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 |
| 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 |
| Operating Income | - | -48.04 | 22.20 | 68.48 | 162.77 |
| EBITDA | - | -47.19 | 24.53 | 69.45 | 164.12 |
| EBIT | - | -48.04 | 23.68 | 68.48 | 162.77 |
| Pretax Income | - | -38.02 | 7.71 | 67.32 | 162.89 |
| Tax Provision | - | 0.07 | 0.61 | -11.20 | 29.76 |
| Net Income | - | -38.09 | 7.10 | 78.52 | 133.13 |
| Net Income Common Stockholders | - | -38.09 | 7.10 | 78.52 | 133.13 |
| Total Expenses | - | 173.61 | 137.16 | 202.64 | 287.51 |
| Interest Expense | 5.27 | 8.60 | 15.97 | 13.76 | - |
| Selling General And Administration | - | 35.38 | 20.57 | 21.14 | 48.96 |
| Normalized EBITDA | - | -57.42 | 24.99 | 70.97 | 164.12 |
| Normalized Income | - | -46.18 | 7.52 | 79.72 | 133.13 |
| Market Cap | 2,660.19 | 2,660.19 | 2,660.19 | 2,660.19 | 2,660.19 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Sezzle Inc.this co. | SEZL | - | 19.98β premium | 15.67 | 78.4% | 16.68 |
| Seacoast Banking Corporation of Florida | SBCF | $2.8B | 21.13 | 1.13 | 5.3% | - |
| Merchants Bancorp | MBIN | $2.8B | 10.29 | 1.30 | 12.6% | - |
| Artisan Partners Asset Management Inc. | APAM | $2.7B | 9.24 | 6.11 | 66.2% | 5.40 |
| The Bancorp, Inc. | TBBK | $2.6B |
| - |
| - |
| - |
| - |
| 10.71 |
| 3.54 |
| 33.1% |
| - |
| Acadian Asset Management Inc. | AAMI | $2.5B | 30.27 | 39.96 | 132.0% | 14.22 |
| WisdomTree, Inc. | WT | $2.3B | 21.24 | 5.60 | 26.4% | 16.65 |
| Hilltop Holdings Inc. | HTH | $2.3B | 12.95 | 0.99 | 7.6% | - |
| Stewart Information Services Corporation | STC | $2.0B | 18.87 | 1.33 | 7.0% | - |
| Peer Median | - | 15.91 | 2.44 | 19.5% | 14.22 | |