Sezzle Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents, including amounts held by variable interest entity (“VIE”) of $25,921 and $30,899, respectively $84.3m $77.0m $68.3m $67.6m $73.2m $64.1m
Restricted cash, current, including amounts held by VIE of $8,245 and $4,096, respectively $4.8m $1.9m $1.2m $3.0m $4.8m $8.4m
Notes receivable $103.6m $142.9m $190.7m $283.4m
Notes receivable, net, including amounts held by VIE of $237,062 and $152,174, respectively $93.4m $130.6m $164.6m $254.9m
Other receivables, net $1.4m $5.1m $2.5m $1.6m $3.6m $6.2m
Prepaid expenses and other current assets $1.7m $3.4m $4.7m $6.2m $11.4m $18.3m
Restricted cash, non-current $20k $20k $20k $82k $20.3m $30.1m
Total current assets $173.0m $221.3m $170.1m $209.0m $257.6m $351.9m
Internally developed intangible assets, net $537k $911k $1.3m $1.9m $2.4m $3.3m
Operating right-of-use assets $146k $286k $87k $994k $800k $665k
Other assets $33k $234k $734k $625k $331k $620k
Allowance for credit losses ($10.2m) ($12.3m) ($26.1m) ($28.5m)
Deferred tax asset, net of $0 and $3,742 valuation allowance, respectively $0 $16.9m $13.6m
Other payables, including amounts held by VIE of $1,476 and $1,103, respectively $616k $2.9m $4.1m $5.3m $7.5m $6.9m
Deferred revenue $0 $1.5m $2.6m $4.2m $5.4m
Other current liabilities $6.7m $8.0m $10.4m $10.8m $25.0m $21.1m
Operating lease liabilities $0 $91k $0 $982k $823k $661k
Line of credit, net of unamortized debt issuance costs of $1,268 and $1,008, respectively, held by VIE $39.8m $77.7m $63.8m $0 $104.0m $140.0m
Other non-current liabilities $4.5m $0 $0 $1.1m $45k $0
Total Assets $174.1m $223.4m $172.6m $212.6m $298.4m $400.2m
Total Liabilities and Stockholders' Equity $174.1m $223.4m $172.6m $212.6m $298.4m $400.2m
Merchant accounts payable $60.9m $96.5m $83.0m $74.1m $69.0m $56.4m
Total current liabilities $68.4m $107.6m $99.2m $187.3m $105.7m $89.8m
Total Liabilities $114.2m $185.6m $163.7m $190.6m $210.5m $230.4m
Common stock and additional paid-in capital, $0.00001 par value; 750,000 shares authorized; 35,130 and 34,786 shares issued, respectively; 33,798 and 33,735 shares outstanding, respectively 2k 2k 2k 2k 2k 194.9m
Treasury stock, at cost: 1,332 and 1,051 shares, respectively ($3.7m) ($4.1m) ($5.8m) ($9.4m) ($24.1m)
Accumulated other comprehensive loss $495k $564k ($644k) ($647k) ($1.6m) ($683k)
Accumulated deficit ($52.2m) ($127.4m) ($165.5m) ($157.5m) ($89.8m) ($324k)
Total Stockholders' Equity $60.0m $37.8m $8.8m $22.1m $87.8m $169.8m