Sezzle Fundamental Model
A June 2025 credit-loss and valuation model with private source code.
Model pipeline
The June 2025 pipeline prepares filing data and normalized statements, models credit losses, then builds five-year scenario DCF forecasts. It has not been refreshed with current filings or prices; forecast accuracy and investment returns were not established.
Credit-loss assumptions
Credit-loss estimates feed the valuation. Assumptions include a 10% starting take rate, rebate adjustment, an operating-margin ramp from 10% to 25%, and simplified capital expenditure and working capital. These are model assumptions, not reported Sezzle figures.
Scenarios and output limits
Growth, credit-loss multipliers, discount rates and terminal growth are configurable. Saved outputs contain enterprise-value fields of 1.0 and zero sensitivity ranges, rather than a usable target price.
| Case | Weight | Role |
|---|---|---|
| Premium | 25% | Upside modeled assumptions |
| Base | 50% | Central modeled assumptions |
| Tail | 25% | Downside modeled assumptions |
Configured weights, not observed outcome probabilities.
Public filings
A fresh valuation would require current filings, updated assumptions, a clean rerun and market-price checks. The model code and outputs remain private.