SEZL Nasdaq Services-Business Services, Nec Financials FY2020βFY2025
Sezzle Inc. had $450M of revenue in fiscal 2025, up 66.1% on the year before. Over five years, revenue changed +50.3% a year on average.
Last close Β· Oct 23, 2026
$132.12
5.2%Hi! I read Sezzle Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+66.1%
Yes. Sales grew 66.1% last year.
Does it make a profit?
29.6%
Yes. It keeps 29.6% of every sale as profit.
Does profit turn into cash?
46.5%
Yes. 46.5% of sales ends up as free cash.
How healthy are the accounts?
7 / 7
Solid. It passes 7 of 7 health tests.
How is the share priced?
28.8x
One share costs 28.8 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Sezzle Inc. had $450M of revenue in fiscal 2025, up 66.1% on the year before. Over five years, revenue changed +50.3% a year on average. Its operating margin was 39.3%, up 8.9Β pts: of every 100 in sales, about 39 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Sezzle Inc. made $133M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $209M in fiscal 2025, 46.5% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Sezzle Inc. returned $64.7M to shareholders in fiscal 2025, 31% of free cash flow. The diluted share count fell 0.4%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.1M and sold $26.8M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.1M
3 insiders
Sold, 12 months
$26.8M
7 insiders
Of sales under plans
94%
$25.2M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 18, 2026 | Bryan Cecil HuntDirector | Bought | 250 | $115.86 | $0.0M | Form 4 |
| Aug 27, 2026 | Kyle M. BrehmDirector | Sold | 1,000 | $125.92 | $0.1M | Form 4 |
| Aug 20, 2026 | Rajeev KhuranaGeneral Counsel | Bought | 129 | $115.88 | $0.0M | Form 4 |
| Jul 16, 2026 | Paul ParadisDirector & President, Director | Sold plan | 10,732 | $191.10 | $2.1M | Form 4 |
| Jul 16, 2026 | Lee Dickson BradingChief Financial Officer | Sold plan | 434 | $195.03 | $0.1M | Form 4 |
| Jul 15, 2026 | Paul ParadisDirector & President, Director | Sold plan | 8,245 | $190.99 | $1.6M | Form 4 |
| Jul 15, 2026 | Lee Dickson BradingChief Financial Officer | Sold plan | 9,900 | $188.31 | $1.9M | Form 4 |
| Jul 6, 2026 | Lee Dickson BradingChief Financial Officer | Sold plan | 100 | $185.00 | $0.0M | Form 4 |
| Jul 1, 2026 | Amin SabzivandChief Operating Officer | Sold plan | 6,930 | $179.91 | $1.2M | Form 4 |
| Jul 1, 2026 | Lee Dickson BradingChief Financial Officer | Sold plan | 10,000 | $178.23 | $1.8M | Form 4 |
| Jun 26, 2026 | Lee Dickson BradingChief Financial Officer | Sold plan | 5,574 | $169.55 | $0.9M | Form 4 |
| Jun 25, 2026 | Lee Dickson BradingChief Financial Officer | Sold plan | 4,426 | $165.19 | $0.7M | Form 4 |
| Jun 18, 2026 | Paul ParadisDirector & President, Director | Sold plan | 26,400 | $161.35 | $4.3M | Form 4 |
| Jun 18, 2026 | Lee Dickson BradingChief Financial Officer | Sold plan | 3,920 | $160.65 | $0.6M | Form 4 |
| Jun 12, 2026 | Paul ParadisDirector & President, Director | Sold plan | 26,400 | $133.47 | $3.5M | Form 4 |
| May 27, 2026 | Justin KrauseSVP Finance and Controller | Sold plan | 3,178 | $117.72 | $0.4M | Form 4 |
| May 11, 2026 | Paul ParadisDirector & President, Director | Sold plan | 768 | $100.14 | $0.1M | Form 4 |
| May 8, 2026 | Paul ParadisDirector & President, Director | Sold plan | 193 | $100.28 | $0.0M | Form 4 |
| May 7, 2026 | Justin KrauseSVP Finance and Controller | Sold plan | 11,822 | $106.46 | $1.3M | Form 4 |
| May 7, 2026 | Paul ParadisDirector & President, Director | Sold plan | 25,439 | $103.30 | $2.6M | Form 4 |
| Mar 3, 2026 | Kerissa HollisGeneral Counsel and Secretary | Sold | 233 | $71.38 | $0.0M | Form 4 |
| Mar 3, 2026 | Charles YouakimExecutive Chairman and CEO, Director, 10% owner | Sold | 7,185 | $71.38 | $0.5M | Form 4 |
| Mar 3, 2026 | Justin KrauseSVP Finance and Controller | Sold | 1,404 | $71.38 | $0.1M | Form 4 |
| Mar 3, 2026 | Paul ParadisDirector & President, Director | Sold | 5,257 | $71.38 | $0.4M | Form 4 |
| Mar 3, 2026 | Lee Dickson BradingChief Financial Officer | Sold | 1,240 | $71.38 | $0.1M | Form 4 |
| Mar 3, 2026 | Amin SabzivandChief Operating Officer | Sold | 5,118 | $71.38 | $0.4M | Form 4 |
| Feb 26, 2026 | Paul ParadisDirector & President, Director | Sold plan | 26,400 | $81.69 | $2.2M | Form 4 |
| Jan 5, 2026 | Kyle M. BrehmDirector | Sold | 1 | $65.55 | $0.0M | Form 4 |
| Nov 12, 2025 | Kyle M. BrehmDirector | Bought | 1,217 | $57.50 | $0.1M | Form 4 |
| Oct 6, 2025 | Karen HartjeChief Financial Officer | Sold plan | 5,484 | $85.00 | $0.5M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Sezzle Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $77.0M | $68.3M | $67.6M | $73.2M | $64.1M |
| Interest coverage | β13.0x | β3.3x | 1.4x | 6.0x | 12.6x |
| Current ratio | 2.1x | 1.7x | 1.1x | 2.4x | 3.9x |
| Quick ratio | 2.1x | 1.7x | 1.1x | 2.4x | 3.9x |
| 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 (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Sezzle Inc. passes 7 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β |
| F-score | β / 3 | 2 / 7 | 5 / 7 | 3 / 7 | 6 / 7 | 7 / 7 |
| Accruals ratio | β4.4% | β1.5% | β23.5% | 17.0% | β20.4% | β22.0% |
| Altman Z'' | 2.44 | β0.37 | β1.48 | β0.92 | 4.65 | 8.04 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $58.8M | $115M | $126M | $159M | $271M | $450M |
| Operating income | β$27.9M | β$68.7M | β$28.4M | $22.2M | $82.2M | $177M |
| Interest expense | $4.3M | $5.3M | $8.6M | $16.0M | $13.8M | $14.0M |
| Pretax income | β$32.4M | β$75.1M | β$38.0M | $7.7M | $67.3M | $163M |
| Income tax | $0.0M | $0.1M | $0.1M | $0.6M | β$11.2M | $29.8M |
| Net income | β$32.4M | β$75.2M | β$38.1M | $7.1M | $78.5M | $133M |
| Diluted EPS | β$0.17 | β$0.38 | β$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 | β$24.8M | β$72.1M | $8.5M | β$25.7M | $131M | $210M |
| Capital expenditure | $0.4M | $0.7M | $0.1M | $0.1M | $0.1M | $0.7M |
| Free cash flow | β$25.2M | β$72.8M | $8.5M | β$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 | β | β | β |
| 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 | β47.5% | β59.8% | β22.6% | 13.9% | 30.3% | 39.3% |
| EBITDA margin | β46.8% | β59.2% | β22.0% | 14.5% | 30.7% | 39.6% |
| Net margin | β55.1% | β65.5% | β30.3% | 4.5% | 29.0% | 29.6% |
| FCF margin | β42.9% | β63.4% | 6.7% | β16.2% | 48.2% | 46.5% |
| Returns | ||||||
| Return on capital employed | β26.4% | β59.3% | β38.7% | 87.5% | 42.7% | 56.9% |
| Return on equity | β54.0% | β153.8% | β163.4% | 45.9% | 142.9% | 103.3% |
| Return on assets | β18.6% | β37.8% | β19.2% | 3.7% | 30.7% | 38.1% |
| Return on tangible equity | β54.5% | β203.8% | β506.5% | 35.1% | 92.0% | 80.0% |
| Growth | ||||||
| Revenue growth | β | 95.3% | 9.4% | 26.9% | 70.1% | 66.1% |
| Net income growth | β | β | β | β | 1,006.3% | 69.5% |
| EPS growth | β | β | β | β | 75.2% | 69.9% |
| FCF growth | β | β | β | β404.6% | β | 60.3% |
| Share count change | β | 7.2% | β97.3% | 4.3% | 532.0% | β0.4% |
| Financial health | ||||||
| Interest coverage | β6.5x | β13.0x | β3.3x | 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 | β | β | 4.5% | β | 18.1% | 30.9% |
| Quality scores | ||||||
| Piotroski F-score | β | 2.0 | 5.0 | 3.0 | 6.0 | 7.0 |
| Altman Z'' | 2.4 | β0.4 | β1.5 | β0.9 | 4.7 | 8.0 |
| Accruals ratio | β4.4% | β1.5% | β23.5% | 17.0% | β20.4% | β22.0% |
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 β not investment advice. Check the original filings before relying on any figure.
