Sezzle Inc. (SEZL) Income Statement
SEZL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSEZL revenue and net income
Where SEZL's revenue goes
2025Each bar shows an amount and its share of revenue. SEZL kept 29.6% of revenue as net income.
SEZL profit margins
SEZL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +66.1% | +53.1% | +587.3% | — |
| Gross profit | +74.9% | +125.4% | — | — |
| Operating income | +115.0% | — | — | — |
| Net income | +69.5% | — | — | — |
| EPS (diluted) | −45.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SEZL quarterly EPS vs estimates
Sezzle beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.28).
SEZL income statement
| 2025 | 2024 | 2023 | 2022 | 2018 | 2017 | |
|---|---|---|---|---|---|---|
| Revenue | $450.3M | $271.1M | $159.4M | $125.6M | $1.6M | $29,366 |
| Cost of revenue | $66.0M | $51.4M | $85.6M | $92.0M | $915,266 | $35,347 |
| Gross profit | $384.3M | $219.8M | $73.8M | $33.6M | $716,794 | −$5,981 |
| Research & development | — | $857,798 | $666,104 | $2.0M | $394,000 | $127,309 |
| Sales, general & admin | $49.0M | $21.1M | $20.6M | $35.4M | $4.4M | — |
| Total operating expenses | $207.5M | $137.5M | $51.6M | $62.0M | $4.7M | $808,348 |
| Operating income | $176.8M | $82.2M | $22.2M | −$28.4M | −$4.0M | −$814,329 |
| Interest expense | $14.0M | $13.8M | $16.0M | $8.6M | — | — |
| Income before taxes | $162.9M | $67.3M | $7.7M | −$38.0M | −$4.2M | −$1.8M |
| Income taxes | $29.8M | −$11.2M | $611,487 | $69,447 | $5 | — |
| Net income | $133.1M | $78.5M | $7.1M | −$38.1M | −$4.2M | −$1.8M |
| EBITDA | $267.5M | $82.2M | $24.5M | −$28.6M | −$4.0M | −$807,907 |
| EPS (diluted) | $3.61 | $6.58 | $12.52 | −$0.03 | −$0.45 | — |
| Gross margin | 85.4% | 81.1% | 46.3% | 26.7% | 43.9% | −20.4% |
| Operating margin | 39.3% | 30.3% | 13.9% | −22.6% | −247.1% | −2,773.0% |
| Net margin | 29.6% | 29.0% | 4.5% | −30.3% | −256.9% | −6,029.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.7M | $135.5M | $129.9M | $116.8M | $98.7M | $104.9M | $98.2M | $70.0M | $56.0M | $47.0M | $48.9M | $40.8M |
| Cost of revenue | $20.7M | $18.5M | −$7.8M | $17.4M | $25.9M | $30.4M | $30.7M | $26.2M | $23.5M | $11.0M | $11.7M | $21.0M |
| Gross profit | $128.9M | $117.0M | $137.6M | $99.4M | $72.8M | $74.5M | $67.6M | $43.8M | $32.5M | $36.0M | $37.2M | $19.8M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $666,104 | — |
| Sales, general & admin | $23.7M | $15.2M | $14.3M | $13.6M | $12.6M | $8.5M | $9.4M | $5.1M | $3.5M | $3.0M | $3.8M | $5.8M |
| Total operating expenses | $74.0M | $48.0M | $82.4M | $63.8M | $36.7M | $24.7M | $36.7M | $22.9M | $15.8M | $22.1M | $29.5M | $14.5M |
| Operating income | $55.0M | $69.0M | $55.2M | $35.6M | $36.1M | $49.9M | $30.9M | $20.8M | $16.7M | $13.8M | $7.7M | $5.3M |
| Interest expense | $3.2M | $3.0M | $3.7M | $3.9M | $3.5M | $2.9M | $3.4M | $3.3M | $2.9M | $4.1M | $4.5M | $4.1M |
| Income before taxes | $51.7M | $66.0M | $51.6M | $31.6M | $32.7M | $47.0M | $27.7M | $17.6M | $13.6M | $8.4M | $3.5M | $1.3M |
| Income taxes | $10.9M | $14.7M | $8.9M | $5.0M | $5.1M | $10.8M | $2.4M | $2.2M | −$16.1M | $393,000 | $563,463 | $15,874 |
| Net income | $40.8M | $51.3M | $42.7M | $26.7M | $27.6M | $36.2M | $25.4M | $15.4M | $29.7M | $8.0M | $2.9M | $1.3M |
| EBITDA | $55.5M | $69.5M | $55.6M | $32.0M | $36.5M | $50.2M | $31.4M | $21.2M | $16.7M | $12.7M | $8.2M | $5.7M |
| EPS (diluted) | $1.13 | $1.43 | $1.21 | $0.71 | $0.69 | $1.00 | $4.39 | $0.49 | $0.36 | $1.34 | $0.52 | $0.23 |
| Gross margin | 86.1% | 86.3% | 106.0% | 85.1% | 73.7% | 71.1% | 68.8% | 62.6% | 58.0% | 76.5% | 76.1% | 48.5% |
| Operating margin | 36.7% | 50.9% | 42.5% | 30.4% | 36.6% | 47.6% | 31.4% | 29.8% | 29.8% | 29.4% | 15.7% | 13.1% |
| Net margin | 27.2% | 37.9% | 32.9% | 22.8% | 28.0% | 34.5% | 25.8% | 22.1% | 53.1% | 17.0% | 6.0% | 3.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SEZL's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SEZL financial results
In fiscal year 2025 (ended December 31, 2025), Sezzle reported revenue of $450.3 million, up 66.1% from the year before. It had net income of $133.1 million (up 69.5%), a net profit margin of 29.6%. Diluted earnings per share came to $3.61. Over five years revenue grew at an average rate of 587.3% a year.
See the SEZL stock overview for the latest quote and news, or the SEZL chart for price history and technical indicators.
SEZL income statement FAQ
What is Sezzle's annual revenue?
Sezzle reported total revenue of $450.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 66.1% from $271.1 million the previous year.
Is Sezzle profitable?
Yes. Sezzle reported net income of $133.1 million in fiscal 2025, a net profit margin of 29.6%; its operating margin was 39.3%.
What is Sezzle's gross margin?
Sezzle's gross margin was 85.4% in fiscal 2025: for every $100 of revenue, Sezzle kept $85 after the direct cost of its products and services.
How fast is Sezzle growing?
Revenue grew 587.3% a year on average over the last five fiscal years, from $0.0 million to $450.3 million.
What are Sezzle's earnings per share?
Sezzle earned $3.61 per diluted share in fiscal 2025, compared with $6.58 a year earlier.
When will Sezzle report its next earnings?
Sezzle is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Sezzle's fiscal year end?
Sezzle's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.