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Provides buy-now-pay-later installment payment plans that shoppers use to split purchases at online checkout.
Provides buy-now-pay-later installment payment plans that shoppers use to split purchases at online checkout.
Charges merchants a fee when a shopper splits a purchase into short interest-free instalments, and adds subscription and late or reschedule fees from shoppers. It finances the instalments on its own books, so credit losses and borrowing costs matter. It operates in the US and Canada.
Moat: none (brand, network effects). Growing merchant/consumer network, but BNPL is a competitive, commoditized credit product.
Headquarters: Minneapolis, Minnesota, United States · Founded: 2016 · Employees: 201
Size Sezzle (SEZL) is a United States Information Technology company (Packaged Software) with a market value of $5.05B, the 1181st largest of 3,117 United States companies the cockpit tracks. Shares closed at $149.43 on 6 Nov 2026.
Performance Over six months the shares gained 146.4%, against +14.9% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 18 in its peer set.
Growth Revenue grew 43.1% over the last twelve months (peer median +13.7%); the operating margin is 40.4% (peer median 12.8%).
Valuation It trades at 22.4× forward earnings against a peer median of 23.5× (7th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +50%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 45.5 points above its cost of capital (19.5% WACC).
Backlog Backlog (remaining performance obligations) was $7.60M at 30 Sep 2026, up 65% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $532M | $450M | $271M | $159M | $126M |
| Revenue growth | — | +66% | +70% | +27% | — |
| Gross profit | $397M | $328M | $167M | $72.9M | $32.7M |
| EBITDA | $217M | $178M | $83.2M | $23.1M | -$38.6M |
| Net income | $161M | $133M | $78.5M | $7.10M | -$38.1M |
| Free cash flow | $328M | $209M | $131M | -$25.8M | $8.46M |
| Capital expenditure | $3.70M | $2.69M | $1.46M | $1.37M | $1.01M |
| Total debt | $122M | $141M | $105M | $95.7M | $64.1M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sezzle SEZL | $5.05B | +146% | +43% | 40% | 22.4× | 28.8% |
| Affirm AFRM | $23.1B | +6% | +32% | 22% | 35.0× | n/a |
| PayPal PYPL | $49.2B | +31% | +5% | 19% | 10.1× | n/a |
| Block XYZ | $51.7B | +14% | +7% | 20% | 17.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SEZL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.7% | +4.6% | 5th lowest of 21 |
| 6-month return | +146.4% | +14.9% | highest of 18 |
| Distance from 52-week high | -23.6% | -24.6% | 9th highest of 21 |
| Revenue growth (TTM) | +43.1% | +13.7% | 3rd highest of 21 |
| Operating margin | 40.4% | 12.8% | 2nd highest of 21 |
| Forward P/E | 22.4× | 23.5× | 7th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 28.8% | 7.5% | 2nd most demanding of 12 |
| Growth delivered (Del g) | +50.3% | +10.6% | highest of 12 |
| Hurdle (Req g minus delivered) | -21.5 pp | -8.5 pp | 2nd least demanding of 12 |
| ROIC minus cost of capital | +45.5 pp | -1.0 pp | highest of 19 |
| EV / EBITDA | 23.4× | 15.8× | 2nd most expensive of 10 |
| Net debt / EBITDA | 0.2× | -0.2× | 6th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sezzle SEZL | United States | $5.05B | +146% | +43% | 40% | 22.4× | 28.8% | +50.3% |
| Baige Online Digital Technology 2672.HK | Hong Kong | $5.07B | n/a | +34% | -3% | n/a | n/a | n/a |
| Beijing HyperStrong Technology 688411.SS | China | $4.99B | -29% | +38% | 12% | 16.7× | n/a | n/a |
| iSoftStone Information Technology (Group) 301236.SZ | China | $5.13B | -16% | +13% | 0% | 105.2× | n/a | n/a |
| Lumine LMN.V | Canada | $5.14B | +38% | +15% | 21% | 18.1× | 15.6% | +36.8% |
| Mphasis MPHASIS.NS | India | $5.15B | +15% | +14% | 15% | 22.4× | 28.7% | +10.6% |
| BlackBerry BB.TO | Canada | $5.16B | +48% | +14% | 16% | 40.8× | 33.6% | -8.6% |
| AutoStore AUTO.OL | Norway | $5.20B | +8% | +17% | 33% | 27.4× | 18.5% | +27.0% |
| Asseco Poland ACP.WA | Poland | $4.85B | +31% | +2% | 11% | 23.5× | 4.0% | +6.6% |
| 37 Interactive Entertainment Network Technology 002555.SZ | China | $5.29B | -24% | -10% | 14% | 14.2× | 5.0% | +2.1% |
| Shanghai Stonehill Technology 002195.SZ | China | $4.77B | -34% | +11% | -25% | 284.5× | n/a | n/a |
| OBIC Business Consultants 4733.T | Japan | $4.74B | +62% | +12% | 47% | 36.1× | 3.2% | +11.9% |
| Trend Micro 4704.T | Japan | $5.39B | +18% | +7% | 18% | 27.4× | -4.1% | +9.7% |
| Yonyou Network Technology 600588.SS | China | $4.72B | -21% | +4% | -16% | n/a | n/a | n/a |
| Waystar WAY | United States | $5.45B | +33% | +21% | 24% | 15.8× | 7.5% | +16.0% |
| Kingnet Network 002517.SZ | China | $5.47B | -4% | +62% | 29% | 13.7× | 6.3% | +28.1% |
| Beijing DeepZero Technology 2723.HK | Hong Kong | $4.58B | n/a | +31% | 1% | n/a | n/a | n/a |
| Planet Labs PBC PL | United States | $4.57B | -68% | +44% | -26% | n/a | n/a | n/a |
| HeartFlow HTFL | United States | $4.56B | +15% | +40% | -34% | n/a | n/a | n/a |
| Octave Intelligence OCTV | United States | $5.60B | n/a | +1% | 20% | 14.7× | 17.0% | +1.3% |
| RXO RXO | United States | $4.55B | +27% | +10% | 0% | 53.0× | n/a | n/a |
Sezzle reported $7.60M of remaining performance obligations at 30 Sep 2026, up 65% from a year earlier and up 12% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.