Repay Holdings vs Sezzle
Sezzle is the larger business, with $450m of revenue in fiscal 2025 against $309m for Repay Holdings (1.5 times as much). Sezzle grew faster (66.1% against -1.2%). Sezzle kept more of each dollar of sales as profit: a net margin of 29.6% against -83.0%. Sezzle carries less debt relative to equity (82.4% against 89.6%).
| Latest fiscal year | Repay HoldingsRPAY, 2025 | SezzleSEZL, 2025 |
|---|---|---|
| Revenue | $309m | $450m |
| Revenue growth | -1.2% | 66.1% |
| Net income | −$257m | $133m |
| Operating margin | -82.4% | 39.3% |
| Net margin | -83.0% | 29.6% |
| Return on equity | -41.2% | 103.3% |
| Free cash flow | $90.8m | $209m |
| Cash | $116m | $64.1m |
| Total debt | $434m | $140m |
| Debt to equity | 89.6% | 82.4% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $64.7m |
| Employees | 486 | 201 |
| Market value | $382m | $4.19bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 45 (Moderate) | 52 (Moderate) |
| Insider trades, 12 months | 16 buys, 6 sales | 3 buys, 94 sales |