Affirm Q4 FY21 Highlights: What should we know before investing?

BNPL (Buy Now Pay Later）is growing in popularity globally. On Sep 9, $Affirm Holdings (AFRM.US)$ , leading BNPL company, released its Q4 FY21 earnings thatbeats the estimates, following a surge of 20% in stock price during post-market.
Let's take a quick look at some key takeaways.

Operating Highlights

GMV ( Gross merchandise volume) for Q4 FY21 was $2.5 billion, an increase of106%; GMV for fiscal year 2021 was $8.3 billion, an increase of79%.
Active merchants grew by412%to nearly 29,000; Active consumers grew97%to 7.1 million.
Transactions per active consumer increased8%to approximately 2.3.

Financial Highlights

Total revenue was $261.8 million, a71%increase, driven by increases in network revenue and interest income.
Net loss for the Q4 2021 was $128.2 million compared to net income of $34.8 million in Q4 2020.

Business Highlights

In August 2021, the Company announced a non-exclusive partnership with $Affirm Holdings (AFRM.US)$to offer Affirm's flexible payment solutions, and Amazon plans to make Affirm morebroadly availableto its customers.

In June 2021, the Company advanced itsexclusive partnershipwith $Shopify (SHOP.US)$ by making Affirm's Shop Pay Installments available to all eligible Shopify merchants in the US.

Financial Outlook

The company gives apositive outlook. In FY22, Affirm expects GMV to grow faster than revenue. The outlook also reflects its strategy to drivegrowth in its network through continued investment, prioritizing increased investments in both its product and engineering teams, while also increasing its brand and direct response marketing efforts.

These investments are expected to benefit the Company'sproduct innovation capabilities and brand awareness in support of its long-term growth objectives.

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