Affirm Holdings, Inc. AFRM
Mixed Fintech sector · Buy-now-pay-later lender — fast growth, but credit risk and rates are the watch-outs.
Affirm Holdings, Inc. (AFRM) is an established Fintech company, graded Mixed on FrontierLab's evidence-based quality rubric (data as of 2026-08-21). Revenue grew 32.1% year-over-year at a 67.7% gross margin. Gross-profits-to-assets is 0.2; Rule of 40 is 43.2. Net share issuance 1.1% YoY (modest issuance). No risk flags are currently noted. Analyst mix: 31 buy / 10 hold / 0 sell.
These sentences are generated from the day's data by deterministic templates.
Key quality signals
| Revenue growth (YoY) | 32.1% |
|---|---|
| Gross margin | 67.7% |
| Gross profits / assets | 0.2 |
| Rule of 40 | 43.2 |
| Net margin | 11.1% |
| Cash runway (months) | — |
| PEG | — |
| Price / sales | 6.3 |
Quality checklist
Each line is one quality test behind the grade — ✓ passed · ~ borderline · ✗ failed. Hover a metric in the tables below for what it means.
- ✓ Revenue growth — 32.1% (pass ≥ 20%)
- ~ Gross profits / assets — 0.2 (pass ≥ 0.33)
- · Rule of 40 — 43.2 (context — graded for software only)
- ✓ Gross margin — 67.7% (pass ≥ 45% · Fintech)
- ✓ Cash generation
- ~ Share dilution — 1.1%
- ✗ Competitive moat — None
- ~ Market size (TAM) — Mod
Grade history
Graded Mixed since 2026-06-10 — no grade changes recorded yet.
How have Mixed-graded names performed?
The forward returns of all Mixed-graded names since each grade was recorded — the bucket this name currently sits in, not a forecast of this individual stock.
| Window | Forward record vs the S&P | Median |
|---|---|---|
| ~1 month | 53% of Mixed-graded names beat the S&P over 21 sessions (95% CI 31–74%, N=17). | Median excess vs the S&P was 0%. |
| ~3 months | building — 13 more sessions needed | |
| ~6 months | building — 76 more sessions needed | |
Scope: these are forward returns vs the S&P among names still covered at each horizon's end, within the curated universe — not a survivorship-clean whole-market backtest. Names later dropped from coverage are counted as attrition (not hidden), and single-session moves beyond ±300% are treated as split/data artifacts and excluded. How this is measured → · Full track record →
How it compares
Coarse same-sector, same-stage context — not a percentile or rank. GP/A is graded on its absolute level, not position.
Fundamentals
| Market cap | $25.13B |
|---|---|
| Stage | Established |
| Share issuance (YoY) | 1.1% · modest issuance |
| Moat | None |
| TAM | MOD |
| P/E (trailing) | 68.2 |
| EPS (trailing) | $1.10 |
| Burn multiple | — |
| Gross-margin trend (pts) | 0.2 |
| Cash / assets | 0.23 |
| Accruals (%) | -5.3% |
| Net debt / EBITDA | 5.8 |
| Statements as of | Q3 FY2026 · filed 2026-05-07 |
Momentum context — describes the past, not a signal
Low reached Mar 27, 2026 · high reached Sep 19, 2025 — by daily close.
| Price | $75.05 (as of 2026-08-20) |
|---|---|
| Last session move | — |
| % off 52-wk high | -25% |
| RSI (14) | 49 |
| Relative volume | 0.9× |
Insider activity (90 days)
| Cluster buyers | 0 |
|---|---|
| Sellers | 1 |
Insider selling is routine diversification, not a bearish signal.
Analyst mix
| Strong buy | 9 |
|---|---|
| Buy | 22 |
| Hold | 10 |
| Sell | 0 |
| Strong sell | 0 |
▲ Analyst view improving — net +2 buy ratings, coverage 39→41 analysts over ~4 weeks (per aggregated analyst ratings)
Ratings are context, not a price target. "Momentum" = how the mix changed over recent weeks, not a forecast.
AI take — daily, AI-generated
AI leans mixed
Impressive 32% growth and 67.7% margins are undermined by weak profitability (0.2 GP/A) and aggressive 13% dilution; growth is real but shareholder value is being eroded.
Generated by an AI model from the day's news — an opinion for context only. Not financial advice, not a recommendation, and not a price target.
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Data as of 2026-08-21 08:12 (end-of-day). How grades are computed →