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As of the latest data point for Q2'26 (2025-12-31), AFRM's EV/EBITDA stands at 48.135. This marks a significant decrease from the previous quarter's value of 56.742, continuing a downward adjustment after a period of extreme volatility. Over the period from Q3'23 to Q2'26, the EV/EBITDA ratio for AFRM exhibited substantial fluctuations. The metric was negative and declining through 2024, reaching a low of -78.596 in Q1'25, before experiencing a dramatic spike to 2231.227 in Q2'25. Following this peak, the ratio rapidly normalized, settling into a downward trend but remaining positive through 2025 and into 2026. This pattern indicates a period of financial instability followed by a sharp correction and stabilization.