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Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and Symbotic Inc. (SYM). Click either name above to swap in a different company.
Symbotic Inc. is the larger business by last-quarter revenue ($630.0M vs $401.4M, roughly 1.6× Affirm Holdings, Inc.). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs 0.4%, a 31.9% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 29.4%). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs 21.9%).
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.
Symbotic Inc. is an American robotics warehouse automation company based in Wilmington, Massachusetts.
AFRM vs SYM — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $630.0M |
| Net Profit | $129.6M | $2.6M |
| Gross Margin | — | 21.2% |
| Operating Margin | 29.3% | 1.0% |
| Net Margin | 32.3% | 0.4% |
| Revenue YoY | 32.5% | 29.4% |
| Net Profit YoY | 61.3% | 174.9% |
| EPS (diluted) | $0.37 | $0.02 |
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 | $630.0M | ||
| Q3 25 | $320.5M | $618.5M | ||
| Q2 25 | $306.6M | $592.1M | ||
| Q1 25 | $272.5M | $549.7M | ||
| Q4 24 | $303.0M | $486.7M | ||
| Q3 24 | $231.8M | $503.6M | ||
| Q2 24 | $224.0M | $491.9M | ||
| Q1 24 | $195.0M | $424.3M |
| Q4 25 | $129.6M | $2.6M | ||
| Q3 25 | $80.7M | $-3.6M | ||
| Q2 25 | $69.2M | $-5.9M | ||
| Q1 25 | $2.8M | $-3.9M | ||
| Q4 24 | $80.4M | $-3.5M | ||
| Q3 24 | $-100.2M | $-2.5M | ||
| Q2 24 | $-45.1M | $-2.5M | ||
| Q1 24 | $-133.9M | $-6.6M |
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | — | 19.6% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 13.7% | ||
| Q1 24 | — | 10.4% |
| Q4 25 | 29.3% | 1.0% | ||
| Q3 25 | 19.9% | -3.5% | ||
| Q2 25 | 18.9% | -6.2% | ||
| Q1 25 | -3.1% | -5.8% | ||
| Q4 24 | -1.4% | -5.1% | ||
| Q3 24 | -57.2% | -4.3% | ||
| Q2 24 | -32.8% | -5.1% | ||
| Q1 24 | -82.5% | -12.0% |
| Q4 25 | 32.3% | 0.4% | ||
| Q3 25 | 25.2% | -0.6% | ||
| Q2 25 | 22.6% | -1.0% | ||
| Q1 25 | 1.0% | -0.7% | ||
| Q4 24 | 26.5% | -0.7% | ||
| Q3 24 | -43.2% | -0.5% | ||
| Q2 24 | -20.2% | -0.5% | ||
| Q1 24 | -68.7% | -1.6% |
| Q4 25 | $0.37 | $0.02 | ||
| Q3 25 | $0.23 | $-0.04 | ||
| Q2 25 | $0.22 | $-0.05 | ||
| Q1 25 | $0.01 | $-0.04 | ||
| Q4 24 | $0.23 | $-0.03 | ||
| Q3 24 | $-0.31 | $-0.03 | ||
| Q2 24 | $-0.13 | $-0.02 | ||
| Q1 24 | $-0.43 | $-0.07 |
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 | $1.8B |
| Total DebtLower is stronger | $9.0B | — |
| Stockholders' EquityBook value | $3.5B | $663.8M |
| Total Assets | $13.0B | $3.0B |
| Debt / EquityLower = less leverage | 2.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $777.6M | ||
| Q1 25 | $1.4B | $954.9M | ||
| Q4 24 | $1.2B | $903.0M | ||
| Q3 24 | $1.0B | $727.3M | ||
| Q2 24 | $1.0B | $870.5M | ||
| Q1 24 | $1.3B | $901.4M |
| Q4 25 | $9.0B | — | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.5B | $663.8M | ||
| Q3 25 | $3.3B | $221.3M | ||
| Q2 25 | $3.1B | $210.8M | ||
| Q1 25 | $2.9B | $205.4M | ||
| Q4 24 | $2.8B | $196.5M | ||
| Q3 24 | $2.8B | $197.2M | ||
| Q2 24 | $2.7B | $418.7M | ||
| Q1 24 | $2.6B | $417.1M |
| Q4 25 | $13.0B | $3.0B | ||
| Q3 25 | $11.5B | $2.4B | ||
| Q2 25 | $11.2B | $1.8B | ||
| Q1 25 | $10.4B | $2.0B | ||
| Q4 24 | $10.5B | $1.7B | ||
| Q3 24 | $10.1B | $1.6B | ||
| Q2 24 | $9.5B | $1.6B | ||
| Q1 24 | $9.2B | $1.6B |
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | 2.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | — | — |
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 | $191.5M |
| Free Cash FlowOCF − Capex | $118.0M | — |
| FCF MarginFCF / Revenue | 29.4% | — |
| Capex IntensityCapex / Revenue | 13.9% | — |
| Cash ConversionOCF / Net Profit | 1.34× | 73.61× |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $191.5M | ||
| Q3 25 | $374.6M | $530.7M | ||
| Q2 25 | $74.6M | $-138.3M | ||
| Q1 25 | $210.4M | $269.6M | ||
| Q4 24 | $312.0M | $205.0M | ||
| Q3 24 | $196.9M | $-99.4M | ||
| Q2 24 | $68.8M | $50.4M | ||
| Q1 24 | $208.2M | $21.1M |
| Q4 25 | $118.0M | — | ||
| Q3 25 | $320.2M | — | ||
| Q2 25 | $23.5M | — | ||
| Q1 25 | $157.4M | — | ||
| Q4 24 | $268.1M | $197.7M | ||
| Q3 24 | $152.7M | $-120.1M | ||
| Q2 24 | $30.5M | $33.5M | ||
| Q1 24 | $161.7M | $18.6M |
| Q4 25 | 29.4% | — | ||
| Q3 25 | 99.9% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 57.7% | — | ||
| Q4 24 | 88.5% | 40.6% | ||
| Q3 24 | 65.9% | -23.9% | ||
| Q2 24 | 13.6% | 6.8% | ||
| Q1 24 | 82.9% | 4.4% |
| Q4 25 | 13.9% | — | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 16.7% | — | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | 14.5% | 1.5% | ||
| Q3 24 | 19.0% | 4.1% | ||
| Q2 24 | 17.1% | 3.4% | ||
| Q1 24 | 23.8% | 0.6% |
| Q4 25 | 1.34× | 73.61× | ||
| 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% |
SYM
| Systems | $590.3M | 94% |
| Operation Services | $28.8M | 5% |
| Software Maintenance And Support | $10.9M | 2% |
| Revision Of Prior Period Change In Accounting Principle Adjustment | $2.9M | 0% |
| Related Party | $1.1M | 0% |
