SEZL (Sezzle Inc.) Stock Financials & Earnings | Market Cap Arena

SEZL (Sezzle Inc.) Stock Financials & Earnings | Market Cap Arena

SEZLSezzle Inc.

Mkt Cap$2B

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

Revenue (TTM)$450M

Net Income (TTM)$133M

EPS (TTM)$3.70

Free Cash Flow (TTM)$208M

Gross Margin85.4%

Op. Margin39.3%

Net Margin29.6%

FCF Margin46.3%

P/S Ratio (TTM)5.3x

P/E Ratio (TTM)18.0x

YoY Rev Growth+66.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
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

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	18.1x	—
Q2 23	17.3x	305.7x
Q3 23	16.1x	500.3x
Q4 23	15.0x	337.8x
Q1 24	14.0x	179.2x
Q2 24	12.4x	57.2x
Q3 24	10.8x	42.7x
Q4 24	8.8x	30.5x
Q1 25	7.3x	22.5x
Q2 25	6.4x	22.9x
Q3 25	5.7x	20.7x
Q4 25	5.3x	18.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
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	$971K	$938K
Q1 25	$59M	$59M
Q2 25	-$36M	-$37M
Q3 25	$33M	$32M
Q4 25	$154M	$154M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$321K
Q2 23	$418K
Q3 23	$298K
Q4 23	$328K
Q1 24	$340K
Q2 24	$434K
Q3 24	$284K
Q4 24	$34K
Q1 25	$308K
Q2 25	$404K
Q3 25	$775K
Q4 25	$61K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
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 23	$2M	6.9%
Q2 23	$2M	7.0%
Q3 23	$1M	2.7%
Q4 23	$1M	2.1%
Q1 24	$905K	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	G&A	S&M
Q1 23	$3M	$3M
Q2 23	$2M	$3M
Q3 23	$2M	$4M
Q4 23	$2M	$2M
Q1 24	$2M	$655K
Q2 24	$3M	$995K
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 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

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	33M	+1.5%
Q2 23	34M	+1.8%
Q3 23	34M	+1.3%
Q4 23	35M	+0.5%
Q1 24	36M	+3.5%
Q2 24	36M	+1.1%
Q3 24	35M	-2.0%
Q4 24	36M	+3.0%
Q1 25	36M	-0.9%
Q2 25	36M	+0.0%
Q3 25	36M	+0.0%
Q4 25	36M	-1.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$665K	408
FY 25	$2M	201