Affirm: Enthusiasm Gone


  • Affirm reaffirms that it’s a category leader in honest finance.
  • Headed into Q1 2023 earnings, I said that Affirm would need to take its medicine and downwards revise its outlook for the year.
  • That once it came clean with investors, in time, new investors would be more inclined to invest in the company.
  • I stand by those comments today. Affirm is a speculative buy.

Money flows into a bottomless funnel


Investment Thesis

Affirm (NASDAQ:AFRM) continues to see its share price move lower with time. In my previous bullish article, headed into Q1 2023 earnings I said,

Author's work

Author’s work

I wrote that I believed that Affirm would be

Data by YCharts

AFRM revenue growth rates

AFRM revenue growth rates

AFRM Q4 2022 presentation

AFRM Q4 2022 presentation

AFRM Q1 2023

AFRM Q1 2023

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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