Affirm Holdings (AFRM) Financials

Affirm Holdings, Inc. (AFRM) is a financial technology company that offers a transparent and flexible alternative to traditional credit cards. The company provides point-of-sale loans that allow consumers to finance their purchases at participating retailers. Affirm generates revenue primarily from the interest and fees charged on these loans. As of its last financial statement, Affirm reported total revenue of $261.8 million, representing a significant increase from the previous year. The company's gross profit was $89.9 million, indicating a healthy margin on its lending activities. Additionally, Affirm reported net income from stockholders of $15.3 million.

Regarding its financial position, Affirm has a strong balance sheet with total assets of $912 million. The company boasts a healthy level of stockholders' equity, which provides a cushion against potential losses. Affirm also has a manageable level of total debt, reducing its financial risk. Furthermore, the company holds cash equivalents of $437 million, indicating a solid liquidity position. Affirm's net debt, which factors in cash equivalents, stands at $283 million. This suggests that the company has sufficient resources to meet its financial obligations.

In terms of cash flow, Affirm has a positive operating cash flow of $15.6 million, reflecting its ability to generate cash from its core operations. The company also has positive investing cash flow of $371 million, primarily driven by the acquisition of property and equipment. Affirm's financing cash flow is negative at $227 million, mainly due to repayments of borrowings and financing lease liabilities. Lastly, the company has free cash flow of $356 million, which indicates its ability to generate cash after deducting capital expenditures.

In summary, Affirm Holdings, Inc. (AFRM) has delivered strong financial results, with increasing total revenue and a healthy gross profit. The company has a solid balance sheet with a comfortable level of stockholders' equity and manageable debt. Affirm also maintains a robust liquidity position with significant cash equivalents. Furthermore, the company generates positive operating and investing cash flows, indicating its ability to generate cash from its core operations. Overall, Affirm is well-positioned in the financial technology industry and shows promise for future growth.