Sezzle Inc.

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

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.

Jun 30, 2025 · Filed Aug 8, 2025

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

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Contents

Consolidated Balance Sheets

	As of
	June 30, 2025	December 31, 2024
(in thousands, except per share amounts)	(unaudited)	(audited)
Assets
Current Assets
Cash and cash equivalents	$88,943	$73,185
Restricted cash, current, including amounts held by variable interest entity (“VIE”) of $8,608 and $4,096, respectively	10,559	4,850
Notes receivable	208,555	190,665
Allowance for credit losses	(23,615)	(26,103)
Notes receivable, net, including amounts held by VIE of $160,840 and $152,174, respectively	184,940	164,562
Other receivables, net	4,025	3,629
Prepaid expenses and other current assets	23,066	11,393
Total current assets	311,533	257,619
Non-Current Assets
Internally developed intangible assets, net	2,777	2,442
Operating right-of-use assets	735	800
Restricted cash, non-current	20,467	20,275
Deferred tax asset, net of $4,058 and $3,742 valuation allowance, respectively	14,420	16,905
Other assets	620	331
Total Assets	$350,552	$298,372
Liabilities and Stockholders' Equity
Current Liabilities
Merchant accounts payable	$60,478	$68,967
Other payables	2,828	7,455
Deferred revenue	4,261	4,234
Other current liabilities	21,307	25,021
Total current liabilities	88,874	105,677
Non-Current Liabilities
Operating lease liabilities	759	823
Line of credit, net of unamortized debt issuance costs of $799 and $1,008, respectively, held by VIE	130,501	103,992
Other non-current liabilities	20	45
Total Liabilities	220,154	210,537
Commitments and Contingencies (see Note 8)
Stockholders' Equity*
Common stock and additional paid-in capital, $0.00001 par value; 750,000 shares authorized; 35,237 and 34,786 shares issued, respectively; 34,015 and 33,735 shares outstanding, respectively	193,541	188,589
Stock subscriptions: 7 and no shares subscribed, respectively	(44)	—
Treasury stock, at cost: 1,222 and 1,051 shares, respectively	(16,507)	(9,391)
Accumulated other comprehensive loss	(766)	(1,588)
Accumulated deficit	(45,826)	(89,775)
Total Stockholders' Equity	130,398	87,835
Total Liabilities and Stockholders' Equity	$350,552	$298,372

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