NASDAQ : SEZL
Sezzle Inc. — Financial statements
Financials · Credit Services · United States
Last price 133.86 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.51B
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Financial statements
Sezzle Inc. (SEZL) reported revenue of 531.89M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 531.89M | 450.28M | 271.13M | 159.36M | 125.57M | 114.82M |
| Revenue | 531.89M | 450.28M | 271.13M | 159.36M | 125.57M | 114.82M |
| Cost of Revenue | 133.15M | 120.79M | 103.13M | 85.58M | 91.99M | 100.31M |
| Gross Profit | 398.74M | 329.49M | 168.00M | 73.78M | 33.58M | 14.51M |
| Selling, General & Admin | 83.73M | 63.34M | 30.69M | 28.35M | 43.53M | 30.56M |
| Operating Expenses | 83.73M | 63.34M | 30.69M | 28.35M | 43.53M | 30.56M |
| Operating Income | 315.01M | 266.15M | 137.31M | 45.43M | -9.96M | -16.06M |
| Interest Expense | -13.87M | -14.02M | -13.76M | -15.97M | -8.60M | -5.27M |
| Currency Exchange Gain (Loss) | -100.00K | -100.00K | -100.00K | 207.65K | -118.83K | -69.23K |
| Other Non Operating Income (Expenses) | 80.00K | 223.00K | -807.00K | 1.27M | -56.35K | 4.08K |
| EBT Excluding Unusual Items | 301.12M | 252.26M | 122.64M | 30.94M | -18.73M | -21.39M |
| Merger & Restructuring Charges | 11.00M | |||||
| Asset Writedown | -68.00K | -68.00K | -48.00K | -42.25K | -39.51K | -5.47K |
| Other Unusual Items | -100.13M | -89.30M | -55.27M | -23.19M | -30.25M | -53.71M |
| Pretax Income | 200.91M | 162.89M | 67.32M | 7.71M | -38.02M | -75.11M |
| Income Tax Expense | 39.48M | 29.76M | -11.21M | 611.49K | 69.45K | 58.42K |
| Net Income | 161.43M | 133.13M | 78.52M | 7.10M | -38.09M | -75.17M |
| Net Income to Common | 161.43M | 133.13M | 78.52M | 7.10M | -38.09M | -75.17M |
| Shares Outstanding (Basic) | 33.86M | 33.91M | 33.71M | 33.64M | 32.66M | 31.63M |
| Shares Outstanding (Diluted) | 35.40M | 35.74M | 35.89M | 34.07M | 32.66M | 31.63M |
| EPS (Basic) | 4.77 | 3.93 | 2.33 | 0.21 | -1.17 | -2.38 |
| EPS (Diluted) | 4.55 | 3.72 | 2.19 | 0.21 | -1.17 | -2.38 |
| Free Cash Flow | 274.61M | 209.25M | 130.58M | -25.77M | 8.46M | -72.82M |
| Free Cash Flow Per Share | 7.76 | 5.85 | 3.64 | -0.76 | 0.26 | -2.30 |
| Gross Margin | 74.97% | 73.17% | 61.96% | 46.29% | 26.74% | 12.64% |
| Operating Margin | 59.22% | 59.11% | 50.64% | 28.51% | -7.93% | -13.98% |
| Profit Margin | 30.35% | 29.57% | 28.96% | 4.45% | -30.34% | -65.47% |
| Free Cash Flow Margin | 51.63% | 46.47% | 48.16% | -16.17% | 6.74% | -63.42% |
| EBITDA | 315.60M | 266.41M | 137.37M | 45.62M | -9.61M | -15.31M |
| EBITDA Margin | 59.34% | 59.17% | 50.67% | 28.63% | -7.66% | -13.33% |
| D&A For EBITDA | 596.00K | 256.00K | 65.00K | 189.70K | 343.22K | 749.11K |
| EBIT | 315.01M | 266.15M | 137.31M | 45.43M | -9.96M | -16.06M |
| EBIT Margin | 59.22% | 59.11% | 50.64% | 28.51% | -7.93% | -13.98% |
| Effective Tax Rate | 19.65% | 18.27% | 7.93% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 79.76M | 64.05M | 73.19M | 67.62M | 68.28M | 76.98M |
| Cash & Short-Term Investments | 79.76M | 64.05M | 73.19M | 67.62M | 68.28M | 76.98M |
| Accounts Receivable | 289.16M | 254.90M | 164.56M | 130.63M | 93.36M | 133.99M |
| Other Receivables | 21.00M | 6.19M | 3.63M | 1.57M | 2.53M | 5.08M |
| Receivables | 310.16M | 261.08M | 168.19M | 132.20M | 95.89M | 139.07M |
| Prepaid Expenses | 3.12M | 18.32M | 11.39M | 6.22M | 4.74M | 3.35M |
| Restricted Cash | 4.55M | 8.41M | 4.85M | 2.99M | 1.22M | 1.89M |
| Total Current Assets | 408.36M | 351.86M | 257.62M | 209.04M | 170.13M | 221.29M |
| Property, Plant & Equipment | 665.00K | 800.00K | 994.48K | 86.72K | 948.34K | |
| Other Intangible Assets | 3.33M | 2.44M | 1.90M | 1.32M | 910.58K | |
| Long-Term Deferred Tax Assets | 14.67M | 13.62M | 16.91M | |||
| Other Long-Term Assets | 33.44M | 30.75M | 20.61M | 707.47K | 1.04M | 253.75K |
| Total Assets | 456.47M | 400.23M | 298.37M | 212.65M | 172.58M | 223.40M |
| Accounts Payable | 57.91M | 56.37M | 68.97M | 74.14M | 83.02M | 96.52M |
| Accrued Expenses | 10.14M | 11.35M | 15.70M | 10.79M | 10.45M | 8.00M |
| Current Portion of Long-Term Debt | 94.38M | |||||
| Current Portion of Leases | 281.00K | 163.00K | 96.00K | 57.32K | 79.31K | 171.96K |
| Current Unearned Revenue | 26.87M | 14.97M | 13.46M | 2.64M | 1.52M | |
| Other Current Liabilities | 6.47M | 6.91M | 7.46M | 5.26M | 4.13M | 2.87M |
| Total Current Liabilities | 101.66M | 89.77M | 105.68M | 187.27M | 99.19M | 107.56M |
| Long-Term Debt | 121.52M | 139.99M | 103.99M | 250.00K | 64.03M | 77.96M |
| Long-Term Leases | 312.00K | 661.00K | 823.00K | 981.69K | 90.96K | |
| Other Long-Term Liabilities | 45.00K | 2.05M | 511.30K | |||
| Total Liabilities | 223.50M | 230.42M | 210.54M | 190.55M | 163.73M | 185.61M |
| Common Stock | 196.53M | 194.89M | 188.59M | 2.08K | 2.08K | 2.04K |
| Additional Paid-In Capital | 186.02M | 179.05M | 168.34M | |||
| Retained Earnings | 66.20M | -324.00K | -89.78M | -157.52M | -165.50M | -127.40M |
| Treasury Stock | -28.92M | -24.07M | -9.39M | -5.76M | -4.07M | -3.69M |
| Comprehensive Income & Other | -836.00K | -683.00K | -1.59M | -647.00K | -643.97K | 545.37K |
| Total Common Equity | 232.97M | 169.81M | 87.83M | 22.09M | 8.84M | 37.79M |
| Shareholders' Equity | 232.97M | 169.81M | 87.83M | 22.09M | 8.84M | 37.79M |
| Total Liabilities & Equity | 456.47M | 400.23M | 298.37M | 212.65M | 172.58M | 223.40M |
| Total Debt | 122.11M | 140.81M | 104.91M | 95.67M | 64.11M | 78.22M |
| Net Cash (Debt) | -42.36M | -76.76M | -31.73M | -28.05M | 4.17M | -1.24M |
| Net Cash Per Share | -1.20 | -2.15 | -0.88 | -0.82 | 0.13 | -0.04 |
| Filing Date Shares Outstanding | 33.68M | 33.80M | 33.85M | 33.80M | 32.88M | 32.28M |
| Total Common Shares Outstanding | 33.66M | 33.80M | 33.74M | 34.19M | 32.87M | 32.25M |
| Working Capital | 306.70M | 262.10M | 151.94M | 21.78M | 70.94M | 113.73M |
| Book Value Per Share | 6.92 | 5.02 | 2.60 | 0.65 | 0.27 | 1.17 |
| Tangible Book Value | 232.97M | 166.48M | 85.39M | 20.20M | 7.52M | 36.88M |
| Tangible Book Value Per Share | 6.92 | 4.93 | 2.53 | 0.59 | 0.23 | 1.14 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 161.43M | 133.13M | 78.52M | 7.10M | -38.09M | -75.17M |
| Depreciation & Amortization | 596.00K | 256.00K | 65.00K | 189.70K | 343.22K | 749.11K |
| Other Amortization | 1.63M | 1.63M | 1.43M | 1.40M | 1.49M | 689.93K |
| Loss (Gain) From Sale of Assets | -21.00K | -21.00K | -55.00K | 25.62K | 79.68K | |
| Asset Writedown & Restructuring Costs | 68.00K | 68.00K | 48.00K | 42.25K | 39.51K | 5.47K |
| Stock-Based Compensation | 7.18M | 6.52M | 5.19M | 6.93M | 10.31M | 14.16M |
| Provision & Write-off of Bad Debts | 100.13M | 89.30M | 55.02M | 23.19M | 29.44M | 52.62M |
| Other Operating Activities | 44.98M | 36.03M | -4.32M | 3.81M | 10.02M | 8.44M |
| Change in Accounts Receivable | -36.02M | -36.02M | -12.67M | -2.39M | -6.71M | -11.03M |
| Change in Accounts Payable | -2.26M | -13.04M | -4.34M | -9.12M | -12.93M | 35.70M |
| Change in Unearned Revenue | 2.56M | 1.19M | 1.59M | 1.13M | 1.52M | |
| Change in Other Net Operating Assets | -4.69M | -9.14M | 10.17M | -57.99M | 13.01M | -98.30M |
| Operating Cash Flow | 275.60M | 209.91M | 130.65M | -25.69M | 8.51M | -72.13M |
| Capital Expenditures | -989.00K | -655.00K | -70.00K | -81.61K | -52.24K | -686.03K |
| Sale (Purchase) of Intangibles | -2.71M | -2.04M | -1.39M | -1.28M | -955.84K | -734.00K |
| Other Investing Activities | -203.79M | -178.87M | -89.75M | |||
| Investing Cash Flow | -207.49M | -181.57M | -91.21M | -1.37M | -1.01M | -1.42M |
| Long-Term Debt Issued | 180.86M | 107.43M | 54.85M | 71.16M | 174.67M | |
| Long-Term Debt Repaid | -144.60M | -97.43M | -24.85M | -84.96M | -137.09M | |
| Net Debt Issued (Repaid) | -7.80M | 36.26M | 10.00M | 30.00M | -13.80M | 37.58M |
| Issuance of Common Stock | 829.00K | 3.77M | 4.36M | 27.00K | 424.75K | 31.01M |
| Repurchase of Common Stock | -66.80M | -64.66M | -23.62M | -1.68M | -381.43K | -2.65M |
| Other Financing Activities | -1.93M | -792.00K | -1.11M | -128.60K | -1.93M | -2.70M |
| Financing Cash Flow | -75.69M | -25.41M | -10.37M | 28.22M | -15.69M | 63.24M |
| Foreign Exchange Rate Adjustments | -337.00K | 1.36M | -1.46M | 17.40K | -1.18M | 98.38K |
| Net Cash Flow | -7.92M | 4.29M | 27.61M | 1.18M | -9.37M | -10.21M |
| Free Cash Flow | 274.61M | 209.25M | 130.58M | -25.77M | 8.46M | -72.82M |
| Free Cash Flow Margin | 51.63% | 46.47% | 48.16% | -16.17% | 6.74% | -63.42% |
| Free Cash Flow Per Share | 7.76 | 5.85 | 3.64 | -0.76 | 0.26 | -2.30 |
| Levered Free Cash Flow | 100.54M | 43.94M | 52.17M | -20.28M | 33.72M | -15.58M |
| Unlevered Free Cash Flow | 108.68M | 52.17M | 60.25M | -11.04M | 38.11M | -12.98M |
| Cash Interest Paid | 16.03M | 15.32M | 14.05M | 16.36M | 7.79M | 4.82M |
| Cash Income Tax Paid | 38.83M | 28.07M | 4.77M | 452.43K | 65.39K | 56.02K |
| Change in Working Capital | -40.40M | -57.01M | -5.25M | -68.37M | -5.11M | -73.63M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.54B | 2.17B | 1.43B | 116.82M | ||
| Enterprise Value | 4.58B | 2.18B | 1.45B | 128.11M | ||
| Last Close Price | 134.85 | 63.48 | 42.63 | 3.42 | ||
| PE Ratio | 29.65 | 16.28 | 18.27 | 16.46 | ||
| Forward PE | 22.39 | 15.16 | 22.97 | |||
| PS Ratio | 8.54 | 4.81 | 5.29 | 0.73 | ||
| PB Ratio | 19.49 | 12.77 | 16.33 | 5.29 | ||
| P/TBV Ratio | 19.49 | 13.02 | 16.80 | 5.78 | ||
| P/FCF Ratio | 16.54 | 10.36 | 10.98 | |||
| P/OCF Ratio | 16.48 | 10.33 | 10.98 | |||
| PEG Ratio | 0.08 | 0.06 | ||||
| EV/Sales Ratio | 8.62 | 4.85 | 5.34 | 0.80 | ||
| EV/EBITDA Ratio | 14.52 | 8.19 | 10.55 | 2.81 | ||
| EV/EBIT Ratio | 14.55 | 8.20 | 10.55 | 2.82 | ||
| EV/FCF Ratio | 16.69 | 10.43 | 11.10 | |||
| Debt / Equity Ratio | 0.52 | 0.83 | 1.19 | 4.33 | 7.25 | 2.07 |
| Debt / EBITDA Ratio | 0.39 | 0.53 | 0.76 | 2.10 | ||
| Debt / FCF Ratio | 0.45 | 0.67 | 0.80 | 7.58 | ||
| Net Debt / Equity Ratio | 0.18 | 0.45 | 0.36 | 1.27 | -0.47 | 0.03 |
| Net Debt / EBITDA Ratio | 0.13 | 0.29 | 0.23 | 0.61 | 0.43 | -0.08 |
| Net Debt / FCF Ratio | 0.15 | 0.37 | 0.24 | -1.09 | -0.49 | -0.02 |
| Asset Turnover | 1.32 | 1.29 | 1.06 | 0.83 | 0.63 | 0.58 |
| Quick Ratio | 3.83 | 3.62 | 2.28 | 1.07 | 1.66 | 2.01 |
| Current Ratio | 4.02 | 3.92 | 2.44 | 1.12 | 1.72 | 2.06 |
| Return on Equity (ROE) | 88.85% | 103.34% | 142.86% | 45.89% | -163.37% | -153.80% |
| Return on Assets (ROA) | 48.79% | 47.62% | 33.59% | 14.74% | -3.14% | -5.05% |
| Return on Invested Capital (ROIC) | 101.90% | 118.83% | 161.82% | 152.62% | -45.57% | -57.19% |
| Return on Capital Employed (ROCE) | 88.80% | 85.70% | 71.30% | 179.00% | -13.60% | -13.90% |
| Earnings Yield | 3.37% | 6.14% | 5.47% | 6.08% | ||
| FCF Yield | 6.05% | 9.65% | 9.10% | -22.06% | ||
| Buyback Yield / Dilution | 0.85% | 0.41% | -5.34% | -4.32% | -3.25% | -7.23% |