Marqeta vs Sezzle
Marqeta is the larger business, with $625m of revenue in fiscal 2025 against $450m for Sezzle (1.4 times as much). Sezzle grew faster (66.1% against 23.3%). Sezzle kept more of each dollar of sales as profit: a net margin of 29.6% against -2.2%. Marqeta carries less debt relative to equity (0.0% against 82.4%).
| Latest fiscal year | MarqetaMQ, 2025 | SezzleSEZL, 2025 |
|---|---|---|
| Revenue | $625m | $450m |
| Revenue growth | 23.3% | 66.1% |
| Net income | −$13.9m | $133m |
| Operating margin | -7.4% | 39.3% |
| Net margin | -2.2% | 29.6% |
| Return on equity | -1.5% | 103.3% |
| Free cash flow | $161m | $209m |
| Cash | $709m | $64.1m |
| Total debt | $0 | $140m |
| Debt to equity | 0.0% | 82.4% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $391m | $64.7m |
| Employees | — | 201 |
| Market value | $1.90bn | $4.19bn |
| Price vs our value range | — | Below our value range |
| Moat score | 38 (Weak) | 52 (Moderate) |
| Insider trades, 12 months | 1 buys, 35 sales | 3 buys, 94 sales |