Sezzle Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout 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.
Sep 30, 2024 · Filed Nov 8, 2024
SEZL$149.28-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income
Consolidated Statements of Operations and Comprehensive Income (unaudited)
| For the three months ended September 30, | For the nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Total revenue | $69,957,691 | $40,844,201 | $172,904,830 | $110,455,297 |
| Operating Expenses | ||||
| Personnel | 13,423,723 | 11,079,174 | 37,185,286 | 34,670,235 |
| Transaction expense | 12,761,438 | 9,936,804 | 35,290,202 | 26,121,338 |
| Third-party technology and data | 2,386,490 | 2,002,515 | 6,723,895 | 5,655,321 |
| Marketing, advertising, and tradeshows | 2,725,615 | 3,615,339 | 4,375,579 | 10,128,175 |
| General and administrative | 2,416,951 | 2,184,076 | 7,318,511 | 6,679,915 |
| Provision for credit losses | 15,402,303 | 6,676,548 | 30,636,149 | 12,667,346 |
| Total operating expenses | 49,116,520 | 35,494,456 | 121,529,622 | 95,922,330 |
| Operating Income | 20,841,171 | 5,349,745 | 51,375,208 | 14,532,967 |
| Other Income (Expense) | ||||
| Net interest expense | (3,327,998) | (4,143,258) | (10,320,573) | (11,453,751) |
| Other income (expense), net | 96,057 | 14,560 | 54,624 | 1,206,800 |
| Fair value adjustment on warrants | — | 89,227 | (1,261,556) | (79,268) |
| Loss on extinguishment of line of credit | — | — | (259,706) | — |
| Income before taxes | 17,609,230 | 1,310,274 | 39,587,997 | 4,206,748 |
| Income tax expense (benefit) | 2,162,989 | 15,874 | (13,567,130) | 48,024 |
| Net Income | 15,446,241 | 1,294,400 | 53,155,127 | 4,158,724 |
| Other Comprehensive Income (Loss) | ||||
| Foreign currency translation adjustment | 71,598 | (358,465) | (2,353) | (199,586) |
| Total Comprehensive Income | $15,517,839 | $935,935 | $53,152,774 | $3,959,138 |
| Net income per share*: | ||||
| Basic | $2.79 | $0.23 | $9.46 | $0.75 |
| Diluted | $2.62 | $0.23 | $8.94 | $0.74 |
| Weighted-average shares outstanding*: | ||||
| Basic | 5,545,353 | 5,667,430 | 5,620,754 | 5,576,233 |
| Diluted | 5,905,833 | 5,729,665 | 5,948,131 | 5,651,221 |
*Effective May 11, 2023, we performed a 1-for-38 reverse stock split. Share and per-share amounts have been retroactively restated.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.