SEZZLE INC.
SEZL · Technology · $5.8B mkt cap · FY2025 filings · Narrow moat ·
On the watchlist
The five investor questions
2020–2025: revenue 58788273.00 to 235878000.00, increasing; diluted EPS -1.05 to 3.72, increasing.
Not enough years of gross-margin data to score pricing power.
Median ROIC 349.0%, above the 12% hurdle in 100% of years.
Net debt/EBITDA n/ax, interest coverage 13x.
Owner earnings trend unclear, share count growing (dilution).
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
Price vs. owner-earnings value range
- Owner earnings (normalized)
- $7.9M
- Value range / share
- $2.59–$2.59
- Conservative high estimate / share
- $2.59
- Recent price
- $171.76
- Price vs. high estimate
- 6537% above high estimate
Conservative range under moat-index@2.0.0: low end 11.1×, high end capped at 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
7 years of fundamentals
The business, in plain English
Across the filed record, revenue grew from $58.8M (FY2020) to $235.9M (FY2025) — about 32.0% a year compounded over 5 years.
SEZL's filings don't disclose total debt in a form the methodology can use, so leverage is treated as unmeasured — never assumed to be zero.
The share count fell 82.8% between FY2020 and FY2025 — management has been retiring shares, which concentrates each remaining owner's claim. Capital Discipline scores it 32/100.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Not disclosed in SEZL’s filings for these years — we don’t estimate it.
Gaps in a line mean that item isn’t in SEZL’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Moat Score history
Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.
Track record
How SEZZLE INC.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
How to read this: each dot is what the engine would have scored SEZL on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The indexed price path isn't available for this company yet; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, SEZL did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Technology context
#139 of 745 scored Technology companies, ranked by Moat Score.
Nearest peers by Moat Score
- #137HSTM HEALTHSTREAM INC65.8 out of 100, Narrow moatNarrow moat
- #138GDDY GoDaddy Inc.65.8 out of 100, Narrow moatNarrow moat
- #140EGAN eGain Corporation65.6 out of 100, Narrow moatNarrow moat
- #141NAVN NAVAN, INC.65.5 out of 100, Narrow moatNarrow moat
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Common questions about SEZL
- Does SEZZLE INC. have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores SEZZLE INC. (SEZL) 65.8 out of 100 — a Narrow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 77, pricing power not measurable from the filings, returns on capital 100, balance-sheet safety 54, capital discipline 32.
- Is SEZL trading below the conservative owner-earnings estimate?
- The owner-earnings value range is $2.59–$2.59 per share. It capitalizes normalized owner earnings at a 9% rate; the low end assumes 0% growth and the high end uses 0% growth, capped at 4% and 18×. Versus a recent price of $171.76, that is 6537% above high estimate relative to the high estimate. This is a conservative educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
- How has SEZL's Moat Score changed over time?
- The record logs 9 readings since Jul 17, 2026; the latest reads 65.8 out of 100 (narrow moat). No tier changes on record yet. (A methodology upgrade on Jul 20, 2026 re-based the score; readings across engine versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.