Form 8-K · Current Report · Filed 2024-11-07
Affirm Announces Q1 FY25 Results, New CFO Appointment, and Note Repurchase
Affirm Holdings, Inc. reported strong financial results for the first fiscal quarter of 2025, with a 41% year-over-year increase in Gross Merchandise Volume (GMV) to $7.6 billion. The company appointed Rob O'Hare as the new Chief Financial Officer, effective November 8, 2024. Additionally, the Board of Directors authorized the repurchase of up to $500 million in aggregate principal amount of its outstanding 0% Convertible Senior Notes due 2026, starting January 1, 2025. The company expects to continue managing its business to achieve the target of 3-4% RLTC as a percentage of GMV.
- Filer
- Affirm Holdings Inc. AFRM · NASDAQ
- Filed
- Accession
- 0001820953-24-000058
- CIK
- 0001820953
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$50.00
Next session
-7.0%
Since filing
+43.0%
Latest close
$71.51
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from AFRM reporting the same item, with the next session's move:
Exhibits (1)
About Affirm Holdings Inc.
Affirm Holdings Inc. is a financial technology company that offers a flexible and transparent alternative to traditional credit. Its primary function is to provide consumers with installment loans at the point of sale to finance purchases. This service allows customers to split the cost of large purchases into manageable payments over time, often without hidden fees or compounding interest, which is a distinctive feature in the credit space. Affirm is widely used in e-commerce sectors, partnering with a vast array of retailers to simplify the purchasing process online. Founded in 2012 and headquartered in San Francisco, California, Affirm leverages advanced data analytics to perform credit checks and approve loans quickly, positioning itself as a leader in the "buy now, pay later" market. Through these partnerships, retailers can increase their conversion rates by providing shoppers with more purchasing options, thus enhancing customer satisfaction. As a prominent player in the fintech industry, Affirm Holdings Inc. significantly influences consumer spending behaviors, impacting sectors ranging from retail and travel to wellness and automotive services.
Never miss another AFRM filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.