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Side-by-side financial comparison of Sezzle Inc. (SEZL) and STEM, INC. (STEM). Click either name above to swap in a different company.
Sezzle Inc. is the larger business by last-quarter revenue ($78.2M vs $47.1M, roughly 1.7× STEM, INC.). Sezzle Inc. runs the higher net margin — 54.6% vs -33.9%, a 88.5% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (61.6% vs -15.6%). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (76.0% CAGR vs 36.1%).
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.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
SEZL vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $47.1M |
| Net Profit | $42.7M | $-16.0M |
| Gross Margin | — | 48.9% |
| Operating Margin | 70.6% | -17.7% |
| Net Margin | 54.6% | -33.9% |
| Revenue YoY | 61.6% | -15.6% |
| Net Profit YoY | 68.3% | 68.8% |
| EPS (diluted) | $1.19 | $-4.40 |
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 | $78.2M | $47.1M | ||
| Q3 25 | $57.5M | $38.2M | ||
| Q2 25 | $52.0M | $38.4M | ||
| Q1 25 | $48.2M | $32.5M | ||
| Q4 24 | $48.4M | $55.8M | ||
| Q3 24 | $35.6M | $29.3M | ||
| Q2 24 | $30.2M | $34.0M | ||
| Q1 24 | $25.2M | $25.5M |
| Q4 25 | $42.7M | $-16.0M | ||
| Q3 25 | $26.7M | $-23.8M | ||
| Q2 25 | $27.6M | $202.5M | ||
| Q1 25 | $36.2M | $-25.0M | ||
| Q4 24 | $25.4M | $-51.1M | ||
| Q3 24 | $15.4M | $-148.3M | ||
| Q2 24 | $29.7M | $-582.3M | ||
| Q1 24 | $8.0M | $-72.3M |
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | -95.0% |
| Q4 25 | 70.6% | -17.7% | ||
| Q3 25 | 61.9% | -33.6% | ||
| Q2 25 | 69.4% | -34.8% | ||
| Q1 25 | — | -65.0% | ||
| Q4 24 | 63.8% | -84.4% | ||
| Q3 24 | 58.6% | -493.2% | ||
| Q2 24 | 55.3% | -1705.5% | ||
| Q1 24 | 54.8% | -267.0% |
| Q4 25 | 54.6% | -33.9% | ||
| Q3 25 | 46.4% | -62.2% | ||
| Q2 25 | 53.1% | 527.8% | ||
| Q1 25 | 75.1% | -76.9% | ||
| Q4 24 | 52.4% | -91.6% | ||
| Q3 24 | 43.4% | -506.3% | ||
| Q2 24 | 98.4% | -1712.6% | ||
| Q1 24 | 31.7% | -283.9% |
| Q4 25 | $1.19 | $-4.40 | ||
| Q3 25 | $0.75 | $-2.84 | ||
| Q2 25 | $0.78 | $-1.79 | ||
| Q1 25 | $1.00 | $-0.15 | ||
| Q4 24 | $0.71 | $-15.29 | ||
| Q3 24 | $0.44 | $-18.24 | ||
| Q2 24 | $0.82 | $-71.81 | ||
| Q1 24 | $0.22 | $-0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $64.1M | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $169.8M | $-249.4M |
| Total Assets | $400.2M | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $48.9M | ||
| Q3 25 | $104.1M | $43.1M | ||
| Q2 25 | $88.9M | $40.8M | ||
| Q1 25 | $88.9M | $58.6M | ||
| Q4 24 | $73.2M | $56.3M | ||
| Q3 24 | $80.1M | $75.4M | ||
| Q2 24 | $58.0M | $89.6M | ||
| Q1 24 | $77.8M | $112.8M |
| Q4 25 | $169.8M | $-249.4M | ||
| Q3 25 | $155.3M | $-235.7M | ||
| Q2 25 | $130.4M | $-214.1M | ||
| Q1 25 | $125.8M | $-417.5M | ||
| Q4 24 | $87.8M | $-398.4M | ||
| Q3 24 | $61.1M | $-344.1M | ||
| Q2 24 | $50.3M | $-203.2M | ||
| Q1 24 | $29.6M | $371.6M |
| Q4 25 | $400.2M | $308.9M | ||
| Q3 25 | $367.0M | $362.6M | ||
| Q2 25 | $350.6M | $379.2M | ||
| Q1 25 | $298.1M | $405.1M | ||
| Q4 24 | $298.4M | $437.4M | ||
| Q3 24 | $252.9M | $537.8M | ||
| Q2 24 | $212.1M | $691.5M | ||
| Q1 24 | $195.7M | $1.3B |
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 | $70.6M | $8.2M |
| 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 | $70.6M | $8.2M | ||
| Q3 25 | $63.7M | $11.4M | ||
| Q2 25 | $23.1M | $-21.3M | ||
| Q1 25 | $52.5M | $8.5M | ||
| Q4 24 | $57.4M | $-14.7M | ||
| Q3 24 | $35.1M | $-9.4M | ||
| Q2 24 | $22.2M | $-11.9M | ||
| Q1 24 | $16.0M | $-621.0K |
| 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× | -0.11× | ||
| 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
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% |
STEM
Segment breakdown not available.
