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Affirm (AFRM)

Affirm’s mission is to deliver honest financial products that improve lives. With that in mind, Affirm is building the next generation platform for digital and mobile-first commerce, making it easier for consumers to spend responsibly and with confidence, easier for merchants to convert sales and grow, and easier for commerce to thrive.

Company profile

Ticker
AFRM
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Affirm ABS LLC • Affirm Australia Pty Ltd • Affirm Canada Holdings Ltd. • Affirm Loan Asset Sales I LLC • Affirm Loan Asset Sales II LLC • Affirm Loan Services LLC • Affirm Opportunity Fund I LLC • Affirm Payments, LLC • Affirm U.K. Limited • Affirm, Inc. ...
IRS number
842224323

AFRM stock data

Calendar

29 Aug 22
1 Oct 22
30 Jun 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 22 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.55B 1.55B 1.55B 1.55B 1.55B 1.55B
Cash burn (monthly) 374.92M 11.82M 92.41M 83.87M 16.13M (no burn)
Cash used (since last report) 1.15B 36.15M 282.62M 256.5M 49.33M n/a
Cash remaining 404.17M 1.51B 1.27B 1.29B 1.5B n/a
Runway (months of cash) 1.1 128.2 13.7 15.4 93.1 n/a

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Sep 22 Libor Michalek Stock Option Class A Common Stock Grant Acquire A No No 22.3 204,750 4.57M 204,750
16 Sep 22 Libor Michalek RSU Class A Common Stock Grant Acquire A No No 0 112,107 0 112,107
16 Sep 22 Katherine Adkins Stock Option Class A Common Stock Grant Acquire A No No 22.3 122,850 2.74M 122,850
16 Sep 22 Katherine Adkins RSU Class A Common Stock Grant Acquire A No No 0 67,264 0 67,264
16 Sep 22 Michael Linford Stock Option Class A Common Stock Grant Acquire A No No 22.3 204,750 4.57M 204,750
16 Sep 22 Michael Linford RSU Class A Common Stock Grant Acquire A No No 0 112,107 0 112,107
1 Sep 22 Michael Linford Class A Common Stock Payment of exercise Dispose F No No 23.16 1,464 33.91K 66,701
1 Sep 22 Michael Linford Class A Common Stock Option exercise Acquire M No No 0 3,333 0 68,165
1 Sep 22 Michael Linford RSU Class A Common Stock Option exercise Dispose M No No 0 3,333 0 13,334
90.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 341 392 -13.0%
Opened positions 53 95 -44.2%
Closed positions 104 137 -24.1%
Increased positions 128 151 -15.2%
Reduced positions 74 65 +13.8%
13F shares Current Prev Q Change
Total value 6.17B 12.43B -50.4%
Total shares 206.37M 196.75M +4.9%
Total puts 11.4M 16.99M -32.9%
Total calls 10.73M 13.34M -19.6%
Total put/call ratio 1.1 1.3 -16.5%
Largest owners Shares Value Change
GIC Private 27.33M $887.38M +19.7%
Capital Research Global Investors 24.79M $447.77M -19.7%
SHOP Shopify 20.3M $2.04B 0.0%
Baillie Gifford & Co 18.69M $337.48M -8.8%
MS Morgan Stanley 16.66M $300.96M +58.6%
Vanguard 16.44M $296.87M -0.4%
TROW T. Rowe Price 11.35M $204.99M +14.1%
BLK Blackrock 8.46M $152.83M +63.3%
Jennison Associates 4.11M $74.18M +1.2%
STT State Street 3.57M $64.51M +96.6%
Largest transactions Shares Bought/sold Change
MS Morgan Stanley 16.66M +6.16M +58.6%
Capital Research Global Investors 24.79M -6.08M -19.7%
GIC Private 27.33M +4.5M +19.7%
BLK Blackrock 8.46M +3.28M +63.3%
Baillie Gifford & Co 18.69M -1.8M -8.8%
GS Goldman Sachs 902.24K -1.77M -66.2%
STT State Street 3.57M +1.76M +96.6%
Citadel Advisors 0 -1.46M EXIT
TROW T. Rowe Price 11.35M +1.4M +14.1%
VK Services 1.86M -1.26M -40.4%

Financial report summary

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Management Discussion
  • Total Revenue, net for the year ended June 30, 2022 increased by $478.8 million or 55%, compared to the year ended June 30, 2021. The increase is primarily due to an increase of $7.2 billion or 87% in GMV on our platform during the year, from $8.3 billion for the year ended June 30, 2021 to $15.5 billion for the year ended June 30, 2022. This increase in GMV was driven by the strong network effects of the expansion of our active merchant base from 28,995 as of June 30, 2021 to 234,847 as of June 30, 2022, an increase in active consumers from 7.1 million as of June 30, 2021 to 14.0 million as of June 30, 2022, and an increase in average transactions per consumer from 2.3 as of June 30, 2021 to 3.0 as of June 30, 2022.

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