Professional
Added to YB: 2026-01-26
Pitch date: 2026-01-21
AFRM [bearish]
Affirm Holdings, Inc.
+28.83%
current return
Author Info
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Company Info
Affirm Holdings, Inc. operates payment network in the United States, Canada, and internationally. Its platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app.
Market Cap
$17.2B
Pitch Price
$72.81
Price Target
17.00 (-67%)
Dividend
N/A
EV/EBITDA
46.30
P/E
64.94
EV/Sales
6.68
Sector
Financial Services
Category
N/A
Affirm Holdings, Inc. (AFRM) - Buy Now, Cry Later
AFRM (short): balance-sheet BNPL lender w/ 50% rev from 31% APR interest income faces Trump's 10% credit card rate cap threat. 96% GMV from repeat users, 52% subprime borrowers. 6x leverage, 2% loss reserves vs normalized 6-7% losses. Unemployment rising, wage growth lagging for bottom quartile. Fair value $17 (-80% downside).
Read full article (30 min)