Affirm GAAP EPS of -$0.31 beats by $0.03, revenue of $698.5M beats by $34.51M
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Contributor since / Followers
Contributor since / Followers
2 weeks ago
- Affirm press release (NASDAQ:AFRM): Q1 GAAP EPS of -$0.31 beats by $0.03.
- Revenue of $698.5M (+40.7% Y/Y) beats by $34.51M.
- Shares -4.19%.
- Financial Outlook Affirm FQ1’25 Shareholder Letter 13 Assumptions Embedded within the Outlook Product and Go-to-Market Initiatives ● Our outlook includes the expected financial impact of our Affirm Money Account, the business-to-business (B2B) product, and our UK expansion. None of these initiatives are expected to be material growth contributors during FY’25. ● A recently-launched wallet partnership is not expected to contribute materially to financial results in FY’25. This reflects that the partnership remains in the early stages of commercialization. Seasonality ● The quarterly seasonality of FY’25 GMV is expected to be consistent with FY’24, with the second and fourth fiscal quarters showing elevated volumes. Fiscal Q2 2025 Fiscal 2025 GMV $9.35 to 9.75 billion More than $34 billion Revenue $770 to 810 million At least 20 basis points higher than FY’24 as a % of GMV Transaction Costs $420 to 440 million Similar to FY’24 as a % of GMV Revenue Less Transaction Costs $350 to 370 million At least 20 basis points higher than FY’24 as a % of GMV Adjusted Operating Margin4 21 to 23 percent At least 20 percent Weighted Average Shares Outstanding 322 million 322 million Operating Income We expect to achieve operating income profitability on a GAAP basis in FQ4’25 and plan to operate the business going forward in a manner designed to maintain profitability on this basis.
- Q2 ending December 2024 revenue consensus is $784.53M
- FY25 ending June 2025 revenue consensus is $3.02B