Affirm Holdings Reports Fiscal Q2 Loss, Revenue Surpasses Expectations

Despite a significant loss, the company's revenue growth and optimistic Q3 projections signal strength.

Affirm Holdings Inc. reported a fiscal Q2 loss of $166.9 million, missing Wall Street expectations for earnings.
The company's revenue of $591.1 million in Q2 exceeded analyst forecasts, marking a 48% increase year-over-year.
Affirm expects Q3 revenue to be between $530 million and $550 million, above analyst estimates.
Shares of Affirm have more than tripled in the last 12 months, despite a post-earnings drop in after-hours trading.
Gross merchandise volume (GMV) grew 32% year-over-year, with the Affirm card contributing significantly to this growth.