What is the 13F Pro Quality Score for SEZL?

13F Pro ranks Sezzle Inc. (SEZL) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SEZL's current score at https://13fpro.ai/research/SEZL (free sign-up required for the full ranking).

Where does 13F Pro source SEZL data?

All Sezzle Inc. fundamentals and ownership data come directly from SEC EDGAR. Sezzle Inc. files with the SEC under CIK 1662991. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SEZL in?

Sezzle Inc. (SEZL) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives SEZL's revenue?

Per Sezzle Inc.'s latest 10-Q filed with the SEC on 2026-05-07, the biggest revenue drivers are: Subscription Revenue ($33.2M, +41.7% YoY); Income from Other Sources ($36.6M, +57.0% YoY); Transaction Income ($65.7M, +13.0% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/SEZL.

What are SEZL's largest expenses?

Sezzle Inc.'s latest 10-Q reports these as the largest expense items: Provision for Credit Losses ($13.7M, +6.8% YoY); Marketing, Advertising, and Tradeshows ($11.2M, +110.4% YoY); Transaction Expense ($18.5M, +20.9% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is SEZL research updated on 13F Pro?

SEZL's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Sezzle Inc.(SEZL)Stock Analysis

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13F Pro Quality Score

80.9/100

Rank #36 of 2,879 stocksTOP 5%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

88.6/100

Profitability

95.8/100

Balance Sheet

99.2/100

Earnings Quality

96.9/100

Free Cash Flow

94.4/100

Institutional Flow

75.6/100

Revenue Scale

26.3/100

Dilution Risk

47.9/100

SEZL Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Sezzle Inc. (SEZL), a Financials sector company. 13F Pro's AI-powered ranking engine scores SEZL at 80.9/100 on a 32-signal composite quality model, placing it at rank #36 of 2,879 stocks — the top 5% of the AI-ranked universe. SEZL scores in the top quartile across balance sheet strength (99.2), earnings quality (96.9), profitability (95.8). Areas of concern include revenue scale (26.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 47.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Sezzle Inc. reports quarterly revenue of $135.5M, net income of $51.3M, an operating margin of 50.9%. Top institutional holders of SEZL by reported 13-F value include BlackRock,, Divisadero Street Capital Management,, Accredited Investors, based on the most recent SEC filings. SEZL trades on the Nasdaq exchange and files with the SEC under CIK 1662991. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SEZL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Sezzle Inc. directly from SEC EDGAR. Sezzle Inc.'s 13F Pro composite quality score has ranged between 8 and 92 since 2024, currently 80.9 — an improving long-term trajectory across 43 quarterly and live scoring snapshots.

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Fun facts about Sezzle Inc.

Quirks, history, and lore behind SEZL — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. fintech company · listed on Nasdaq · headquartered in Minneapolis, Minnesota · operates in the consumer lending space.
2
The Numbers
A small-cap with revenue in the tens of millions annually — not a titan, but growing fast in a crowded field where the big dogs are Affirm and Klarna.
3
The History
Founded in 2016, it went public on Nasdaq and spent years as a micro-cap before a surge in buy now, pay later enthusiasm sent investors hunting for underdogs.
4
The Secret
It originally launched to serve U.S. and Canadian consumers and carved out a niche with interest-free installment plans — leaning hard on the idea that debt shouldn't sting.
5
The Lore
Its name is a playful riff on the word "sizzle" — because apparently splitting your cart into four easy payments is supposed to sound exciting, not terrifying.
6
The Giveaway
Ticker SEZL, and a name that rhymes with a steakhouse sound effect — this Minneapolis BNPL upstart wants to be the little installment engine that could.

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What's Driving SEZL's Business? Latest 10-Q Breakdown

AI-extracted from Sezzle Inc.'s 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Sezzle's Q1 2026 revenue surged 29.2% YoY to $135.5M, driven by 37.3% GMV growth and 41.7% subscription revenue expansion, with net income doubling to $51.3M.

Biggest Revenue Drivers

Total revenue: $135.5M+29.2% YoY

Subscription Revenue$33.2M+41.7% YoY

Growth driven by overall increase in Active Subscribers for Sezzle Premium and Sezzle Anywhere.

Income from Other Sources$36.6M+57.0% YoY

Largely derived from consumer fee income, including late payment fees of $23.1M (up from $16.8M).

Transaction Income$65.7M+13.0% YoY

Merchant and partner income grew to $27.6M; consumer fees increased to $38.1M due to higher fee prices.

Largest Expense Items

Provision for Credit Losses$13.7M+6.8% YoY

GMV growth outpaced credit loss growth due to better expected performance on current year portfolio and prior vintages.

Marketing, Advertising, and Tradeshows$11.2M+110.4% YoY

Driven by expansion of consumer acquisition, retention, and engagement initiatives.

Transaction Expense$18.5M+20.9% YoY

Payment processing costs increased 23.2% due to higher GMV, offset by more efficient processing strategies.

Personnel$14.7M-2.5% YoY

Lower bonus expense offset by higher contract labor.

Watch Items from the Filing

Material weakness in internal control: company failed to design effective controls over notes receivable cash flow classification, causing restatement of prior period statements. Remediation underway but weakness remains.
Pending antitrust litigation against Shopify filed June 2025 seeks injunction and treble damages for alleged monopolistic BNPL practices; Shopify motion to dismiss outcome uncertain as of filing date.
Heavy reliance on single originating bank partner for majority of loan originations; company has direct obligation to purchase $60.3M carrying value of receivables as of Q1 2026.
Line of credit at $145.5M of $225M total facility; 10.4% effective annual rate with $69.0M unused capacity; 100 bps SOFR increase would add ~$0.3M annual interest expense.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$135.5M

Net Income

Q1 2026

$51.3M

Free Cash Flow

Q1 2026

$88.6M

Operating Margin

Q1 2026

50.9%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+115.9% YoY

$271.1MFY 2024

FY20 $58.8MFY21 $114.8MFY22 $125.6MFY24 $271.1M

Net Income

+306.1% YoY

$78.5MFY 2024

FY20 $-32.4MFY21 $-75.2MFY22 $-38.1MFY24 $78.5M

Operating Income

+389.2% YoY

$82.2MFY 2024

FY20 $-27.9MFY21 $-68.7MFY22 $-28.4MFY24 $82.2M

EPS (Diluted)

+131.3% YoY

$0.36FY 2024

FY20 $-0.17FY21 $-0.38FY22 $-1.17FY24 $0.36

Total Assets

+72.9% YoY

$298.4MFY 2024

FY20 $174.1MFY21 $223.4MFY22 $172.6MFY24 $298.4M

Op. Cash Flow

+1434.9% YoY

$130.6MFY 2024

FY20 $-24.8MFY21 $-72.1MFY22 $8.5MFY24 $130.6M

Metric	FY 2024	FY 2022	FY 2021	FY 2020
Revenue	$271.1M +115.9%	$125.6M +9.4%	$114.8M +95.3%	$58.8M
Net Income	$78.5M +306.1%	$-38.1M +49.3%	$-75.2M -132.1%	$-32.4M
Operating Income	$82.2M +389.2%	$-28.4M +58.6%	$-68.7M -145.9%	$-27.9M
EPS (Diluted)	$0.36 +131.3%	$-1.17 -207.0%	$-0.38 -123.5%	$-0.17
Total Assets	$298.4M +72.9%	$172.6M -22.8%	$223.4M +28.3%	$174.1M
Operating Cash Flow	$130.6M +1434.9%	$8.5M +111.8%	$-72.1M -190.8%	$-24.8M

AI Insight: SEZL Financial Trends

Sezzle's operating income surged to $69M in Q1 2026, nearly tripling from $21M in Q3 2024, while equity has quadrupled to $197M.

• Revenue grew from $56M in Q2 2024 to $136M in Q1 2026, a 143% increase over six quarters.

• Operating margin expanded sharply: from 30% in Q2 2024 to 51% in Q1 2026, reflecting strong operating leverage.

• Equity compounded from $50M in Q2 2024 to $197M in Q1 2026, indicating robust retained earnings accumulation.

• Operating cash flow hit $154M in Q4 2025 and $89M in Q1 2026, though Q2 2025 showed a notable $-36M dip.

⚠ Operating CF turned negative (-$36M) in Q2 2025 despite solid earnings — seasonal working-capital swings warrant monitoring.

⚠ Total debt data is absent across all periods; leverage profile remains unverifiable and is a key blind spot.

⚠ Q2 2025 net income dropped to $28M from $36M in Q1 2025 — watch whether seasonal softness recurs in Q2 2026.

AI Insight: SEZL Ratio Trends

Sezzle's operating margin hit 50.9% in Q1 2026, the highest single-quarter reading in the dataset, while ROE held above 100% for two of the last three quarters.

• Operating margin expanded from 29.8% in Q2 2024 to 50.9% in Q1 2026, a gain of ~21 percentage points over roughly seven quarters.

• ROA rebounded sharply from 29.1% in Q3 2025 to 45.2% in Q1 2026, recovering toward the Q1 2025 peak of 48.5%.

• Net profit margin reached 37.9% in Q1 2026, the highest quarterly NPM since the anomalous 53.1% in Q2 2024.

⚠ Seasonal mid-year compression is evident: OpMargin and ROE dropped meaningfully in Q2–Q3 each year; Q2 2026 trajectory warrants close monitoring.

⚠ D/E is unavailable across all periods; leverage structure cannot be assessed, leaving balance-sheet risk unquantified.

⚠ ROIC data is sparse — only Q3 2025 (91.6%) and the TTM (99.6%) are available — limiting capital-efficiency trend analysis.

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Available Research

13F Pro tracks comprehensive data for Sezzle Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SEZL

BlackRock, Inc.
$160.6M2,537,957 sh
Divisadero Street Capital Management, LP
$83.0M1,311,614 sh
Accredited Investors Inc.
$56.1M886,642 sh
VANGUARD CAPITAL MANAGEMENT LLC
$48.3M763,619 sh
STATE STREET CORP
$39.4M622,263 sh
GEODE CAPITAL MANAGEMENT, LLC
$33.0M521,038 sh
MORGAN STANLEY
$29.6M467,429 sh
DIMENSIONAL FUND ADVISORS LP
$29.0M458,222 sh
Caption Management, LLC
$27.7M438,100 sh
Caption Management, LLC
$23.3M367,600 sh

Fund	Value	Shares
BlackRock, Inc.	$160.6M	2,537,957
Divisadero Street Capital Management, LP	$83.0M	1,311,614
Accredited Investors Inc.	$56.1M	886,642
VANGUARD CAPITAL MANAGEMENT LLC	$48.3M	763,619
STATE STREET CORP	$39.4M	622,263
GEODE CAPITAL MANAGEMENT, LLC	$33.0M	521,038
MORGAN STANLEY	$29.6M	467,429
DIMENSIONAL FUND ADVISORS LP	$29.0M	458,222
Caption Management, LLC	$27.7M	438,100
Caption Management, LLC	$23.3M	367,600

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Is SEZL a good stock to buy?

13F Pro's AI-powered analysis of Sezzle Inc. (SEZL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SEZL are available on the SEZL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own SEZL?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SEZL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Sezzle Inc.'s investment landscape.