Sezzle Inc

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

SEZL$150.84+0.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	As of December 31,
	2024	2023
Assets
Current Assets
Cash and cash equivalents	$73,185,252	$67,624,212
Restricted cash, current, including amounts held by variable interest entity (“VIE”) of $4,095,855 and $2,868,011, respectively	4,849,582	2,993,011
Notes receivable	190,665,266	142,885,682
Allowance for credit losses	(26,103,421)	(12,253,041)
Notes receivable, net, including amounts held by VIE of $152,174,296 and $125,188,900, respectively	164,561,845	130,632,641
Other receivables, net	3,629,182	1,571,728
Prepaid expenses and other current assets	11,392,782	6,223,274
Total current assets	257,618,643	209,044,866
Non-Current Assets
Internally developed intangible assets, net	2,441,611	1,898,470
Operating right-of-use assets	800,424	994,476
Restricted cash, non-current	20,275,310	82,000
Deferred tax asset, net of $3,741,900 and $32,450,807 valuation allowance, respectively	16,905,315	—
Other assets	330,742	625,471
Total Assets	$298,372,045	$212,645,283
Liabilities and Stockholders' Equity
Current Liabilities
Merchant accounts payable	$68,966,667	$74,135,491
Other payables	7,455,416	5,261,436
Deferred revenue	4,234,224	2,643,230
Other current liabilities	25,020,936	10,847,624
Line of credit, net of unamortized debt issuance costs of $619,094, held by VIE	—	94,380,906
Total current liabilities	105,677,243	187,268,687
Non-Current Liabilities
Long term debt	—	250,000
Operating lease liabilities	823,071	981,692
Line of credit, net of unamortized debt issuance costs of $1,008,441, held by VIE	103,991,559	—
Warrant liabilities	—	967,257
Other non-current liabilities	44,743	1,083,323
Total Liabilities	210,536,616	190,550,959
Commitments and Contingencies (see Note 11)
Stockholders' Equity
Common stock, $0.00001 par value; 750,000,000 shares authorized; 5,797,732 and 5,826,206 shares issued, respectively; 5,622,579 and 5,697,517 shares outstanding, respectively	2,085	2,085
Additional paid-in capital	188,586,688	186,015,079
Treasury stock, at cost: 175,153 and 128,689 shares, respectively	(9,390,893)	(5,755,961)
Accumulated other comprehensive loss	(1,587,793)	(646,999)
Accumulated deficit	(89,774,658)	(157,519,880)
Total Stockholders' Equity	87,835,429	22,094,324
Total Liabilities and Stockholders' Equity	$298,372,045	$212,645,283

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.