SEZL

MKT CAP:$3B

Sezzle Inc.

Market Cap

$3B

Financial Services·Financial - Credit Services·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$85.67+$20.52 (+31.50%)

Apr 20, 2026

Company Details

Sezzle Inc. operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution at online stores and various brick-and-mortar retail locations that connects consumers with merch...

CEO

Charles G. Youakim

IPO Date

Aug 17, 2023

Website

www.sezzle.com

Key Metrics TTM

Revenue

$450M

+66.1% YoY

Net Income

$133M

EPS (Diluted)

$3.70

Free Cash Flow

$208M

Revenue / Share

$12.60

Gross Margin

85.4%

Operating Margin

39.3%

Net Margin

29.6%

FCF Margin

46.3%

P/S

5.9x

P/E

20.1x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 26, 2026

$450M+66.1%EPS $3.72

Q4 2025

Feb 26, 2026

$130M+32.2%EPS $1.19

Q3 2025

Nov 5, 2025

$117M+67.0%EPS $0.75

Q2 2025

Aug 7, 2025

$99M+76.4%EPS $0.76

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$28M	-$540.0K	-$26M
Q2 22	$29M	$7M	-$14M
Q3 22	$30M	$10M	$6M
Q4 22	$38M	$18M	$5M
Q1 23	$35M	$15M	$5M
Q2 23	$35M	$15M	$4M
Q3 23	$41M	$20M	$5M
Q4 23	$49M	$37M	$8M
Q1 24	$47M	$36M	$14M
Q2 24	$56M	$32M	$17M
Q3 24	$70M	$44M	$21M
Q4 24	$98M	$68M	$31M
Q1 25	$105M	$75M	$50M
Q2 25	$99M	$73M	$36M
Q3 25	$117M	$99M	$36M
Q4 25	$130M	$138M	$55M

Valuation

Quarter	P/S	P/E
Q1 22	23.0x	—
Q2 22	22.6x	—
Q3 22	22.3x	—
Q4 22	21.3x	—
Q1 23	20.2x	—
Q2 23	19.3x	341.1x
Q3 23	18.0x	558.2x
Q4 23	16.8x	376.9x
Q1 24	15.6x	200.0x
Q2 24	13.9x	63.8x
Q3 24	12.1x	47.7x
Q4 24	9.9x	34.1x
Q1 25	8.1x	25.1x
Q2 25	7.2x	25.6x
Q3 25	6.4x	23.1x
Q4 25	5.9x	20.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$8M	$7M
Q2 22	-$2M	-$2M
Q3 22	$950.5K	$959.0K
Q4 22	$1M	$1M
Q1 23	-$4M	-$4M
Q2 23	$7M	$6M
Q3 23	-$13M	-$13M
Q4 23	-$15M	-$15M
Q1 24	$39M	$38M
Q2 24	-$4M	-$5M
Q3 24	$6M	$5M
Q4 24	$971.4K	$937.7K
Q1 25	$59M	$59M
Q2 25	-$36M	-$37M
Q3 25	$33M	$32M
Q4 25	$154M	$154M

Capital Expenditures

Quarter	CapEx
Q1 22	$374.2K
Q2 22	$35.6K
Q3 22	$8.5K
Q4 22	$39.8K
Q1 23	$321.3K
Q2 23	$418.3K
Q3 23	$298.2K
Q4 23	$327.9K
Q1 24	$340.1K
Q2 24	$434.1K
Q3 24	$284.0K
Q4 24	$33.7K
Q1 25	$308.0K
Q2 25	$404.0K
Q3 25	$775.0K
Q4 25	$61.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+6.2%	+54.2%
Q2 22	+6.8%	-5.3%
Q3 22	+6.8%	-48.2%
Q4 22	+16.2%	-41.5%
Q1 23	+25.5%	-45.6%
Q2 23	+19.4%	-27.2%
Q3 23	+34.3%	+48.5%
Q4 23	+27.8%	+23.0%
Q1 24	+35.5%	+13.3%
Q2 24	+60.2%	+26.0%
Q3 24	+71.3%	+38.4%
Q4 24	+100.9%	+63.3%
Q1 25	+123.3%	+66.0%
Q2 25	+76.4%	+59.4%
Q3 25	+67.0%	+65.4%
Q4 25	+32.2%	+10.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$3M	9.8%
Q2 22	$0	0.0%
Q3 22	$3M	8.6%
Q4 22	$2M	5.5%
Q1 23	$2M	6.9%
Q2 23	$2M	7.0%
Q3 23	$1M	2.7%
Q4 23	$1M	2.1%
Q1 24	$905.2K	1.9%
Q2 24	$1M	2.6%
Q3 24	$1M	2.1%
Q4 24	$1M	1.4%
Q1 25	$1M	1.2%
Q2 25	$1M	1.5%
Q3 25	$2M	2.1%
Q4 25	$1M	1.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	—	$8M	$5M
Q2 22	—	$4M	$6M
Q3 22	—	$2M	$4M
Q4 22	$503.9K	$2M	$4M
Q1 23	—	$3M	$3M
Q2 23	—	$2M	$3M
Q3 23	—	$2M	$4M
Q4 23	—	$2M	$2M
Q1 24	—	$2M	$655.0K
Q2 24	—	$3M	$995.0K
Q3 24	—	$2M	$3M
Q4 24	—	$4M	$5M
Q1 25	—	$3M	$5M
Q2 25	—	$4M	$9M
Q3 25	—	$5M	$9M
Q4 25	—	$5M	$9M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$61M	$0	$61M
Q2 22	$63M	$0	$63M
Q3 22	$59M	$0	$59M
Q4 22	$68M	$0	$68M
Q1 23	$59M	$0	$59M
Q2 23	$62M	$0	$62M
Q3 23	$65M	$0	$65M
Q4 23	$68M	$0	$68M
Q1 24	$78M	$0	$78M
Q2 24	$58M	$0	$58M
Q3 24	$80M	$0	$80M
Q4 24	$73M	$0	$73M
Q1 25	$89M	$0	$89M
Q2 25	$89M	$0	$89M
Q3 25	$104M	$0	$104M
Q4 25	$64M	$0	$64M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	32M	+0.2%	+3.8%
Q2 22	33M	+1.3%	+4.7%
Q3 22	36M	+9.7%	+12.3%
Q4 22	33M	-8.4%	+1.9%
Q1 23	33M	+1.5%	+3.2%
Q2 23	34M	+1.8%	+3.7%
Q3 23	34M	+1.3%	-4.2%
Q4 23	35M	+0.5%	+5.3%
Q1 24	36M	+3.5%	+7.3%
Q2 24	36M	+1.1%	+6.5%
Q3 24	35M	-2.0%	+3.1%
Q4 24	36M	+3.0%	+5.6%
Q1 25	36M	-0.9%	+1.1%
Q2 25	36M	0.0%	+0.1%
Q3 25	36M	0.0%	+2.1%
Q4 25	36M	-1.2%	-2.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$240.7K	408
Q1 25	$257.1K	408
Q2 25	$241.9K	408
Q3 25	$286.3K	408
Q4 25	$646.1K	201

Revenue / Employee