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Side-by-side financial comparison of LandBridge Co LLC (LB) and Sezzle Inc. (SEZL). Click either name above to swap in a different company.
Sezzle Inc. is the larger business by last-quarter revenue ($78.2M vs $56.8M, roughly 1.4× LandBridge Co LLC). Sezzle Inc. runs the higher net margin — 54.6% vs 14.2%, a 40.4% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (61.6% vs 55.6%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $70.6M). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (76.0% CAGR vs 72.8%).
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.
LB vs SEZL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $78.2M |
| Net Profit | $8.1M | $42.7M |
| Gross Margin | — | — |
| Operating Margin | 60.0% | 70.6% |
| Net Margin | 14.2% | 54.6% |
| Revenue YoY | 55.6% | 61.6% |
| Net Profit YoY | -83.7% | 68.3% |
| EPS (diluted) | $0.24 | $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 | $56.8M | $78.2M | ||
| Q3 25 | $50.8M | $57.5M | ||
| Q2 25 | $47.5M | $52.0M | ||
| Q1 25 | $44.0M | $48.2M | ||
| Q4 24 | $36.5M | $48.4M | ||
| Q3 24 | $28.5M | $35.6M | ||
| Q2 24 | $26.0M | $30.2M | ||
| Q1 24 | $19.0M | $25.2M |
| Q4 25 | $8.1M | $42.7M | ||
| Q3 25 | $8.1M | $26.7M | ||
| Q2 25 | $7.5M | $27.6M | ||
| Q1 25 | $6.5M | $36.2M | ||
| Q4 24 | $49.3M | $25.4M | ||
| Q3 24 | $2.7M | $15.4M | ||
| Q2 24 | $-57.7M | $29.7M | ||
| Q1 24 | $10.8M | $8.0M |
| Q4 25 | 60.0% | 70.6% | ||
| Q3 25 | 60.8% | 61.9% | ||
| Q2 25 | 60.0% | 69.4% | ||
| Q1 25 | 57.0% | — | ||
| Q4 24 | 49.4% | 63.8% | ||
| Q3 24 | 11.2% | 58.6% | ||
| Q2 24 | -197.4% | 55.3% | ||
| Q1 24 | 71.1% | 54.8% |
| Q4 25 | 14.2% | 54.6% | ||
| Q3 25 | 15.9% | 46.4% | ||
| Q2 25 | 15.8% | 53.1% | ||
| Q1 25 | 14.7% | 75.1% | ||
| Q4 24 | 135.2% | 52.4% | ||
| Q3 24 | 9.3% | 43.4% | ||
| Q2 24 | -222.1% | 98.4% | ||
| Q1 24 | 56.7% | 31.7% |
| Q4 25 | $0.24 | $1.19 | ||
| Q3 25 | $0.26 | $0.75 | ||
| Q2 25 | $0.24 | $0.78 | ||
| Q1 25 | $0.20 | $1.00 | ||
| Q4 24 | — | $0.71 | ||
| Q3 24 | $-0.04 | $0.44 | ||
| Q2 24 | — | $0.82 | ||
| Q1 24 | — | $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 | $30.7M | $64.1M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $340.3M | $169.8M |
| Total Assets | $1.4B | $400.2M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $64.1M | ||
| Q3 25 | $28.3M | $104.1M | ||
| Q2 25 | $20.3M | $88.9M | ||
| Q1 25 | $14.9M | $88.9M | ||
| Q4 24 | $37.0M | $73.2M | ||
| Q3 24 | $14.4M | $80.1M | ||
| Q2 24 | $24.6M | $58.0M | ||
| Q1 24 | — | $77.8M |
| Q4 25 | $570.7M | — | ||
| Q3 25 | $366.1M | — | ||
| Q2 25 | $370.9M | — | ||
| Q1 25 | $375.5M | — | ||
| Q4 24 | $385.5M | — | ||
| Q3 24 | $242.4M | — | ||
| Q2 24 | $360.8M | — | ||
| Q1 24 | — | — |
| Q4 25 | $340.3M | $169.8M | ||
| Q3 25 | $272.0M | $155.3M | ||
| Q2 25 | $266.4M | $130.4M | ||
| Q1 25 | $217.0M | $125.8M | ||
| Q4 24 | $211.8M | $87.8M | ||
| Q3 24 | $97.2M | $61.1M | ||
| Q2 24 | $296.4M | $50.3M | ||
| Q1 24 | $162.3M | $29.6M |
| Q4 25 | $1.4B | $400.2M | ||
| Q3 25 | $1.1B | $367.0M | ||
| Q2 25 | $1.1B | $350.6M | ||
| Q1 25 | $1.0B | $298.1M | ||
| Q4 24 | $1.0B | $298.4M | ||
| Q3 24 | $689.9M | $252.9M | ||
| Q2 24 | $710.5M | $212.1M | ||
| Q1 24 | — | $195.7M |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.39× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 1.82× | — | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.22× | — | ||
| Q1 24 | — | — |
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 | $126.3M | $70.6M |
| Free Cash FlowOCF − Capex | $122.0M | $70.6M |
| FCF MarginFCF / Revenue | 214.9% | 90.2% |
| Capex IntensityCapex / Revenue | 7.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 15.68× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $209.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $70.6M | ||
| Q3 25 | $34.9M | $63.7M | ||
| Q2 25 | $37.3M | $23.1M | ||
| Q1 25 | $15.9M | $52.5M | ||
| Q4 24 | $67.6M | $57.4M | ||
| Q3 24 | $7.5M | $35.1M | ||
| Q2 24 | $16.0M | $22.2M | ||
| Q1 24 | $17.2M | $16.0M |
| Q4 25 | $122.0M | $70.6M | ||
| Q3 25 | $33.7M | $63.6M | ||
| Q2 25 | $36.1M | $22.7M | ||
| Q1 25 | $15.8M | $52.5M | ||
| Q4 24 | $66.7M | $57.4M | ||
| Q3 24 | $7.1M | $35.1M | ||
| Q2 24 | $15.7M | $22.2M | ||
| Q1 24 | $17.1M | $16.0M |
| Q4 25 | 214.9% | 90.2% | ||
| Q3 25 | 66.3% | 110.6% | ||
| Q2 25 | 75.9% | 43.6% | ||
| Q1 25 | 36.0% | 108.9% | ||
| Q4 24 | 182.6% | 118.5% | ||
| Q3 24 | 25.1% | 98.6% | ||
| Q2 24 | 60.4% | 73.4% | ||
| Q1 24 | 90.1% | 63.3% |
| Q4 25 | 7.5% | 0.1% | ||
| Q3 25 | 2.3% | 0.3% | ||
| Q2 25 | 2.6% | 0.8% | ||
| Q1 25 | 0.2% | 0.1% | ||
| Q4 24 | 2.7% | 0.1% | ||
| Q3 24 | 1.1% | 0.0% | ||
| Q2 24 | 1.4% | 0.1% | ||
| Q1 24 | 0.5% | 0.0% |
| Q4 25 | 15.68× | 1.65× | ||
| Q3 25 | 4.31× | 2.39× | ||
| Q2 25 | 4.98× | 0.84× | ||
| Q1 25 | 2.46× | 1.45× | ||
| Q4 24 | 1.37× | 2.26× | ||
| Q3 24 | 2.80× | 2.27× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | 1.60× | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
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% |
