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Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and GoPro, Inc. (GPRO). Click either name above to swap in a different company.
Affirm Holdings, Inc. is the larger business by last-quarter revenue ($401.4M vs $201.7M, roughly 2.0× GoPro, Inc.). On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 0.4%). Affirm Holdings, Inc. produced more free cash flow last quarter ($118.0M vs $15.0M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs 13.9%).
Affirm Holdings, Inc. is an American financial technology company and a point-of-sale lender. Founded in 2012 by PayPal co-founder Max Levchin, it is the largest U.S. based buy now, pay later (BNPL) financier. As of 2025, Affirm reports nearly 26 million users and processing $37 billion in annual payments.
GoPro, Inc. is an American technology company founded in 2002 by Nick Woodman. It manufactures action cameras and develops its own mobile apps and video-editing software. Founded as Woodman Labs, Inc, the company is based in San Mateo, California.
AFRM vs GPRO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $201.7M |
| Net Profit | $129.6M | — |
| Gross Margin | — | 31.8% |
| Operating Margin | 29.3% | -4.1% |
| Net Margin | 32.3% | — |
| Revenue YoY | 32.5% | 0.4% |
| Net Profit YoY | 61.3% | — |
| EPS (diluted) | $0.37 | $-0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $401.4M | $201.7M | ||
| Q3 25 | $320.5M | $162.9M | ||
| Q2 25 | $306.6M | $152.6M | ||
| Q1 25 | $272.5M | $134.3M | ||
| Q4 24 | $303.0M | $200.9M | ||
| Q3 24 | $231.8M | $258.9M | ||
| Q2 24 | $224.0M | $186.2M | ||
| Q1 24 | $195.0M | $155.5M |
| Q4 25 | $129.6M | — | ||
| Q3 25 | $80.7M | $-21.3M | ||
| Q2 25 | $69.2M | $-16.4M | ||
| Q1 25 | $2.8M | $-46.7M | ||
| Q4 24 | $80.4M | — | ||
| Q3 24 | $-100.2M | $-8.2M | ||
| Q2 24 | $-45.1M | $-47.8M | ||
| Q1 24 | $-133.9M | $-339.1M |
| Q4 25 | — | 31.8% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 35.8% | ||
| Q1 25 | — | 32.1% | ||
| Q4 24 | — | 34.7% | ||
| Q3 24 | — | 35.5% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 34.1% |
| Q4 25 | 29.3% | -4.1% | ||
| Q3 25 | 19.9% | -9.8% | ||
| Q2 25 | 18.9% | -9.2% | ||
| Q1 25 | -3.1% | -33.7% | ||
| Q4 24 | -1.4% | -19.5% | ||
| Q3 24 | -57.2% | -3.1% | ||
| Q2 24 | -32.8% | -25.0% | ||
| Q1 24 | -82.5% | -26.6% |
| Q4 25 | 32.3% | — | ||
| Q3 25 | 25.2% | -13.0% | ||
| Q2 25 | 22.6% | -10.8% | ||
| Q1 25 | 1.0% | -34.8% | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | -43.2% | -3.2% | ||
| Q2 24 | -20.2% | -25.7% | ||
| Q1 24 | -68.7% | -218.1% |
| Q4 25 | $0.37 | $-0.06 | ||
| Q3 25 | $0.23 | $-0.13 | ||
| Q2 25 | $0.22 | $-0.10 | ||
| Q1 25 | $0.01 | $-0.30 | ||
| Q4 24 | $0.23 | $-0.22 | ||
| Q3 24 | $-0.31 | $-0.05 | ||
| Q2 24 | $-0.13 | $-0.31 | ||
| Q1 24 | $-0.43 | $-2.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | $49.7M |
| Total DebtLower is stronger | $9.0B | $44.3M |
| Stockholders' EquityBook value | $3.5B | $76.5M |
| Total Assets | $13.0B | $428.0M |
| Debt / EquityLower = less leverage | 2.54× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $49.7M | ||
| Q3 25 | $1.4B | $152.8M | ||
| Q2 25 | $1.4B | $58.6M | ||
| Q1 25 | $1.4B | $69.6M | ||
| Q4 24 | $1.2B | $102.8M | ||
| Q3 24 | $1.0B | $130.2M | ||
| Q2 24 | $1.0B | $133.0M | ||
| Q1 24 | $1.3B | $133.7M |
| Q4 25 | $9.0B | $44.3M | ||
| Q3 25 | $7.7B | $43.9M | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $7.3B | $0 | ||
| Q3 24 | — | $93.1M | ||
| Q2 24 | $1.8B | $92.9M | ||
| Q1 24 | — | $92.7M |
| Q4 25 | $3.5B | $76.5M | ||
| Q3 25 | $3.3B | $80.5M | ||
| Q2 25 | $3.1B | $97.9M | ||
| Q1 25 | $2.9B | $110.0M | ||
| Q4 24 | $2.8B | $151.7M | ||
| Q3 24 | $2.8B | $183.9M | ||
| Q2 24 | $2.7B | $184.7M | ||
| Q1 24 | $2.6B | $224.9M |
| Q4 25 | $13.0B | $428.0M | ||
| Q3 25 | $11.5B | $538.6M | ||
| Q2 25 | $11.2B | $439.0M | ||
| Q1 25 | $10.4B | $462.5M | ||
| Q4 24 | $10.5B | $543.7M | ||
| Q3 24 | $10.1B | $661.6M | ||
| Q2 24 | $9.5B | $556.8M | ||
| Q1 24 | $9.2B | $575.8M |
| Q4 25 | 2.54× | 0.58× | ||
| Q3 25 | 2.35× | 0.55× | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | 2.62× | 0.00× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | 0.67× | 0.50× | ||
| Q1 24 | — | 0.41× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $173.7M | $15.6M |
| Free Cash FlowOCF − Capex | $118.0M | $15.0M |
| FCF MarginFCF / Revenue | 29.4% | 7.4% |
| Capex IntensityCapex / Revenue | 13.9% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $-24.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $15.6M | ||
| Q3 25 | $374.6M | $12.2M | ||
| Q2 25 | $74.6M | $8.8M | ||
| Q1 25 | $210.4M | $-57.2M | ||
| Q4 24 | $312.0M | $-25.1M | ||
| Q3 24 | $196.9M | $-2.2M | ||
| Q2 24 | $68.8M | $605.0K | ||
| Q1 24 | $208.2M | $-98.4M |
| Q4 25 | $118.0M | $15.0M | ||
| Q3 25 | $320.2M | $11.2M | ||
| Q2 25 | $23.5M | $8.3M | ||
| Q1 25 | $157.4M | $-58.5M | ||
| Q4 24 | $268.1M | $-25.5M | ||
| Q3 24 | $152.7M | $-4.2M | ||
| Q2 24 | $30.5M | $-111.0K | ||
| Q1 24 | $161.7M | $-99.4M |
| Q4 25 | 29.4% | 7.4% | ||
| Q3 25 | 99.9% | 6.9% | ||
| Q2 25 | 7.7% | 5.4% | ||
| Q1 25 | 57.7% | -43.5% | ||
| Q4 24 | 88.5% | -12.7% | ||
| Q3 24 | 65.9% | -1.6% | ||
| Q2 24 | 13.6% | -0.1% | ||
| Q1 24 | 82.9% | -63.9% |
| Q4 25 | 13.9% | 0.3% | ||
| Q3 25 | 17.0% | 0.6% | ||
| Q2 25 | 16.7% | 0.3% | ||
| Q1 25 | 19.5% | 1.0% | ||
| Q4 24 | 14.5% | 0.2% | ||
| Q3 24 | 19.0% | 0.8% | ||
| Q2 24 | 17.1% | 0.4% | ||
| Q1 24 | 23.8% | 0.6% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 75.03× | — | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AFRM
| Merchant Network | $328.4M | 82% |
| Virtual Card Network | $73.0M | 18% |
| Commercial Agreement Amazon | $1.9M | 0% |
GPRO
| Subscription And Services | $106.3M | 53% |
| Other | $95.4M | 47% |
