Sezzle Inc. operates as a technology-enabled payments company primarily in the United States and Canada. The company provides Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks. It also offers Sezzle Virtual Card that allows consumers to access the Sezzle Platform in the form of merchants in-store and online with merchants that are not directly integrated with Sezzle; Sezzle Anywhere, a paid subscription service that allows consumers to use their Sezzle Virtual Card at any merchant online or in-store; Sezzle On-Demand, a service that allows consumers who are not subscribed to Sezzle Anywhere to use the Sezzle Platform at any merchant online or in-store; Sezzle Premium, a paid subscription service that allows its consumers to access large, non-integrated premium merchants; and Sezzle Up, an opt-in feature of the Sezzle Platform. In addition, the company provides Long-Term Lending through collaboration with third-party lenders and Product Innovation. Sezzle Inc. was incorporated in 2016 and is headquartered in Minneapolis, Minnesota.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $450M | $164M | $133M | $207M | 78.4% | 66.1% | 69.5% |
| 2024 | $271M | $69M | $79M | $129M | 89.4% | 70.1% | 1006.3% |
| 2023 | $159M | $25M | $7M | $-27M | 32.1% | 26.9% | -118.6% |
| 2022 | $126M | $-47M | $-38M | $8M | -430.8% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 125.57 | 159.36 | 271.13 | 450.28 |
| Operating Revenue | - | 125.57 | 159.36 | 271.13 | 450.28 |
| Cost Of Revenue | - | 91.99 | 85.58 | 116.89 | 134.81 |
| Gross Profit | - | 24.98 | 73.78 | 154.24 | 315.47 |
| Operating Expense | - | 73.01 | 51.57 | 85.75 | 152.70 |
| Selling General And Administration | - | 35.38 | 20.57 | 21.14 | 48.96 |
| Total Expenses | - | 173.61 | 137.16 | 202.64 | 287.51 |
| Operating Income | - | -48.04 | 22.20 | 68.48 | 162.77 |
| Total Operating Income As Reported | - | -28.43 | 22.20 | 82.25 | 176.79 |
| EBITDA | - | -47.19 | 24.53 | 69.45 | 164.12 |
| Normalized EBITDA | - | -57.42 | 24.99 | 70.97 | 164.12 |
| EBIT | - | -48.04 | 23.68 | 68.48 | 162.77 |
| Interest Expense | 5.27 | 8.60 | 15.97 | 13.76 | - |
| Net Interest Income | -5.27 | -8.60 | -15.97 | -13.76 | - |
| Other Non Operating Income Expenses | - | -0.23 | 1.93 | 0.35 | 0.12 |
| Other Income Expense | - | 10.01 | 1.48 | -1.17 | 0.12 |
| Interest Expense Non Operating | 5.27 | 8.60 | 15.97 | 13.76 | - |
| Net Non Operating Interest Income Expense | -5.27 | -8.60 | -15.97 | -13.76 | - |
| Pretax Income | - | -38.02 | 7.71 | 67.32 | 162.89 |
| Tax Provision | - | 0.07 | 0.61 | -11.20 | 29.76 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 2.15 | -0.04 | -0.32 | 0 |
| Net Income Continuous Operations | - | -38.09 | 7.10 | 78.52 | 133.13 |
| Net Income From Continuing And Discontinued Operation | - | -38.09 | 7.10 | 78.52 | 133.13 |
| Net Income From Continuing Operation Net Minority Interest | - | -38.09 | 7.10 | 78.52 | 133.13 |
| Net Income | - | -38.09 | 7.10 | 78.52 | 133.13 |
| Net Income Common Stockholders | - | -38.09 | 7.10 | 78.52 | 133.13 |
| Net Income Including Noncontrolling Interests | - | -38.09 | 7.10 | 78.52 | 133.13 |
| Normalized Income | - | -46.18 | 7.52 | 79.72 | 133.13 |
| Diluted NI Availto Com Stockholders | - | -38.09 | 7.10 | 78.52 | 133.13 |
| Basic Average Shares | 31.63 | 33.42 | 33.64 | 33.71 | - |
| Diluted Average Shares | 31.63 | 33.42 | 34.07 | 35.89 | - |
| Reconciled Depreciation | - | 0.85 | 0.86 | 0.96 | 1.36 |
| Reconciled Cost Of Revenue | - | 91.99 | 85.58 | 116.89 | 134.81 |
| Total Unusual Items | - | 10.24 | -0.46 | -1.52 | 0 |
| Total Unusual Items Excluding Goodwill | - | 10.24 | -0.46 | -1.52 | 0 |
| Special Income Charges | - | 10.19 | 0 | -0.26 | 0 |
| Other Special Charges | - | 0.81 | - | 0.26 | - |
| Restructuring And Mergern Acquisition | - | -11 | 0 | - | - |
| Gain On Sale Of Security | - | 0.05 | -0.46 | -1.26 | - |
| Depreciation Amortization Depletion Income Statement | 0.75 | 0.84 | - | - | - |
| Depreciation And Amortization In Income Statement | 0.75 | 0.84 | - | - | - |
| General And Administrative Expense | - | 16.41 | 8.59 | 11.40 | 16.77 |
| Other Gand A | - | 16.41 | 8.59 | 11.40 | 16.77 |
| Other Operating Expenses | - | 8.19 | 7.82 | 9.60 | 14.44 |
| Provision For Doubtful Accounts | - | 29.44 | 23.19 | 55.02 | 89.30 |
| Selling And Marketing Expense | - | 18.97 | 11.98 | 9.74 | 32.19 |
| Amortization | 0.36 | 0.50 | - | - | - |
| Amortization Of Intangibles Income Statement | 0.36 | 0.50 | - | - | - |
| Depreciation Income Statement | 0.39 | 0.34 | - | - | - |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Sezzle Inc.this co. | SEZL | $4.1B | 30.56β premium | 23.96 | 78.4% | 25.25 |
| CleanSpark, Inc. | CLSK | $4.3B | 11.81 | 1.98 | 16.8% | 6.67 |
| MarketAxess Holdings Inc. | MKTX | $4.3B | 17.38 | 3.74 | 21.5% | 8.95 |
| ServisFirst Bancshares, Inc. | SFBS | $4.3B | 15.41 | 2.30 | 15.0% | - |
| Fulton Financial Corporation | FULT | $4.2B | 10.70 |
| - |
| - |
| - |
| - |
| 1.27 |
| 11.9% |
| - |
| Enova International, Inc. | ENVA | $4.2B | 13.55 | 3.12 | 23.1% | 19.25 |
| United Community Banks, Inc. | UCB | $4.0B | 12.12 | 1.09 | 9.0% | - |
| Cathay General Bancorp | CATY | $3.9B | 12.38 | 1.33 | 10.8% | - |
| Independent Bank Corp. | INDB | $3.8B | 18.52 | 1.07 | 5.8% | - |
| Peer Median | - | 12.96 | 1.66 | 13.4% | 8.95 | |