Affirm Holdings CEO Levchin Max R Buys and Sells 499223 Shares on Aug 28, 2025.

Affirm Holdings, Inc. (AFRM) has recently announced a transaction involving Director, 10% Owner, and Chief Executive Officer Max R Levchin. On August 28, 2025, Levchin purchased 499,223 shares at a price of $49 per share. Subsequently, on the same day, he sold an identical number of shares at a price of $80.17 per share.

Affirm Holdings, Inc. (AFRM) reported a remarkable fourth quarter for fiscal 2025, delivering earnings of $0.20 per share, which was nearly double what analysts had predicted. The company's quarterly revenue surged 33% year-over-year to $876 million, surpassing expectations [1].

CEO Max Levchin celebrated the company's growth during an earnings call, stating, "We didn't just crush this quarter, we actually set a new record in most of our metrics, which is unusual. Fiscal Q2 is the normal peak, but this is Q4 and yet it is the record... Just to tell you that our growth is accelerating and we are firing on all pistons" [1].

A key factor contributing to Affirm's success is its high rate of repeat customers, which accounted for 95% of transactions in the fourth quarter. Levchin noted that the company's focus on underwriting the consumer and maintaining a watchful eye on the ability to repay loans has been instrumental in their success [1].

Affirm's stock price has seen significant gains, with shares up 17.7% month-to-date and a 3-year post-earnings strategy showing 70.02% returns, outperforming benchmarks [2].

On August 28, 2025, Levchin purchased 499,223 shares at a price of $49 per share and subsequently sold an identical number of shares at $80.17 per share on the same day [3]. This transaction highlights the CEO's confidence in the company's growth trajectory.

Affirm is actively expanding its markets with a reusable technology platform and global partnerships while maintaining a partner-centric marketing approach. The company is piloting its Shopify model in the U.K. and foresees further international growth [1].

The company expects to maintain disciplined growth with a focus on profitable loan mix and funding cost management, anticipating remaining within a 3% to 4% RLTC (revenue less transaction cost) range. Levchin mentioned the wind-down of an enterprise merchant partner by the end of fiscal Q1 2026 but did not provide specific quantitative targets for revenue or GMV [2].

References:
[1] https://finance.yahoo.com/news/affirm-stock-firing-pistons-record-152558810.html
[2] https://www.ainvest.com/news/affirm-holdings-2025-q4-earnings-remarkable-turnaround-net-income-surges-253-2508/
[3] https://finance.yahoo.com/news/affirm-stock-soars-bnpl-firms-123133500.html