Affirm recently went public on 13th January 2021, issuing a total of 28 million Class A common stock at $49 a share. On the day of IPO, Affirm closed strong at $97.24, almost increasing by 100%. Affirm has since been on many investors’ radar as it’s the up-and-coming FinTech company to watch. As the results were released, the stock closed 7.85% lower in the post-market. Let’s take a deep dive into the results to find out why.
Phenomenal Revenue Increase
|
3M Ended December 31, 2019 |
3M Ended December 31, 2020 |
6M Ended December 31, 2019 |
6M Ended December 31, 2020 |
GMV |
$1.3 billion |
$2.1 billion (+61.5%) |
$2.2 billion |
$3.6 billion (+63.6%) |
Total Revenue |
$130 million |
$204 million (+56.9%) |
$217.9 million |
$378 million (+73.5%) |
Transaction Costs |
$92.7 million |
$114.1 million (+23.1%) |
$155.3 million |
$244.1 million (+57.2%) |
Gross Revenue |
$37.3 million |
$89.9 million (+141.0%) |
$62.6 million |
$133.9 million (+113.9%) |
Starting off with the Revenue segment,...