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Side-by-side financial comparison of Sezzle Inc. (SEZL) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Sezzle Inc. is the larger business by last-quarter revenue ($78.2M vs $51.6M, roughly 1.5× Velocity Financial, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs 54.6%, a 12.8% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (61.6% vs 32.8%). Sezzle Inc. produced more free cash flow last quarter ($70.6M vs $17.9M). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (76.0% CAGR vs 32.3%).
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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
SEZL vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $51.6M |
| Net Profit | $42.7M | $34.8M |
| Gross Margin | — | — |
| Operating Margin | 70.6% | 97.0% |
| Net Margin | 54.6% | 67.3% |
| Revenue YoY | 61.6% | 32.8% |
| Net Profit YoY | 68.3% | 67.0% |
| EPS (diluted) | $1.19 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $57.5M | $49.1M | ||
| Q2 25 | $52.0M | $47.6M | ||
| Q1 25 | $48.2M | $37.5M | ||
| Q4 24 | $48.4M | $38.9M | ||
| Q3 24 | $35.6M | $35.1M | ||
| Q2 24 | $30.2M | $32.4M | ||
| Q1 24 | $25.2M | $29.5M |
| Q4 25 | $42.7M | $34.8M | ||
| Q3 25 | $26.7M | $25.4M | ||
| Q2 25 | $27.6M | $26.0M | ||
| Q1 25 | $36.2M | $18.9M | ||
| Q4 24 | $25.4M | $20.8M | ||
| Q3 24 | $15.4M | $15.8M | ||
| Q2 24 | $29.7M | $14.8M | ||
| Q1 24 | $8.0M | $17.3M |
| Q4 25 | 70.6% | 97.0% | ||
| Q3 25 | 61.9% | 72.1% | ||
| Q2 25 | 69.4% | 71.3% | ||
| Q1 25 | — | 71.7% | ||
| Q4 24 | 63.8% | 82.5% | ||
| Q3 24 | 58.6% | 60.6% | ||
| Q2 24 | 55.3% | 61.3% | ||
| Q1 24 | 54.8% | 78.8% |
| Q4 25 | 54.6% | 67.3% | ||
| Q3 25 | 46.4% | 51.7% | ||
| Q2 25 | 53.1% | 54.6% | ||
| Q1 25 | 75.1% | 50.4% | ||
| Q4 24 | 52.4% | 53.5% | ||
| Q3 24 | 43.4% | 45.1% | ||
| Q2 24 | 98.4% | 45.6% | ||
| Q1 24 | 31.7% | 58.5% |
| Q4 25 | $1.19 | $0.90 | ||
| Q3 25 | $0.75 | $0.65 | ||
| Q2 25 | $0.78 | $0.69 | ||
| Q1 25 | $1.00 | $0.51 | ||
| Q4 24 | $0.71 | $0.56 | ||
| Q3 24 | $0.44 | $0.44 | ||
| Q2 24 | $0.82 | $0.42 | ||
| Q1 24 | $0.22 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $169.8M | $672.5M |
| Total Assets | $400.2M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $92.1M | ||
| Q3 25 | $104.1M | $99.0M | ||
| Q2 25 | $88.9M | $79.6M | ||
| Q1 25 | $88.9M | $51.7M | ||
| Q4 24 | $73.2M | $49.9M | ||
| Q3 24 | $80.1M | $44.1M | ||
| Q2 24 | $58.0M | $47.4M | ||
| Q1 24 | $77.8M | $34.8M |
| Q4 25 | $169.8M | $672.5M | ||
| Q3 25 | $155.3M | $634.3M | ||
| Q2 25 | $130.4M | $597.9M | ||
| Q1 25 | $125.8M | $563.2M | ||
| Q4 24 | $87.8M | $516.9M | ||
| Q3 24 | $61.1M | $484.6M | ||
| Q2 24 | $50.3M | $471.3M | ||
| Q1 24 | $29.6M | $452.9M |
| Q4 25 | $400.2M | $7.4B | ||
| Q3 25 | $367.0M | $7.0B | ||
| Q2 25 | $350.6M | $6.5B | ||
| Q1 25 | $298.1M | $6.0B | ||
| Q4 24 | $298.4M | $5.5B | ||
| Q3 24 | $252.9M | $5.2B | ||
| Q2 24 | $212.1M | $4.9B | ||
| Q1 24 | $195.7M | $4.6B |
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 | $18.2M |
| Free Cash FlowOCF − Capex | $70.6M | $17.9M |
| FCF MarginFCF / Revenue | 90.2% | 34.6% |
| Capex IntensityCapex / Revenue | 0.1% | 0.5% |
| Cash ConversionOCF / Net Profit | 1.65× | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $209.3M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.6M | $18.2M | ||
| Q3 25 | $63.7M | $11.5M | ||
| Q2 25 | $23.1M | $7.7M | ||
| Q1 25 | $52.5M | $3.5M | ||
| Q4 24 | $57.4M | $37.8M | ||
| Q3 24 | $35.1M | $-17.6M | ||
| Q2 24 | $22.2M | $11.5M | ||
| Q1 24 | $16.0M | $10.6M |
| Q4 25 | $70.6M | $17.9M | ||
| Q3 25 | $63.6M | $11.4M | ||
| Q2 25 | $22.7M | $7.6M | ||
| Q1 25 | $52.5M | $3.5M | ||
| Q4 24 | $57.4M | $37.5M | ||
| Q3 24 | $35.1M | $-17.6M | ||
| Q2 24 | $22.2M | $11.4M | ||
| Q1 24 | $16.0M | $10.5M |
| Q4 25 | 90.2% | 34.6% | ||
| Q3 25 | 110.6% | 23.2% | ||
| Q2 25 | 43.6% | 15.9% | ||
| Q1 25 | 108.9% | 9.2% | ||
| Q4 24 | 118.5% | 96.4% | ||
| Q3 24 | 98.6% | -50.3% | ||
| Q2 24 | 73.4% | 35.1% | ||
| Q1 24 | 63.3% | 35.8% |
| Q4 25 | 0.1% | 0.5% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 0.8% | 0.2% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.1% | 0.7% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.1% | 0.3% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | 1.65× | 0.52× | ||
| Q3 25 | 2.39× | 0.45× | ||
| Q2 25 | 0.84× | 0.29× | ||
| Q1 25 | 1.45× | 0.19× | ||
| Q4 24 | 2.26× | 1.81× | ||
| Q3 24 | 2.27× | -1.11× | ||
| Q2 24 | 0.75× | 0.78× | ||
| Q1 24 | 2.00× | 0.61× |
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% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
