Sezzle Inc. Earnings Per Share Disclosure
| For the years ended December 31, | ||||||||
| (in thousands, except per share amounts) | 2025 | 2024 | ||||||
| Numerator: | ||||||||
| Net income | $ | 133,130 | $ | 78,522 | ||||
Denominator(1): | ||||||||
| Basic shares: | ||||||||
| Weighted-average shares outstanding | 33,910 | 33,711 | ||||||
Diluted shares(2): | ||||||||
| Stock options | 520 | 677 | ||||||
| Restricted stock units | 1,314 | 1,502 | ||||||
| Weighted-average shares outstanding | 35,744 | 35,890 | ||||||
| Net income per share: | ||||||||
| Basic | $ | 3.93 | $ | 2.33 | ||||
| Diluted | $ | 3.72 | $ | 2.19 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 29, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Mar 30, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.