Sezzle Inc. Financials
This page shows Sezzle Inc. (SEZL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Sezzle Inc. has an operating margin of 30.3%, meaning the company retains $30 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 13.9% the prior year.
Sezzle Inc.'s revenue surged 70.1% year-over-year to $271.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Sezzle Inc. has elevated debt relative to equity (D/E of 2.40), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 22/100, reflecting increased financial risk.
With a current ratio of 2.44, Sezzle Inc. holds $2.44 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 78/100.
Sezzle Inc. converts 15.1% of revenue into free cash flow ($40.8M). This strong cash generation earns a score of 75/100.
Sezzle Inc. earns a strong 89.4% return on equity (ROE), meaning it generates $89 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 32.1% the prior year.
Sezzle Inc. scores 8.24, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.2B) relative to total liabilities ($210.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Sezzle Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Sezzle Inc. generates $0.52 in operating cash flow ($40.9M OCF vs $78.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Sezzle Inc. earns $6.0 in operating income for every $1 of interest expense ($82.2M vs $13.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Sezzle Inc. generated $271.1M in revenue in fiscal year 2024. This represents an increase of 70.1% from the prior year.
Sezzle Inc.'s EBITDA was $83.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 260.9% from the prior year.
Sezzle Inc. generated $40.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 258.4% from the prior year.
Sezzle Inc. reported $78.5M in net income in fiscal year 2024. This represents an increase of 1006.3% from the prior year.
Sezzle Inc. earned $13.13 per diluted share (EPS) in fiscal year 2024. This represents an increase of 950.4% from the prior year.
Sezzle Inc. held $73.2M in cash against $0 in long-term debt as of fiscal year 2024.
Sezzle Inc. had 34M shares outstanding in fiscal year 2024. This represents an increase of 492.1% from the prior year.
Sezzle Inc.'s operating margin was 30.3% in fiscal year 2024, reflecting core business profitability. This is up 16.4 percentage points from the prior year.
Sezzle Inc.'s net profit margin was 29.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 24.5 percentage points from the prior year.
Sezzle Inc.'s ROE was 89.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 57.3 percentage points from the prior year.
Sezzle Inc. spent $23.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1303.3% from the prior year.
Sezzle Inc. invested $70K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 14.5% from the prior year.
SEZL Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $116.8M+18.3% | $98.7M-5.9% | $104.9M+6.8% | $98.2M+75.5% | $56.0M+19.1% | $47.0M-3.9% | $48.9M+19.7% | $40.8M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $4.8M+25.4% | $3.8M+22.8% | $3.1M-23.4% | $4.1M+62.0% | $2.5M+6.0% | $2.4M+24.7% | $1.9M-12.6% | $2.2M |
| Operating Income | $35.6M-1.5% | $36.1M-27.7% | $49.9M+61.6% | $30.9M+84.9% | $16.7M+20.7% | $13.8M+80.4% | $7.7M+43.3% | $5.3M |
| Interest Expense | $3.9M+12.1% | $3.5M+20.1% | $2.9M-15.3% | $3.4M+18.2% | $2.9M-28.7% | $4.1M-9.6% | $4.5M+9.0% | $4.1M |
| Income Tax | $5.0M-2.1% | $5.1M-53.3% | $10.8M+359.0% | $2.4M+114.6% | -$16.1M-4202.5% | $393K-30.3% | $563K+3449.6% | $16K |
| Net Income | $26.7M-3.4% | $27.6M-23.7% | $36.2M+42.6% | $25.4M-14.6% | $29.7M+271.0% | $8.0M+172.4% | $2.9M+127.1% | $1.3M |
| EPS (Diluted) | $0.75-3.8% | $0.78 | $1.00 | $11.65 | $0.82+272.7% | $0.22-56.9% | $0.51+121.7% | $0.23 |
SEZL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $367.0M+4.7% | $350.6M+17.6% | $298.1M-0.1% | $298.4M+40.7% | $212.1M+8.4% | $195.7M-8.0% | $212.6M+18.2% | $179.9M |
| Current Assets | $329.5M+5.8% | $311.5M+17.1% | $265.9M+3.2% | $257.6M+35.3% | $190.5M-0.6% | $191.7M-8.3% | $209.0M+18.6% | $176.2M |
| Cash & Equivalents | $104.1M+17.1% | $88.9M+0.1% | $88.9M+21.5% | $73.2M+26.1% | $58.0M-25.4% | $77.8M+15.0% | $67.6M+3.8% | $65.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $211.7M-3.8% | $220.2M+27.8% | $172.3M-18.2% | $210.5M+30.1% | $161.8M-2.6% | $166.1M-12.8% | $190.6M+17.7% | $161.9M |
| Current Liabilities | $93.7M+5.4% | $88.9M-12.5% | $101.6M-3.9% | $105.7M+14.9% | $91.9M-1.1% | $92.9M-50.4% | $187.3M+124.4% | $83.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $155.3M+19.1% | $130.4M+3.7% | $125.8M+43.2% | $87.8M+74.7% | $50.3M+69.8% | $29.6M+34.0% | $22.1M+22.9% | $18.0M |
| Retained Earnings | -$19.2M+58.2% | -$45.8M+14.5% | -$53.6M+40.3% | -$89.8M+28.7% | -$126.0M+16.0% | -$149.9M+4.8% | -$157.5M+1.8% | -$160.5M |
SEZL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.1M+191.1% | -$36.3M-161.7% | $58.8M+5953.0% | $972K+122.1% | -$4.4M-111.4% | $38.6M+357.2% | -$15.0M-14.2% | -$13.2M |
| Capital Expenditures | $163K-59.7% | $404K+1396.3% | $27K-20.0% | $34K+40.7% | $24K+1100.0% | $2K-92.9% | $28K+223.0% | -$23K |
| Free Cash Flow | $32.9M+189.7% | -$36.7M-162.4% | $58.8M+6167.9% | $938K+121.2% | -$4.4M-111.4% | $38.6M+356.7% | -$15.0M-14.2% | -$13.2M |
| Investing Cash Flow | -$775K+24.0% | -$1.0M-231.2% | -$308K+24.1% | -$406K+6.5% | -$434K-27.6% | -$340K-3.7% | -$328K-10.0% | -$298K |
| Financing Cash Flow | -$17.2M-148.6% | $35.3M+197.8% | -$36.1M-433.0% | $10.8M+181.7% | -$13.3M+50.4% | -$26.8M-240.8% | $19.0M+10.2% | $17.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $4.0M-85.9% | $28.2M+1054.6% | $2.4M+68.2% | $1.5M-86.2% | $10.6M+178.0% | $3.8M+10076.2% | $37K-89.0% | $341K |
SEZL Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 30.4%-6.1pp | 36.6%-11.0pp | 47.6%+16.1pp | 31.4%+1.6pp | 29.8%+0.4pp | 29.4%+13.8pp | 15.7%+2.6pp | 13.1% |
| Net Margin | 22.8%-5.1pp | 28.0%-6.5pp | 34.5%+8.6pp | 25.8%-27.2pp | 53.1%+36.0pp | 17.0%+11.0pp | 6.0%+2.8pp | 3.2% |
| Return on Equity | 17.2%-4.0pp | 21.2%-7.6pp | 28.8%-0.1pp | 28.9%-30.2pp | 59.1%+32.0pp | 27.0%+13.7pp | 13.3%+6.1pp | 7.2% |
| Return on Assets | 7.3%-0.6pp | 7.9%-4.3pp | 12.1%+3.6pp | 8.5%-5.5pp | 14.0%+9.9pp | 4.1%+2.7pp | 1.4%+0.7pp | 0.7% |
| Current Ratio | 3.52+0.0 | 3.51+0.9 | 2.62+0.2 | 2.44+0.4 | 2.070.0 | 2.06+0.9 | 1.12-1.0 | 2.11 |
| Debt-to-Equity | 1.36-0.3 | 1.69+0.3 | 1.37-1.0 | 2.40-0.8 | 3.22-2.4 | 5.61-3.0 | 8.62-0.4 | 9.01 |
| FCF Margin | 28.2%+65.4pp | -37.2%-93.3pp | 56.1%+55.1pp | 1.0%+8.9pp | -7.9%-90.1pp | 82.2%+112.9pp | -30.8%+1.5pp | -32.3% |
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Frequently Asked Questions
What is Sezzle Inc.'s annual revenue?
Sezzle Inc. (SEZL) reported $271.1M in total revenue for fiscal year 2024. This represents a 70.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Sezzle Inc.'s revenue growing?
Sezzle Inc. (SEZL) revenue grew by 70.1% year-over-year, from $159.4M to $271.1M in fiscal year 2024.
Is Sezzle Inc. profitable?
Yes, Sezzle Inc. (SEZL) reported a net income of $78.5M in fiscal year 2024, with a net profit margin of 29.0%.
What is Sezzle Inc.'s earnings per share (EPS)?
Sezzle Inc. (SEZL) reported diluted earnings per share of $13.13 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Sezzle Inc.'s EBITDA?
Sezzle Inc. (SEZL) had EBITDA of $83.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Sezzle Inc.'s operating margin?
Sezzle Inc. (SEZL) had an operating margin of 30.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Sezzle Inc.'s net profit margin?
Sezzle Inc. (SEZL) had a net profit margin of 29.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Sezzle Inc.'s return on equity (ROE)?
Sezzle Inc. (SEZL) has a return on equity of 89.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Sezzle Inc.'s free cash flow?
Sezzle Inc. (SEZL) generated $40.8M in free cash flow during fiscal year 2024. This represents a 258.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Sezzle Inc.'s operating cash flow?
Sezzle Inc. (SEZL) generated $40.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Sezzle Inc.'s total assets?
Sezzle Inc. (SEZL) had $298.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Sezzle Inc.'s capital expenditures?
Sezzle Inc. (SEZL) invested $70K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Sezzle Inc. buy back shares?
Yes, Sezzle Inc. (SEZL) spent $23.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Sezzle Inc. have outstanding?
Sezzle Inc. (SEZL) had 34M shares outstanding as of fiscal year 2024.
What is Sezzle Inc.'s current ratio?
Sezzle Inc. (SEZL) had a current ratio of 2.44 as of fiscal year 2024, which is generally considered healthy.
What is Sezzle Inc.'s debt-to-equity ratio?
Sezzle Inc. (SEZL) had a debt-to-equity ratio of 2.40 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sezzle Inc.'s return on assets (ROA)?
Sezzle Inc. (SEZL) had a return on assets of 26.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Sezzle Inc.'s Altman Z-Score?
Sezzle Inc. (SEZL) has an Altman Z-Score of 8.24, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Sezzle Inc.'s Piotroski F-Score?
Sezzle Inc. (SEZL) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sezzle Inc.'s earnings high quality?
Sezzle Inc. (SEZL) has an earnings quality ratio of 0.52x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Sezzle Inc. cover its interest payments?
Sezzle Inc. (SEZL) has an interest coverage ratio of 6.0x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Sezzle Inc.?
Sezzle Inc. (SEZL) scores 79 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.