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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $135.54M | - | $116.80M | $98.70M | $104.91M | - | $69.96M | $55.97M | $46.98M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $3.98M | - | $2.42M | $2.52M | $2.38M | - | $2.42M | $2.52M | $2.38M | - |
| Total Operating Expenses | $66.50M | - | $81.23M | $62.62M | $55.02M | - | $49.12M | $39.27M | $33.14M | - |
| D&A | $436.0K | - | - | - | $274.0K | - | - | - | $226.8K | - |
| Operating Income | $69.04M | - | $35.56M | $36.09M | $49.90M | - | $20.84M | $16.70M | $13.83M | - |
| Interest Expense | $3.02M | - | $3.92M | $3.50M | $4.08M | - | $3.33M | $2.91M | $4.08M | - |
| Income Tax | $14.69M | - | $4.96M | $5.07M | $10.84M | - | $2.16M | ($16.12M) | $393.1K | - |
| Net Income | $51.30M | - | $26.67M | $27.60M | $36.16M | - | $15.45M | $29.70M | $8.01M | - |
| EPS - Basic | $1.52 | - | $0.78 | $0.82 | $1.07 | - | $0.47 | $0.88 | $0.23 | - |
| EPS - Diluted | $1.47 | - | $0.75 | $0.78 | $1.00 | - | $0.44 | $0.82 | $0.22 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $120.45M | $64.05M | $104.15M | $88.94M | $88.89M | $73.19M | $80.06M | $58.03M | $77.78M | $67.62M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $57.57M | $56.37M | $57.83M | $60.48M | $65.38M | $68.97M | $70.45M | $71.25M | $73.73M | $74.14M |
| Current Assets | $411.19M | $351.86M | $329.45M | $311.53M | $265.94M | $257.62M | $232.43M | $190.47M | $191.68M | $209.04M |
| Total Assets | $454.31M | $400.23M | $366.96M | $350.55M | $298.07M | $298.37M | $252.87M | $212.08M | $195.71M | $212.65M |
| Current Liabilities | $112.60M | $89.77M | $93.66M | $88.87M | $101.60M | $105.68M | $96.88M | $91.95M | $92.94M | $187.27M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $257.58M | $230.42M | $211.69M | $220.15M | $172.31M | $210.54M | $191.73M | $161.79M | $166.10M | $190.55M |
| Stockholders' Equity | $196.72M | $169.81M | $155.27M | $130.40M | $125.76M | $87.84M | $61.14M | $50.29M | $29.61M | $22.09M |
| Retained Earnings | $28.27M | ($324.0K) | ($19.16M) | ($45.83M) | ($53.61M) | ($89.77M) | ($115.14M) | ($125.96M) | ($149.92M) | ($157.52M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $88.98M | - | - | - | $58.84M | - | - | - | $38.61M | - |
| Investing Cash Flow | ($22.49M) | - | - | - | ($308.0K) | - | - | - | ($340.1K) | - |
| Financing Cash Flow | ($21.50M) | - | - | - | ($36.11M) | - | - | - | ($26.76M) | - |
| CapEx | $351.0K | - | - | - | $27.0K | - | - | - | $1.8K | - |
| Free Cash Flow | $88.63M | - | - | - | $58.81M | - | - | - | $38.61M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 50.9% | - | 30.4% | 36.6% | 47.6% | - | 29.8% | 29.8% | 29.4% | - |
| EBITDA margin | 51.3% | - | - | - | 47.8% | - | - | - | 29.9% | - |
| Net margin | 37.9% | - | 22.8% | 28.0% | 34.5% | - | 22.1% | 53.1% | 17.0% | - |
| Free cash flow margin | 65.4% | - | - | - | 56.1% | - | - | - | 82.2% | - |
| FCF / Net income | 1.73 | - | - | - | 1.63 | - | - | - | 4.82 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.9% | - | 2.1% | 2.6% | 2.3% | - | 3.5% | 4.5% | 5.1% | - |
| Effective tax rate | 22.3% | - | 15.7% | 15.5% | 23.1% | - | 12.3% | -118.7% | 4.7% | - |
| Return on assets | 11.3% | - | 7.3% | 7.9% | 12.1% | - | 6.1% | 14.0% | 4.1% | - |
| Return on equity | 26.1% | - | 17.2% | 21.2% | 28.8% | - | 25.3% | 59.1% | 27.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.65 | 3.92 | 3.52 | 3.51 | 2.62 | 2.44 | 2.40 | 2.07 | 2.06 | 1.12 |
| Quick ratio | 3.65 | 3.92 | 3.52 | 3.51 | 2.62 | 2.44 | 2.40 | 2.07 | 2.06 | 1.12 |
| Cash ratio | 1.07 | 0.71 | 1.11 | 1.00 | 0.87 | 0.69 | 0.83 | 0.63 | 0.84 | 0.36 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 22.9x | - | 9.1x | 10.3x | 12.2x | - | 6.3x | 5.7x | 3.4x | - |
| Equity multiplier | 2.31 | 2.36 | 2.36 | 2.69 | 2.37 | 3.40 | 4.14 | 4.22 | 6.61 | 9.62 |
| Liabilities / Assets | 0.57 | 0.58 | 0.58 | 0.63 | 0.58 | 0.71 | 0.76 | 0.76 | 0.85 | 0.90 |
| Efficiency | ||||||||||
| Asset turnover | 0.30 | - | 0.32 | 0.28 | 0.35 | - | 0.28 | 0.26 | 0.24 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 43.1x | - | 106.0x | 229.8x | 34.9x | - | 65.1x | 17.9x | 63.1x | - |
| P / B | 11.2x | - | 18.3x | 48.8x | 10.0x | - | 2.7x | 1.8x | 2.8x | - |
| P / S | 16.3x | - | 24.3x | 64.5x | 12.0x | - | 2.4x | 1.6x | 1.8x | - |
| EV / EBITDA | 30.1x | - | - | - | 23.4x | - | - | - | 0.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 29.2% | - | 67.0% | 76.4% | 123.3% | - | 71.3% | 60.2% | 35.5% | - |
| Revenue CAGR (3y) | 57.5% | - | 56.6% | 50.0% | 59.1% | - | 63.8% | 26.2% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 38.4% | - | 70.6% | 116.1% | 260.7% | - | 289.6% | 343.7% | 155.3% | - |
| Net income growth (YoY) | 41.9% | - | 72.7% | -7.1% | 351.7% | - | 1093.3% | 2505.9% | 364.3% | - |
| EPS growth (YoY) | 47.0% | - | 71.8% | -5.1% | 347.8% | - | 89.9% | 310.8% | -28.0% | - |
| EPS CAGR (3y) | 68.0% | - | 234.7% | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 50.7% | - | - | - | 52.3% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 56.4% | 93.3% | 154.0% | 159.3% | 324.7% | 297.5% | 240.1% | 208.9% | 116.7% | 149.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$758.38M totalTransaction 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%
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing Sezzle Inc. against the 5 most active filers in the same SIC group.