#affirm
Financial analysis and earnings reports for Affirm Holdings, Inc. (AFRM)
Affirm Q1 FY2027 net income doubled to $164M on 35% revenue growth, while its credit-loss provision rose 59% and the allowance reached 6.3% of loans.
Affirm's fiscal Q4 2026 (ended June 30, 2026) posted $1.17 billion of revenue (+33%) and $14.1 billion of GMV (+36%), but the $4.62 GAAP EPS against a $0.85 consensus was driven by a roughly $1.5 billion non-cash valuation-allowance release — cash taxes paid were about $7 million. Full-year operating income turned positive at $417 million while the $9.0 billion net loan book runs on $9.8 billion of funding debt, modeled FY2022–FY2026 in a public Beancount ledger.
