AFRM vs COIN
Affirm Holdings, Inc. and Coinbase Global, Inc., side by side — 7 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | AFRM | COIN |
|---|---|---|
| Revenue | $4.3B | $7.2B |
| Net income | $1.9B | $1.3B |
| Gross margin | — | — |
| Net margin | 45.3% | 17.6% |
| Return on equity | 45.1% | 10.1% |
| Diluted EPS | $5.53 | $4.45 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | $992.6M | — |
| Equity | $5.5B | $14.8B |
| Net debt / equity | 1.49× | −0.28× |
| Current ratio | — | 2.34× |
| Revenue CAGR 5y | 37.4% | 41.2% |
| Profit CAGR 5y | — | 31.4% |
COIN bills 1.7× the revenue of AFRM, and AFRM keeps more of each dollar of revenue as profit (45.3% against 17.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
7 years side by side
| Fiscal year | AFRM | COIN |
|---|---|---|
| FY2025 | $4.3B | $7.2B |
| FY2024 | $3.2B | $6.6B |
| FY2023 | $2.3B | $3.1B |
| FY2022 | $1.6B | $3.2B |
| FY2021 | $1.3B | $7.8B |
| FY2020 | $870.5M | $1.3B |
| FY2019 | $509.5M | $533.7M |
Net income by year
Bottom line
| Fiscal year | AFRM | COIN |
|---|---|---|
| FY2025 | $1.9B | $1.3B |
| FY2024 | $52.2M | $2.6B |
| FY2023 | $-517.8M | $94.9M |
| FY2022 | $-985.3M | $-2.6B |
| FY2021 | $-707.4M | $3.6B |
| FY2020 | $-441.0M | $322.3M |
| FY2019 | $-112.6M | $-30.4M |