Sezzle Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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, 2026 · Filed Nov 5, 2026
SEZL$149.28-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (unaudited)
| For the nine months ended September 30, | ||
|---|---|---|
| (As restated) | ||
| (in thousands) | 2026 | 2025 |
| Operating Activities: | ||
| Net income | $139,893 | $90,439 |
| Adjustments to reconcile net income to net cash provided from operating activities: | ||
| Depreciation and amortization | 1,497 | 967 |
| Provision for credit losses | 81,949 | 65,624 |
| Discount on notes receivable | (674) | (1,516) |
| Equity based compensation and restricted stock vested | 6,355 | 5,180 |
| Deferred income taxes | (851) | 3,462 |
| Other, net | 1,421 | 384 |
| Changes in operating assets and liabilities: | ||
| Other assets | (12,786) | (15,143) |
| Merchant accounts payable | 202 | (11,445) |
| Other payables | 2,963 | (1,059) |
| Other liabilities | 5,732 | 1,738 |
| Deferred revenue | 2,238 | 608 |
| Operating leases | (9) | 35 |
| Net Cash Provided from Operating Activities | 227,930 | 139,274 |
| Investing Activities: | ||
| Purchases and originations of notes receivable, net of proceeds from repayments | (142,332) | (83,656) |
| Purchase of property and equipment | (943) | (594) |
| Internally developed intangible asset additions | (2,316) | (1,509) |
| Net Cash Used for Investing Activities | (145,591) | (85,759) |
| Financing Activities: | ||
| Proceeds from line of credit | 135,000 | 105,800 |
| Payments to line of credit | (172,260) | (92,800) |
| Payments of debt issuance costs | (1,163) | (10) |
| Proceeds from stock option exercises | 1,063 | 3,618 |
| Stock subscriptions collected related to stock option exercises | — | 44 |
| Repurchase of common stock | (39,360) | (34,630) |
| Net Cash Used for Financing Activities | (76,720) | (17,978) |
| Effect of exchange rate changes on cash | (356) | 809 |
| Net increase in cash, cash equivalents, and restricted cash | 5,619 | 35,537 |
| Cash, cash equivalents, and restricted cash, beginning of period | 102,601 | 98,310 |
| Cash, cash equivalents, and restricted cash, end of period | $107,864 | $134,656 |
| Noncash investing and financing activities: | ||
| Conversion of accrued profit-sharing incentive plan liabilities to stockholders' equity | $— | $2,301 |
| Supplementary disclosures: | ||
| Interest paid | $11,828 | $11,248 |
| Income taxes paid | 47,282 | 25,324 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.