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Side-by-side financial comparison of Sezzle Inc. (SEZL) and TELOS CORP (TLS). Click either name above to swap in a different company.
Sezzle Inc. is the larger business by last-quarter revenue ($78.2M vs $46.8M, roughly 1.7× TELOS CORP). Sezzle Inc. runs the higher net margin — 54.6% vs -34.9%, a 89.5% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 61.6%). Sezzle Inc. produced more free cash flow last quarter ($70.6M vs $8.0M). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (76.0% CAGR vs 25.7%).
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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
SEZL vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $46.8M |
| Net Profit | $42.7M | $-16.3M |
| Gross Margin | — | 35.0% |
| Operating Margin | 70.6% | -39.6% |
| Net Margin | 54.6% | -34.9% |
| Revenue YoY | 61.6% | 77.4% |
| Net Profit YoY | 68.3% | -74.8% |
| EPS (diluted) | $1.19 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $57.5M | $51.4M | ||
| Q2 25 | $52.0M | $36.0M | ||
| Q1 25 | $48.2M | $30.6M | ||
| Q4 24 | $48.4M | $26.4M | ||
| Q3 24 | $35.6M | $23.8M | ||
| Q2 24 | $30.2M | $28.5M | ||
| Q1 24 | $25.2M | $29.6M |
| Q4 25 | $42.7M | $-16.3M | ||
| Q3 25 | $26.7M | $-2.1M | ||
| Q2 25 | $27.6M | $-9.5M | ||
| Q1 25 | $36.2M | $-8.6M | ||
| Q4 24 | $25.4M | $-9.3M | ||
| Q3 24 | $15.4M | $-28.1M | ||
| Q2 24 | $29.7M | $-7.8M | ||
| Q1 24 | $8.0M | $-7.4M |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | 70.6% | -39.6% | ||
| Q3 25 | 61.9% | -4.8% | ||
| Q2 25 | 69.4% | -27.5% | ||
| Q1 25 | — | -29.5% | ||
| Q4 24 | 63.8% | -37.6% | ||
| Q3 24 | 58.6% | -121.4% | ||
| Q2 24 | 55.3% | -30.3% | ||
| Q1 24 | 54.8% | -28.5% |
| Q4 25 | 54.6% | -34.9% | ||
| Q3 25 | 46.4% | -4.1% | ||
| Q2 25 | 53.1% | -26.5% | ||
| Q1 25 | 75.1% | -28.1% | ||
| Q4 24 | 52.4% | -35.4% | ||
| Q3 24 | 43.4% | -118.0% | ||
| Q2 24 | 98.4% | -27.2% | ||
| Q1 24 | 31.7% | -24.9% |
| Q4 25 | $1.19 | $-0.22 | ||
| Q3 25 | $0.75 | $-0.03 | ||
| Q2 25 | $0.78 | $-0.13 | ||
| Q1 25 | $1.00 | $-0.12 | ||
| Q4 24 | $0.71 | $-0.13 | ||
| Q3 24 | $0.44 | $-0.39 | ||
| Q2 24 | $0.82 | $-0.11 | ||
| Q1 24 | $0.22 | $-0.10 |
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 | $53.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $169.8M | $96.0M |
| Total Assets | $400.2M | $139.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $53.2M | ||
| Q3 25 | $104.1M | $59.0M | ||
| Q2 25 | $88.9M | $57.0M | ||
| Q1 25 | $88.9M | $57.8M | ||
| Q4 24 | $73.2M | $54.6M | ||
| Q3 24 | $80.1M | $69.8M | ||
| Q2 24 | $58.0M | $80.1M | ||
| Q1 24 | $77.8M | $93.9M |
| Q4 25 | $169.8M | $96.0M | ||
| Q3 25 | $155.3M | $119.7M | ||
| Q2 25 | $130.4M | $118.4M | ||
| Q1 25 | $125.8M | $126.1M | ||
| Q4 24 | $87.8M | $127.1M | ||
| Q3 24 | $61.1M | $129.5M | ||
| Q2 24 | $50.3M | $149.1M | ||
| Q1 24 | $29.6M | $154.4M |
| Q4 25 | $400.2M | $139.9M | ||
| Q3 25 | $367.0M | $164.3M | ||
| Q2 25 | $350.6M | $165.0M | ||
| Q1 25 | $298.1M | $158.1M | ||
| Q4 24 | $298.4M | $158.2M | ||
| Q3 24 | $252.9M | $166.3M | ||
| Q2 24 | $212.1M | $182.4M | ||
| Q1 24 | $195.7M | $195.4M |
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 | $8.0M |
| Free Cash FlowOCF − Capex | $70.6M | $8.0M |
| FCF MarginFCF / Revenue | 90.2% | 17.0% |
| Capex IntensityCapex / Revenue | 0.1% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $209.3M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.6M | $8.0M | ||
| Q3 25 | $63.7M | $9.1M | ||
| Q2 25 | $23.1M | $7.0M | ||
| Q1 25 | $52.5M | $6.1M | ||
| Q4 24 | $57.4M | $-10.5M | ||
| Q3 24 | $35.1M | $-7.1M | ||
| Q2 24 | $22.2M | $-8.0M | ||
| Q1 24 | $16.0M | $-350.0K |
| Q4 25 | $70.6M | $8.0M | ||
| Q3 25 | $63.6M | $8.7M | ||
| Q2 25 | $22.7M | $6.8M | ||
| Q1 25 | $52.5M | $6.0M | ||
| Q4 24 | $57.4M | $-12.4M | ||
| Q3 24 | $35.1M | $-7.1M | ||
| Q2 24 | $22.2M | $-8.2M | ||
| Q1 24 | $16.0M | $-447.0K |
| Q4 25 | 90.2% | 17.0% | ||
| Q3 25 | 110.6% | 16.9% | ||
| Q2 25 | 43.6% | 19.0% | ||
| Q1 25 | 108.9% | 19.5% | ||
| Q4 24 | 118.5% | -47.0% | ||
| Q3 24 | 98.6% | -30.0% | ||
| Q2 24 | 73.4% | -28.9% | ||
| Q1 24 | 63.3% | -1.5% |
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 0.3% | 0.9% | ||
| Q2 25 | 0.8% | 0.4% | ||
| Q1 25 | 0.1% | 0.4% | ||
| Q4 24 | 0.1% | 7.1% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.1% | 0.8% | ||
| Q1 24 | 0.0% | 0.3% |
| 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
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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
