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Unless otherwise noted, references in this Form 10-K to we, us, our, Company, or Sezzle refer collectively to Sezzle Inc. and our subsidiaries. Our Company We are a purpose-driven payments company on a mission to financially empower the next generation.
$106.76
+$4.32 (+4.22%)
Price from 17 days ago
Margins and capital returns are both well above average: 48.97% operating margin, ROIC at 113.36%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 67.0% YoY with margins expanding 10.9pp.
At 25x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 116.14% to 113.36%, capital efficiency is deteriorating.
25.5x earnings, 15.2x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$391M
▲ +67.0% YoY
Net Income (TTM)
$148M
▲ +69.5% YoY
Op. Margin
50.14%
▲ +10.9pp YoY
ROIC
99.05%
▼ -2.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$245M
▲ +60.3% YoY
Op. Cash Flow (TTM)
$246M
▲ +60.7% YoY
Net Debt
-$120M
Net Cash Position
Cash & Equiv.
$120M
5Y CAGR: +55.9%
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