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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