Ann: Completes Twisto Acq as part of European Expansion Strategy, page-77

As at last audited FY 21 report (All figures aud)

for those not in “the know” and can’t be bothered looking at financial reports or articulating numbers - skip down the page

https://investors.affirm.com/news-releases/news-release-details/affirm-reports-fourth-quarter-and-fiscal-year-2021-results

Some fools running around here talking about shorting affirm and affirm this, without a clue what they’re on about.

Others are pushing the “fact” zip is showing explosive growth, yet unlike Affirm who’s showing explosive organic growth, the QoQ results are evident on who’s who in the US

The business aren’t even comparable

Affirm

Revenue $1.2bn
Cash $2bn
Op Loss $519m
Total loss $579m
TTV $11.36bn
Vendors 29,000
Users 7.1m

Zip

Revenue $397m
Cash $330m (pre rebrand)
Op Loss $418m (ex quadpay net adjustment)
Total Loss $678m
TTV $5.8bn
Vendors 51,300
Users 7.3m

US TTV $2.4bn
US customers 4.4m
US merchants 15,600

LASTQUARTER

zip
US customer growth slowed for a third consecutive quarter
US customer growth (5m) up 600,000 from 4.4m users (13%)
Zips U.S. revenue has grown 6% QoQ ($67.1m)
TTV $995m up from prior quarter $857m (16.5%)

affirm

quarter growth continued to grow at a greater rate for its quarter on quarter with US users growing 1.6m (20% up for prior quarter)

affirms revenue for the quarter 55% increase on prior quarter at $370m

affirms TTV for the quarter was $3.7bn (up 84%, 138% excluding largest merchant)


off a smaller base you would expect the percentiles to be much larger for a QoQ comparison for zip to affirm.

as affirm continues to roll out its Amazon, Shopify and Walmart exclusive distribution, these numbers will continue to widen the gap.