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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $58.8M | $114.8M | $12.0M | $60.6M | $139.4M | $235.9M |
| Gross profit | — | — | — | — | — | — | — |
| Net income | — | -$32.4M | -$75.2M | -$38.1M | $7.1M | $78.5M | $133.1M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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