CoverageForm 410-K10-Q8-K13D13G13F

SEZL · Sezzle Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · SEZL

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021
Revenue$450.28M$271.13M$159.36M$125.57M$58.79M
Cost of Revenue-----
Gross Profit-----
R&D-----
SG&A$11.40M$11.40M$8.59M$16.41M$7.21M
Total Operating Expenses$273.49M$188.88M$137.16M$154.01M$86.72M
D&A$1.36M$965.4K$855.8K$847.1K$428.4K
Operating Income$176.79M$82.25M$22.20M($28.43M)($27.93M)
Interest Expense$14.02M$13.76M$15.97M$8.60M$4.30M
Income Tax$29.76M($11.21M)$611.5K$69.4K$31.0K
Net Income$133.13M$78.52M$7.10M($38.09M)($32.39M)
EPS - Basic$3.93$2.33$0.21($0.03)($0.03)
EPS - Diluted$3.72$2.19$0.21($0.03)($0.03)

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021
Cash & Equivalents$64.05M$73.19M$67.62M$68.28M$76.98M
Accounts Receivable-----
Inventory-----
Accounts Payable$56.37M$68.97M$74.14M$83.02M$96.52M
Current Assets$351.86M$257.62M$209.04M$170.13M$221.29M
Total Assets$400.23M$298.37M$212.65M$172.58M$223.40M
Current Liabilities$89.77M$105.68M$187.27M$99.19M$107.56M
Long-term Debt-----
Total Liabilities$230.42M$210.54M$190.55M$163.73M$185.61M
Stockholders' Equity$169.81M$87.84M$22.09M$8.84M$37.79M
Retained Earnings($324.0K)($89.77M)($157.52M)($165.50M)($127.40M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021
Operating Cash Flow$209.91M$40.90M($25.69M)$8.51M($24.81M)
Investing Cash Flow($181.57M)($1.46M)($1.37M)($1.01M)($732.9K)
Financing Cash Flow($25.41M)($10.37M)$28.22M($15.69M)$77.57M
CapEx$655.0K$69.8K$81.6K$52.2K$410.9K
Free Cash Flow$209.25M$40.83M($25.77M)$8.46M($25.22M)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021
Profitability
Gross margin-----
Operating margin39.3%30.3%13.9%-22.6%-47.5%
EBITDA margin39.6%30.7%14.5%-22.0%-46.8%
Net margin29.6%29.0%4.5%-30.3%-55.1%
Free cash flow margin46.5%15.1%-16.2%6.7%-42.9%
FCF / Net income1.570.52-3.63-0.220.78
R&D / Revenue-----
SG&A / Revenue2.5%4.2%5.4%13.1%12.3%
Effective tax rate18.3%-16.6%7.9%--
Return on assets33.3%26.3%3.3%-22.1%-14.5%
Return on equity78.4%89.4%32.1%-430.8%-85.7%
Return on invested capital-----
Liquidity
Current ratio3.922.441.121.722.06
Quick ratio3.922.441.121.722.06
Cash ratio0.710.690.360.690.72
Leverage
Debt / Equity-----
Debt / Assets-----
Debt / EBITDA-----
Interest coverage12.6x6.0x1.4x-3.3x-6.5x
Equity multiplier2.363.409.6219.525.91
Liabilities / Assets0.580.710.900.950.83
Efficiency
Asset turnover1.130.910.750.730.26
Inventory turnover-----
Days sales outstanding-----
Days inventory outstanding-----
Days payable outstanding-----
Cash conversion cycle-----
Valuation
P / E17.1x19.5x16.4x--
P / B13.4x2.9x0.9x--
P / S5.0x0.9x0.1x--
EV / EBITDA12.4x2.2x-2.1x--
Growth
Revenue growth (YoY)66.1%70.1%26.9%113.6%-
Revenue CAGR (3y)53.1%66.5%---
Revenue CAGR (5y)-----
Gross profit growth (YoY)-----
Operating income growth (YoY)115.0%270.5%--1.8%-
Net income growth (YoY)69.5%1006.3%--17.6%-
EPS growth (YoY)70.0%950.4%--5.9%-
EPS CAGR (3y)-----
EPS CAGR (5y)-----
FCF growth (YoY)412.5%----
FCF CAGR (5y)-----
Book value growth (YoY)93.3%297.5%149.8%-76.6%-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$758.38M total
Transaction Income$234.12M · 30.9%
Transaction Income Consumer Fees$131.90M · 17.4%
Service Other$116.76M · 15.4%
Merchant And Partner Income$102.20M · 13.5%
Subscription Revenue$99.40M · 13.1%
Income From Other Services Late Payment Fees$74.00M · 9.8%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

3.27
Safe

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • -Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Services-Business Services, NEC

CompanyRevenue (last FY)Net marginROE
ACN---
DASH$13.72B6.8%9.3%
RBA$4.59B9.3%7.7%
AKAM--9.1%
UBER$52.02B19.3%37.2%

Comparing Sezzle Inc. against the 5 most active filers in the same SIC group.