Affirm Reports Q1 Earnings Beat with $1.26 Billion Revenue and $0.47 GAAP EPS
Affirm (AFRM) reported first-quarter financial results that exceeded market expectations, posting a GAAP earnings per share of $0.47, which beat estimates by $0.09. The company's revenue reached $1.26 billion, representing a 35% year-over-year increase and surpassing analyst projections by $50 million. On the balance sheet, Affirm maintains a strong liquidity position with approximately $3 billion in cash and securities available for sale, resulting in net cash of $1.9 billion. Looking ahead to fiscal year 2027, the company provided optimistic guidance, projecting a Gross Merchandise Volume (GMV) exceeding $65.25 billion.
Tickers: $AFRM