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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Sezzle Inc. (SEZL). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $135.5M, roughly 1.5× Sezzle Inc.). Sezzle Inc. runs the higher net margin — 37.9% vs 1.9%, a 35.9% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (29.2% vs 20.1%). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (111.9% CAGR vs 9.7%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S, with operations in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores. As of June 2021, the Sezzle platform had over 10 million user sign-ups and over 48,000 participating merchants.
BAND vs SEZL — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $135.5M |
| Net Profit | $4.0M | $51.3M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 50.9% |
| Net Margin | 1.9% | 37.9% |
| Revenue YoY | 20.1% | 29.2% |
| Net Profit YoY | 200.0% | 41.9% |
| EPS (diluted) | $-0.08 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $208.8M | $135.5M | ||
| Q4 25 | $207.7M | $78.2M | ||
| Q3 25 | $191.9M | $57.5M | ||
| Q2 25 | $180.0M | $52.0M | ||
| Q1 25 | $174.2M | $48.2M | ||
| Q4 24 | $210.0M | $48.4M | ||
| Q3 24 | $193.9M | $35.6M | ||
| Q2 24 | $173.6M | $30.2M |
| Q1 26 | $4.0M | $51.3M | ||
| Q4 25 | — | $42.7M | ||
| Q3 25 | $-1.2M | $26.7M | ||
| Q2 25 | $-4.9M | $27.6M | ||
| Q1 25 | $-3.7M | $36.2M | ||
| Q4 24 | — | $25.4M | ||
| Q3 24 | $413.0K | $15.4M | ||
| Q2 24 | $4.1M | $29.7M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
| Q1 26 | 60.5% | 50.9% | ||
| Q4 25 | -1.9% | 70.6% | ||
| Q3 25 | -1.0% | 61.9% | ||
| Q2 25 | -2.1% | 69.4% | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | -1.3% | 63.8% | ||
| Q3 24 | -0.5% | 58.6% | ||
| Q2 24 | -3.5% | 55.3% |
| Q1 26 | 1.9% | 37.9% | ||
| Q4 25 | — | 54.6% | ||
| Q3 25 | -0.6% | 46.4% | ||
| Q2 25 | -2.7% | 53.1% | ||
| Q1 25 | -2.1% | 75.1% | ||
| Q4 24 | — | 52.4% | ||
| Q3 24 | 0.2% | 43.4% | ||
| Q2 24 | 2.3% | 98.4% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $1.19 | ||
| Q3 25 | $-0.04 | $0.75 | ||
| Q2 25 | $-0.16 | $0.78 | ||
| Q1 25 | $-0.13 | $1.00 | ||
| Q4 24 | $0.27 | $0.71 | ||
| Q3 24 | $0.01 | $0.44 | ||
| Q2 24 | $-0.17 | $0.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $196.7M |
| Total Assets | $984.2M | $454.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $64.1M | ||
| Q3 25 | $80.4M | $104.1M | ||
| Q2 25 | $68.1M | $88.9M | ||
| Q1 25 | $41.7M | $88.9M | ||
| Q4 24 | $83.8M | $73.2M | ||
| Q3 24 | $79.9M | $80.1M | ||
| Q2 24 | $76.4M | $58.0M |
| Q1 26 | $405.7M | $196.7M | ||
| Q4 25 | $400.0M | $169.8M | ||
| Q3 25 | $392.7M | $155.3M | ||
| Q2 25 | $384.5M | $130.4M | ||
| Q1 25 | $345.4M | $125.8M | ||
| Q4 24 | $312.5M | $87.8M | ||
| Q3 24 | $336.6M | $61.1M | ||
| Q2 24 | $307.4M | $50.3M |
| Q1 26 | $984.2M | $454.3M | ||
| Q4 25 | $1.1B | $400.2M | ||
| Q3 25 | $1.0B | $367.0M | ||
| Q2 25 | $1.0B | $350.6M | ||
| Q1 25 | $964.4M | $298.1M | ||
| Q4 24 | $989.2M | $298.4M | ||
| Q3 24 | $1.0B | $252.9M | ||
| Q2 24 | $1.0B | $212.1M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $70.6M | ||
| Q3 25 | $22.2M | $63.7M | ||
| Q2 25 | $31.7M | $23.1M | ||
| Q1 25 | $-3.1M | $52.5M | ||
| Q4 24 | $36.5M | $57.4M | ||
| Q3 24 | $20.5M | $35.1M | ||
| Q2 24 | $24.4M | $22.2M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $70.6M | ||
| Q3 25 | — | $63.6M | ||
| Q2 25 | — | $22.7M | ||
| Q1 25 | — | $52.5M | ||
| Q4 24 | — | $57.4M | ||
| Q3 24 | — | $35.1M | ||
| Q2 24 | — | $22.2M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 90.2% | ||
| Q3 25 | — | 110.6% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 108.9% | ||
| Q4 24 | — | 118.5% | ||
| Q3 24 | — | 98.6% | ||
| Q2 24 | — | 73.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | — | 2.26× | ||
| Q3 24 | 49.55× | 2.27× | ||
| Q2 24 | 6.03× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
