Sezzle (SEZL) Company Report

Sezzle reported robust Q3 2025 financial results, with revenue growing 67% year-over-year to $116.8 million and GAAP net income increasing 72.7% year-over-year to $26.7 million.
The company achieved its first $1 billion GMV quarter, marking a 58.7% year-over-year increase, driven by growth in active consumers and higher transaction frequency.
Sezzle raised its 2025 adjusted EBITDA guidance to a range of $175 million to $180 million and provided 2026 adjusted EPS guidance of $4.35, reflecting 29% growth over 2025.
Management pivoted its marketing strategy in Q3 2025 to re-emphasize subscription products over on-demand, leading to an increase in subscribers to 568,000 by quarter-end, due to better lifetime value for subscription users.
The company increased its credit facility from $150 million to $225 million and incurred $1.3 million in Q3 for corporate strategic projects, including an antitrust suit and capital markets exploration.

Nov 5, 2025, 10:00 PM

Sezzle Reports Strong Q3 2025 Results, Raises 2025 Guidance, and Pivots Strategy

SEZL

Earnings

Guidance Update

CFO Change

Sezzle reported strong Q3 2025 financial results, with revenue growing 67% year-on-year to $116.8 million and GAAP net income increasing 72.7% year-over-year to $26.7 million. The company also achieved its first $1 billion GMV quarter, up 58.7% year-over-year.
The company raised its 2025 guidance, with GAAP net income now projected at $125 million, GAAP EPS at $3.52, adjusted EPS at $3.38, and adjusted EBITDA in the range of $175-$180 million. Additionally, Sezzle provided initial adjusted EPS guidance for 2026 at $4.35.
Sezzle announced a strategic pivot in Q3 2025, de-emphasizing its on-demand product and re-focusing marketing efforts on subscription products due to their higher lifetime value. This resulted in subscribers rising to 568,000 by the end of the quarter.
Key corporate strategic projects include exercising a $75 million accordion to increase the credit facility from $150 million to $225 million and exploring an Industrial Loan Company (ILC) banking charter, with an application anticipated in H1 2026. The company also announced that CFO Karen Hartje will be retiring and will transition over the next 12 months.

Nov 5, 2025, 10:00 PM

SEZL Announces Strong Q3 2025 Results and Raises FY2025 Guidance

SEZL

Earnings

Guidance Update

Revenue Acceleration/Inflection

SEZL reported Q3 2025 Total Revenue of $116.8 million, marking a 67.0% year-over-year growth, with Net Income at $26.7 million and Adjusted EBITDA at $39.6 million.
Gross Merchandise Volume (GMV) reached $1,047.3 million in Q3 2025.
The company updated its FY2025 guidance, raising Adjusted EBITDA to $175.0-$180.0 million (from $170.0-$175.0 million) and Adjusted Net Income Per Diluted Share to $3.38 (from $3.25).
Key engagement metrics for Q3 2025 included 784K Monthly On-Demand & Subscribers (MODS), a 48.2% year-over-year increase, and 2,971,000 Active Consumers.

Nov 5, 2025, 10:00 PM

Sezzle Reports Strong Q3 2025 Results, Shifts Consumer Strategy, and Updates Guidance

SEZL

Earnings

Guidance Update

New Projects/Investments

Sezzle reported strong Q3 2025 financial results, with total revenue increasing 67% year-over-year to $116.8 million, GAAP net income growing 72.7% year-over-year to $26.7 million, and Gross Merchandise Volume (GMV) reaching $1 billion.
The company shifted its consumer marketing strategy in Q3 2025 to prioritize subscription products, leading to an increase in subscribers to 568,000 by quarter-end, while de-emphasizing the on-demand product for consumers.
Sezzle updated its full-year 2025 guidance, raising Adjusted EBITDA to a range of $175 million-$180 million, and provided 2026 adjusted EPS guidance of $4.35, reflecting 29% growth over the 2025 adjusted EPS.
The company increased its credit facility by $75 million to $225 million and is exploring an Industrial Loan Company (ILC) banking charter, with an application anticipated in H1 2026.

Nov 5, 2025, 10:00 PM

Sezzle Reports Strong Q3 2025 Results and Raises Guidance

SEZL

Earnings

Guidance Update

Management Change

Sezzle reported strong third quarter 2025 results, with Gross Merchandise Volume (GMV) climbing 58.7% YoY to $1.0 billion and Total Revenue increasing 67.0% YoY to $116.8 million.
Net Income Per Diluted Share grew 70.5% YoY to $0.75, and Adjusted Net Income Per Diluted Share climbed 51.1% YoY to $0.71 for Q3 2025.
The company raised its FY2025 guidance for Adjusted Net Income Per Diluted Share to $3.38 and Adjusted EBITDA to $175.0 \u2013 $180.0 million, and introduced FY2026 Adjusted Net Income Per Diluted Share guidance of $4.35.
Sezzle increased its borrowing capacity from $150.0 million to $225.0 million on October 30, 2025, by exercising a $75.0 million accordion feature.
Karen Hartje advised her intention to resign as Chief Financial Officer on November 1, 2025, but will continue in the role under a Consulting Agreement for a smooth transition.