Sezzle (NASDAQ: SEZL) raises 2026 guidance after 51.7% revenue growth

Q: How did Sezzle (SEZL) perform financially in Q2 2026?

Sezzle reported 2Q26 revenue of $149.7 million , up 51.7% year over year , with net income of $40.8 million and a 27.2% net margin . Adjusted EBITDA was $58.0 million , representing a 38.8% margin on revenue.

Q: What growth in Gross Merchandise Volume did Sezzle (SEZL) report?

Sezzle’s platform processed GMV of $1,278.5 million in Q2 2026 , a 37.9% increase year over year . This volume underpinned revenue growth, with total revenue equal to 11.7% of GMV during the quarter.

Q: How has Sezzle (SEZL) updated its 2026 financial guidance?

Sezzle now expects 2026 total revenue growth of 35% and adjusted net income of $185 million , up from prior $180 million . Adjusted net income per diluted share guidance increased to $5.25 from $5.10 previously.

Q: What user and subscriber metrics did Sezzle (SEZL) highlight?

As of June 30, 2026, Sezzle reported 854,000 active subscribers , up 76.4% year over year , and 3.16 million active consumers , up 10.5% . Monthly On‑Demand & Subscribers (MODS) reached 982,000 , growing 31.3% year over year.

Q: What does Sezzle’s (SEZL) new $300 million facility provide?

Sezzle secured a $300 million receivables facility plus a $75 million accordion with a three‑year term from May 7, 2026 . It advances up to 92.5% of eligible originations and has a $50 million minimum utilization requirement.

Q: How strong is Sezzle’s (SEZL) profitability relative to equity?

Sezzle reported a last twelve months return on equity of 88.9% , based on net income over average shareholders’ equity. This reflects substantial profitability compared to the company’s equity base at June 30, 2026.

Q: What are Sezzle’s (SEZL) key balance sheet and cash flow figures?

At June 30, 2026, Sezzle held $112.0 million in total cash and $289.2 million in notes receivable , with $123.5 million drawn on its line of credit. Year‑to‑date, operating activities provided $141.2 million of cash.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Sezzle Inc. reported very strong operating trends for the quarter ended June 30, 2026, highlighted in an investor presentation now being used in investor meetings. Total revenue reached $149.7 million, up 51.7% year over year, while net income was $40.8 million, a 27.2% net margin. Gross profit proxy total revenue less transaction related costs was 63.5% of revenue. Adjusted EBITDA was $58.0 million, a 38.8% margin.

Growth was supported by higher platform activity: GMV rose 37.9% to $1,278.5 million, transactions grew 32.4% to 10.9 million, and Monthly On‑Demand & Subscribers reached 982,000, up 31.3% year over year. Active subscribers increased 76.4% to 854,000 and active consumers reached 3.16 million. Return on equity for the last twelve months was 88.9%.

Sezzle raised its full‑year 2026 outlook, now guiding to 35% total revenue growth and adjusted net income of $185 million, or $5.25 per diluted share. The company also detailed a new $300 million warehouse credit facility with a $75 million accordion, a three‑year term from May 7, 2026, and minimum utilization of $50 million, intended to support GMV growth while lowering borrowing costs.

Positive

Total revenue grew 51.7% year over year to $149.7 million in 2Q26, showing strong expansion in Sezzle’s core BNPL and subscription activities.
Net income reached $40.8 million with a 27.2% margin in 2Q26, indicating robust profitability alongside rapid top‑line growth.
Gross Merchandise Volume increased 37.9% to $1,278.5 million in 2Q26, reflecting higher usage of the Sezzle platform by consumers and merchants.
Active subscribers rose 76.4% to 854,000 as of June 30, 2026, strengthening recurring revenue and engagement from Anywhere and Premium offerings.
Return on equity over the last twelve months was 88.9%, signaling very high earnings relative to the company’s equity base.
2026 guidance was raised to $185 million adjusted net income and 35% revenue growth, up from prior $180 million and 30%–35% ranges.
New $300 million warehouse facility with a $75 million accordion and a SOFR + 3.86% spread provides additional liquidity and potentially lower funding costs for growth.

Negative

None.

Filing Explained

This Form 8-K furnishes Sezzle’s investor presentation for presentations beginning August 12, 2026; it is summary information and is not deemed “filed” for Section 18 liability, so its direct effect is information dissemination rather than a disclosed change to common holders’ ownership or company funding.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 Total Revenue: $149.7 million Q2 2026 Net Income: $40.8 million Q2 2026 Adjusted EBITDA: $58.0 million +5 more

8 metrics

Q2 2026 Total Revenue $149.7 million Quarter ended June 30, 2026; 51.7% year-over-year growth

Q2 2026 Net Income $40.8 million 27.2% net income margin in Q2 2026

Q2 2026 Adjusted EBITDA $58.0 million Adjusted EBITDA margin of 38.8% in Q2 2026

Q2 2026 GMV $1,278.5 million Gross Merchandise Volume; 37.9% year-over-year growth

Active Subscribers 854,000 As of June 30, 2026; 76.4% year-over-year growth

2026 Adjusted Net Income Guidance $185 million Updated full-year 2026 outlook as of August 2026

Warehouse Facility Size $300 million + $75 million accordion Three-year receivables facility effective May 7, 2026

Total Cash $112.049 million Cash and restricted cash at June 30, 2026

Key Terms

Gross Merchandise Volume, Adjusted EBITDA, buy-now, pay-later, Provision for Credit Losses, +2 more

6 terms

Gross Merchandise Volume financial

"Gross Merchandise Volume (GMV) & Total Revenue"

Gross merchandise volume is the total dollar value of all goods and services sold through a sales platform or marketplace during a given period, measured before subtracting fees, returns, discounts or other adjustments. Investors use it to gauge the size and momentum of a business—like counting every dollar that passes through a busy market to assess demand—but it is not the same as company revenue or profit since the operator typically retains only a portion.

Adjusted EBITDA financial

"Adjusted EBITDA is a non-GAAP financial measure."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

buy-now, pay-later financial

"impact of the “buy-now, pay-later” (“BNPL”) industry becoming subject"

Provision for Credit Losses financial

"Provision for Credit Losses FY2026 guidance of 2.5% -3.0%"

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

Monthly On-Demand & Subscribers financial

"Monthly On-Demand & Subscribers (MODS) defined as the combined total"

warehouse facility financial

"receivables warehouse facility"

A warehouse facility is a large building where companies store, sort and ship products before they reach customers, often including loading docks, shelving and inventory systems. For investors, it matters because how well a warehouse is located and run affects delivery speed, storage costs and how much cash is tied up in inventory — similar to a combination of a vault and a distribution hub that helps determine sales, margins and growth potential.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 08/12/2026 - 05:12 PM Accepted by SEC EDGAR 08/12/2026 - 05:11 PM

FAQ

How did Sezzle (SEZL) perform financially in Q2 2026?

Sezzle reported 2Q26 revenue of $149.7 million, up 51.7% year over year, with net income of $40.8 million and a 27.2% net margin. Adjusted EBITDA was $58.0 million, representing a 38.8% margin on revenue.

What growth in Gross Merchandise Volume did Sezzle (SEZL) report?

Sezzle’s platform processed GMV of $1,278.5 million in Q2 2026, a 37.9% increase year over year. This volume underpinned revenue growth, with total revenue equal to 11.7% of GMV during the quarter.

How has Sezzle (SEZL) updated its 2026 financial guidance?

Sezzle now expects 2026 total revenue growth of 35% and adjusted net income of $185 million, up from prior $180 million. Adjusted net income per diluted share guidance increased to $5.25 from $5.10 previously.

What user and subscriber metrics did Sezzle (SEZL) highlight?

As of June 30, 2026, Sezzle reported 854,000 active subscribers, up 76.4% year over year, and 3.16 million active consumers, up 10.5%. Monthly On‑Demand & Subscribers (MODS) reached 982,000, growing 31.3% year over year.

What does Sezzle’s (SEZL) new $300 million facility provide?

Sezzle secured a $300 million receivables facility plus a $75 million accordion with a three‑year term from May 7, 2026. It advances up to 92.5% of eligible originations and has a $50 million minimum utilization requirement.

How strong is Sezzle’s (SEZL) profitability relative to equity?

Sezzle reported a last twelve months return on equity of 88.9%, based on net income over average shareholders’ equity. This reflects substantial profitability compared to the company’s equity base at June 30, 2026.

What are Sezzle’s (SEZL) key balance sheet and cash flow figures?

At June 30, 2026, Sezzle held $112.0 million in total cash and $289.2 million in notes receivable, with $123.5 million drawn on its line of credit. Year‑to‑date, operating activities provided $141.2 million of cash.




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): August 12, 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 August 12, 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 August 12, 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: August 12, 2026	By:	/s/ Justin Krause
		Justin Krause
		SVP Finance and Controller

Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing # 201733 Regular text #F2E6FF #FF8100 #FF5667 #8333D4#00B874 #F3F3F3 #201733 #F8F1FF # F8F1FF Background 2| Sezzle Overview Presentation 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 in the Presentation remains subject to change without notice. Also, the information in the Presentation should no t be relied upon as advice to potential investors or current shareholders. This Presentation has been prepared without taking into account the objectives, financial situation or needs of any particular prospective investor or current shareholder. Before making an investment decision, prospective investors and current shareholders should co nsider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek appropriate adv ice, including financial, legal and taxation advice appropriate to their jurisdiction. The Presentation also includes information regarding our market and industry that is derived from publicly available third - party sources that have not been ind ependently 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 ma rket share, our timeline and intentions relating to operations, our business strategy, our estimated revenues and losses, our prospects, and the plans 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 of similar meaning (or the negative versions of such words or expressions). The se 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 diff er 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 spending; (iv) our ability to increase our merchant network, our base of consumers, and gross merchandise value (GMV); (v) our ability to effectively ma nag e growth, sustain our growth rate and maintain our market share; (vi) our ability to maintain adequate access to capital in order to meet the capital requirements of our business; (vii) impact of exposure to consumer bad debts and inso lvency 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 o f any data security breaches, cyberattacks, employee or other internal misconduct, malware, phishing or ransomware, physical security breaches, natural disasters, or similar disruptions; (xi) impact of key vendors or merchants fa iling 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 with various laws and regulations applicable to the BNPL industry in the United States and Canada; (xiv) the impact of litigation, regulatory investigations and actions, and com pliance issues on our business; (xv) significant and sudden declines or volatility in the trading price of our common stock and market capitalization; (xvi) timing and success of our application for a national bank charter and (xvii) other fac tors identified in the “Risk Factors” section of our most recent Annual 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 obli gat ion to update or revise any forward - looking statements contained in this Presentation or oral forward - looking statements made in connection with this Presentation to reflect events or circumstances after the 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 information, or the reasonableness of any assumption or other statement, contained in the Presentation (any of which may chan ge 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 pr ovided as supplemental 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 trans actions that take place on the Sezzle Platform, which is an indicator of the success of our merchants and the strength of the Sezzle Platform and MODS is a monthly metric that captures unique users of the On - Demand product and subscribers enrolled in Anywhere and Premium products. Sezzle also use these operating metrics in order to evaluate the effectiveness of our business strategies, to make budgeting decisions, and to compare our performance against that of oth er 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 GA AP. 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 qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a p rospectus meeting the requirements of Section 10 of the Securities Act or pursuant to another available exemption. WebBank Pay Later, SezzleCash , and Sezzle Send loans are originated by Sezzle and third - party lenders, including WebBank.