of expense related to warrants granted to Amazon in November 2021: OH POOP!

  • Adjusted operating income was $4.0 million, compared to adjusted operating income of $4.9 million for the third quarter of fiscal 2021: OH POOP!

  • Gross Merchandise Volume (GMV) Increases 73% to $3.9 billion: ATTA BOY!

  • Network Continues to Rapidly Scale with Active Merchants Increasing from 12,000 to 207,000 and Active Consumers Growing by 137% Year over Year to 12.7 million: ATTA BOY!

  • We are especially proud of the re-engagement we are driving with consumers as 81% of our transactions were from repeat Affirm users. This represents our highest repeat transaction rate we have ever reported.” ATTA BOY!

  • Total transactions grew to 10.5 million, an increase of 162%: ATTA BOY!

  • Affirm announced today a multi-year extension of its partnership in the U.S. with Shopify: ATTA BOY!

  • Affirm entered into a strategic partnership with Stripe that will make Affirm’s Adaptive Checkout™ available to all Stripe users in the U.S., unlocking streamlined distribution to millions of merchants and consumers: ATTA BOY!

  • The Company saw GMV growth accelerate in categories with pent-up demand, such as Travel and Ticketing, which grew by 122% from the third quarter of fiscal 2021, and 50% on a sequential basis from the second quarter of fiscal 2022: ATTA BOY!

  • Market Reaction to Report:… ATTA BOY!


LIST and RANKING Assignment: NICE #4 (Pushes APP to NICE #5

All the Best,

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