Affirm's (NASDAQ: AFRM) stock jumped 9% during after-hours trading on Aug. 24 after the buy now, pay later (BNPL) company posted its latest earnings report. For the fourth quarter of fiscal 2023 (which ended on June 30), its revenue rose 22% year over year to $446 million and beat analysts' forecasts by $40 million. Its net loss widened from $186 million to $206 million, or $0.69 per share, but still topped analysts' estimates by $0.14.

Affirm is growing, but it's still struggling to prove its business model is sustainable. Even after its post-earnings pop, it remains nearly 70% below its IPO price from January 2021. So should investors bet on this BNPL leader's long-term recovery?

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Source Fool.com