Sezzle (SEZL) surges with 66% 2025 revenue growth, $133M net income and 2026 targets

Q: What 2026 financial guidance did Sezzle (SEZL) provide?

For 2026, Sezzle targets 25–30% total revenue growth and $170 million in adjusted net income. It also forecasts adjusted net income per diluted share of $4.70 , assuming a diluted weighted-average share count of 36.2 million after the 6-for-1 stock split.

Q: How fast is Sezzle’s (SEZL) BNPL platform growing in terms of GMV and users?

In 2025, Sezzle processed $3.94 billion in gross merchandise volume and generated $450.3 million in revenue. Monthly On-Demand & Subscribers reached 918,000 by 4Q25, up 211,000 year over year, supported by higher purchase frequency and strong repeat usage.

Q: What stock repurchase programs has Sezzle (SEZL) executed and authorized?

Sezzle completed a $50.0 million repurchase program in December 2025 and previously repurchased $20.0 million of stock in 2024. In December 2025, its board authorized an additional $100.0 million repurchase program with no fixed expiration, subject to market conditions.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Sezzle Inc. furnished an investor presentation outlining strong 2025 performance and its strategy as a North American buy now, pay later and digital finance platform. Gross merchandise volume reached $3.94B in 2025 with $450.3M in total revenue, up 66.1% year over year.

Net income rose to $133.1M in 2025 with an adjusted EBITDA of $187.7M and a 41.7% adjusted EBITDA margin. The company highlighted margin expansion, growing engagement to 918,000 Monthly On-Demand & Subscribers, and significant capital returns, including a completed $50M repurchase in 2025 and authorization for an additional $100M. 2026 guidance targets 25–30% total revenue growth and adjusted net income of $170M.

Positive

Strong 2025 profitability and growth: total revenue grew 66.1% to $450.3M, net income reached $133.1M, and adjusted EBITDA margin expanded to 41.7%, showing a profitable and scaling BNPL model.
Shareholder capital returns and upbeat 2026 outlook: Sezzle completed a $50M stock repurchase, authorized an additional $100M, and issued 2026 guidance for 25–30% revenue growth and $170M in adjusted net income.

Negative

None.

Insights

Sezzle combines rapid growth, rising profitability, and buybacks, signaling a strong financial posture.

Sezzle reports 2025 total revenue of $450.3M, up 66.1%, and net income of $133.1M. Adjusted EBITDA reached $187.7M with a 41.7% margin, indicating a profitable BNPL model with improving unit economics and tight control of transaction-related costs and operating expenses.

Engagement metrics strengthened, with gross merchandise volume at $3.94B and Monthly On-Demand & Subscribers rising to 918,000. Marketing payback periods under six months and higher purchase frequency suggest the subscriber-led ecosystem is gaining traction without excessive customer acquisition spending.

The company also emphasizes shareholder returns, completing a $50M repurchase in 2025 and authorizing a further $100M program. For 2026, it guides to 25–30% revenue growth and adjusted net income of $170M, implying continued scale and profitability if execution on product expansion and AI-driven efficiency remains consistent.

03/06/2026 - 04:09 PM




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
			WASHINGTON, D.C. 20549


			FORM 8-K

			CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 6, 2026

Sezzle Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-41781

81-0971660

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer
Identification No.)

700 Nicollet Mall

Suite 640

Minneapolis, MN 55402

(Address of principal executive offices, including zip code)

+1 (651) 240 6001

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:


Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock, par value $0.00001 per share	SEZL	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure

Beginning March 6, 2026, Sezzle Inc. (the “Company”) may commence investor and analyst presentations using the slide presentation which is attached as Exhibit 99.1 to this Current Report on Form 8-K (the “Investor Presentation”) and is incorporated herein by reference.

The information contained in the Investor Presentation is summary information that is intended to be considered in the context of the Company’s Securities and Exchange Commission (“SEC”) filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The Company undertakes no duty or obligation to publicly update or revise the information contained in this report.

The information in this Form 8-K (including Exhibit 99.1 attached hereto) is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing by the Company, under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits


Exhibit No.						Description
99.1						Investor Presentation, dated March 6, 2026
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	SEZZLE INC.

Dated: March 6, 2026	By:	/s/ Charles Youakim
		Charles Youakim
		Chief Executive Officer

| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 2 Disclaimer Cautionary Note Regarding Forward - Looking Statements This presentation (the “Presentation”) contains summary information about the activities of Sezzle as of the date of this Pre sentation. The information in this Presentation is of a general nature and does not purport to be complete and the information i n the Presentation remains subject to change without notice. Also, the information in the Presentation should not be relied upon as advice to potential investors or current shareholders. This Presentation has been prepared without taking into account the obje ctives, financial situation or needs of any particular prospective investor or current shareholder. Before making an investment decis ion, prospective investors and current shareholders should consider the appropriateness of the information having regard to thei r own objectives, financial situation and needs and seek appropriate advice, including financial, legal and taxation advice appropr iate to their jurisdiction. The Presentation also includes information regarding our market and industry that is derived from pu blicly available third -party sources that have not been independently verified by Sezzle. This presentation contains forward - looking statements within the meaning of Section 27A of the Securities Act of 1933, as amende d (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including but not limited to forward - looking statements regarding anticipated new products, our ability to gain future market share, our timel ine and intentions relating to operations, our business strategy, our estimated revenues and losses, our prospects, and the p lans and objectives of management. These forward - looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," other words or expressions ofsimilar meaning (or the negative versions of such words or expressions). These forward - looking statements are based on our current expectations and assumptions and on information currently available to us. These forward - looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including but not limited to those set out in this Presentation and: ( i) impact of the “buy - now, pay - later” (“BNPL”) industry becoming subject to increased regulatory scrutiny; (ii) impact of operating in a highly competitive industry; (iii) impact of macro - economic conditions on consumer spend ing; (iv) our ability to increase our merchant network, our base of consumers, and gross merchandise value (GMV); (v) our abi lity to effectively manage growth, sustain our growth rate and maintain our market share; (vi) our ability to maintain adequate acces s to capital in order to meet the capital requirements of our business; (vii) impact of exposure to consumer bad debts and insol vency of merchants; (viii) our ability to comply with the applicable requirements of Visa and other payment processors; (ix) impact of the integration, support and prominent presentation of our platform by our merchants; (x) impact of any data security breaches, cyberattacks, employee or other internal misconduct, malware, phishing or ransomware, physical security breaches, natural dis asters, or similar disruptions; (xi) impact of key vendors or merchants failing to comply with legal or regulatory requirements or to provide various services that are important to our operations; (xii) our ability to protect our intellectual property rights and third party allegations of the misappropriation of intellectual property rights; (xiii) impact of the costs of complying wit h various laws and regulations applicable to the BNPL industry in the United States and Canada; (xiv) the impact of litigation, regulatory inves tigations and actions, and compliance issues on our business; (xv) significant and sudden declines or volatility in the trading price of our common stock and market capitalization; and (xvi) other factors identified in the “Risk Factors” section of our most recent A nnual Report on Form 10 - K (the “Annual Report”) and the Company’s subsequent filings filed with the SEC available at www.sec.gov. Except as required by law, we undertake no obligation to update or revise any forward - looking statements contained in this Prese ntation or oral forward - looking statements made in connection with this Presentation to reflect events or circumstances after th e date of this Presentation. This Presentation has been prepared in good faith, but no representation or warranty, express or implied, is made as to the f airness, accuracy, completeness, correctness, reliability or adequacy of any statements, estimates, opinions or other informatio n, or the reasonableness of any assumption or other statement, contained in the Presentation (any of which may change without notice). All financial figures are expressed in U.S. dollars unless otherwise stated. In addition to financial measures presented in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”), t his Presentation includes certain financial information, including Gross Merchandise Volume (“GMV”, formerly known as Underlying Merchant Sales, or UMS), Monthly On - Demand & Subscribers (“MODS”), and Active Subscribers, which has been provided as supplement al measures of operating performance that are key metrics used by management to assess Sezzle’s growth and operating performance. For example, GMV is an operating metric in assessing the volume of transactions that take place on the Sezzle Pl atform, which is an indicator of the success of our merchants and the strength of the Sezzle Platform and MODS is a monthly metr ic that captures unique users of the On - Demand product and subscribers enrolled in Anywhere and Premium products. Sezzle also uses these operating metrics in order to evaluate the effectiveness of our business strategies, to make budgeting decisions, and t o compare our performance against that of other peer companies using similar measures. GMV, MODS, and Active Subscribers do not represent revenue earned by Sezzle, are not components of Sezzle’s income or included within Sezzle’s financial results prepared in accordance with GAAP. The GMV, MODS, and Active Subscribers financial measures used by Sezzle may differ from the non- U.S. GAAP financial measures used by other companies. No Offer or Solicitation This report shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be a ny sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or q ualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act or pursuant to another available exemption. WebBank Pay Later loans are originated by WebBank except loans in IA, Puerto Rico & Canada. For example, for a $300 loan Pi4, you mak e one $75 down payment today, then three $75 payments every two weeks for a 45.0% annual percentage rate (APR) & total payments of $307.49, which includes a $7.49 Service Fee (finance charge) charged at loan origination. Service fees vary & can range from $0 to $7.49 depending on the purchase price & Sezzle product. Actual fees are reflected in checkout.

Source: View Original Filing on SEC EDGAR

FAQ

How did Sezzle (SEZL) perform financially in 2025?

Sezzle delivered strong 2025 results, with total revenue of $450.3 million, up 66.1% year over year. Net income increased to $133.1 million, while adjusted EBITDA reached $187.7 million and a 41.7% margin, reflecting profitable scale and improved unit economics.

What 2026 financial guidance did Sezzle (SEZL) provide?

For 2026, Sezzle targets 25–30% total revenue growth and $170 million in adjusted net income. It also forecasts adjusted net income per diluted share of $4.70, assuming a diluted weighted-average share count of 36.2 million after the 6-for-1 stock split.

How fast is Sezzle’s (SEZL) BNPL platform growing in terms of GMV and users?

In 2025, Sezzle processed $3.94 billion in gross merchandise volume and generated $450.3 million in revenue. Monthly On-Demand & Subscribers reached 918,000 by 4Q25, up 211,000 year over year, supported by higher purchase frequency and strong repeat usage.

What margins and unit economics did Sezzle (SEZL) report for 2025?

Sezzle’s 2025 total revenue less transaction related costs was $281.0 million, or 62.4% of revenue, showing margin expansion. Transaction related costs were $169.3 million, or 4.3% of GMV, while adjusted EBITDA margin improved to 41.7%, indicating efficient portfolio performance.

What stock repurchase programs has Sezzle (SEZL) executed and authorized?

Sezzle completed a $50.0 million repurchase program in December 2025 and previously repurchased $20.0 million of stock in 2024. In December 2025, its board authorized an additional $100.0 million repurchase program with no fixed expiration, subject to market conditions.

How is Sezzle (SEZL) using subscriptions and On-Demand products to drive growth?

Sezzle’s ecosystem includes On-Demand, Anywhere, and Premium subscriptions, reaching 918,000 Monthly On-Demand & Subscribers by 4Q25. These products boost order frequency, in-store usage, and average order value, while marketing payback periods of under six months help sustain efficient customer acquisition.

Filing Exhibits & Attachments

4 documents

Press Releases

EX-99.1 EX-99.1 93.7 KB

Sezzle (SEZL) surges with 66% 2025 revenue growth, $133M net income and 2026 targets