Sezzle Inc SEZL

FinancialsProfessional & Commercial ServicesUnited States of America

Last close 128.32 USD on Nov 2, 2026, +102.2% year to date

Quant rating

Quant rating A Rank 24 of 799 in Financials

Growth C 504 of 799
Valuation B 202 of 799
Quality A 64 of 799
Revisions A 96 of 799
Momentum A 53 of 799

Wall Street consensus Buy (2.43)Average target 167.17 USD +30.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 4.3B
Enterprise value: 4.4B
52-week range: 49.55 – 195.40
3-year range: 1.50 – 195.40
Dividend yield: –
Beta (5 years): –
Shares outstanding: 33.8M
Next earnings: Nov 4, 2026

About the company

Sezzle Inc. is a fintech company. The Company’s payment platform increases the purchasing power of consumers by offering access to point-of-sale financing options and digital payment services connecting millions of customers with its global network of merchants. Its payment options allow consumers to take control over their spending. Its digital payments platform provides consumers a flexible alternative to traditional credit. Its Sezzle Platform offers a payments solution for consumers that instantly extends credit at the point-of-sale, allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time. The Sezzle Platform flagship product, pay-in-four, allows consumers to pay a fourth of the purchase price up front, and then another fourth of the purchase price every two weeks thereafter over a total of six weeks. Its Sezzle Virtual Card provides rapid-installation and point-of-sale option for brick-and-mortar retailers.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	450	271	159	126	115	–
Revenue growth	66.1%	70.1%	26.9%	9.4%	95.3%	50.3%
EPS (basic, normalized)	3.59	2.19	–	–	–	–
EPS growth	64.1%	–	–	–	–	–
Gross margin	85.4%	81.1%	75.4%	67.5%	62.1%	74.3%
Net margin	29.6%	29.0%	4.5%	−30.3%	−65.5%	−6.6%
ROE	103.3%	142.9%	45.9%	−163.4%	−153.8%	−5.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	79.8
Current ratio	4.02x
Long-term debt (mil)	122
Net debt (mil)	41.8
Total equity (mil)	233
Net debt / equity	0.18x
Net debt / EBITDA	0.22x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	450	+66.1%	9.7x	188	+132.1%	23.3x	3.59	+64.1%	35.7x
2026	609	+35.2%	7.2x	259	+38.1%	16.9x	5.26	+46.5%	24.4x
2027	757	+24.3%	5.8x	330	+27.5%	13.2x	6.65	+26.4%	19.3x
2028	877	+15.8%	5.0x	384	+16.1%	11.4x	7.95	+19.5%	16.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	609	0.0%	+2.0%	+3.3%	5.26	0.0%	+2.4%	+4.3%
2027	757	0.0%	+1.4%	+3.0%	6.65	0.0%	+1.8%	+5.4%
2028	877	0.0%	+8.3%	–	7.95	0.0%	+10.7%	–

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	–	56.0	70.0	98.2	105	98.7	117	130	136	150
Sales mean (mil)	–	43.4	52.6	76.3	64.8	94.9	105	128	129	135
Surprise	–	+29.1%	+32.9%	+28.7%	+62.0%	+4.0%	+11.7%	+1.5%	+5.0%	+10.8%
EPS reported	–	0.36	0.44	0.70	1.00	0.69	0.71	1.21	1.43	1.13
EPS mean	–	0.14	0.15	0.52	0.20	0.58	0.65	0.96	1.24	1.03
Surprise	–	+159.9%	+194.4%	+34.8%	+389.8%	+19.0%	+9.0%	+26.1%	+15.7%	+10.1%

Peer comparison Professional & Commercial Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SEZL Sezzle Inc	4.3B	0.22x	29.6%	18.54x	24.4x	19.3x	16.9x	13.2x
FISV Fiserv Inc	27.6B	2.80x	16.4%	1.02x	7.2x	6.5x	6.6x	6.4x
GPN Global Payments Inc	26.4B	4.19x	13.9%	1.15x	7.3x	6.2x	7.9x	7.3x
EFX Equifax Inc.	22.5B	2.66x	10.9%	5.04x	22.7x	20.0x	13.0x	12.0x
TRU TransUnion	15.1B	2.87x	10.0%	3.12x	16.5x	14.9x	10.9x	10.0x
FOUR Shift4 Payments, Inc.	3.3B	5.45x	1.9%	2.05x	8.1x	6.8x	7.6x	6.7x
Mean		3.03x	13.8%	5.15x	14.4x	12.3x	10.5x	9.3x
Median		2.84x	12.4%	2.59x	12.3x	10.8x	9.4x	8.6x

Technical analysis

1M+19.5%
3M−17.1%
1Y+95.8%
3Y+8,454.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Sezzle Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	450	271	159	126	115	58.8
Cost of revenue	66.0	51.4	39.2	40.8	43.5	22.5
Gross profit	384	220	120	84.8	71.3	36.3
Selling, general & administrative expenses	192	127	89.2	113	132	63.3
Research & development	–	–	–	2.0	1.5	0.5
Depreciation/amortization	1.1	1.0	0.9	0.8	0.7	0.4
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	0	0.3	0	−10.1	1.1	–
Other operating expenses	14.4	9.6	7.8	8.2	5.5	0
Operating income	177	82.0	22.2	−29.2	−69.8	−27.9
Net interest income (expense)	−14.1	−13.8	−15.8	−8.5	−5.2	−4.2
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0.2	−0.8	1.3	−0.3	−0.1	−0.3
Net income before taxes	163	67.3	7.7	−38.0	−75.1	−32.4
Provision for taxes	29.8	−11.2	0.6	0.1	0.1	0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	133	78.5	7.1	−38.1	−75.2	−32.4
Extraordinary items	–	–	–	–	–	–
Net income	133	78.5	7.1	−38.1	−75.2	−32.4
EBIT, normalized	177	82.3	22.2	−39.4	−68.7	−27.9
EBITDA, normalized	178	83.3	23.1	−38.5	−67.9	−27.5
Basic EPS, normalized	3.59	2.19	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Sezzle Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	64.1	73.2	67.6	68.3	77.0	84.3
Receivables	261	168	132	95.9	139	82.2
Total inventory	–	–	–	–	–	–
Prepaid expenses	18.3	11.4	6.2	4.7	3.4	1.7
Other current assets	8.4	4.8	3.0	1.2	1.9	4.8
Total current assets	352	258	209	170	221	173
Property, plant & equipment	0.7	0.8	1.0	0.4	0.9	0.5
Goodwill	–	–	–	–	–	–
Intangibles	3.3	2.4	1.9	1.3	0.9	0.5
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	44.4	37.5	0.7	0.8	0.3	0.1
Total assets	400	298	213	173	223	174
Liabilities
Accounts payable	56.4	69.0	74.1	83.0	96.5	60.9
Payable/accrued	–	–	–	–	–	–
Accrued expenses	11.5	25.0	10.8	10.5	8.2	6.8
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	0	94.4	–	–	–
Other current liabilities	21.9	11.7	7.9	5.6	2.9	0.6
Total current liabilities	89.8	106	187	99.2	108	68.4
Long-term debt	140	104	0.2	64.0	78.0	41.3
Minority interest	–	–	–	–	–	–
Other liabilities	0.7	0.9	3.0	0.5	0.1	4.5
Total liabilities	230	211	191	164	186	114
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	195	0	0	0	0	0
Additional paid-in capital	–	189	186	179	168	113
Retained earnings (accumulated deficit)	−0.3	−89.8	−158	−165	−127	−52.2
Treasury stock	−24.1	−9.4	−5.8	−4.1	−3.7	−0.9
Other equity	−0.7	−1.6	−0.6	−0.6	0.6	0.5
Total equity	170	87.8	22.1	8.8	37.8	60.0
Total liabilities & shareholders' equity	400	298	213	173	223	174

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Sezzle Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	133	78.5	7.1	−38.1	−75.2	−32.4
Depreciation, depletion & amortization	1.4	1.0	0.9	0.8	0.7	0.4
Deferred taxes	3.3	−16.9	–	–	–	–
Non-cash items	129	73.3	34.7	50.9	75.9	29.7
Changes in working capital	−57.0	−5.2	−68.4	−5.1	−73.6	−22.6
Cash from operations	210	131	−25.7	8.5	−72.1	−24.8
Investing activities
Capital expenditures	−2.7	−1.5	−1.4	−1.0	−1.4	−0.7
Other investing cash flows	−179	−89.7	0	0	0	0
Cash from investing	−182	−91.2	−1.4	−1.0	−1.4	−0.7
Financing activities
Financing cash flow items	−0.8	−1.1	−0.1	−1.9	−2.7	−2.5
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−24.6	−9.3	28.3	−13.8	65.9	80.1
Cash from financing	−25.4	−10.4	28.2	−15.7	63.2	77.6
Foreign exchange effects	1.4	−1.5	0	−1.2	0.1	0.5
Net change in cash	4.3	27.6	1.2	−9.4	−10.2	52.5
Free cash flow	207	129	−27.1	7.5	−73.6	−25.5

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.