Sezzle (SEZL) Cash Flow: Operating & Free Cash Flow

Sezzle Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Sezzle Inc. (SEZL) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	133.13	78.52	7.10	-38.09	-75.17	-32.39	-13.06	-4.19	-1.77
Depreciation & Amortization	1.36	0.97	0.86	0.85	1.44	0.17	0.25	0.10	0.01
Deferred Income Tax	3.29	-16.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Stock Based Compensation	6.52	5.19	6.93	10.31	14.16	7.01	0.00	0.07	0.00
Change in Working Capital	-57.01	-94.53	-68.37	-5.11	-73.63	-22.59	-16.36	-3.24	-0.27
Change in Accounts Receivable	-36.02	-12.67	-61.75	3.88	-116.98	-3.81	-27.97	-5.79	-0.01
Change in Accounts Payable	-13.04	-2.39	-7.99	-12.93	35.70	47.47	11.01	2.17	0.00
Change in Other Working Capital	-7.95	-5.00	0.73	3.94	7.65	-66.25	0.60	0.38	-0.26
Other Operating Activities	122.62	51.22	0.73	40.56	61.07	2.72	9.26	4.92	1.13
Net Cash from Operating Activities	209.91	130.65	-25.69	8.51	-72.13	-24.81	-19.92	-6.23	-0.90
Investing Activities
Capital Expenditures	-1.55	-0.07	-1.37	-1.01	-1.42	-0.41	-0.13	-0.37	-0.01
Sales/Maturities of Investments	0.00	-1.39	0.00	0.00	0.00	-0.32	0.00	0.00	0.00
Other Investing Activities	-180.91	-1.39	-1.28	-0.96	-0.73	-0.32	0.00	-0.27	-0.09
Net Cash from Investing Activities	-181.57	-91.21	-1.37	-1.01	-1.42	-0.73	-0.53	-0.37	-0.10
Financing Activities
Debt Repayment	13.00	-97.43	-24.85	-13.80	-137.09	19.77	22.44	4.45	0.00
Common Stock Issued	3.78	4.36	0.00	0.00	30.00	60.89	27.55	8.43	0.00
Common Stock Repurchased	-64.66	-23.62	-1.68	-0.38	-2.65	-0.61	0.00	0.00	0.00
Other Financing Activities	22.47	-1.11	-0.13	-1.51	-1.69	-2.48	0.00	8.39	0.50
Net Cash from Financing Activities	-25.41	-10.37	28.22	-15.69	63.24	77.57	49.99	12.84	0.50
Summary
Effect of Forex Changes on Cash	1.37	-1.46	0.02	-1.18	0.10	0.46	0.00	0.00	0.00
Net Change in Cash	4.29	27.61	1.16	-9.37	-10.31	52.48	29.54	6.21	-0.50
Cash at Beginning of Period	98.31	70.70	69.52	78.89	89.10	36.62	7.06	0.85	1.36
Cash at End of Period	102.60	98.31	70.70	69.52	78.89	89.10	36.60	7.06	0.85
Free Cash Flow	208.36	130.58	-27.06	7.50	-73.55	-25.22	-20.05	-6.60	-0.91
Supplemental Disclosures
Interest Paid	-	14.05	16.36	7.79	4.82	3.77	-	-	-
Income Taxes Paid	-	4.77	0.45	0.07	0.06	0.01	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Sezzle Cash Flow

What is Sezzle's free cash flow?

Sezzle generated free cash flow of $208.36M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $209.91M minus $1.55M of capital expenditures. That was up 59.6% from $130.58M a year earlier. Free cash flow equaled 46.3% of revenue.

How much does Sezzle spend on capital expenditures?

Sezzle spent $1.55M on capital expenditures in fiscal 2025, compared with $70.00K a year earlier. That equals 0.7% of operating cash flow.

Does Sezzle pay dividends or buy back shares?

Yes. In fiscal 2025 Sezzle returned $64.66M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition