Sezzle (SEZL) Company Report

Sezzle reported strong financial results for Q4 and full year 2025, with total revenue growing 32.2% in Q4 and 66.1% for the full year to $450.3 million, and full year net income reaching $133.1 million.
The company raised its 2026 Adjusted EPS guidance to $4.70 and introduced guidance for 25%-30% total revenue growth and $170 million in Adjusted Net Income.
Operational efficiency significantly improved, with the Adjusted EBITDA margin expanding to 44.9% in Q4 2025 and gross margin (total revenue less transaction-related costs) reaching 64.3%.
Strategic initiatives include the upcoming launch of Sezzle Mobile in Q1 2026, continued investment in subscriber growth, and the exploration of an industrial loan company (ILC) charter. The company also completed a $50 million share repurchase and authorized an incremental $100 million program.

2 days ago

Transcript

Sezzle Reports Strong Q4 and Full Year 2025 Results, Issues 2026 Guidance, and Announces Strategic Initiatives

SEZL

Earnings

Guidance Update

Share Buyback

Sezzle reported significant financial growth for Q4 and full year 2025, with total revenue increasing 32.2% in Q4 and 66.1% for the full year, and net income reaching $42.7 million in Q4 and $133.1 million for the full year.
For full year 2025, the company achieved a Return on Equity exceeding 100% and Adjusted EBITDA of $187.7 million.
Sezzle issued 2026 guidance, projecting 25%-30% total revenue growth, $170 million in Adjusted Net Income, and an Adjusted EPS of $4.70.
The company is actively pursuing strategic initiatives, including the exploration of an industrial loan company (ILC) and banking charter discovery, with an application expected in the first half of 2026.
In terms of capital allocation, an incremental $100 million share repurchase program was authorized in December 2025, and a new product, Sezzle Mobile, is anticipated to launch in Q1 2026.

2 days ago

Transcript

Sezzle Reports Strong Q4 and Full Year 2025 Financial Results with Positive 2026 Guidance

SEZL

Earnings

Guidance Update

Revenue Acceleration/Inflection

Sezzle reported Q4 2025 Total Revenue of $129.9 million, a 32.2% year-over-year increase, and Gross Merchandise Volume (GMV) of $1,157.5 million, up 35.3% year-over-year. For the full year 2025, Total Revenue reached $450.3 million, growing 66.1% year-over-year, with GMV at $3,940.4 million, an increase of 55.1% year-over-year.
The company achieved Q4 2025 Net Income of $42.7 million and Adjusted EBITDA of $58.3 million, resulting in a 44.9% Adjusted EBITDA Margin. For the full year 2025, Net Income was $133.1 million and Adjusted EBITDA was $187.7 million, with a 41.7% margin.
Key engagement metrics for Q4 2025 included 3,049,000 Active Consumers, an 11.9% year-over-year increase, and 10,488,000 Number of Transactions, up 34.2% year-over-year.
Sezzle provided 2026 guidance, projecting Total Revenue Growth of 25% - 30% and Adjusted Net Income of $170.0 million, which would be a 32.4% year-over-year increase.

2 days ago

Presentation

Sezzle Reports Strong Q4 and Full-Year 2025 Results, Raises 2026 Guidance

SEZL

Earnings

Guidance Update

Share Buyback

Sezzle Inc. reported a 32.2% year-over-year increase in Total Revenue to $129.9 million for Q4 2025, with Net Income Per Diluted Share reaching $1.21, a 72.9% year-over-year increase.
For full-year 2025, Total Revenue grew 66.1% year-over-year to $450.3 million, and Net Income per diluted share was $3.72, up 69.5% year-over-year.
The company increased its FY2026 Adjusted Net Income per Diluted Share guidance to $4.70 and introduced FY2026 Total Revenue growth guidance of 25% to 30%.
Sezzle completed a $50 million share repurchase program in December 2025 and authorized a new $100 million share repurchase program.

2 days ago

8-K

Sezzle Authorizes New $100 Million Stock Repurchase Program

SEZL

Share Buyback

Financial Position

Capital Allocation

Sezzle Inc. announced on December 15, 2025, that its Board of Directors authorized an additional $100 million stock repurchase program.
This new authorization follows the completion of its prior $50 million stock repurchase program.
Through its stock repurchase programs, Sezzle has repurchased a total of 2.9 million shares at an average purchase price of $24.03.
The company indicated this action reflects its strong financial position and a strategy to enhance shareholder value.

Dec 15, 2025, 9:04 PM

8-K

Sezzle Reports Strong Q3 2025 Financials, Raises 2025 Guidance, and Pivots to Subscription Focus

SEZL

Earnings

Guidance Update

New Projects/Investments

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

Transcript

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

Transcript

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

Presentation

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

Transcript

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.