What is Sezzle Inc.'s earnings per share (EPS)?

Sezzle Inc. (SEZL) reported diluted earnings per share of $3.72 for fiscal year 2025. This represents a 69.9% change compared to the previous fiscal year. 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.

Sezzle Inc. Financials

SEZL

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Sezzle Inc. (SEZL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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

Financial Profile 92/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Sezzle Inc. has an operating margin of 39.3%, meaning the company retains $39 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 30.3% the prior year.

Growth

100

Sezzle Inc.'s revenue surged 66.1% year-over-year to $450.3M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Sezzle Inc. carries a low D/E ratio of 1.36, meaning only $1.36 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.92, Sezzle Inc. holds $3.92 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 77/100.

Cash Flow

100

Sezzle Inc. converts 46.5% of revenue into free cash flow ($209.3M). This strong cash generation earns a score of 100/100.

Returns

100

Sezzle Inc. earns a strong 78.4% return on equity (ROE), meaning it generates $78 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 89.4% the prior year.

Altman Z-Score Safe

8.98

Sezzle Inc. scores 8.98, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.2B) relative to total liabilities ($230.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

6/9

Sezzle Inc. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.58x

For every $1 of reported earnings, Sezzle Inc. generates $1.58 in operating cash flow ($209.9M OCF vs $133.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

12.6x

Sezzle Inc. earns $12.6 in operating income for every $1 of interest expense ($176.8M vs $14.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$450.3M

YoY+66.1%

5Y CAGR+50.3%

Sezzle Inc. generated $450.3M in revenue in fiscal year 2025. This represents an increase of 66.1% from the prior year.

EBITDA

$178.1M

YoY+114.1%

Sezzle Inc.'s EBITDA was $178.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 114.1% from the prior year.

Net Income

$133.1M

YoY+69.5%

Sezzle Inc. reported $133.1M in net income in fiscal year 2025. This represents an increase of 69.5% from the prior year.

EPS (Diluted)

$3.72

YoY+69.9%

Sezzle Inc. earned $3.72 per diluted share (EPS) in fiscal year 2025. This represents an increase of 69.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$209.3M

YoY+60.3%

Sezzle Inc. generated $209.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 60.3% from the prior year.

Cash & Debt

$64.1M

YoY-12.5%

5Y CAGR-5.3%

Sezzle Inc. held $64.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

34M

YoY+0.2%

Sezzle Inc. had 34M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

39.3%

YoY+8.9pp

5Y CAGR+86.8pp

Sezzle Inc.'s operating margin was 39.3% in fiscal year 2025, reflecting core business profitability. This is up 8.9 percentage points from the prior year.

Net Margin

29.6%

YoY+0.6pp

5Y CAGR+84.7pp

Sezzle Inc.'s net profit margin was 29.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.6 percentage points from the prior year.

Return on Equity

78.4%

YoY-11.0pp

5Y CAGR+132.4pp

Sezzle Inc.'s ROE was 78.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$64.7M

YoY+173.7%

5Y CAGR+154.0%

Sezzle Inc. spent $64.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 173.7% from the prior year.

Capital Expenditures

$655K

YoY+835.7%

5Y CAGR+9.8%

Sezzle Inc. invested $655K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 835.7% from the prior year.

SEZL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$450.3M+66.1%	$271.1M+70.1%	$159.4M+26.9%	$125.6M+9.4%	$114.8M+95.3%	$58.8M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$16.8M+47.1%	$11.4M+32.8%	$8.6M-47.7%	$16.4M+4.1%	$15.8M+118.6%	$7.2M
Operating Income	$176.8M+115.0%	$82.2M+270.5%	$22.2M+178.1%	-$28.4M+58.6%	-$68.7M-145.9%	-$27.9M
Interest Expense	$14.0M+1.9%	$13.8M-13.8%	$16.0M+85.7%	$8.6M+63.2%	$5.3M+22.5%	$4.3M
Income Tax	$29.8M+365.6%	-$11.2M-1932.4%	$611K+780.5%	$69K+18.9%	$58K+88.7%	$31K
Net Income	$133.1M+69.5%	$78.5M+1006.3%	$7.1M+118.6%	-$38.1M+49.3%	-$75.2M-132.1%	-$32.4M
EPS (Diluted)	$3.72+69.9%	$2.19	$1.25+117.9%	$-7.00	$-0.38-123.5%	$-0.17

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$129.9M+11.2%	$116.8M+18.3%	$98.7M-5.9%	$104.9M+6.8%	$98.2M+40.4%	$70.0M+25.0%	$56.0M+19.1%	$47.0M
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	$5.0M+3.1%	$4.8M+25.4%	$3.8M+22.8%	$3.1M-23.4%	$4.1M+69.0%	$2.4M-4.2%	$2.5M+6.0%	$2.4M
Operating Income	$55.2M+55.4%	$35.6M-1.5%	$36.1M-27.7%	$49.9M+61.6%	$30.9M+48.1%	$20.8M+24.8%	$16.7M+20.7%	$13.8M
Interest Expense	$3.7M-6.1%	$3.9M+12.1%	$3.5M+20.1%	$2.9M-15.3%	$3.4M+3.4%	$3.3M+14.3%	$2.9M-28.7%	$4.1M
Income Tax	$8.9M+79.2%	$5.0M-2.1%	$5.1M-53.3%	$10.8M+359.0%	$2.4M+9.2%	$2.2M+113.4%	-$16.1M-4202.5%	$393K
Net Income	$42.7M+60.1%	$26.7M-3.4%	$27.6M-23.7%	$36.2M+42.6%	$25.4M+64.2%	$15.4M-48.0%	$29.7M+271.0%	$8.0M
EPS (Diluted)	N/A	$0.75-3.8%	$0.78	$1.00	N/A	$0.44-46.3%	$0.82+272.7%	$0.22

SEZL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$400.2M+34.1%	$298.4M+40.3%	$212.6M+23.2%	$172.6M-22.8%	$223.4M+28.3%	$174.1M
Current Assets	$351.9M+36.6%	$257.6M+23.2%	$209.0M+22.9%	$170.1M-23.1%	$221.3M+27.9%	$173.0M
Cash & Equivalents	$64.1M-12.5%	$73.2M+8.2%	$67.6M-1.0%	$68.3M-11.3%	$77.0M-8.7%	$84.3M
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$230.4M+9.4%	$210.5M+10.5%	$190.6M+16.4%	$163.7M-11.8%	$185.6M+62.6%	$114.2M
Current Liabilities	$89.8M-15.1%	$105.7M-43.6%	$187.3M+88.8%	$99.2M-7.8%	$107.6M+57.3%	$68.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$169.8M+93.3%	$87.8M+297.6%	$22.1M+149.8%	$8.8M-76.6%	$37.8M-37.0%	$60.0M
Retained Earnings	-$324K+99.6%	-$89.8M+43.0%	-$157.5M+4.8%	-$165.5M-29.9%	-$127.4M-143.9%	-$52.2M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$400.2M+9.1%	$367.0M+4.7%	$350.6M+17.6%	$298.1M-0.1%	$298.4M+18.0%	$252.9M+19.2%	$212.1M+8.4%	$195.7M
Current Assets	$351.9M+6.8%	$329.5M+5.8%	$311.5M+17.1%	$265.9M+3.2%	$257.6M+10.8%	$232.4M+22.0%	$190.5M-0.6%	$191.7M
Cash & Equivalents	$64.1M-38.5%	$104.1M+17.1%	$88.9M+0.1%	$88.9M+21.5%	$73.2M-8.6%	$80.1M+38.0%	$58.0M-25.4%	$77.8M
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	$230.4M+8.8%	$211.7M-3.8%	$220.2M+27.8%	$172.3M-18.2%	$210.5M+9.8%	$191.7M+18.5%	$161.8M-2.6%	$166.1M
Current Liabilities	$89.8M-4.2%	$93.7M+5.4%	$88.9M-12.5%	$101.6M-3.9%	$105.7M+9.1%	$96.9M+5.4%	$91.9M-1.1%	$92.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$169.8M+9.4%	$155.3M+19.1%	$130.4M+3.7%	$125.8M+43.2%	$87.8M+43.7%	$61.1M+21.6%	$50.3M+69.8%	$29.6M
Retained Earnings	-$324K+98.3%	-$19.2M+58.2%	-$45.8M+14.5%	-$53.6M+40.3%	-$89.8M+22.0%	-$115.1M+8.6%	-$126.0M+16.0%	-$149.9M

SEZL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$209.9M+60.7%	$130.6M+608.5%	-$25.7M-401.8%	$8.5M+111.8%	-$72.1M-190.8%	-$24.8M
Capital Expenditures	$655K+835.7%	$70K-14.2%	$82K+56.2%	$52K-92.4%	$686K+67.0%	$411K
Free Cash Flow	$209.3M+60.3%	$130.6M+606.7%	-$25.8M-404.6%	$8.5M+111.6%	-$72.8M-188.7%	-$25.2M
Investing Cash Flow	-$181.6M-99.1%	-$91.2M-6579.4%	-$1.4M-35.5%	-$1.0M+29.0%	-$1.4M-93.8%	-$733K
Financing Cash Flow	-$25.4M-145.1%	-$10.4M-136.7%	$28.2M+279.9%	-$15.7M-124.8%	$63.2M-18.5%	$77.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$64.7M+173.7%	$23.6M+1303.3%	$1.7M+341.3%	$381K-85.6%	$2.7M+333.9%	$611K

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$70.6M+10.8%	$63.7M+176.4%	$23.1M-56.1%	$52.5M-8.6%	$57.4M+63.7%	$35.1M+58.1%	$22.2M+38.8%	$16.0M
Capital Expenditures	$61K-62.6%	$163K-59.7%	$404K+1396.3%	$27K-20.6%	$34K+240.0%	$10K-58.3%	$24K+1100.0%	$2K
Free Cash Flow	$70.6M+11.0%	$63.6M+180.6%	$22.7M-56.8%	$52.5M-8.6%	$57.4M+63.6%	$35.1M+58.2%	$22.2M+38.6%	$16.0M
Investing Cash Flow	-$95.8M-205.0%	-$31.4M+48.0%	-$60.4M-1098.2%	$6.0M+110.6%	-$56.8M-91.7%	-$29.6M-9.7%	-$27.0M-221.2%	$22.3M
Financing Cash Flow	-$7.4M+56.7%	-$17.2M-148.6%	$35.3M+197.8%	-$36.1M-433.0%	$10.8M-42.4%	$18.8M+241.8%	-$13.3M+50.4%	-$26.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$30.0M+656.9%	$4.0M-85.9%	$28.2M+1054.6%	$2.4M+68.2%	$1.5M-81.4%	$7.8M-25.9%	$10.6M+178.0%	$3.8M

SEZL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	39.3%+8.9pp	30.3%+16.4pp	13.9%+36.6pp	-22.6%+37.2pp	-59.8%-12.3pp	-47.5%
Net Margin	29.6%+0.6pp	29.0%+24.5pp	4.5%+34.8pp	-30.3%+35.1pp	-65.5%-10.4pp	-55.1%
Return on Equity	78.4%-11.0pp	89.4%+57.3pp	32.1%+462.9pp	-430.8%-231.9pp	-198.9%-144.9pp	-54.0%
Return on Assets	33.3%+6.9pp	26.3%+23.0pp	3.3%+25.4pp	-22.1%+11.6pp	-33.7%-15.1pp	-18.6%
Current Ratio	3.92+1.5	2.44+1.3	1.12-0.6	1.72-0.3	2.06-0.5	2.53
Debt-to-Equity	1.36-1.0	2.40-6.2	8.62-9.9	18.52+13.6	4.91+3.0	1.90
FCF Margin	46.5%-1.7pp	48.2%+64.3pp	-16.2%-22.9pp	6.7%+70.2pp	-63.4%-20.5pp	-42.9%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	42.5%+12.1pp	30.4%-6.1pp	36.6%-11.0pp	47.6%+16.1pp	31.4%+1.6pp	29.8%-0.1pp	29.8%+0.4pp	29.4%
Net Margin	32.9%+10.0pp	22.8%-5.1pp	28.0%-6.5pp	34.5%+8.6pp	25.8%+3.7pp	22.1%-31.0pp	53.1%+36.0pp	17.0%
Return on Equity	25.1%+8.0pp	17.2%-4.0pp	21.2%-7.6pp	28.8%-0.1pp	28.9%+3.6pp	25.3%-33.8pp	59.1%+32.0pp	27.0%
Return on Assets	10.7%+3.4pp	7.3%-0.6pp	7.9%-4.3pp	12.1%+3.6pp	8.5%+2.4pp	6.1%-7.9pp	14.0%+9.9pp	4.1%
Current Ratio	3.92+0.4	3.52+0.0	3.51+0.9	2.62+0.2	2.44+0.0	2.40+0.3	2.070.0	2.06
Debt-to-Equity	1.360.0	1.36-0.3	1.69+0.3	1.37-1.0	2.40-0.7	3.14-0.1	3.22-2.4	5.61
FCF Margin	54.3%-0.1pp	54.4%+31.5pp	22.9%-27.0pp	50.0%-8.4pp	58.4%+8.3pp	50.1%+10.5pp	39.6%+5.6pp	34.0%

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Frequently Asked Questions

What is Sezzle Inc.'s annual revenue?

Sezzle Inc. (SEZL) reported $450.3M in total revenue for fiscal year 2025. This represents a 66.1% 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 66.1% year-over-year, from $271.1M to $450.3M in fiscal year 2025.

Is Sezzle Inc. profitable?

Yes, Sezzle Inc. (SEZL) reported a net income of $133.1M in fiscal year 2025, with a net profit margin of 29.6%.

What is Sezzle Inc.'s EBITDA?

Sezzle Inc. (SEZL) had EBITDA of $178.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Sezzle Inc.'s operating margin?

Sezzle Inc. (SEZL) had an operating margin of 39.3% in fiscal year 2025, 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 29.6% in fiscal year 2025, 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 78.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Sezzle Inc.'s free cash flow?

Sezzle Inc. (SEZL) generated $209.3M in free cash flow during fiscal year 2025. This represents a 60.3% 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 $209.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Sezzle Inc.'s total assets?

Sezzle Inc. (SEZL) had $400.2M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Sezzle Inc.'s capital expenditures?

Sezzle Inc. (SEZL) invested $655K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Sezzle Inc. buy back shares?

Yes, Sezzle Inc. (SEZL) spent $64.7M on share buybacks during fiscal year 2025, 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 2025.

What is Sezzle Inc.'s current ratio?

Sezzle Inc. (SEZL) had a current ratio of 3.92 as of fiscal year 2025, which is generally considered healthy.

What is Sezzle Inc.'s debt-to-equity ratio?

Sezzle Inc. (SEZL) had a debt-to-equity ratio of 1.36 as of fiscal year 2025, 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 33.3% for fiscal year 2025, 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 8.98, 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 6 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 1.58x, considered cash-backed (high 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 12.6x, 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 92 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.