← Sezzle Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net income | ($32.4m) |
($75.2m)
-132.05%
|
($38.1m)
+49.32%
|
$7.1m
+118.63%
|
$78.5m
+1006.26%
|
$133.1m
+69.54%
|
$161.4m
+21.26%
|
|
| Depreciation and amortization | $428k | $749k | $847k | $856k | $965k | $1.4m | $1.7m | |
| Amortization of debt issuance costs | $417k | $690k | $984k | $732k | $526k | $532k | — | |
| Deferred income taxes | — | — | — | $0 | ($16.9m) | $3.3m | ($250k) | |
| Impairment losses on long-lived assets | $8k | $5k | $40k | $42k | $48k | $68k | — | |
| Other receivables | ($3.8m) | ($11.0m) | ($6.7m) | ($2.4m) | ($12.7m) | ($36.0m) | — | |
| Merchant accounts payable | $47.5m | $35.7m | ($12.9m) | ($9.1m) | ($4.3m) | ($13.0m) | — | |
| Other payables | $85k | $2.1m | $1.3m | $1.1m | $2.0m | ($572k) | — | |
| Accrued and other liabilities | $9.5m | $7.4m | $2.5m | $1.4m | $13.1m | ($1.8m) | — | |
| Deferred revenue | — | $0 | $1.5m | $1.1m | $1.6m | $1.2m | — | |
| Conversion of accrued profit-sharing incentive plan liabilities to stockholders' equity | — | — | — | — | $0 | $2.3m | — | |
| Prepaid expenses and other assets | ($796k) | ($1.9m) | ($1.4m) | ($1.2m) | ($5.0m) | ($6.8m) | — | |
| Net Cash Provided from Operating Activities | ($24.8m) |
($72.1m)
-190.75%
|
$8.5m
+111.80%
|
($25.7m)
-401.82%
|
$40.9m
+259.20%
|
$209.9m
+413.22%
|
$275.6m
+31.29%
|
|
| Purchase of property and equipment | ($411k) | ($686k) | ($52k) | ($82k) | ($70k) | ($655k) | ($3.7m) | |
| Net Cash Used for Investing Activities | ($733k) | ($1.4m) | ($1.0m) | ($1.4m) | ($1.5m) | ($181.6m) | — | |
| Payments of debt issuance costs | $0 | ($1.7m) | ($1.3m) | ($129k) | ($1.1m) | ($792k) | — | |
| Repurchase of common stock | ($611k) | ($2.7m) | ($381k) | ($1.7m) | ($23.6m) | ($64.7m) | — | |
| Net Cash Used for Financing Activities | $77.6m |
$63.2m
-18.47%
|
($15.7m)
-124.81%
|
$28.2m
+279.85%
|
($10.4m)
-136.75%
|
($25.4m)
-145.10%
|
— | |
| Cash, cash equivalents, and restricted cash, beginning of period | $89.1m | $78.9m | $69.5m | $70.7m | $98.3m | $102.6m | — | |
| Net increase in cash, cash equivalents, and restricted cash | $52.0m | ($10.3m) | ($8.2m) | $1.2m | $29.1m | $2.9m | — | |
| Effect of exchange rate changes on cash | $455k | $98k | ($1.2m) | $17k | ($1.5m) | $1.4m | ($337k) | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Provision for credit losses | $19.6m | $52.6m | $29.4m | $23.2m | $55.0m | $89.3m | — | |
| Provision for other credit losses | $2.7m | $7.3m | $9.3m | $3.4m | $10.6m | $33.5m | — | |
| Discount on notes receivable | — | — | — | — | $460k | ($735k) | — | |
| Equity based compensation and restricted stock vested | $7.0m | $14.2m | $10.3m | $6.9m | $5.2m | $6.5m | — | |
| Fair value adjustment on warrants | — | $0 | ($50k) | $456k | $1.3m | $0 | — | |
| Gain on sale of fixed assets | — | $0 | $80k | $26k | ($55k) | ($21k) | — | |
| Loss on extinguishment of line of credit | $0 | $1.1m | $814k | $0 | $260k | $0 | — | |
| Operating leases | ($25k) | ($20k) | $16k | $52k | $74k | $40k | — | |
| Purchases and originations of notes receivable, net of proceeds from repayments | — | — | — | — | ($89.7m) | ($178.9m) | — | |
| Internally developed intangible asset additions | ($322k) | ($734k) | ($956k) | ($1.3m) | ($1.4m) | ($2.0m) | — | |
| Proceeds from line of credit | $85.7m | $174.7m | $71.2m | $54.8m | $107.4m | $180.9m | — | |
| Payments to line of credit | ($67.1m) | ($135.9m) | ($85.0m) | ($24.8m) | ($97.4m) | ($144.6m) | — | |
| Proceeds from stock option exercises | $428k | $766k | $100k | $27k | $3.9m | $3.7m | — | |
| Stock subscriptions collected related to stock option exercises | $8k | $247k | $324k | $0 | $39k | $44k | — | |
| Proceeds from warrant exercises | — | — | — | $0 | $401k | $0 | — | |
| Conversion of warrant liabilities to stockholders' equity | — | — | — | $0 | $2.2m | $0 | — | |
| Interest paid | $3.8m | $4.8m | $7.8m | $16.4m | $14.0m | $15.3m | $16.0m | |
| Federal income taxes paid | $8k | $56k | $65k | $452k | $4.8m | $21.0m | — |