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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 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
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | - | - | - | - | - |
| Operating margin | 39.3% | 30.3% | 13.9% | -22.6% | -47.5% |
| EBITDA margin | 39.6% | 30.7% | 14.5% | -22.0% | -46.8% |
| Net margin | 29.6% | 29.0% | 4.5% | -30.3% | -55.1% |
| Free cash flow margin | 46.5% | 15.1% | -16.2% | 6.7% | -42.9% |
| FCF / Net income | 1.57 | 0.52 | -3.63 | -0.22 | 0.78 |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | 2.5% | 4.2% | 5.4% | 13.1% | 12.3% |
| Effective tax rate | 18.3% | -16.6% | 7.9% | - | - |
| Return on assets | 33.3% | 26.3% | 3.3% | -22.1% | -14.5% |
| Return on equity | 78.4% | 89.4% | 32.1% | -430.8% | -85.7% |
| Return on invested capital | - | - | - | - | - |
| Liquidity | |||||
| Current ratio | 3.92 | 2.44 | 1.12 | 1.72 | 2.06 |
| Quick ratio | 3.92 | 2.44 | 1.12 | 1.72 | 2.06 |
| Cash ratio | 0.71 | 0.69 | 0.36 | 0.69 | 0.72 |
| Leverage | |||||
| Debt / Equity | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | 12.6x | 6.0x | 1.4x | -3.3x | -6.5x |
| Equity multiplier | 2.36 | 3.40 | 9.62 | 19.52 | 5.91 |
| Liabilities / Assets | 0.58 | 0.71 | 0.90 | 0.95 | 0.83 |
| Efficiency | |||||
| Asset turnover | 1.13 | 0.91 | 0.75 | 0.73 | 0.26 |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | 17.1x | 19.5x | 16.4x | - | - |
| P / B | 13.4x | 2.9x | 0.9x | - | - |
| P / S | 5.0x | 0.9x | 0.1x | - | - |
| EV / EBITDA | 12.4x | 2.2x | -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 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%
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
Comparing Sezzle Inc. against the 5 most active filers in the same SIC group.