Business
Affirm runs a payment network built around point-of-sale pay-over-time products, merchant commerce tools, and a consumer app.
Affirm crossed into net income and doubled free cash flow, but debt rose sharply and insiders kept selling.
The read at a glance✓ Audited against SEC data
- Business mix — Pay-over-time network for consumers and merchantsNote
- Revenue — Revenue +34.9% to $1.114BOK
- Profitability — Net income turned positive at $52.2MOK
- Cash quality — Free cash flow +106.9% to $601.7MOK
- Balance sheet — Long-term debt +314.3% to $7.610BWatch
- Insiders — 0 buys / 22 sellsWatch
- Accounting — Allowance for credit losses is a key audit judgmentWatch
Where the revenue comes from
Fiscal 2026, as Affirm Holdings, Inc. reports it. History and quarterly detail are in the app.
- Merchant network revenue$1.1B
- Card network revenue$294.0M
Leadership changes
From Affirm Holdings, Inc.'s own filings, the day they're filed.
- S. Quarles Ryan Schneider · appointmenteff. 2026-07-01
- Richard Galanti · director · departureeff. 2025-07-01
- Keith Rabois · member · departureeff. 2025-06-30
Latest filings
- 10-K · Annual report2026-08-27
- 8-K · Company announcement2026-08-27
- 8-K · Company announcement2026-06-25
- 10-Q · Quarterly report2026-05-07
- 8-K · Company announcement2026-05-07
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- Main tension🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Affirm Holdings, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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