Affirm Holdings Inc
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. The company's commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time. It has active merchants cove… Read more
Affirm Holdings Inc (AFRM) - Net Assets
Latest net assets as of December 2025: $3.55 Billion USD
Based on the latest financial reports, Affirm Holdings Inc (AFRM) has net assets worth $3.55 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.96 Billion) and total liabilities ($9.41 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.55 Billion |
| % of Total Assets | 27.37% |
| Annual Growth Rate | N/A |
| 5-Year Change | 19.16% |
| 10-Year Change | N/A |
| Growth Volatility | 5.91 |
Affirm Holdings Inc - Net Assets Trend (2019–2025)
This chart illustrates how Affirm Holdings Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Affirm Holdings Inc (2019–2025)
The table below shows the annual net assets of Affirm Holdings Inc from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $3.07 Billion | +12.34% |
| 2024-06-30 | $2.73 Billion | +7.81% |
| 2023-06-30 | $2.53 Billion | -3.21% |
| 2022-06-30 | $2.62 Billion | +1.66% |
| 2021-06-30 | $2.58 Billion | +801.59% |
| 2020-06-30 | $-367.10 Million | -39.36% |
| 2019-06-30 | $-263.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Affirm Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 273858000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.00K | 0.00% |
| Other Comprehensive Income | $-15.07 Million | -0.49% |
| Other Components | $6.14 Billion | 200.09% |
| Total Equity | $3.07 Billion | 100.00% |
Affirm Holdings Inc Competitors by Market Cap
The table below lists competitors of Affirm Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Performance Food Group Co
NYSE:PFGC
|
$13.32 Billion |
|
Embraer S.A.
NYSE:EMBJ
|
$13.35 Billion |
|
Nordson Corporation
NASDAQ:NDSN
|
$13.37 Billion |
|
China Minsheng Banking Corp Ltd
SHG:600016
|
$13.37 Billion |
|
Nomura Research Institute Ltd
PINK:NURAF
|
$13.31 Billion |
|
Kering SA
PINK:PPRUF
|
$13.30 Billion |
|
Ovintiv Inc
NYSE:OVV
|
$13.30 Billion |
|
Mr. Cooper Group Inc
NASDAQ:COOP
|
$13.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Affirm Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,731,989,000 to 3,069,009,000, a change of 337,020,000 (12.3%).
- Net income of 52,186,000 contributed positively to equity growth.
- Share repurchases of 250,000,000 reduced equity.
- Other comprehensive income increased equity by 6,496,000.
- Other factors increased equity by 528,338,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $52.19 Million | +1.7% |
| Share Repurchases | $250.00 Million | -8.15% |
| Other Comprehensive Income | $6.50 Million | +0.21% |
| Other Changes | $528.34 Million | +17.22% |
| Total Change | $- | 12.34% |
Book Value vs Market Value Analysis
This analysis compares Affirm Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.30x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | $-1.02 | $47.69 | x |
| 2020-06-30 | $-1.43 | $47.69 | x |
| 2021-06-30 | $9.56 | $47.69 | x |
| 2022-06-30 | $9.29 | $47.69 | x |
| 2023-06-30 | $8.58 | $47.69 | x |
| 2024-06-30 | $8.82 | $47.69 | x |
| 2025-06-30 | $9.00 | $47.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Affirm Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.62%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 3.63x
- Recent ROE (1.70%) is above the historical average (-14.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -45.56% | 0.23x | 0.00x | $-94.11 Million |
| 2020 | 0.00% | -22.10% | 0.36x | 0.00x | $-75.89 Million |
| 2021 | -17.12% | -50.67% | 0.18x | 1.89x | $-698.58 Million |
| 2022 | -27.02% | -52.43% | 0.19x | 2.66x | $-969.24 Million |
| 2023 | -38.88% | -62.05% | 0.19x | 3.22x | $-1.24 Billion |
| 2024 | -18.95% | -22.29% | 0.24x | 3.48x | $-790.96 Million |
| 2025 | 1.70% | 1.62% | 0.29x | 3.63x | $-254.71 Million |
Industry Comparison
This section compares Affirm Holdings Inc's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $47,597,324,708
- Average return on equity (ROE) among peers: -43.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Affirm Holdings Inc (AFRM) | $3.55 Billion | 0.00% | 2.65x | $13.32 Billion |
| Accord Financial Corp (ACCFF) | $39.20 Million | 16.04% | 1.73x | $8.00 Million |
| Acom Co. Ltd (ACJJF) | $328.31 Billion | 3.92% | 2.63x | $799.50 Million |
| Federal Agricultural Mortgage Corporation (AGM) | $592.96 Million | 7.89% | 20.29x | $1.53 Billion |
| Aiful Corp (AIFLF) | $81.64 Billion | 21.30% | 7.15x | $852.52 Million |
| Jianpu Technology Inc (AIJTY) | $520.74 Million | 20.38% | 0.93x | $16.37 Million |
| AIOS Tech Inc. (AIOS) | $203.05 Million | 8.66% | 0.56x | $2.50 Million |
| Ally Financial Inc (ALLY) | $17.05 Billion | 17.95% | 9.70x | $9.95 Billion |
| Alpha Investment Inc (ALPC) | $254.20K | -435.59% | 4.32x | $166.69 Million |
| Antalpha Platform Holding Co (ANTA) | $12.71 Million | -51.81% | 56.59x | $14.82 Million |