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Sezzle Inc.

SEZL Nasdaq Services-Business Services, Nec Financials FY2020–FY2025

Revenue Total sales reported in the income statement.
$450M
66.1% vs prior year
Operating margin Operating income as a share of revenue.
39.3%
8.9 pts
Net income Profit after all expenses, interest and tax.
$133M
69.5%
Free cash flow Cash from operations minus capital spending.
$209M
60.3%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
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P/E Last close divided by diluted earnings per share over the last four quarters.
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On $4.58 EPS (TTM)

What Sezzle Inc. does

No business description yet.

Legal name
Sezzle Inc.
Fiscal year ends
December 31, 2025
Latest annual report
10-K · Feb 26, 2026
Accession · CIK
0001662991-26-000016
0001662991

Revenue and margins

Sezzle Inc. had $450M of revenue in fiscal 2025, up 66.1% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $209M in fiscal 2025, 46.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Sezzle Inc. returned $64.7M to shareholders in fiscal 2025, 31% of free cash flow. The diluted share count fell 0.4%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Balance sheet

Cash, debt and the ratios that show how comfortably Sezzle Inc. can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $77.0M$68.3M$67.6M$73.2M$64.1M
Interest coverage −13.0x−3.3x1.4x6.0x12.6x
Current ratio 2.1x1.7x1.1x2.4x3.9x
Quick ratio 2.1x1.7x1.1x2.4x3.9x
Total assets $223M$173M$213M$298M$400M
Total liabilities $186M$164M$191M$211M$230M
Shareholders' equity $37.8M$8.8M$22.1M$87.8M$170M
Net debt (− = net cash) —————

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY20FY21FY22FY23FY24FY25
Net income is positive ✕ ✕ ✕ ✓ ✓ ✓
Cash from operations is positive ✕ ✕ ✓ ✕ ✓ ✓
Return on assets rose — ✕ ✓ ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓ ✕ ✓ ✓
Debt fell relative to assets — — — — — —
Current ratio rose — ✕ ✕ ✕ ✓ ✓
Share count didn't rise — ✕ ✓ ✕ ✕ ✓
Gross margin rose — — — — — —
Revenue rose relative to assets — ✓ ✓ ✓ ✓ ✓
F-score — / 32 / 75 / 73 / 76 / 77 / 7
Accruals ratio −4.4%−1.5%−23.5%17.0%−20.4%−22.0%
Altman Z'' 2.44−0.37−1.48−0.924.658.04

6 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY20FY21FY22FY23FY24FY25
Income statement
Revenue $58.8M $115M $126M $159M $271M $450M
Operating income −$27.9M −$68.7M −$28.4M $22.2M $82.2M $177M
Interest expense $4.3M $5.3M $8.6M $16.0M $13.8M $14.0M
Pretax income −$32.4M −$75.1M −$38.0M $7.7M $67.3M $163M
Income tax $0.0M $0.1M $0.1M $0.6M −$11.2M $29.8M
Net income −$32.4M −$75.2M −$38.1M $7.1M $78.5M $133M
Diluted EPS −$0.17 −$0.38 −$7.00 $1.25 $2.19 $3.72
Diluted shares 0.19B 0.20B 0.01B 0.01B 0.04B 0.04B
Cash flow
Cash from operations −$24.8M −$72.1M $8.5M −$25.7M $131M $210M
Capital expenditure $0.4M $0.7M $0.1M $0.1M $0.1M $0.7M
Free cash flow −$25.2M −$72.8M $8.5M −$25.8M $131M $209M
Depreciation and amortization $0.4M $0.7M $0.8M $0.9M $1.0M $1.4M
Stock-based compensation $7.0M $14.2M $10.3M $6.9M $5.2M $6.5M
Share buybacks $0.6M $2.7M $0.4M $1.7M $23.6M $64.7M
Dividends and buybacks $0.6M $2.7M $0.4M $1.7M $23.6M $64.7M
Balance sheet
Cash and short-term investments $84.3M $77.0M $68.3M $67.6M $73.2M $64.1M
Current assets $173M $221M $170M $209M $258M $352M
Current liabilities $68.4M $108M $99.2M $187M $106M $89.8M
Property and equipment, net $0.4M $0.7M $0.3M — — —
Intangible assets $0.5M $0.9M $1.3M $1.9M $2.4M $3.3M
Total assets $174M $223M $173M $213M $298M $400M
Total liabilities $114M $186M $164M $191M $211M $230M
Shareholders' equity $60.0M $37.8M $8.8M $22.1M $87.8M $170M
Margins
Operating margin −47.5% −59.8% −22.6% 13.9% 30.3% 39.3%
EBITDA margin −46.8% −59.2% −22.0% 14.5% 30.7% 39.6%
Net margin −55.1% −65.5% −30.3% 4.5% 29.0% 29.6%
FCF margin −42.9% −63.4% 6.7% −16.2% 48.2% 46.5%
Returns
Return on capital employed −26.4% −59.3% −38.7% 87.5% 42.7% 56.9%
Return on equity −54.0% −153.8% −163.4% 45.9% 142.9% 103.3%
Return on assets −18.6% −37.8% −19.2% 3.7% 30.7% 38.1%
Return on tangible equity −54.5% −203.8% −506.5% 35.1% 92.0% 80.0%
Growth
Revenue growth — 95.3% 9.4% 26.9% 70.1% 66.1%
Net income growth — — — — 1,006.3% 69.5%
EPS growth — — — — 75.2% 69.9%
FCF growth — — — −404.6% — 60.3%
Share count change — 7.2% −97.3% 4.3% 532.0% −0.4%
Financial health
Interest coverage −6.5x −13.0x −3.3x 1.4x 6.0x 12.6x
Current ratio 2.5x 2.1x 1.7x 1.1x 2.4x 3.9x
Quick ratio 2.5x 2.1x 1.7x 1.1x 2.4x 3.9x
Capital allocation
Capex / revenue 0.7% 0.6% 0.0% 0.1% 0.0% 0.1%
Stock comp / revenue 11.9% 12.3% 8.2% 4.4% 1.9% 1.4%
Payouts / FCF — — 4.5% — 18.1% 30.9%
Quality scores
Piotroski F-score — 2.0 5.0 3.0 6.0 7.0
Altman Z'' 2.4 −0.4 −1.5 −0.9 4.7 8.0
Accruals ratio −4.4% −1.5% −23.5% 17.0% −20.4% −22.0%

Source: SEC EDGAR XBRL filings (CIK 0001662991). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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