Sezzle Inc. SEZL
Unless otherwise noted, references in this Form 10-K to "we," "us," "our," "Company," or "Sezzle" refer collectively to Sezzle Inc. and our subsidiaries.
We are a purpose-driven payments company on a mission to financially empower the next generation. Launched in 2017, we have built a digital shopping and payments platform that provides consumers a flexible alternative to traditional credit. Through our products, we aim to give consumers control of their spending, ways to save money, and access to responsible credit. Our vision is to create a digital ecosystem benefiting all of our stakeholders—including merchants, consumers, employees, communities, and investors—while continuing to drive ethical and sustainable growth.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $235.9M | $139.4M | $60.6M | $12.0M | $114.8M | $58.8M | — |
| SG&A | $16.8M | $11.4M | $8.6M | $16.4M | $15.8M | $7.2M | — |
| Total operating expenses | $273.5M | $188.9M | $137.2M | $154.0M | $183.5M | $86.7M | — |
| Operating income | $176.8M | $82.2M | $22.2M | -$28.4M | -$68.7M | -$27.9M | — |
| Interest expense | $14.0M | $13.8M | $16.0M | $8.6M | $5.3M | $4.3M | — |
| Pre-tax income | $162.9M | $67.3M | $7.7M | -$38.0M | -$75.1M | -$32.4M | — |
| Income tax | $29.8M | $11.2M | $611.5K | $69.4K | $58.4K | $31.0K | — |
| Net income | $133.1M | $78.5M | $7.1M | -$38.1M | -$75.2M | -$32.4M | — |
| EPS, basic | 3.93 | 2.33 | 1.27 | -7.00 | -0.38 | -0.17 | — |
| EPS, diluted | 3.72 | 2.19 | 1.25 | -7.00 | -0.38 | -0.17 | — |
| Shares, diluted (wtd. avg.) | $35.7M | $35.9M | $5.7M | $5.4M | $200.3M | $186.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $64.1M | $73.2M | $70.7M | $69.5M | $78.9M | $89.1M | $36.6M |
| Total current assets | $351.9M | $257.6M | $209.0M | $170.1M | $221.3M | $173.0M | — |
| Property, plant and equipment | — | — | — | $281.6K | $662.5K | $375.2K | — |
| Other intangibles | $3.3M | $2.4M | $1.9M | $1.3M | $910.6K | $537.0K | — |
| Total assets | $400.2M | $298.4M | $212.6M | $172.6M | $223.4M | $174.1M | — |
| Accounts payable | $56.4M | $69.0M | $74.1M | $83.0M | $96.5M | $60.9M | — |
| Total current liabilities | $89.8M | $105.7M | $187.3M | $99.2M | $107.6M | $68.4M | — |
| Total liabilities | $230.4M | $210.5M | $190.6M | $163.7M | $185.6M | $114.2M | — |
| Retained earnings | -$324.0K | -$89.8M | -$157.5M | -$165.5M | -$127.4M | -$52.2M | — |
| Total equity | $169.8M | $87.8M | $22.1M | $8.8M | $37.8M | $60.0M | $27.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $209.9M | $130.6M | -$25.7M | $8.5M | -$72.1M | -$24.8M | — |
| Depreciation and amortisation | $1.4M | $965.0K | $855.8K | $847.1K | $749.1K | $428.4K | — |
| Stock-based compensation | $6.5M | $5.2M | $6.9M | $10.3M | $14.2M | $7.0M | — |
| Capital expenditure | $655.0K | $70.0K | $81.6K | $52.2K | $686.0K | $410.9K | — |
| Investing cash flow | -$181.6M | -$91.2M | -$1.4M | -$1.0M | -$1.4M | -$732.9K | — |
| Financing cash flow | -$25.4M | -$10.4M | $28.2M | -$15.7M | $63.2M | $77.6M | — |
| Buybacks | $64.7M | $23.6M | $1.7M | $381.4K | $2.7M | $611.2K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001662991-26-000061.
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