Filing Flows › Sezzle (SEZL) › Q1 2025
Sezzle (SEZL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Sezzle (SEZL) reported revenue of $105M for the first quarter 2025 (Q1 2025), +123% from a year earlier and +7% from the quarter before. Operating margin was 47.6%, net earnings $36.2M (34.5% of revenue).
Sezzle, Q1 2025: revenue $105M (+123% year over year), operating margin 47.6%, net earnings $36.2M, operating cash flow $58.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | +7% | +123% |
| Operating profit | $49.9M | +62% | +261% |
| Net earnings | $36.2M | +43% | +352% |
| Operating cash flow | $58.8M | 61× | +52% |
| Free cash flow | $58.8M | 63× | +52% |
What changed
Revenue was $104.9M in Q1 2025, up 123% year over year and up 7% from the previous quarter. Consumer Fees was the largest line at 33% of revenue. Consumer Fees added $27.3M year over year (up 369%), 47% of the total change.
Operating profit was $49.9M, a 47.6% margin (up 18.1 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 29% margin then. Total costs grew 66% against revenue growth of 123%. The fastest-growing cost line was Other operating costs (+51%). Net earnings were $36.2M, up 352% year over year. The effective tax rate was 23.1%.
Operating cash flow was $58.8M (up 52% year over year), 163% of net earnings. Non-cash charges added back $274K of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $21.1M. Capital expenditures of $27K left free cash flow of $58.8M.
Questions
What was Sezzle's revenue in the first quarter 2025?
Sezzle (SEZL) reported revenue of $105M for the first quarter 2025 (Q1 2025), +123% from a year earlier and +7% from the quarter before.
Was Sezzle profitable in the first quarter 2025?
Operating profit was $49.9M (47.6% of revenue) and net earnings $36.2M.
Source: Sezzle 10-Q on SEC EDGAR.