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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and Sezzle Inc. (SEZL). Click either name above to swap in a different company.
JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $78.2M, roughly 1.6× Sezzle Inc.). Sezzle Inc. runs the higher net margin — 54.6% vs -35.7%, a 90.3% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (61.6% vs -2.5%). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (76.0% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
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.
JBGS vs SEZL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $78.2M |
| Net Profit | $-45.5M | $42.7M |
| Gross Margin | — | — |
| Operating Margin | -47.5% | 70.6% |
| Net Margin | -35.7% | 54.6% |
| Revenue YoY | -2.5% | 61.6% |
| Net Profit YoY | 24.0% | 68.3% |
| EPS (diluted) | $-0.76 | $1.19 |
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.
| Q4 25 | $127.6M | $78.2M | ||
| Q3 25 | $123.9M | $57.5M | ||
| Q2 25 | $126.5M | $52.0M | ||
| Q1 25 | $120.7M | $48.2M | ||
| Q4 24 | $130.8M | $48.4M | ||
| Q3 24 | $136.0M | $35.6M | ||
| Q2 24 | $135.3M | $30.2M | ||
| Q1 24 | $145.2M | $25.2M |
| Q4 25 | $-45.5M | $42.7M | ||
| Q3 25 | $-28.6M | $26.7M | ||
| Q2 25 | $-19.2M | $27.6M | ||
| Q1 25 | $-45.7M | $36.2M | ||
| Q4 24 | $-59.9M | $25.4M | ||
| Q3 24 | $-27.0M | $15.4M | ||
| Q2 24 | $-24.4M | $29.7M | ||
| Q1 24 | $-32.3M | $8.0M |
| Q4 25 | -47.5% | 70.6% | ||
| Q3 25 | -27.5% | 61.9% | ||
| Q2 25 | -18.4% | 69.4% | ||
| Q1 25 | -44.7% | — | ||
| Q4 24 | -53.6% | 63.8% | ||
| Q3 24 | -22.4% | 58.6% | ||
| Q2 24 | -24.3% | 55.3% | ||
| Q1 24 | -30.1% | 54.8% |
| Q4 25 | -35.7% | 54.6% | ||
| Q3 25 | -23.1% | 46.4% | ||
| Q2 25 | -15.2% | 53.1% | ||
| Q1 25 | -37.9% | 75.1% | ||
| Q4 24 | -45.8% | 52.4% | ||
| Q3 24 | -19.8% | 43.4% | ||
| Q2 24 | -18.0% | 98.4% | ||
| Q1 24 | -22.2% | 31.7% |
| Q4 25 | $-0.76 | $1.19 | ||
| Q3 25 | $-0.48 | $0.75 | ||
| Q2 25 | $-0.29 | $0.78 | ||
| Q1 25 | $-0.56 | $1.00 | ||
| Q4 24 | $-0.70 | $0.71 | ||
| Q3 24 | $-0.32 | $0.44 | ||
| Q2 24 | $-0.27 | $0.82 | ||
| Q1 24 | $-0.36 | $0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.3M | $64.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $169.8M |
| Total Assets | $4.4B | $400.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $64.1M | ||
| Q3 25 | $64.4M | $104.1M | ||
| Q2 25 | $61.4M | $88.9M | ||
| Q1 25 | $81.3M | $88.9M | ||
| Q4 24 | $145.8M | $73.2M | ||
| Q3 24 | $137.0M | $80.1M | ||
| Q2 24 | $163.5M | $58.0M | ||
| Q1 24 | $220.5M | $77.8M |
| Q4 25 | $1.2B | $169.8M | ||
| Q3 25 | $1.2B | $155.3M | ||
| Q2 25 | $1.3B | $130.4M | ||
| Q1 25 | $1.6B | $125.8M | ||
| Q4 24 | $1.8B | $87.8M | ||
| Q3 24 | $1.9B | $61.1M | ||
| Q2 24 | $2.0B | $50.3M | ||
| Q1 24 | $2.1B | $29.6M |
| Q4 25 | $4.4B | $400.2M | ||
| Q3 25 | $4.4B | $367.0M | ||
| Q2 25 | $4.5B | $350.6M | ||
| Q1 25 | $4.7B | $298.1M | ||
| Q4 24 | $5.0B | $298.4M | ||
| Q3 24 | $5.2B | $252.9M | ||
| Q2 24 | $5.3B | $212.1M | ||
| Q1 24 | $5.4B | $195.7M |
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 | $73.3M | $70.6M |
| Free Cash FlowOCF − Capex | — | $70.6M |
| FCF MarginFCF / Revenue | — | 90.2% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $209.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $70.6M | ||
| Q3 25 | $8.9M | $63.7M | ||
| Q2 25 | $18.8M | $23.1M | ||
| Q1 25 | $12.9M | $52.5M | ||
| Q4 24 | $129.4M | $57.4M | ||
| Q3 24 | $26.4M | $35.1M | ||
| Q2 24 | $23.8M | $22.2M | ||
| Q1 24 | $37.0M | $16.0M |
| 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 24 | — | $16.0M |
| 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 24 | — | 63.3% |
| 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 24 | — | 0.0% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | — | 2.26× | ||
| Q3 24 | — | 2.27× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | — | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
SEZL
| Merchant And Partner Income | $28.9M | 37% |
| Transaction Income | $25.9M | 33% |
| Income From Other Services Late Payment Fees | $20.5M | 26% |
| Other | $2.9M | 4% |
