Affirm Holdings, a company focused on reinventing payments and commerce with modern technology, reported a net revenue of $698.5 million for the quarter ended September 30, 2024, marking a 41% increase from $496.5 million in the same quarter of the previous year. Operating expenses rose 18% to $831.1 million, resulting in an operating loss of $132.6 million, which is an improvement from the $209.4 million loss in the prior year. The net loss for the quarter was $100.2 million, a 42% improvement from the $171.8 million net loss in the previous year. Affirm's Gross Merchandise Volume (GMV) grew by 35% to $7.6 billion, driven by increased volume at top merchants and platform partners, as well as growth in active consumers and transactions per consumer. The company's active consumer base expanded by 15% to...Show More

Affirm Holdings, a company focused on reinventing payments and commerce with modern technology, reported a net revenue of $698.5 million for the quarter ended September 30, 2024, marking a 41% increase from $496.5 million in the same quarter of the previous year. Operating expenses rose 18% to $831.1 million, resulting in an operating loss of $132.6 million, which is an improvement from the $209.4 million loss in the prior year. The net loss for the quarter was $100.2 million, a 42% improvement from the $171.8 million net loss in the previous year. Affirm's Gross Merchandise Volume (GMV) grew by 35% to $7.6 billion, driven by increased volume at top merchants and platform partners, as well as growth in active consumers and transactions per consumer. The company's active consumer base expanded by 15% to 19.5 million, and transactions per active consumer increased by 25%. Affirm's business development included the expansion of its point-of-sale solutions, merchant enablement tools, and the Affirm Card, which contributed to the company's growth. Looking ahead, Affirm plans to continue investing in its proprietary technology platform and data analytics to maintain its competitive edge and drive future growth. The company's funding model remains capital efficient, with a diverse set of funding sources and sufficient liquidity to support its operations and planned growth for at least the next 12 months.