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Side-by-side financial comparison of Safehold Inc. (SAFE) and Sezzle Inc. (SEZL). Click either name above to swap in a different company.
Sezzle Inc. is the larger business by last-quarter revenue ($135.5M vs $97.9M, roughly 1.4× Safehold Inc.). Sezzle Inc. runs the higher net margin — 37.9% vs 28.5%, a 9.4% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (29.2% vs 6.5%). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (111.9% CAGR vs 2.5%).
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
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.
SAFE vs SEZL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $97.9M | $135.5M |
| Net Profit | $27.9M | $51.3M |
| Gross Margin | 98.6% | — |
| Operating Margin | 27.4% | 50.9% |
| Net Margin | 28.5% | 37.9% |
| Revenue YoY | 6.5% | 29.2% |
| Net Profit YoY | 7.1% | 41.9% |
| EPS (diluted) | $0.38 | — |
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 | — | $135.5M | ||
| Q4 25 | $97.9M | $78.2M | ||
| Q3 25 | $96.2M | $57.5M | ||
| Q2 25 | $93.8M | $52.0M | ||
| Q1 25 | $97.7M | $48.2M | ||
| Q4 24 | $91.9M | $48.4M | ||
| Q3 24 | $90.7M | $35.6M | ||
| Q2 24 | $89.9M | $30.2M |
| Q1 26 | — | $51.3M | ||
| Q4 25 | $27.9M | $42.7M | ||
| Q3 25 | $29.3M | $26.7M | ||
| Q2 25 | $27.9M | $27.6M | ||
| Q1 25 | $29.4M | $36.2M | ||
| Q4 24 | $26.0M | $25.4M | ||
| Q3 24 | $19.3M | $15.4M | ||
| Q2 24 | $29.7M | $29.7M |
| Q1 26 | — | — | ||
| Q4 25 | 98.6% | — | ||
| Q3 25 | 98.5% | — | ||
| Q2 25 | 99.1% | — | ||
| Q1 25 | 98.8% | — | ||
| Q4 24 | 98.8% | — | ||
| Q3 24 | 98.8% | — | ||
| Q2 24 | 98.8% | — |
| Q1 26 | — | 50.9% | ||
| Q4 25 | 27.4% | 70.6% | ||
| Q3 25 | 25.9% | 61.9% | ||
| Q2 25 | 25.5% | 69.4% | ||
| Q1 25 | 25.9% | — | ||
| Q4 24 | 24.6% | 63.8% | ||
| Q3 24 | 17.5% | 58.6% | ||
| Q2 24 | 26.7% | 55.3% |
| Q1 26 | — | 37.9% | ||
| Q4 25 | 28.5% | 54.6% | ||
| Q3 25 | 30.5% | 46.4% | ||
| Q2 25 | 29.8% | 53.1% | ||
| Q1 25 | 30.1% | 75.1% | ||
| Q4 24 | 28.3% | 52.4% | ||
| Q3 24 | 21.3% | 43.4% | ||
| Q2 24 | 33.0% | 98.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.38 | $1.19 | ||
| Q3 25 | $0.41 | $0.75 | ||
| Q2 25 | $0.39 | $0.78 | ||
| Q1 25 | $0.41 | $1.00 | ||
| Q4 24 | $0.36 | $0.71 | ||
| Q3 24 | $0.27 | $0.44 | ||
| Q2 24 | $0.42 | $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 | $21.7M | — |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $2.4B | $196.7M |
| Total Assets | $7.2B | $454.3M |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $21.7M | $64.1M | ||
| Q3 25 | $12.1M | $104.1M | ||
| Q2 25 | $13.9M | $88.9M | ||
| Q1 25 | $17.3M | $88.9M | ||
| Q4 24 | $8.3M | $73.2M | ||
| Q3 24 | $15.6M | $80.1M | ||
| Q2 24 | $13.4M | $58.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.2B | — |
| Q1 26 | — | $196.7M | ||
| Q4 25 | $2.4B | $169.8M | ||
| Q3 25 | $2.4B | $155.3M | ||
| Q2 25 | $2.4B | $130.4M | ||
| Q1 25 | $2.4B | $125.8M | ||
| Q4 24 | $2.3B | $87.8M | ||
| Q3 24 | $2.3B | $61.1M | ||
| Q2 24 | $2.3B | $50.3M |
| Q1 26 | — | $454.3M | ||
| Q4 25 | $7.2B | $400.2M | ||
| Q3 25 | $7.1B | $367.0M | ||
| Q2 25 | $7.1B | $350.6M | ||
| Q1 25 | $6.9B | $298.1M | ||
| Q4 24 | $6.9B | $298.4M | ||
| Q3 24 | $6.8B | $252.9M | ||
| Q2 24 | $6.8B | $212.1M |
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.89× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.85× | — | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | 1.88× | — | ||
| Q2 24 | 1.81× | — |
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 | $47.8M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $47.8M | $70.6M | ||
| Q3 25 | $-1.4M | $63.7M | ||
| Q2 25 | $28.0M | $23.1M | ||
| Q1 25 | $8.9M | $52.5M | ||
| Q4 24 | $37.9M | $57.4M | ||
| Q3 24 | $8.3M | $35.1M | ||
| Q2 24 | $24.8M | $22.2M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| 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 | 1.72× | 1.65× | ||
| Q3 25 | -0.05× | 2.39× | ||
| Q2 25 | 1.00× | 0.84× | ||
| Q1 25 | 0.30× | 1.45× | ||
| Q4 24 | 1.45× | 2.26× | ||
| Q3 24 | 0.43× | 2.27× | ||
| Q2 24 | 0.83× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
SEZL
Segment breakdown not available.
