Affirm's Stock Soars on Strong Q4 Results and Profitability Outlook
The buy now, pay later company surpasses revenue expectations and projects GAAP profitability by fiscal Q4 2025.
- Affirm's Q4 revenue increased by 48% year-over-year to $659 million, beating analyst estimates.
- Net loss significantly narrowed to $45 million from $206 million in the same period last year.
- Gross merchandise volume on the platform grew by 31% to $7.2 billion.
- Shares surged over 30%, reaching their highest level in nearly three years.
- CEO Max Levchin highlighted increased transactions and strategic partnerships as key growth drivers.