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SEZL

Sezzle Inc.

SEZL

Sezzle Inc. • NASDAQ
$61.75 ▲ 4.95% (+2.91)
Market Cap $2.11 B
52w High $186.74
52w Low $24.86
Dividend Yield 0%
P/E 19
Volume 577.32K
Outstanding Shares 34.15M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $116.796M ▲ $63.8M ▲ $26.671M ▼ 22.836% ▼ $0.78 ▲ $35.924M ▼
Q2-2025 $98.702M ▼ $36.692M ▲ $27.604M ▼ 27.967% ▼ $0.76 ▼ $36.497M ▼
Q1-2025 $104.912M ▲ $24.652M ▼ $36.164M ▲ 34.471% ▲ $1.07 ▲ $50.194M ▲
Q4-2024 $98.223M ▲ $36.699M ▲ $25.367M ▲ 25.826% ▲ $0.75 ▲ $31.428M ▲
Q3-2024 $69.958M $22.931M $15.446M 22.079% $0.46 $21.171M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $104.147M ▲ $366.964M ▲ $211.694M ▼ $155.27M ▲
Q2-2025 $88.943M ▲ $350.552M ▲ $220.154M ▲ $130.398M ▲
Q1-2025 $88.893M ▲ $298.074M ▼ $172.312M ▼ $125.762M ▲
Q4-2024 $73.185M ▼ $298.372M ▲ $210.537M ▲ $87.835M ▲
Q3-2024 $80.063M $252.869M $191.731M $61.138M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $26.671M ▼ $33.096M ▲ $-775K ▲ $-17.169M ▼ $14.687M ▲ $32.321M ▲
Q2-2025 $27.604M ▼ $-36.315M ▼ $-1.02M ▼ $35.305M ▲ $-900K ▼ $-36.719M ▼
Q1-2025 $36.164M ▲ $58.837M ▲ $-308K ▲ $-36.114M ▼ $22.559M ▲ $58.529M ▲
Q4-2024 $25.367M ▲ $971.412K ▼ $-405.813K ▼ $10.845M ▼ $9.967M ▼ $937.716K ▼
Q3-2024 $15.446M $5.71M $-284.008K $18.828M $24.351M $5.426M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Service Other
Service Other
 $10.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Subscription Revenue
Subscription Revenue
 $20.00M ▲$40.00M ▲$20.00M ▼$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Sezzle has moved from being an early‑stage, loss‑making business to a small but clearly profitable one. Revenue has grown steadily each year, and profit has improved even faster than sales, suggesting better pricing, tighter risk control, and more efficient operations. The company has turned past operating and net losses into consistent profits in the last two years. That shift from red to black is a major milestone for a young financial services firm and indicates that its business model is starting to scale in a healthy way. The main watchpoint is whether these profit levels can be maintained as competition and growth demands increase.

Balance Sheet

Balance Sheet The balance sheet is still relatively small, which is typical for a niche player in financial services, but it has been strengthening. Total assets have crept up over time, while shareholder equity has rebuilt from very thin levels a few years ago to a more comfortable cushion today. Debt is present but not extreme relative to the size of the business, and cash balances have been steady rather than rapidly growing. Overall, Sezzle appears lean and capital‑light, but not overly burdened by leverage. The main risk is that, with a modest equity base, the company has less room for major shocks than a larger, more diversified lender.

Cash Flow

Cash Flow Cash flow has improved meaningfully. The business used to consume cash in its earlier years, but operating cash flow has recently turned positive and now broadly matches free cash flow, since capital spending needs are minimal. This pattern fits an asset‑light, software‑driven model: most investment is in people and technology rather than heavy physical assets. The key question going forward is whether cash generation remains consistently positive as Sezzle invests in growth, marketing, and potential new products.

Competitive Edge

Competitive Edge Sezzle operates in the crowded "Buy Now, Pay Later" space, competing with larger, better‑funded rivals and traditional credit providers. Its differentiation comes from a strong focus on financial wellness, younger consumers, and flexible, interest‑free installment plans. The credit‑building feature (through Sezzle Up) is a notable competitive edge, because it turns short‑term payment plans into a tool for improving long‑term credit health. This tends to make users more loyal and less likely to switch. In addition, its growing merchant network and in‑app shopping experience create a modest network effect: more merchants attract more users, and more users attract more merchants. That said, competition remains intense, and bigger players could pressure margins or slow merchant wins.

Innovation and R&D

Innovation and R&D Innovation is central to Sezzle’s story. The company relies on proprietary underwriting technology and real‑time risk models, rather than traditional credit scores alone, to decide whether to approve each purchase. This risk‑first, data‑driven approach is key in BNPL, where losses can rise quickly if credit quality slips. Partnerships, particularly with WebBank, allow Sezzle to scale lending volumes without loading its own balance sheet with every loan. On top of the risk engine, Sezzle is investing in its mobile app, in‑store capabilities, virtual cards, and value‑added features like wishlists, product discovery, and premium subscription offerings. These efforts aim to turn the app into a broader financial and shopping hub, not just a simple installment tool.

Summary

Sezzle has transitioned from an experimental, loss‑making fintech into a small but genuinely profitable BNPL provider with improving fundamentals. Revenue and profits have both trended upward, cash flow has swung from negative to positive, and the balance sheet, while still modest, has become sturdier. Its competitive edge lies in technology‑driven risk management, a clear focus on younger and under‑served consumers, and credit‑building tools that encourage loyalty. At the same time, the company operates in a highly competitive, fast‑changing market where larger rivals and regulatory scrutiny are ongoing risks. Overall, Sezzle looks like a lean, innovation‑oriented player that has recently proven it can generate profits and cash, with future performance hinging on its ability to sustain growth, manage credit risk, and deepen its ecosystem without overstretching its financial base.

NEWS

November 5, 2025 · 4:02 PM UTC

Sezzle Reports Third Quarter 2025 Results

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October 21, 2025 · 4:15 PM UTC

Sezzle to Announce Third Quarter 2025 Results and Participate in Upcoming Investor Events

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October 15, 2025 · 10:38 AM UTC

Sezzle Equips Merchants to Capture Price-Conscious Shoppers This Holiday Season

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October 7, 2025 · 8:30 AM UTC

Sezzle Adds Leading Retailers and Emerging Verticals as Shoppers Seek Flexibility This Holiday Season

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