SEZLSezzle Inc.
Services-Business Services, NEC
- Revenue
- $236M
- 69% YoY
- Operating margin
- 74.9%
- 27% YoY
- EBITDA
- $178M
- 114% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear1577× net incomeCash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear31% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $115M | $12M | $61M | $139M | $236M | 69% |
| Operating income | −$69M | −$28M | $22M | $82M | $177M | 115% |
| Net income | −$75M | −$38M | $7K | $79K | $133K | 70% |
| Operating cash flow | −$72M | $9M | −$26M | $131M | $210M | 61% |
| Capex | $686K | $52K | $82K | $70K | $655K | 836% |
| Stock-based comp | $14M | $10M | $7M | $5M | $7M | 26% |
| Buybacks | $3M | $381K | $2M | $24M | $65M | 174% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $29K · 1
- Open-market sells, 12 mo
- $0 · 0
- Net
- $29K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $1M | $6M | 3565 | 181 |
| FY2024 | $2M | $12M | 2394 | 180 |
| FY2023 | $2M | $2M | 192 | 134 |