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Nasdaq · Industrials

Sezzle Inc. (SEZL)

As-reported financials and SEC filings for Sezzle Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Sezzle Inc.

Sezzle Inc. operates a digital shopping and payments platform that offers consumers flexible alternatives to traditional credit. Its main product, the Sezzle Platform, allows consumers to make purchases and pay in installments over time through options like pay-in-four, pay-in-two, pay-in-five, and pay-in-full. The company serves primarily Gen Z and Millennial consumers in the United States and Canada, providing payment solutions integrated with merchants' websites and a virtual card for in-store and online use.

Snapshot

Revenue
$450.3M
Revenue growth (YoY)
66.1%
Net income
$133.1M
Diluted EPS
$3.72
Gross margin
Operating margin
39.3%
Net margin
29.6%
FCF margin
46.5%
ROE
78.4%
net income / fiscal-year-end equity
P/E
26.4×
trailing when available, otherwise FY EPS
Market cap
$4.06B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Sezzle

  • Revenue grew 66.1% to $450M in FY2025, slower than the 70.1% the year before.
  • Operating margin turned positive at 39.3% in FY2025, from a 59.8% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $85M, up 62.9% from Q2 FY2025.
  • Free cash flow was $209M in FY2025, 46.5% of revenue.
  • Net income rose 69.5% to $133M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Sezzle’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin39.3%
97th percentile of 605
Net margin29.6%
97th percentile of 645
FCF margin46.5%
99th percentile of 562
Revenue growth (YoY)+66.1%
97th percentile of 668
ROE78.4%
99th percentile of 600
P/E26.4×
55th percentile of 434
Short interest3.59d
56th percentile of 676

Sezzle’s FCF margin of 46.5% ranks in the 99th percentile of the 562 Industrials companies reporting it. Sezzle’s return on equity of 78.4% ranks in the 99th percentile of the 600 Industrials companies reporting it. Sezzle’s operating margin of 39.3% ranks in the 97th percentile of the 605 Industrials companies reporting it.

1 reported insider purchase (code P) totaling $15,000 in the last 90 days, against 39 sales totaling $18.8M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+4 quant / multi-strat
Initiated / added
2
1 new, 1 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$14.9M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$7.9M46.1KReduced
AQR Capital ManagementquantQ2 2026$5.3M31.0KAdded
D. E. ShawquantQ2 2026$857,1205.0KNew
Citadel AdvisorsquantQ2 2026$803,5724.7KReduced

No longer held by: Gotham Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$15K
code P value
Sells (90d)
39
$18.8M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-27
filed 2026-08-28
Brehm Kyle M.DirectorSell1.0K$125.92$126K
2026-08-20
filed 2026-08-24
Khurana RajeevGeneral CounselBuy129$115.88$15K
2026-07-16
filed 2026-07-17
Paradis PaulDirector & PresidentSell7.2K$190.25$1.4M
2026-07-16
filed 2026-07-17
Paradis PaulDirector & PresidentSell1.7K$193.52$329K
2026-07-16
filed 2026-07-17
Paradis PaulDirector & PresidentSell900$191.21$172K
2026-07-16
filed 2026-07-17
Paradis PaulDirector & PresidentSell500$192.19$96K
2026-07-16
filed 2026-07-17
Brading Lee DicksonChief Financial OfficerSell434$195.03$85K
2026-07-16
filed 2026-07-17
Paradis PaulDirector & PresidentSell400$194.51$78K
2026-07-15
filed 2026-07-17
Paradis PaulDirector & PresidentSell5.3K$190.39$1.0M
2026-07-15
filed 2026-07-17
Brading Lee DicksonChief Financial OfficerSell5.0K$190.30$952K
2026-07-15
filed 2026-07-17
Paradis PaulDirector & PresidentSell2.4K$191.86$453K
2026-07-15
filed 2026-07-17
Brading Lee DicksonChief Financial OfficerSell2.3K$185.38$431K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.2M
settled 2026-08-14
Change vs prior
+4.0%
vs previous settlement
Days to cover
3.59
at avg daily volume
Avg daily volume
1.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.2M+4.0%3.59
2026-07-314.0M-0.6%7.80
2026-07-154.0M-4.2%6.08
2026-06-304.2M-9.8%5.53
2026-06-154.7M-8.0%8.58
2026-05-295.1M+1.2%8.34
2026-05-155.0M-1.8%5.72
2026-04-305.1M+8.4%7.97

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$450.3M$271.1M$159.4M$125.6M$114.8M
Gross profit
Operating income$176.8M$82.2M$22.2M$-28.4M$-68.7M
Net income$133.1M$78.5M$7.1M$-38.1M$-75.2M
Diluted EPS$3.72$2.19$1.25$-7.00$-14.06

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$64.1M$73.2M$67.6M$68.3M$77.0M
Current assets$351.9M$257.6M$209.0M$170.1M$221.3M
Total assets$400.2M$298.4M$212.6M$172.6M$223.4M
Current liabilities$89.8M$105.7M$187.3M$99.2M$107.6M
Long-term debt
Total liabilities$230.4M$210.5M$190.6M$163.7M$185.6M
Total equity$169.8M$87.8M$22.1M$8.8M$37.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$209.9M$130.6M$-25.7M$8.5M$-72.1M
Capital expenditure$655,000$70,000$81,609$52,236$686,032
Free cash flow$209.3M$130.6M$-25.8M$8.5M$-72.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$84.7M62.9%$40.8M$1.17
Q1 FY2026$73.3M-30.1%$51.3M$1.47
Q4 FY2025$69.4M43.3%$42.7M$1.17
Q3 FY2025$116.8M228.5%$26.7M$0.75
Q2 FY2025$52.0M72.3%$27.6M$0.78
Q1 FY2025$104.9M315.6%$36.2M$1.00
Q4 FY2024$48.4M-1.0%$25.4M$0.70
Q3 FY2024$35.6M-12.9%$15.4M$0.44

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryServices-Business Services, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2016
SEC CIK1662991

Selected SEC filings

10-K/A2026-04-30
View on EDGAR →
10-Q2026-08-07
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-28
View on EDGAR →
8-K2026-08-18
View on EDGAR →
8-K2026-08-12
View on EDGAR →
8-K2026-08-06
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.