Shares & Derivatives
Affirm Just Released Its First Set Of Results Post-IPO!
By sgstockmarketinvestor  •  February 19, 2021
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,...
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By sgstockmarketinvestor
Hey there! I’m Gavin! No I didn’t study in a business/finance school, neither do I have any background in business/finance. I did take POA in my secondary school but that’s about it. This is just my website where I share stock analyses as well as my journey in investing. Do take note that whatever I share is not a buy or sell call, and is purely just me sharing my thoughts. If you like what I do, please do support me by visiting and sharing my page often whenever I post my stock analyses.
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