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Confirmed

Buy Now Pay Later

7 names are moving together; 43% are participating in the current session.

Co-movement

Observed intraday paths are not available for this group yet.

Members

TICKERCompanySectorTodayObserved activity
XYZBlock, Inc.Technology+1.6%Most structurally connected
AFRMAffirm Holdings, Inc.Financial Services+3.1%Group member
UPSTUpstart Holdings, Inc.Financial Services+0.8%Group member
SOFISoFi Technologies, Inc.Financial Services+2.3%Group member
KLARKlarna Group plcFinancial Services+1.9%Group member
DAVEDave Inc.Technology+6.7%Group member
SEZLSezzle Inc.Financial Services+14.5%Group member

Why we believe this

Cohort

7 names

Participation

43% this session

Observed history

1 daily builds

Filing coverage

6/7 members

credit / rates affecting interest expense

Interest Expense (Income), Net (in thousands, except for percentages) Three Months Ended March 31, 2026 2025 $ Change % Change Interest expense, net $ 53,195 $ 17,243 $ 35,952 209 % Interest expense, net, increased by $36.0 million for the three months ended March 31, 2026, compared to the three months ended March 31, 2025, primarily due to the issuance of our 2030 and 2033 Senior Notes in the third quarter of 2025, which more than offset interest income received on invested funds.

XYZ 10-Q

demand / volume

If demand increases sharply, either to buy or to sell bitcoin, we may not be able to fulfill that demand in a timely manner or at all, which could result in customer frustration or movement to other platforms.

XYZ 10-K

credit / rates

These were partially offset by repurchases of common stock of $987.2 million as well as net repayments under Warehouse Facilities borrowings of $647.7 million.

XYZ 10-Q

Buy Now Pay Later can stay leader-led if KLAR and the next software names fail to join while XYZ keeps moving.

Connected, outside the group

No high-confidence filing-linked non-members are available for this group yet.

History

Historical cohort observations are not available yet.