Sezzle Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Sezzle Inc. reported revenue of $450.3M (+66.1% year on year) and net income of $133.1M (+69.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenue | $450.3M | $271.1M | $159.4M | $125.6M |
| Personnel | $54.8M | $51.8M | $46.4M | $51.2M |
| Transaction expense | $66.0M | $51.4M | $39.2M | $40.8M |
| Third-party technology and data | $14.4M | $9.6M | $7.8M | $8.2M |
| Marketing, advertising, and tradeshows | $32.2M | $9.7M | $12.0M | $19.0M |
| General and administrative | $16.8M | $11.4M | $8.6M | $16.4M |
| Provision for credit losses | $89.3M | $55.0M | $23.2M | $29.4M |
| Total operating expenses | $273.5M | $188.9M | $137.2M | $154.0M |
| Operating Income | $176.8M | $82.2M | $22.2M | ($28.4M) |
| Net interest expense | ($14.0M) | ($13.8M) | ($16.0M) | ($8.6M) |
| Other income, net | $123.0K | $354.5K | $1.9M | ($225.6K) |
| Fair value adjustment on warrants | $0 | ($1.3M) | ($456.0K) | $50.4K |
| Loss on extinguishment of line of credit | $0 | ($259.7K) | $0 | ($813.8K) |
| Income before taxes | $162.9M | $67.3M | $7.7M | ($38.0M) |
| Income tax expense (benefit) | $29.8M | ($11.2M) | $611.5K | $69.4K |
| Net Income | $133.1M | $78.5M | $7.1M | ($38.1M) |
| Foreign currency translation adjustment | $905.0K | ($940.8K) | ($3.0K) | ($1.2M) |
| Total Comprehensive Income | $134.0M | $77.6M | $7.1M | ($39.3M) |
| Basic (in usd per share) | $3.93 | $13.98 | $1.27 | -$0.18 |
| Diluted (in usd per share) | $3.72 | $13.13 | $1.25 | -$0.18 |
| Basic (in shares) | 33.9M | 5.6M | 5.6M | 206.9M |
| Diluted (in shares) | 35.7M | 6.0M | 5.7M | 206.9M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenue | $149.7M | $135.5M | $116.8M | $98.7M |
| Personnel | $14.7M | $14.7M | $14.3M | $11.7M |
| Transaction expense | $20.7M | $18.5M | $17.4M | $14.2M |
| Third-party technology and data | $4.9M | $4.4M | $3.7M | $3.4M |
| Marketing, advertising, and tradeshows | $19.4M | $11.2M | $8.8M | $8.8M |
| General and administrative | $4.3M | $4.0M | $4.8M | $3.8M |
| Provision for credit losses | $30.6M | $13.7M | $32.2M | $20.6M |
| Total operating expenses | $94.7M | $66.5M | $81.2M | $62.6M |
| Operating Income | $55.0M | $69.0M | $35.6M | $36.1M |
| Net interest expense | ($3.3M) | ($3.0M) | ($3.9M) | ($3.5M) |
| Other income (expense), net | $1.0K | ($32.0K) | ($6.0K) | $87.0K |
| Income before taxes | $51.7M | $66.0M | $31.6M | $32.7M |
| Income tax expense | $10.9M | $14.7M | $5.0M | $5.1M |
| Net Income | $40.8M | $51.3M | $26.7M | $27.6M |
| Foreign currency translation adjustment | ($75.0K) | ($78.0K) | ($339.0K) | $729.0K |
| Total Comprehensive Income | $40.7M | $51.2M | $26.3M | $28.3M |
| Basic (in usd per share) | $1.21 | $1.52 | $0.78 | $0.82 |
| Diluted (in usd per share) | $1.17 | $1.47 | $0.75 | $0.78 |
| Basic (in shares) | 33.6M | 33.8M | 34.0M | 33.7M |
| Diluted (in shares) | 34.7M | 34.9M | 35.7M | 35.5M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents, including amounts held by variable interest entity (“VIE”) of $25,921 and $30,899, respectively | $64.1M | $73.2M | $67.6M | $68.3M |
| Restricted cash, current, including amounts held by VIE of $8,245 and $4,096, respectively | $8.4M | $4.8M | $3.0M | $1.2M |
| Notes receivable | $283.4M | $190.7M | $142.9M | — |
| Allowance for credit losses | ($28.5M) | ($26.1M) | ($12.3M) | — |
| Notes receivable, net, including amounts held by VIE of $237,062 and $152,174, respectively | $254.9M | $164.6M | $130.6M | — |
| Other receivables, net | $6.2M | $3.6M | $1.6M | $2.5M |
| Prepaid expenses and other current assets | $18.3M | $11.4M | $6.2M | $4.7M |
| Total current assets | $351.9M | $257.6M | $209.0M | $170.1M |
| Internally developed intangible assets, net | $3.3M | $2.4M | $1.9M | $1.3M |
| Operating right-of-use assets | $665.0K | $800.4K | $994.5K | $86.7K |
| Restricted cash, non-current | $30.1M | $20.3M | $82.0K | $20.0K |
| Deferred tax asset, net of $0 and $3,742 valuation allowance, respectively | $13.6M | $16.9M | — | — |
| Other assets | $620.0K | $330.7K | $625.5K | $733.9K |
| Total Assets | $400.2M | $298.4M | $212.6M | $172.6M |
| Merchant accounts payable | $56.4M | $69.0M | $74.1M | $83.0M |
| Other payables, including amounts held by VIE of $1,476 and $1,103, respectively | $6.9M | $7.5M | $5.3M | $4.1M |
| Deferred revenue | $5.4M | $4.2M | $2.6M | $1.5M |
| Other current liabilities | $21.1M | $25.0M | $10.8M | $10.4M |
| Total current liabilities | $89.8M | $105.7M | $187.3M | $99.2M |
| Operating lease liabilities | $661.0K | $823.1K | $57.3K | $79.3K |
| Line of credit, net of unamortized debt issuance costs of $1,268 and $1,008, respectively, held by VIE | $140.0M | $104.0M | $0 | $63.8M |
| Other non-current liabilities | $0 | $44.7K | $1.1M | — |
| Total Liabilities | $230.4M | $210.5M | $190.6M | $163.7M |
| Common stock and additional paid-in capital, $0.00001 par value; 750,000 shares authorized; 35,130 and 34,786 shares issued, respectively; 33,798 and 33,735 shares outstanding, respectively | 194.9M | 2.1K | 2.1K | 2.1K |
| Treasury stock, at cost: 1,332 and 1,051 shares, respectively | -24.1M | -9.4M | -5.8M | -4.1M |
| Accumulated other comprehensive loss | ($683.0K) | ($1.6M) | ($647.0K) | ($644.0K) |
| Accumulated deficit | ($324.0K) | ($89.8M) | ($157.5M) | ($165.5M) |
| Total Stockholders' Equity | $169.8M | $87.8M | $22.1M | $8.8M |
| Total Liabilities and Stockholders' Equity | $400.2M | $298.4M | $212.6M | $172.6M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents, including amounts held by variable interest entity (“VIE”) of $17,694 and $25,921, respectively | $79.8M | $120.4M | $104.1M | $88.9M |
| Restricted cash, current, including amounts held by VIE of $4,506 and $8,245, respectively | $4.5M | $4.7M | $10.9M | $10.6M |
| Notes receivable | $321.2M | $282.8M | $217.8M | $208.6M |
| Allowance for credit losses | ($32.0M) | ($19.8M) | ($33.7M) | ($23.6M) |
| Notes receivable, net, including amounts held by VIE of $260,621 and $237,062, respectively | $289.2M | $263.0M | $184.1M | $184.9M |
| Other current assets, net | $34.9M | $23.0M | — | — |
| Total current assets | $408.4M | $411.2M | $329.5M | $311.5M |
| Restricted cash, non-current | $27.7M | $22.2M | $19.6M | $20.5M |
| Deferred tax asset | $14.7M | $15.7M | $13.4M | $14.4M |
| Other assets | $5.7M | $830.0K | $679.0K | $620.0K |
| Total Assets | $456.5M | $454.3M | $367.0M | $350.6M |
| Merchant accounts payable | $57.9M | $57.6M | $57.8M | $60.5M |
| Other payables, including amounts held by VIE of $172 and $1,476, respectively | $6.5M | $22.0M | $6.4M | $2.8M |
| Deferred revenue | $6.8M | $5.7M | $4.8M | $4.3M |
| Other current liabilities, including amounts held by VIE of $869 and $0, respectively | $30.5M | $27.4M | $24.6M | $21.3M |
| Total current liabilities | $101.7M | $112.6M | $93.7M | $88.9M |
| Operating lease liabilities | $312.0K | $609.0K | $711.0K | $759.0K |
| Line of credit, net of unamortized debt issuance costs of $1,978 and $1,268, respectively, held by VIE | $121.5M | $144.4M | $117.3M | $130.5M |
| Total Liabilities | $223.5M | $257.6M | $211.7M | $220.2M |
| Common stock and additional paid-in capital, $0.00001 par value; 750,000 shares authorized; 35,065 and 35,130 shares issued, respectively; 33,665 and 33,798 shares outstanding, respectively | 196.5M | 194.2M | 196.0M | 193.5M |
| Treasury stock, at cost: 1,400 and 1,332 shares, respectively | -28.9M | -25.0M | -20.5M | -16.5M |
| Accumulated other comprehensive loss | ($836.0K) | ($761.0K) | ($1.1M) | ($766.0K) |
| Accumulated earnings (deficit) | $66.2M | $28.3M | ($19.2M) | ($45.8M) |
| Total Stockholders' Equity | $233.0M | $196.7M | $155.3M | $130.4M |
| Total Liabilities and Stockholders' Equity | $456.5M | $454.3M | $367.0M | $350.6M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $133.1M | $78.5M | $7.1M | ($38.1M) |
| Depreciation and amortization | $1.4M | $965.4K | $855.8K | $847.1K |
| Provision for credit losses | $89.3M | $55.0M | $23.2M | $29.4M |
| Provision for other credit losses | $33.5M | $10.6M | $3.4M | $9.3M |
| Discount on notes receivable | ($735.0K) | — | — | — |
| Equity based compensation and restricted stock vested | $6.5M | $5.2M | $6.9M | $10.3M |
| Amortization of debt issuance costs | $532.0K | $525.6K | $732.0K | $983.7K |
| Fair value adjustment on warrants | $0 | $1.3M | $456.0K | ($50.4K) |
| Impairment losses on long-lived assets | $68.0K | $48.0K | $42.2K | $39.5K |
| Gain on sale of fixed assets | ($21.0K) | ($54.7K) | $25.6K | $79.7K |
| Loss on extinguishment of line of credit | $0 | $259.7K | $0 | $813.8K |
| Deferred income taxes | $3.3M | ($16.9M) | — | — |
| Other receivables | ($36.0M) | ($12.7M) | ($2.4M) | ($6.7M) |
| Prepaid expenses and other assets | ($6.8M) | ($5.0M) | ($1.2M) | ($1.4M) |
| Merchant accounts payable | ($13.0M) | ($4.3M) | ($9.1M) | ($12.9M) |
| Other payables | ($572.0K) | $2.0M | $1.1M | $1.3M |
| Accrued and other liabilities | ($1.8M) | $13.1M | $1.4M | $2.5M |
| Deferred revenue | $1.2M | $1.6M | $1.1M | $1.5M |
| Operating leases | $40.0K | $74.3K | $51.9K | $15.5K |
| Net Cash Provided from Operating Activities | $209.9M | $40.9M | ($25.7M) | $8.5M |
| Purchases and originations of notes receivable, net of proceeds from repayments | ($178.9M) | — | — | — |
| Purchase of property and equipment | ($655.0K) | ($69.8K) | ($81.6K) | ($52.2K) |
| Internally developed intangible asset additions | ($2.0M) | ($1.4M) | ($1.3M) | ($955.8K) |
| Net Cash Used for Investing Activities | ($181.6M) | ($1.5M) | ($1.4M) | ($1.0M) |
| Proceeds from line of credit | $180.9M | $107.4M | $54.8M | $71.2M |
| Payments to line of credit | ($144.6M) | ($97.4M) | ($24.8M) | ($85.0M) |
| Payments of debt issuance costs | ($792.0K) | ($1.1M) | ($128.6K) | ($1.3M) |
| Proceeds from stock option exercises | $3.7M | $3.9M | $27.0K | $100.4K |
| Stock subscriptions collected related to stock option exercises | $44.0K | $38.8K | $0 | $324.4K |
| Proceeds from warrant exercises | $0 | $400.7K | — | — |
| Repurchase of common stock | ($64.7M) | ($23.6M) | ($1.7M) | ($381.4K) |
| Net Cash Used for Financing Activities | ($25.4M) | ($10.4M) | $28.2M | ($15.7M) |
| Effect of exchange rate changes on cash | $1.4M | ($1.5M) | $17.4K | ($1.2M) |
| Net increase in cash, cash equivalents, and restricted cash | $2.9M | $29.1M | $1.2M | ($8.2M) |
| Cash, cash equivalents, and restricted cash, beginning of period | $98.3M | $70.7M | $69.5M | $78.9M |
| Cash, cash equivalents, and restricted cash, end of period | $102.6M | $98.3M | $70.7M | — |
| Conversion of accrued profit-sharing incentive plan liabilities to stockholders' equity | $2.3M | — | — | — |
| Conversion of warrant liabilities to stockholders' equity | $0 | $2.2M | — | — |
| Interest paid | $15.3M | $14.0M | $16.4M | $7.8M |
| Federal income taxes paid | $21.0M | — | — | — |
| State income taxes paid | $6.6M | — | — | — |
| Foreign income taxes paid | $385.0K | — | — | — |
| Total income taxes paid | $28.1M | $4.8M | $452.4K | $65.4K |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $92.1M | $51.3M | $90.4M | $63.8M |
| Depreciation and amortization | $938.0K | $436.0K | $967.0K | $598.0K |
| Provision for credit losses | $44.3M | $13.7M | $65.6M | $33.4M |
| Provision for other credit losses | $20.7M | $6.9M | $20.8M | $8.5M |
| Discount on notes receivable | ($658.0K) | ($345.0K) | — | — |
| Equity based compensation and restricted stock vested | $3.4M | $1.3M | $5.2M | $2.8M |
| Deferred income taxes | ($1.1M) | ($2.1M) | $3.5M | $2.5M |
| Other, net | $452.0K | — | — | — |
| Other assets | ($31.1M) | ($5.4M) | — | — |
| Merchant accounts payable | $1.8M | $1.3M | ($11.4M) | ($8.9M) |
| Other payables | ($423.0K) | $15.1M | $1.7M | ($1.5M) |
| Other liabilities | $9.3M | $6.3M | ($1.1M) | ($4.6M) |
| Deferred revenue | $1.4M | $240.0K | $608.0K | $22.0K |
| Operating leases | $11.0K | $5.0K | $35.0K | $30.0K |
| Net Cash Provided from Operating Activities | $141.2M | $89.0M | $55.6M | $22.5M |
| Purchases and originations of notes receivable, net of proceeds from repayments | ($77.9M) | ($21.4M) | — | — |
| Purchase of property and equipment | ($765.0K) | ($351.0K) | ($594.0K) | ($431.0K) |
| Internally developed intangible asset additions | ($1.6M) | ($738.0K) | ($1.5M) | ($897.0K) |
| Net Cash Used for Investing Activities | ($80.3M) | ($22.5M) | ($2.1M) | ($1.3M) |
| Proceeds from line of credit | $108.0M | $100.0M | $105.8M | $95.0M |
| Payments to line of credit | ($125.8M) | ($95.8M) | ($92.8M) | ($68.7M) |
| Payments of debt issuance costs | ($1.1M) | ($100.0K) | ($10.0K) | ($10.0K) |
| Proceeds from stock option exercises | $618.0K | $111.0K | $3.6M | $3.6M |
| Repurchase of common stock | ($32.8M) | ($25.7M) | ($34.6M) | ($30.7M) |
| Net Cash Used for Financing Activities | ($51.1M) | ($21.5M) | ($18.0M) | ($809.0K) |
| Effect of exchange rate changes on cash | ($428.0K) | ($205.0K) | $809.0K | $1.3M |
| Net increase in cash, cash equivalents, and restricted cash | $9.9M | $45.0M | $35.5M | $20.4M |
| Cash, cash equivalents, and restricted cash, beginning of period | $102.6M | $102.6M | $98.3M | $98.3M |
| Cash, cash equivalents, and restricted cash, end of period | $112.0M | $147.4M | $134.7M | $120.0M |
| Conversion of accrued profit-sharing incentive plan liabilities to stockholders' equity | $0 | $0 | $2.3M | $2.3M |
| Interest paid | $7.7M | $3.8M | $11.2M | $7.0M |
| Income taxes paid | $35.9M | $87.0K | $25.3M | $25.2M |
Sezzle Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.