Sezzle Inc

For the period ended Mar 31, 2024. Filed May 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 9, 2024

SEZL$149.28-1.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Income

Consolidated Statements of Operations and Comprehensive Income (unaudited)

	For the three months ended March 31,
	2024	2023
Total income	$46,978,634	$34,673,431
Operating Expenses
Personnel	11,025,040	11,573,990
Transaction expense	11,787,146	8,238,586
Third-party technology and data	2,157,172	1,749,176
Marketing, advertising, and tradeshows	654,875	3,199,174
General and administrative	2,379,778	2,798,210
Provision for credit losses	5,139,966	1,694,364
Total operating expenses	33,143,977	29,253,500
Operating Income	13,834,657	5,419,931
Other Income (Expense)
Net interest expense	(4,081,442)	(3,377,047)
Other income (expense), net	(91,560)	113,487
Fair value adjustment on warrants	(1,261,556)	(420,201)
Income before taxes	8,400,099	1,736,170
Income tax expense	393,094	11,624
Net Income	8,007,005	1,724,546
Other Comprehensive Income (Loss)
Foreign currency translation adjustment	1,451	(145,808)
Total Comprehensive Income	$8,008,456	$1,578,738
Net income per share*:
Basic	$1.41	$0.31
Diluted	1.34	0.31
Weighted-average shares outstanding*:
Basic	5,660,199	5,480,673
Diluted	5,960,768	5,556,830

*Effective May 11, 2023, we performed a 1-for-38 reverse stock split. Share and per-share amounts have been retroactively restated.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.