Sezzle Inc. Financials
Sezzle Inc. (SEZL) reported $450.3M in revenue for fiscal year 2025, up 66.1% from the prior fiscal year. This page shows its 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).
Sezzle’s earnings model shifted from cash-burning growth to self-funded scaling as profits and cash flow outran revenue.
FY2023 exposed the old model: positive earnings but negative operating cash flow, meaning growth was not yet paying for itself. By the latest year, cash conversion quality had flipped, with operating cash flow of$209.9M exceeding net income of$133.1M , so the improvement now reflects actual cash generation rather than a cleaner income statement alone.
What changed operationally is cost absorption, not just faster sales: revenue rose
The balance-sheet posture also looks materially healthier, with current ratio improving from 1.1x to 3.9x over the last two years. Because the old accumulated deficit has been largely worked off, recent earnings are now rebuilding equity instead of merely filling a hole created in earlier loss years, which changes how resilient the balance sheet looks.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Sezzle Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
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 67/100, reflecting efficient cost management and pricing power. This is up from 30.3% the prior year.
Sezzle Inc.'s revenue surged 66.1% year-over-year to $450.3M, reflecting rapid business expansion. This strong growth earns a score of 96/100.
Sezzle Inc. has a moderate D/E ratio of 1.36. This balance of debt and equity financing earns a leverage score of 39/100.
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 85/100.
Sezzle Inc. converts 46.5% of revenue into free cash flow ($209.3M). This strong cash generation earns a score of 96/100.
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 72/100. This is down from 89.4% the prior year.
Sezzle Inc. scores 13.81, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.0B) relative to total liabilities ($230.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Sezzle Inc. passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
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.
Sezzle Inc. earns $12.61 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
Earnings & Revenue
Sezzle Inc. generated $450.3M in revenue in fiscal year 2025. This represents an increase of 66.1% from the prior year.
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.
Sezzle Inc. reported $133.1M in net income in fiscal year 2025. This represents an increase of 69.5% from the prior year.
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
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.
Sezzle Inc. held $64.1M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2025.
Capital Allocation
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.
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.
Not reported for fiscal year 2025.
SEZL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $531.9M | $450.3M+66.1% | $271.1M+70.1% | $159.4M+26.9% | $125.6M+9.4% | $114.8M+95.3% | $58.8M |
| SG&A Expenses | $18.1M | $16.8M+47.1% | $11.4M+32.8% | $8.6M-47.7% | $16.4M+4.1% | $15.8M+118.6% | $7.2M |
| Operating Income | $214.8M | $176.8M+115.0% | $82.2M+270.5% | $22.2M+178.1% | -$28.4M+58.6% | -$68.7M-145.9% | -$27.9M |
| Interest Expense | $13.9M | $14.0M+1.9% | $13.8M-13.8% | $16.0M+85.7% | $8.6M+63.2% | $5.3M+22.5% | $4.3M |
| Income Tax | $39.5M | $29.8M+365.6% | -$11.2M-1932.4% | $611K+780.5% | $69K+18.9% | $58K+88.7% | $31K |
| Net Income | $161.4M | $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 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SEZL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
| 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 |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
SEZL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $275.6M | $209.9M+60.7% | $130.6M+608.5% | -$25.7M-401.8% | $8.5M+111.8% | -$72.1M-190.8% | -$24.8M |
| Capital Expenditures | $989K | $655K+835.7% | $70K-14.2% | $82K+56.2% | $52K-92.4% | $686K+67.0% | $411K |
| Free Cash Flow | $274.6M | $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 | -$207.5M | -$181.6M-99.1% | -$91.2M-6579.4% | -$1.4M-35.5% | -$1.0M+29.0% | -$1.4M-93.8% | -$733K |
| Financing Cash Flow | -$75.7M | -$25.4M-145.1% | -$10.4M-136.7% | $28.2M+279.9% | -$15.7M-124.8% | $63.2M-18.5% | $77.6M |
| Share Buybacks | $66.8M | $64.7M+173.7% | $23.6M+1303.3% | $1.7M+341.3% | $381K-85.6% | $2.7M+333.9% | $611K |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SEZL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| 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+1.5x | 2.44+1.3x | 1.12-0.6x | 1.72-0.3x | 2.06-0.5x | 2.53 |
| Debt-to-Equity | 1.36-1.0x | 2.40-6.2x | 8.62-9.9x | 18.52+13.6x | 4.91+3.0x | 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% |
Not reported in any period shown, so not listed: Gross Margin.
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Where Sezzle Inc. Ranks
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.
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 13.81, 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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 12.61x, 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 76 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.