Affirm , the provider of buy now, pay later loans reported better-than-expected fiscal first-quarter results.
Revenue less transaction costs (RLTC) came in at $285 million, ahead of earlier guidance of $265 million to $280 million.
Affirm said it expects to achieve profitability on a GAAP basis in its fiscal fourth quarter of 2025.
Affirm is guiding to GMV in the range of $9.35 billion to $9.75 billion.
In June, Affirm and Apple announced plans for U.S. Apple Pay users on iPhones and iPads to be able to apply for loans directly through Affirm.
Persons:
Max Levchin, StreetAccount, Kevin Kennedy, Kennedy, —, Robert Hum
Organizations:
Revenue, Apple, U.S
Locations:
LSEG