Sezzle Inc.

For the period ended Sep 30, 2025. Filed Nov 6, 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.

Sep 30, 2025 · Filed Nov 6, 2025

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

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Contents

Consolidated Balance Sheets

	As of
	September 30, 2025	December 31, 2024
(in thousands, except per share amounts)	(unaudited)	(audited)
Assets
Current Assets
Cash and cash equivalents	$104,147	$73,185
Restricted cash, current, including amounts held by variable interest entity (“VIE”) of $9,930 and $4,096, respectively	10,915	4,850
Notes receivable	217,849	190,665
Allowance for credit losses	(33,718)	(26,103)
Notes receivable, net, including amounts held by VIE of $156,000 and $152,174, respectively	184,131	164,562
Other receivables, net	7,423	3,629
Prepaid expenses and other current assets	22,838	11,393
Total current assets	329,454	257,619
Non-Current Assets
Internally developed intangible assets, net	3,094	2,442
Operating right-of-use assets	700	800
Restricted cash, non-current	19,594	20,275
Deferred tax asset, net of $4,013 and $3,742 valuation allowance, respectively	13,443	16,905
Other assets	679	331
Total Assets	$366,964	$298,372
Liabilities and Stockholders' Equity
Current Liabilities
Merchant accounts payable	$57,829	$68,967
Other payables	6,422	7,455
Deferred revenue	4,845	4,234
Other current liabilities	24,566	25,021
Total current liabilities	93,662	105,677
Non-Current Liabilities
Operating lease liabilities	711	823
Line of credit, net of unamortized debt issuance costs of $688 and $1,008, respectively, held by VIE	117,312	103,992
Other non-current liabilities	9	45
Total Liabilities	211,694	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; 35,423 and 34,786 shares issued, respectively; 34,153 and 33,735 shares outstanding, respectively	196,004	188,589
Treasury stock, at cost: 1,270 and 1,051 shares, respectively	(20,474)	(9,391)
Accumulated other comprehensive loss	(1,105)	(1,588)
Accumulated deficit	(19,155)	(89,775)
Total Stockholders' Equity	155,270	87,835
Total Liabilities and Stockholders' Equity	$366,964	$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.