Sezzle (SEZL) Financials

$38.13 -6.67 (-14.89%)

As of 11:34 AM Eastern

Annual Income Statements for Sezzle

This table shows Sezzle's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-32	-75	-38	7.10	79
Consolidated Net Income / (Loss)	-32	-75	-38	7.10	79
Net Income / (Loss) Continuing Operations	-32	-75	-38	7.10	79
Total Pre-Tax Income	-32	-75	-38	7.71	67
Total Operating Income	-28	-69	-28	22	82
Total Gross Profit	28	58	74	113	219
Total Revenue	59	115	126	159	271
Total Cost of Revenue	31	57	51	46	52
Operating Cost of Revenue	31	57	51	46	52
Total Operating Expenses	56	127	103	91	137
Selling, General & Admin Expense	7.21	16	16	8.59	11
Marketing Expense	4.27	9.25	19	12	9.74
Other Operating Expenses / (Income)	45	102	67	70	116
Total Other Income / (Expense), net	-4.43	-6.43	-9.59	-14	-15
Interest Expense	4.30	6.36	9.41	16	14
Other Income / (Expense), net	-0.13	-0.07	-0.18	1.48	-0.91
Income Tax Expense	0.03	0.06	0.07	0.61	-11
Basic Earnings per Share	($0.17)	($0.38)	($7.00)	$1.27	$13.98
Weighted Average Basic Shares Outstanding	186.84M	200.34M	5.44M	5.61M	5.62M
Diluted Earnings per Share	($0.17)	($0.38)	($7.00)	$1.25	$13.13
Weighted Average Diluted Shares Outstanding	186.84M	200.34M	5.44M	5.68M	5.98M
Weighted Average Basic & Diluted Shares Outstanding	-	204.41M	208.27M	5.63M	5.64M

This table shows Sezzle's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	4.34	0.63	1.72	1.14	1.29	2.94	8.01	30	15	25
Consolidated Net Income / (Loss)	4.34	0.63	1.72	1.14	1.29	2.94	8.01	30	15	25
Net Income / (Loss) Continuing Operations	4.34	0.63	1.72	1.14	1.29	2.94	8.01	30	15	25
Total Pre-Tax Income	4.36	0.66	1.74	1.16	1.31	3.50	8.40	14	18	28
Total Operating Income	6.50	4.74	5.42	3.76	5.35	7.67	14	17	21	31
Total Gross Profit	19	27	23	23	30	37	36	43	57	84
Total Revenue	30	38	35	35	41	49	47	56	70	98
Total Cost of Revenue	12	11	12	12	11	12	11	13	13	15
Operating Cost of Revenue	12	11	12	12	11	12	11	13	13	15
Total Operating Expenses	12	23	18	19	24	30	22	27	36	53
Selling, General & Admin Expense	2.29	2.18	2.80	1.70	2.18	1.91	2.38	2.52	2.42	4.08
Marketing Expense	3.86	3.57	3.20	3.31	3.62	1.86	0.65	1.00	2.73	5.36
Other Operating Expenses / (Income)	6.18	17	12	14	19	26	19	23	31	43
Total Other Income / (Expense), net	-2.14	-4.09	-3.68	-2.60	-4.04	-4.16	-5.43	-3.12	-3.23	-3.14
Interest Expense	2.19	3.94	3.38	3.93	4.14	4.51	4.08	3.17	3.33	3.44
Other Income / (Expense), net	0.05	-0.15	-0.31	1.33	0.10	0.35	-1.35	0.05	0.10	0.30
Income Tax Expense	0.01	0.02	0.01	0.02	0.02	0.56	0.39	-16	2.16	2.36
Basic Earnings per Share	$0.02	$0.95	$0.31	$0.20	$0.23	$0.53	$1.41	$5.25	$2.79	$4.53
Weighted Average Basic Shares Outstanding	207.65M	5.44M	5.48M	5.58M	5.67M	5.61M	5.66M	5.66M	5.55M	5.62M
Diluted Earnings per Share	$0.02	$0.95	$0.31	$0.20	$0.23	$0.51	$1.34	$4.93	$2.62	$4.24
Weighted Average Diluted Shares Outstanding	227.16M	5.44M	5.56M	5.66M	5.73M	5.68M	5.96M	6.02M	5.91M	5.98M
Weighted Average Basic & Diluted Shares Outstanding	207.90M	208.27M	5.61M	5.68M	-	5.63M	5.67M	5.60M	5.61M	5.64M

This table details how cash moves in and out of Sezzle's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	52	-10	-8.18	1.16	29
Net Cash From Operating Activities	-25	-72	8.51	-26	41
Net Cash From Continuing Operating Activities	-25	-72	8.51	-26	41
Net Income / (Loss) Continuing Operations	-32	-75	-38	7.10	79
Consolidated Net Income / (Loss)	-32	-75	-38	7.10	79
Depreciation Expense	0.43	0.75	0.85	0.86	0.97
Amortization Expense	0.42	0.69	0.98	0.73	0.53
Non-Cash Adjustments To Reconcile Net Income	29	75	50	34	72
Changes in Operating Assets and Liabilities, net	-23	-74	-5.13	-68	-111
Net Cash From Investing Activities	-0.73	-1.42	-1.01	-1.37	-1.46
Net Cash From Continuing Investing Activities	-0.73	-1.42	-1.01	-1.37	-1.46
Purchase of Property, Plant & Equipment	-0.73	-1.42	-1.01	-1.37	-1.46
Net Cash From Financing Activities	78	63	-16	28	-10
Net Cash From Continuing Financing Activities	78	63	-16	28	-10
Repayment of Debt	-67	-140	-87	-25	-99
Repurchase of Common Equity	-3.10	-2.65	-0.38	-1.68	-24
Issuance of Debt	87	175	71	55	107
Other Financing Activities, net	0.44	1.01	0.42	0.03	4.36
Cash Interest Paid	3.77	4.82	7.79	16	14
Cash Income Taxes Paid	0.01	0.06	0.07	0.45	4.77

This table details how cash moves in and out of Sezzle's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-3.14	10	-9.68	3.37	3.80	3.67	12	-18	24	11
Net Cash From Operating Activities	0.95	1.44	-4.07	6.55	-13	-15	39	-4.39	5.71	0.97
Net Cash From Continuing Operating Activities	0.95	1.44	-4.07	6.55	-13	-15	39	-4.39	5.71	0.97
Net Income / (Loss) Continuing Operations	4.34	0.63	1.72	1.14	1.29	2.94	8.01	30	15	25
Consolidated Net Income / (Loss)	4.34	0.63	1.72	1.14	1.29	2.94	8.01	30	15	25
Depreciation Expense	0.21	0.20	0.20	0.21	0.22	0.23	0.23	0.25	0.23	0.26
Amortization Expense	0.45	0.16	0.17	0.18	0.18	0.20	0.20	0.12	0.10	0.11
Non-Cash Adjustments To Reconcile Net Income	10	11	5.02	7.19	8.57	13	8.37	13	19	31
Changes in Operating Assets and Liabilities, net	-14	-10	-11	-2.17	-23	-32	22	-48	-29	-56
Net Cash From Investing Activities	-0.22	-0.22	-0.32	-0.42	-0.30	-0.33	-0.34	-0.43	-0.28	-0.41
Net Cash From Continuing Investing Activities	-0.22	-0.22	-0.32	-0.42	-0.30	-0.33	-0.34	-0.43	-0.28	-0.41
Purchase of Property, Plant & Equipment	-0.22	-0.22	-0.32	-0.42	-0.30	-0.33	-0.34	-0.43	-0.28	-0.41
Net Cash From Financing Activities	-3.87	9.09	-5.28	-2.76	17	19	-27	-13	19	11
Net Cash From Continuing Financing Activities	-3.87	9.09	-5.28	-2.76	17	19	-27	-13	19	11
Repayment of Debt	-3.85	-57	-17	-1.50	-0.02	-6.90	-23	-50	-3.05	-23
Repurchase of Common Equity	-0.02	-0.03	-0.03	-1.28	-0.34	-0.04	-3.80	-11	-7.82	-1.45
Issuance of Debt	-	66	11	-	18	26	0.00	47	28	33
Other Financing Activities, net	0.00	0.00	0.00	0.01	0.01	-	0.17	0.14	1.66	2.39
Cash Interest Paid	1.87	2.93	3.62	4.06	4.18	4.50	4.17	2.98	3.33	3.57
Cash Income Taxes Paid	0.01	0.04	0.00	0.07	0.00	0.38	0.00	1.53	2.02	1.22

This table presents Sezzle's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Total Assets	174	223	173	213	298
Total Current Assets	173	221	170	209	258
Cash & Equivalents	84	77	68	68	73
Restricted Cash	4.80	1.89	1.22	2.99	4.85
Note & Lease Receivable	81	134	104	143	191
Accounts Receivable	1.40	5.08	2.53	1.57	3.63
Prepaid Expenses	1.71	3.35	4.74	6.22	11
Other Current Assets	-	-	-10	-12	-26
Plant, Property, & Equipment, net	0.38	0.66	0.00	0.00	0.00
Total Noncurrent Assets	0.74	1.45	2.45	3.60	41
Intangible Assets	0.54	0.91	1.32	1.90	2.44
Noncurrent Deferred & Refundable Income Taxes	-	-	-	0.00	17
Other Noncurrent Operating Assets	0.20	0.54	1.12	1.70	21
Total Liabilities & Shareholders' Equity	174	223	173	213	298
Total Liabilities	114	186	164	191	211
Total Current Liabilities	68	108	99	187	106
Short-Term Debt	-	-	0.00	94	0.00
Accounts Payable	61	97	83	74	69
Accrued Expenses	6.68	8.00	10	11	25
Current Deferred Revenue	-	0.00	1.52	2.64	4.23
Other Current Liabilities	0.76	3.05	4.21	5.26	7.46
Total Noncurrent Liabilities	46	78	65	3.28	105
Long-Term Debt	41	78	64	0.25	104
Other Noncurrent Operating Liabilities	4.48	0.09	0.51	3.03	0.87
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	60	38	8.84	22	88
Total Preferred & Common Equity	60	38	8.84	22	88
Total Common Equity	60	38	8.84	22	88
Common Stock	113	168	179	186	189
Retained Earnings	-52	-127	-165	-158	-90
Treasury Stock	-0.88	-3.69	-4.07	-5.76	-9.39
Accumulated Other Comprehensive Income / (Loss)	0.49	0.56	-0.64	-0.65	-1.59

This table presents Sezzle's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	159	153	155	196	212	253
Total Current Assets	157	151	153	192	190	232
Cash & Equivalents	58	59	62	78	58	80
Restricted Cash	0.87	1.52	1.28	3.82	5.38	7.17
Note & Lease Receivable	92	85	84	113	131	151
Accounts Receivable	2.35	1.89	1.96	1.32	1.02	3.82
Prepaid Expenses	3.59	3.74	3.59	5.43	6.80	8.58
Other Current Assets	-	-	-	-9.18	-12	-19
Plant, Property, & Equipment, net	0.38	0.27	0.21	0.00	0.00	0.00
Total Noncurrent Assets	1.67	2.23	2.39	4.02	22	20
Intangible Assets	1.29	1.45	1.66	2.06	2.20	2.29
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	18	16
Other Noncurrent Operating Assets	0.38	0.78	0.73	1.97	1.85	2.29
Total Liabilities & Shareholders' Equity	159	153	155	196	212	253
Total Liabilities	153	140	139	166	162	192
Total Current Liabilities	99	77	79	93	92	97
Short-Term Debt	-	-	-	0.00	0.00	0.00
Accounts Payable	84	65	67	74	71	70
Accrued Expenses	9.72	7.29	5.02	10	8.44	11
Current Deferred Revenue	0.53	1.64	1.80	3.13	3.94	4.37
Other Current Liabilities	5.26	3.22	4.43	5.59	8.31	11
Total Noncurrent Liabilities	54	62	60	73	70	95
Long-Term Debt	54	59	58	72	69	94
Other Noncurrent Operating Liabilities	0.00	3.45	2.70	1.46	0.96	0.91
Commitments & Contingencies	0.00	0.00	0.00	-	-	0.00
Total Equity & Noncontrolling Interests	5.73	14	16	30	50	61
Total Preferred & Common Equity	5.73	14	16	30	50	61
Total Common Equity	5.73	14	16	30	50	61
Common Stock	177	181	184	186	184	185
Retained Earnings	-166	-163	-162	-150	-126	-115
Treasury Stock	-4.04	-4.10	-5.38	-6.07	-7.26	-7.94
Accumulated Other Comprehensive Income / (Loss)	-1.05	-0.79	-0.49	-0.65	-0.72	-0.65

This table displays calculated financial ratios and metrics derived from Sezzle's official financial filings.

Metric	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	95.31%	9.37%	26.91%	70.14%
EBITDA Growth	0.00%	-147.34%	60.21%	194.35%	227.83%
EBIT Growth	0.00%	-145.02%	58.38%	182.76%	243.52%
NOPAT Growth	0.00%	-145.89%	58.60%	202.69%	369.36%
Net Income Growth	0.00%	-132.05%	49.32%	118.63%	1,006.26%
EPS Growth	0.00%	-123.53%	-1,742.11%	117.86%	950.40%
Operating Cash Flow Growth	0.00%	-190.75%	111.80%	-401.82%	259.20%
Free Cash Flow Firm Growth	0.00%	0.00%	118.70%	-263.84%	226.69%
Invested Capital Growth	0.00%	203.04%	-90.87%	1,268.98%	146.79%
Revenue Q/Q Growth	0.00%	0.00%	4.45%	7.14%	22.24%
EBITDA Q/Q Growth	0.00%	0.00%	51.95%	16.05%	38.65%
EBIT Q/Q Growth	0.00%	0.00%	50.33%	16.91%	39.79%
NOPAT Q/Q Growth	0.00%	0.00%	50.57%	7.56%	24.82%
Net Income Q/Q Growth	0.00%	0.00%	41.08%	48.09%	39.98%
EPS Q/Q Growth	0.00%	0.00%	13.37%	-26.04%	39.68%
Operating Cash Flow Q/Q Growth	0.00%	-33.93%	125.17%	-178.20%	64.17%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-211.97%	213.20%
Invested Capital Q/Q Growth	0.00%	0.00%	268.34%	0.00%	67.74%
Profitability Metrics	-	-	-	-	-
Gross Margin	47.80%	50.50%	59.21%	70.90%	80.91%
EBITDA Margin	-46.29%	-58.62%	-21.33%	15.85%	30.55%
Operating Margin	-47.51%	-59.82%	-22.64%	13.93%	30.33%
EBIT Margin	-47.73%	-59.88%	-22.78%	14.86%	30.00%
Profit (Net Income) Margin	-55.10%	-65.47%	-30.34%	4.45%	28.96%
Tax Burden Percent	100.10%	100.08%	100.18%	92.07%	116.65%
Interest Burden Percent	115.34%	109.25%	132.91%	32.56%	82.76%
Effective Tax Rate	0.00%	0.00%	0.00%	7.93%	-16.65%
Return on Invested Capital (ROIC)	-160.65%	-196.02%	-98.90%	82.62%	119.99%
ROIC Less NNEP Spread (ROIC-NNEP)	-133.78%	-84.76%	470.93%	-61.31%	50.30%
Return on Net Nonoperating Assets (RNNOA)	106.62%	42.22%	-64.47%	-36.74%	22.86%
Return on Equity (ROE)	-54.03%	-153.80%	-163.37%	45.89%	142.86%
Cash Return on Invested Capital (CROIC)	0.00%	-296.77%	67.63%	-90.15%	35.34%
Operating Return on Assets (OROA)	-16.12%	-34.59%	-14.45%	12.29%	31.83%
Return on Assets (ROA)	-18.60%	-37.82%	-19.24%	3.69%	30.73%
Return on Common Equity (ROCE)	-54.03%	-153.80%	-163.37%	45.89%	142.86%
Return on Equity Simple (ROE_SIMPLE)	-54.03%	-198.90%	-430.77%	32.13%	89.40%
Net Operating Profit after Tax (NOPAT)	-20	-48	-20	20	96
NOPAT Margin	-33.26%	-41.87%	-15.85%	12.83%	35.38%
Net Nonoperating Expense Percent (NNEP)	-26.87%	-111.26%	-569.83%	143.93%	69.69%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	17.51%	50.01%
Cost of Revenue to Revenue	52.20%	49.50%	40.79%	29.10%	19.09%
SG&A Expenses to Revenue	12.27%	13.73%	13.07%	5.39%	4.21%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	95.31%	110.32%	81.86%	56.97%	50.57%
Earnings before Interest and Taxes (EBIT)	-28	-69	-29	24	81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-27	-67	-27	25	83
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.70	0.00	0.00	5.27	16.33
Price to Tangible Book Value (P/TBV)	0.71	0.00	0.00	5.77	16.80
Price to Revenue (P/Rev)	0.72	0.00	0.00	0.73	5.29
Price to Earnings (P/E)	0.00	0.00	0.00	16.42	18.27
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	6.09%	5.47%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	3.05	12.83
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.88	5.39
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	5.56	17.63
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	5.94	17.95
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	6.88	15.22
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	35.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	51.69
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.69	2.06	7.24	4.28	1.18
Long-Term Debt to Equity	0.69	2.06	7.24	0.01	1.18
Financial Leverage	-0.80	-0.50	-0.14	0.60	0.45
Leverage Ratio	2.90	4.07	8.49	12.45	4.65
Compound Leverage Factor	3.35	4.44	11.29	4.05	3.85
Debt to Total Capital	40.78%	67.35%	87.86%	81.07%	54.21%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	80.86%	0.00%
Long-Term Debt to Total Capital	40.78%	67.35%	87.86%	0.21%	54.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.22%	32.65%	12.14%	18.93%	45.79%
Debt to EBITDA	-1.52	-1.16	-2.39	3.75	1.26
Net Debt to EBITDA	1.76	0.01	0.20	0.95	0.31
Long-Term Debt to EBITDA	-1.52	-1.16	-2.39	0.01	1.26
Debt to NOPAT	-2.11	-1.62	-3.22	4.63	1.08
Net Debt to NOPAT	2.44	0.02	0.28	1.17	0.27
Long-Term Debt to NOPAT	-2.11	-1.62	-3.22	0.01	1.08
Altman Z-Score	0.33	0.00	0.00	0.57	6.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	2.53	2.06	1.72	1.12	2.44
Quick Ratio	2.44	2.01	1.76	1.13	2.53
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-73	14	-22	28
Operating Cash Flow to CapEx	-3,384.98%	-5,079.63%	844.36%	-1,881.27%	2,793.79%
Free Cash Flow to Firm to Interest Expense	0.00	-11.44	1.45	-1.40	2.01
Operating Cash Flow to Interest Expense	-5.77	-11.34	0.90	-1.61	2.92
Operating Cash Flow Less CapEx to Interest Expense	-5.94	-11.56	0.80	-1.69	2.81
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.34	0.58	0.63	0.83	1.06
Accounts Receivable Turnover	41.89	35.40	32.97	77.65	104.26
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	156.69	221.30	0.00	0.00	0.00
Accounts Payable Turnover	0.50	0.72	0.57	0.59	0.72
Days Sales Outstanding (DSO)	8.71	10.31	11.07	4.70	3.50
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	724.70	505.61	639.74	618.47	504.51
Cash Conversion Cycle (CCC)	-715.99	-495.30	-628.67	-613.77	-501.01
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	12	37	3.37	46	114
Invested Capital Turnover	4.83	4.68	6.24	6.44	3.39
Increase / (Decrease) in Invested Capital	0.00	25	-34	43	68
Enterprise Value (EV)	-5.65	0.00	0.00	141	1,460
Market Capitalization	42	0.00	0.00	117	1,434
Book Value per Share	$0.32	$0.19	$0.04	$3.89	$15.67
Tangible Book Value per Share	$0.32	$0.18	$0.04	$3.56	$15.23
Total Capital	101	116	73	117	192
Total Debt	41	78	64	95	104
Total Long-Term Debt	41	78	64	0.25	104
Net Debt	-48	-0.91	-5.48	24	26
Capital Expenditures (CapEx)	0.73	1.42	1.01	1.37	1.46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	16	35	1.43	46	74
Debt-free Net Working Capital (DFNWC)	105	114	71	116	152
Net Working Capital (NWC)	105	114	71	22	152
Net Nonoperating Expense (NNE)	13	27	18	13	17
Net Nonoperating Obligations (NNO)	-48	-0.91	-5.48	24	26
Total Depreciation and Amortization (D&A)	0.85	1.44	1.83	1.59	1.49
Debt-free, Cash-free Net Working Capital to Revenue	26.44%	30.36%	1.14%	28.58%	27.26%
Debt-free Net Working Capital to Revenue	177.97%	99.05%	56.49%	72.89%	56.04%
Net Working Capital to Revenue	177.97%	99.05%	56.49%	13.67%	56.04%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.38)	($0.18)	$1.27	$13.98
Adjusted Weighted Average Basic Shares Outstanding	0.00	200.34M	206.86M	5.61M	5.62M
Adjusted Diluted Earnings per Share	$0.00	($0.38)	($0.18)	$1.25	$13.13
Adjusted Weighted Average Diluted Shares Outstanding	0.00	200.34M	206.86M	5.68M	5.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	204.41M	208.27M	5.63M	5.64M
Normalized Net Operating Profit after Tax (NOPAT)	-20	-48	-20	20	58
Normalized NOPAT Margin	-33.26%	-41.87%	-15.85%	12.83%	21.23%
Pre Tax Income Margin	-55.05%	-65.42%	-30.28%	4.84%	24.83%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	-6.52	-10.81	-3.04	1.48	5.80
NOPAT to Interest Expense	-4.54	-7.56	-2.11	1.28	6.84
EBIT Less CapEx to Interest Expense	-6.69	-11.03	-3.15	1.40	5.70
NOPAT Less CapEx to Interest Expense	-4.71	-7.78	-2.22	1.19	6.74
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-9.56%	-3.53%	-1.00%	23.71%	30.08%

This table displays calculated financial ratios and metrics derived from Sezzle's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.80%	16.24%	25.47%	19.44%	34.32%	27.76%	35.49%	60.20%	71.28%	100.86%
EBITDA Growth	141.72%	120.64%	121.15%	142.17%	-18.72%	70.55%	135.15%	212.45%	263.37%	273.39%
EBIT Growth	137.09%	118.82%	119.40%	138.02%	-16.70%	74.58%	144.10%	228.82%	283.92%	288.78%
NOPAT Growth	152.36%	126.94%	129.44%	138.97%	-18.49%	40.13%	144.95%	888.12%	245.91%	338.93%
Net Income Growth	123.07%	102.45%	106.16%	107.56%	-70.21%	363.39%	364.30%	2,505.94%	1,093.31%	763.04%
EPS Growth	122.22%	830.77%	105.96%	107.22%	1,050.00%	-46.32%	332.26%	2,365.00%	1,039.13%	731.37%
Operating Cash Flow Growth	103.71%	103.52%	-152.18%	487.92%	-1,483.61%	-1,142.20%	1,047.62%	-167.09%	143.42%	106.47%
Free Cash Flow Firm Growth	176.74%	0.00%	89.59%	-1,376.85%	-72.42%	-195.27%	335.45%	31.15%	-899.42%	-8.64%
Invested Capital Growth	-94.59%	-90.87%	179.31%	281.81%	0.00%	1,268.98%	63.48%	429.29%	0.00%	146.79%
Revenue Q/Q Growth	3.95%	25.87%	-9.41%	0.76%	16.91%	19.73%	0.00%	19.14%	24.99%	40.40%
EBITDA Q/Q Growth	155.44%	-31.24%	10.81%	-0.17%	6.87%	44.27%	0.00%	32.64%	24.28%	48.25%
EBIT Q/Q Growth	148.87%	-29.86%	11.34%	-0.38%	7.06%	47.01%	0.00%	34.19%	25.00%	48.87%
NOPAT Q/Q Growth	168.34%	-29.18%	17.25%	-31.33%	42.96%	21.74%	0.00%	177.00%	-49.95%	54.48%
Net Income Q/Q Growth	128.80%	-85.40%	171.88%	-33.91%	13.57%	127.08%	0.00%	270.95%	-48.00%	64.23%
EPS Q/Q Growth	100.72%	4,650.00%	-67.37%	-35.48%	15.00%	121.74%	0.00%	267.91%	-46.86%	61.83%
Operating Cash Flow Q/Q Growth	156.29%	51.57%	-382.82%	260.77%	-300.76%	-14.17%	0.00%	-111.38%	229.94%	-82.99%
Free Cash Flow Firm Q/Q Growth	2,171.68%	69.55%	-106.17%	-437.10%	149.07%	-685.64%	0.00%	-257.07%	-469.76%	20.41%
Invested Capital Q/Q Growth	115.78%	268.34%	257.77%	-12.57%	-100.00%	0.00%	0.00%	183.07%	21.66%	67.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.90%	71.45%	66.62%	65.60%	72.87%	76.07%	76.53%	77.24%	80.81%	85.16%
EBITDA Margin	23.69%	12.94%	15.83%	15.68%	14.33%	17.27%	27.47%	30.58%	30.41%	32.11%
Operating Margin	21.37%	12.39%	15.63%	10.77%	13.10%	15.68%	29.45%	29.84%	29.79%	31.43%
EBIT Margin	21.53%	12.00%	14.75%	14.58%	13.35%	16.40%	26.57%	29.93%	29.93%	31.73%
Profit (Net Income) Margin	14.29%	1.66%	4.97%	3.26%	3.17%	6.01%	17.04%	53.07%	22.08%	25.83%
Tax Burden Percent	99.75%	96.82%	99.33%	98.23%	98.79%	83.91%	95.32%	218.74%	87.72%	91.48%
Interest Burden Percent	66.52%	14.27%	33.95%	22.78%	24.03%	43.69%	67.30%	81.07%	84.10%	88.96%
Effective Tax Rate	0.25%	3.18%	0.67%	1.77%	1.21%	16.09%	4.68%	-118.74%	12.28%	8.52%
Return on Invested Capital (ROIC)	287.67%	74.85%	251.65%	617.35%	0.00%	84.76%	303.55%	379.39%	170.88%	97.50%
ROIC Less NNEP Spread (ROIC-NNEP)	296.64%	198.82%	324.64%	661.11%	0.00%	47.05%	393.43%	5,409.12%	86.28%	86.00%
Return on Net Nonoperating Assets (RNNOA)	-215.98%	-27.22%	-123.34%	-470.31%	0.00%	28.20%	-104.79%	-22.06%	9.46%	39.09%
Return on Equity (ROE)	71.69%	47.63%	128.31%	147.04%	0.00%	112.95%	198.76%	357.34%	180.34%	136.60%
Cash Return on Invested Capital (CROIC)	0.00%	67.63%	-67.95%	37.31%	0.00%	-90.15%	131.35%	69.24%	26.59%	35.34%
Operating Return on Assets (OROA)	15.80%	7.61%	11.77%	12.79%	0.00%	13.56%	26.12%	31.40%	26.25%	33.67%
Return on Assets (ROA)	10.49%	1.05%	3.97%	2.86%	0.00%	4.97%	16.76%	55.67%	19.37%	27.40%
Return on Common Equity (ROCE)	71.69%	47.63%	128.31%	147.04%	0.00%	112.95%	198.76%	357.34%	180.34%	136.60%
Return on Equity Simple (ROE_SIMPLE)	-1,128.47%	0.00%	-61.34%	48.18%	0.00%	0.00%	45.18%	83.40%	91.75%	0.00%
Net Operating Profit after Tax (NOPAT)	6.48	4.59	5.38	3.70	5.28	6.43	13	37	18	28
NOPAT Margin	21.32%	12.00%	15.53%	10.58%	12.94%	13.16%	28.07%	65.27%	26.13%	28.75%
Net Nonoperating Expense Percent (NNEP)	-8.97%	-123.97%	-72.99%	-43.76%	0.00%	37.70%	-89.88%	-5,029.73%	84.60%	11.50%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	5.51%	-	-	-	14.72%
Cost of Revenue to Revenue	38.10%	28.55%	33.38%	34.40%	27.13%	23.93%	23.47%	22.76%	19.19%	14.84%
SG&A Expenses to Revenue	7.52%	5.70%	8.07%	4.86%	5.35%	3.90%	5.07%	4.51%	3.45%	4.16%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.52%	59.06%	50.99%	54.83%	59.78%	60.39%	47.08%	47.41%	51.02%	53.73%
Earnings before Interest and Taxes (EBIT)	6.55	4.59	5.11	5.09	5.45	8.02	12	17	21	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7.20	4.95	5.49	5.48	5.85	8.45	13	17	21	32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	5.27	16.07	9.94	15.62	16.33
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	5.77	17.27	10.40	16.23	16.80
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.50	0.73	2.77	2.59	4.31	5.29
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	15.54	16.42	35.57	11.92	17.03	18.27
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	6.43%	6.09%	2.81%	8.39%	5.87%	5.47%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	3.05	23.66	9.06	14.18	12.83
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.88	2.71	2.62	4.34	5.39
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	5.56	14.26	11.40	16.10	17.63
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	5.94	15.01	11.84	16.53	17.95
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	6.88	16.35	7.41	12.52	15.22
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	27.42	83.52	38.61	35.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	22.35	22.02	106.65	51.69
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	9.41	7.24	4.31	3.54	0.00	4.28	2.42	1.37	1.54	1.18
Long-Term Debt to Equity	9.41	7.24	4.31	3.54	0.00	0.01	2.42	1.37	1.54	1.18
Financial Leverage	-0.73	-0.14	-0.38	-0.71	0.00	0.60	-0.27	0.00	0.11	0.45
Leverage Ratio	5.00	8.49	12.59	19.20	0.00	12.45	8.07	5.52	4.14	4.65
Compound Leverage Factor	3.33	1.21	4.28	4.37	0.00	5.44	5.43	4.47	3.48	4.14
Debt to Total Capital	90.40%	87.86%	81.18%	77.97%	0.00%	81.07%	70.77%	57.80%	60.58%	54.21%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	80.86%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	90.40%	87.86%	81.18%	77.97%	0.00%	0.21%	70.77%	57.80%	60.58%	54.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	9.60%	12.14%	18.82%	22.03%	0.00%	18.93%	29.23%	42.20%	39.42%	45.79%
Debt to EBITDA	-0.97	-2.39	12.67	2.49	0.00	3.75	2.19	1.55	1.57	1.26
Net Debt to EBITDA	0.09	0.20	-0.35	-0.25	0.00	0.95	-0.30	0.12	0.11	0.31
Long-Term Debt to EBITDA	-0.97	-2.39	12.67	2.49	0.00	0.01	2.19	1.55	1.57	1.26
Debt to NOPAT	-1.34	-3.22	27.09	2.84	0.00	4.63	2.52	1.01	1.22	1.08
Net Debt to NOPAT	0.12	0.28	-0.74	-0.28	0.00	1.17	-0.35	0.08	0.09	0.27
Long-Term Debt to NOPAT	-1.34	-3.22	27.09	2.84	0.00	0.01	2.52	1.01	1.22	1.08
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	0.33	2.34	2.75	4.15	5.53
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.58	1.72	1.95	1.94	0.00	1.12	2.06	2.07	2.40	2.44
Quick Ratio	1.54	1.76	1.88	1.88	0.00	1.13	2.06	2.07	2.43	2.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	22	38	-2.35	-13	6.20	-36	5.54	-8.70	-50	-39
Operating Cash Flow to CapEx	436.23%	650.34%	-1,268.39%	1,566.07%	-4,410.98%	-4,579.46%	11,354.23%	-1,012.46%	2,010.64%	239.37%
Free Cash Flow to Firm to Interest Expense	10.25	9.68	-0.70	-3.21	1.50	-8.04	1.36	-2.74	-14.89	-11.46
Operating Cash Flow to Interest Expense	0.43	0.37	-1.21	1.67	-3.17	-3.33	9.46	-1.39	1.72	0.28
Operating Cash Flow Less CapEx to Interest Expense	0.33	0.31	-1.30	1.56	-3.25	-3.40	9.38	-1.52	1.63	0.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.63	0.80	0.88	0.00	0.83	0.98	1.05	0.88	1.06
Accounts Receivable Turnover	63.09	32.97	66.08	57.65	0.00	77.65	107.15	129.29	58.01	104.26
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	232.78	0.00	301.88	408.92	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.61	0.57	0.58	0.60	0.00	0.59	0.66	0.67	0.69	0.72
Days Sales Outstanding (DSO)	5.79	11.07	5.52	6.33	0.00	4.70	3.41	2.82	6.29	3.50
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	596.89	639.74	631.31	604.55	0.00	618.47	553.60	543.74	525.97	504.51
Cash Conversion Cycle (CCC)	-591.11	-628.67	-625.78	-598.22	0.00	-613.77	-550.19	-540.92	-519.68	-501.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.91	3.37	12	11	0.00	46	20	56	68	114
Invested Capital Turnover	13.49	6.24	16.21	58.35	0.00	6.44	10.81	5.81	6.54	3.39
Increase / (Decrease) in Invested Capital	-16	-34	7.74	16	-0.91	43	7.65	45	68	68
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	141	466	505	962	1,460
Market Capitalization	0.00	0.00	0.00	0.00	75	117	476	500	955	1,434
Book Value per Share	$0.03	$0.04	$0.07	$2.90	$0.00	$3.89	$5.26	$8.87	$10.92	$15.67
Tangible Book Value per Share	$0.02	$0.04	$0.06	$2.60	$0.00	$3.56	$4.89	$8.49	$10.51	$15.23
Total Capital	60	73	73	74	0.00	117	101	119	155	192
Total Debt	54	64	59	58	0.00	95	72	69	94	104
Total Long-Term Debt	54	64	59	58	0.00	0.25	72	69	94	104
Net Debt	-4.81	-5.48	-1.61	-5.74	0.00	24	-9.91	5.47	6.70	26
Capital Expenditures (CapEx)	0.22	0.22	0.32	0.42	0.30	0.33	0.34	0.43	0.28	0.41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.13	1.43	13	11	0.00	46	17	35	48	74
Debt-free Net Working Capital (DFNWC)	58	71	74	74	0.00	116	99	99	136	152
Net Working Capital (NWC)	58	71	74	74	0.00	22	99	99	136	152
Net Nonoperating Expense (NNE)	2.14	3.96	3.66	2.56	3.99	3.49	5.18	6.83	2.83	2.87
Net Nonoperating Obligations (NNO)	-4.81	-5.48	-1.61	-5.74	0.00	24	-9.91	5.47	6.70	26
Total Depreciation and Amortization (D&A)	0.66	0.36	0.37	0.38	0.40	0.43	0.42	0.37	0.34	0.37
Debt-free, Cash-free Net Working Capital to Revenue	-0.94%	1.14%	9.80%	7.69%	0.00%	28.58%	9.98%	18.22%	21.78%	27.26%
Debt-free Net Working Capital to Revenue	47.92%	56.49%	55.47%	53.52%	0.00%	72.89%	57.52%	51.13%	61.11%	56.04%
Net Working Capital to Revenue	47.92%	56.49%	55.47%	53.52%	0.00%	13.67%	57.52%	51.13%	61.11%	56.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	$0.95	$0.31	$0.20	$0.00	$0.53	$1.41	$5.25	$2.79	$4.53
Adjusted Weighted Average Basic Shares Outstanding	207.65M	5.44M	5.48M	5.58M	0.00	5.61M	5.66M	5.66M	5.55M	5.62M
Adjusted Diluted Earnings per Share	$0.02	$0.95	$0.31	$0.20	$0.00	$0.51	$1.34	$4.93	$2.62	$4.24
Adjusted Weighted Average Diluted Shares Outstanding	227.16M	5.44M	5.56M	5.66M	0.00	5.68M	5.96M	6.02M	5.91M	5.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	207.90M	208.27M	5.61M	5.68M	0.00	5.63M	5.67M	5.60M	5.61M	5.64M
Normalized Net Operating Profit after Tax (NOPAT)	6.48	4.59	5.38	3.70	5.28	6.43	13	12	18	28
Normalized NOPAT Margin	21.32%	12.00%	15.53%	10.58%	12.94%	13.16%	28.07%	20.89%	26.13%	28.75%
Pre Tax Income Margin	14.32%	1.71%	5.01%	3.32%	3.21%	7.16%	17.88%	24.26%	25.17%	28.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.99	1.17	1.51	1.30	1.32	1.78	3.06	5.28	6.29	9.06
NOPAT to Interest Expense	2.96	1.17	1.59	0.94	1.28	1.43	3.23	11.52	5.49	8.21
EBIT Less CapEx to Interest Expense	2.89	1.11	1.42	1.19	1.24	1.70	2.97	5.15	6.21	8.94
NOPAT Less CapEx to Interest Expense	2.86	1.11	1.50	0.83	1.20	1.35	3.15	11.38	5.41	8.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-1.81%	-1.00%	-1.28%	17.36%	35.01%	23.71%	40.73%	35.10%	39.58%	30.08%

Frequently Asked Questions About Sezzle's Financials

When does Sezzle's fiscal year end?

According to the most recent income statement we have on file, Sezzle's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Sezzle's net income changed over the last 4 years?

Sezzle's net income appears to be on a downward trend, with a most recent value of $78.52 million in 2024, falling from -$32.39 million in 2020. The previous period was $7.10 million in 2023.

What is Sezzle's operating income?

Sezzle's total operating income in 2024 was $82.25 million, based on the following breakdown:

Total Gross Profit: $219.36 million
Total Operating Expenses: $137.12 million

How has Sezzle revenue changed over the last 4 years?

Over the last 4 years, Sezzle's total revenue changed from $58.79 million in 2020 to $271.13 million in 2024, a change of 361.2%.

How much debt does Sezzle have?

Sezzle's total liabilities were at $210.54 million at the end of 2024, a 10.5% increase from 2023, and a 84.4% increase since 2020.

How much cash does Sezzle have?

In the past 4 years, Sezzle's cash and equivalents has ranged from $67.62 million in 2023 to $84.29 million in 2020, and is currently $73.19 million as of their latest financial filing in 2024.

How has Sezzle's book value per share changed over the last 4 years?

Over the last 4 years, Sezzle's book value per share changed from 0.32 in 2020 to 15.67 in 2024, a change of 4,781.6%.

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This page (NASDAQ:SEZL) was last updated on 4/21/2025 by MarketBeat.com Staff

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Sezzle (SEZL) Financials

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Sezzle (SEZL) Financials

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