Sezzle (SEZL) FY2024 results: revenue $271 million, up 70.1% on the year

Sezzle Inc. (SEZL) reported revenue of $271 million for fiscal 2024, the year ended 31 December 2024, up 70.1% on the year before. Net income was $79 million, up 1006.3%, and diluted earnings per share $2.19. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.

Revenue

$271 million

+70.1% on the year

FY2020FY2024

Operating margin

30.3%

13.9% a year earlier

FY2020FY2024

Net income

$79 million

+1,006.3% on the year

FY2020FY2024

Diluted EPS

$2.19

+950.6% on the year

FY2020FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	271	159	126	+70.1%
Selling, general and administrative	11.4	8.6	16.4	+32.8%
Operating income	82.2	22.2	-28.4	+270.5%
Operating margin	30.3%	13.9%	-22.6%
Interest expense	13.8	16.0	8.6	-13.8%
Pre-tax income	67.3	7.7	-38.0	+773.2%
Income tax	-11.2	0.6	0.1
Effective tax rate	-16.6%	7.9%	n/a
Net income	78.5	7.1	-38.1	+1,006.3%
Net margin	29.0%	4.5%	-30.3%
Diluted EPS	$2.19	$0.21	-$1.14	+950.6%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2024	FY2023	FY2022	On the year
Operating cash flow	131	-25.7	8.5
Capital expenditure	0.1	0.1	0.1	-14.2%
Free cash flow	131	-25.8	8.5
Free cash flow margin	48.2%	-16.2%	6.7%
Cash from investing	-91.2	-1.4	-1.0
Cash from financing	-10.4	28.2	-15.7
Depreciation and amortisation	1.0	0.9	0.8	+12.8%
Share-based compensation	5.2	6.9	10.3	-25.1%
Buybacks	23.6	1.7	0.4	+1,303.3%
Diluted shares, weighted	36m	34m	33m	+5.3%
Shares outstanding at period end	34m	34m	33m	-1.3%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	87.8	22.1	8.8	+297.5%
Debt	104	94.6	64.0	+9.9%
Operating lease liabilities	0.8	1.0	0.0	-16.2%
Other liabilities	106	94.9	99.7	+11.4%
Total liabilities and equity	298	213	173	+40.3%
Fixed assets	n/a	n/a	0.3
Intangible assets	2.4	1.9	1.3	+28.6%
Cash and equivalents	73.2	67.6	68.3	+8.2%
Other assets	223	143	103	+55.6%
Total assets	298	213	173	+40.3%

10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.