Sezzle (SEZL) FY2025 results: revenue $450 million, up 66.1% on the year
Sezzle Inc. (SEZL) reported revenue of $450 million for fiscal 2025, the year ended 31 December 2025, up 66.1% on the year before. Net income was $133 million, up 69.5%, and diluted earnings per share $3.72. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2026.
Revenue
$450 million
+66.1% on the year
FY2020FY2025
Operating margin
39.3%
30.3% a year earlier
FY2020FY2025
Net income
$133 million
+69.5% on the year
FY2020FY2025
Diluted EPS
$3.72
+70.0% on the year
FY2020FY2025
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
210
131
-25.7
+60.7%
Capital expenditure
0.7
0.1
0.1
+835.7%
Free cash flow
209
131
-25.8
+60.3%
Free cash flow margin
46.5%
48.2%
-16.2%
Cash from investing
-182
-91.2
-1.4
Cash from financing
-25.4
-10.4
28.2
Depreciation and amortisation
1.4
1.0
0.9
+40.5%
Share-based compensation
6.5
5.2
6.9
+25.6%
Buybacks
64.7
23.6
1.7
+173.7%
Diluted shares, weighted
36m
36m
34m
-0.4%
Shares outstanding at period end
34m
34m
34m
+0.2%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
170
87.8
22.1
+93.3%
Debt
140
104
94.6
+34.6%
Operating lease liabilities
0.7
0.8
1.0
-19.7%
Other liabilities
89.8
106
94.9
-15.1%
Total liabilities and equity
400
298
213
+34.1%
Intangible assets
3.3
2.4
1.9
+36.4%
Cash and equivalents
64.1
73.2
67.6
-12.5%
Other assets
333
223
143
+49.4%
Total assets
400
298
213
+34.1%
10-K for the year ended 31 December 2025, filed 26 February 2026: the filing.