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Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and SYNAPTICS Inc (SYNA). Click either name above to swap in a different company.
Affirm Holdings, Inc. is the larger business by last-quarter revenue ($401.4M vs $302.5M, roughly 1.3× SYNAPTICS Inc). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs -4.9%, a 37.2% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 13.2%). Affirm Holdings, Inc. produced more free cash flow last quarter ($118.0M vs $18.2M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs 12.9%).
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.
Synaptics, Inc. is an American neural network technologies and computer-to-human interface devices development company based in San Jose, California. It develops touchpads and fingerprint biometrics technology for computer laptops; touch, display driver, and fingerprint biometrics technology for smartphones; and touch, video and far-field voice, low-power AI processors, and wireless technology for smart home devices, wearables, and automobiles. Synaptics sells its products to original equipme...
AFRM vs SYNA — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $302.5M |
| Net Profit | $129.6M | $-14.8M |
| Gross Margin | — | 43.5% |
| Operating Margin | 29.3% | -5.0% |
| Net Margin | 32.3% | -4.9% |
| Revenue YoY | 32.5% | 13.2% |
| Net Profit YoY | 61.3% | -922.2% |
| EPS (diluted) | $0.37 | $-0.38 |
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 | $302.5M | ||
| Q3 25 | $320.5M | $292.5M | ||
| Q2 25 | $306.6M | $282.8M | ||
| Q1 25 | $272.5M | $266.6M | ||
| Q4 24 | $303.0M | $267.2M | ||
| Q3 24 | $231.8M | $257.7M | ||
| Q2 24 | $224.0M | $247.4M | ||
| Q1 24 | $195.0M | $237.3M |
| Q4 25 | $129.6M | $-14.8M | ||
| Q3 25 | $80.7M | $-20.6M | ||
| Q2 25 | $69.2M | $-4.7M | ||
| Q1 25 | $2.8M | $-21.8M | ||
| Q4 24 | $80.4M | $1.8M | ||
| Q3 24 | $-100.2M | $-23.1M | ||
| Q2 24 | $-45.1M | $208.3M | ||
| Q1 24 | $-133.9M | $-18.1M |
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 42.6% | ||
| Q2 25 | — | 43.0% | ||
| Q1 25 | — | 43.4% | ||
| Q4 24 | — | 45.7% | ||
| Q3 24 | — | 46.9% | ||
| Q2 24 | — | 45.8% | ||
| Q1 24 | — | 46.5% |
| Q4 25 | 29.3% | -5.0% | ||
| Q3 25 | 19.9% | -7.9% | ||
| Q2 25 | 18.9% | -8.6% | ||
| Q1 25 | -3.1% | -9.9% | ||
| Q4 24 | -1.4% | -5.7% | ||
| Q3 24 | -57.2% | -11.0% | ||
| Q2 24 | -32.8% | -12.6% | ||
| Q1 24 | -82.5% | -7.3% |
| Q4 25 | 32.3% | -4.9% | ||
| Q3 25 | 25.2% | -7.0% | ||
| Q2 25 | 22.6% | -1.7% | ||
| Q1 25 | 1.0% | -8.2% | ||
| Q4 24 | 26.5% | 0.7% | ||
| Q3 24 | -43.2% | -9.0% | ||
| Q2 24 | -20.2% | 84.2% | ||
| Q1 24 | -68.7% | -7.6% |
| Q4 25 | $0.37 | $-0.38 | ||
| Q3 25 | $0.23 | $-0.53 | ||
| Q2 25 | $0.22 | $-0.13 | ||
| Q1 25 | $0.01 | $-0.56 | ||
| Q4 24 | $0.23 | $0.05 | ||
| Q3 24 | $-0.31 | $-0.58 | ||
| Q2 24 | $-0.13 | $5.28 | ||
| Q1 24 | $-0.43 | $-0.46 |
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 | $437.4M |
| Total DebtLower is stronger | $9.0B | $836.0M |
| Stockholders' EquityBook value | $3.5B | $1.4B |
| Total Assets | $13.0B | $2.6B |
| Debt / EquityLower = less leverage | 2.54× | 0.60× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $437.4M | ||
| Q3 25 | $1.4B | $459.9M | ||
| Q2 25 | $1.4B | $452.5M | ||
| Q1 25 | $1.4B | $421.4M | ||
| Q4 24 | $1.2B | $596.1M | ||
| Q3 24 | $1.0B | $853.6M | ||
| Q2 24 | $1.0B | $876.9M | ||
| Q1 24 | $1.3B | $828.6M |
| Q4 25 | $9.0B | $836.0M | ||
| Q3 25 | $7.7B | $835.4M | ||
| Q2 25 | $7.6B | $834.8M | ||
| Q1 25 | $7.1B | $834.2M | ||
| Q4 24 | $7.3B | $832.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | $983.5M | ||
| Q1 24 | — | — |
| Q4 25 | $3.5B | $1.4B | ||
| Q3 25 | $3.3B | $1.4B | ||
| Q2 25 | $3.1B | $1.4B | ||
| Q1 25 | $2.9B | $1.4B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.7B | $1.5B | ||
| Q1 24 | $2.6B | $1.2B |
| Q4 25 | $13.0B | $2.6B | ||
| Q3 25 | $11.5B | $2.6B | ||
| Q2 25 | $11.2B | $2.6B | ||
| Q1 25 | $10.4B | $2.6B | ||
| Q4 24 | $10.5B | $2.5B | ||
| Q3 24 | $10.1B | $2.8B | ||
| Q2 24 | $9.5B | $2.8B | ||
| Q1 24 | $9.2B | $2.5B |
| Q4 25 | 2.54× | 0.60× | ||
| Q3 25 | 2.35× | 0.60× | ||
| Q2 25 | 2.48× | 0.60× | ||
| Q1 25 | 2.49× | 0.60× | ||
| Q4 24 | 2.62× | 0.60× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.67× | 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 | $29.8M |
| Free Cash FlowOCF − Capex | $118.0M | $18.2M |
| FCF MarginFCF / Revenue | 29.4% | 6.0% |
| Capex IntensityCapex / Revenue | 13.9% | 3.8% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $154.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.7M | $29.8M | ||
| Q3 25 | $374.6M | $30.2M | ||
| Q2 25 | $74.6M | $57.2M | ||
| Q1 25 | $210.4M | $73.4M | ||
| Q4 24 | $312.0M | $22.8M | ||
| Q3 24 | $196.9M | $-11.4M | ||
| Q2 24 | $68.8M | $65.0M | ||
| Q1 24 | $208.2M | $-13.7M |
| Q4 25 | $118.0M | $18.2M | ||
| Q3 25 | $320.2M | $18.0M | ||
| Q2 25 | $23.5M | $50.6M | ||
| Q1 25 | $157.4M | $68.0M | ||
| Q4 24 | $268.1M | $18.1M | ||
| Q3 24 | $152.7M | $-20.5M | ||
| Q2 24 | $30.5M | $57.3M | ||
| Q1 24 | $161.7M | $-22.7M |
| Q4 25 | 29.4% | 6.0% | ||
| Q3 25 | 99.9% | 6.2% | ||
| Q2 25 | 7.7% | 17.9% | ||
| Q1 25 | 57.7% | 25.5% | ||
| Q4 24 | 88.5% | 6.8% | ||
| Q3 24 | 65.9% | -8.0% | ||
| Q2 24 | 13.6% | 23.2% | ||
| Q1 24 | 82.9% | -9.6% |
| Q4 25 | 13.9% | 3.8% | ||
| Q3 25 | 17.0% | 4.2% | ||
| Q2 25 | 16.7% | 2.3% | ||
| Q1 25 | 19.5% | 2.0% | ||
| Q4 24 | 14.5% | 1.8% | ||
| Q3 24 | 19.0% | 3.5% | ||
| Q2 24 | 17.1% | 3.1% | ||
| Q1 24 | 23.8% | 3.8% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 75.03× | — | ||
| Q4 24 | 3.88× | 12.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.31× | ||
| 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% |
SYNA
| Enterprise And Automotive Product Applications | $161.1M | 53% |
| Internet Of Things Product Applications | $93.2M | 31% |
| Mobile Product Applications | $48.2M | 16% |
