Sezzle Inc. 8-K Filings

Sezzle Inc. entered into Second Amended and Restated agreements with WebBank governing their bank partnership program: a Loan and Receivables Sale Agreement and a Marketing and Servicing Agreement. WebBank continues to originate and fund consumer installment loans for Sezzle’s products.

The updated program now supports two additional products: SezzleCash, a cash advance product, and Sezzle Send, a payments product supported by installment loans whose proceeds WebBank disburses to deposit accounts it establishes. For these new products, WebBank will retain originated loans on its balance sheet to maturity, up to an initial aggregate retention threshold of $30.0 million, which it may increase in its discretion up to $150.0 million, subject to certain exceptions.

The amendments increase Sezzle’s required minimum tangible net worth from $12.0 million to $100.0 million and add termination events tied to judgments, fines or penalties above a specified threshold and to breaches of financial covenants. WebBank remains the exclusive originator for Sezzle’s consumer installment and cash advance products, and Sezzle continues to service all loans. The program term still runs through September 27, 2029, and other key economics and sale structures for existing products are substantially unchanged.

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.

Sezzle Inc. reported strong second-quarter 2026 results, with Gross Merchandise Volume of $1.3 billion, up 37.9% year over year. Total revenue rose 51.7% to $149.7 million, lifting revenue as a percentage of GMV to 11.7% from 10.6%.

Active Subscribers grew 76.4% to 854,000 and Monthly On-Demand & Subscribers reached 982,000. Net income increased 47.7% to $40.8 million, or $1.17 per diluted share, while Adjusted Net Income was $39.3 million and Adjusted EBITDA $58.0 million, both above 50% year-over-year growth.

As of June 30, 2026, Sezzle held $112.0 million of cash, cash equivalents, and restricted cash and had $123.5 million drawn on a new three-year $300.0 million credit facility that reduced funding costs. The company repurchased $28.0 million of stock in the first half and raised FY2026 guidance to 35% revenue growth, Adjusted Net Income of $185.0 million, and Adjusted Net Income per diluted share of $5.25.

Sezzle Inc. plans to release its second quarter 2026 results after the market close on August 6, 2026, followed by a conference call and webcast at 5:00 p.m. Eastern Time to discuss the quarter.

Management also plans to participate in several fintech-focused investor conferences in August and September 2026, and will post materials on its Investor Relations page.

Sezzle Inc. used an investor presentation to highlight strong first-quarter 2026 results and a higher full-year outlook. For 1Q26, gross merchandise volume reached $1.11 billion, up 37.3% year over year, while total revenue rose to $135.5 million, a 29.2% increase. Net income was $51.3 million with a 37.9% margin, and Adjusted EBITDA was $71.1 million, or 52.5% of revenue. Total revenue less transaction-related costs improved to 74.0% of revenue, and last-twelve-month return on equity reached 92.0%.

Consumer engagement also expanded, with Monthly On-Demand & Subscribers at 887,000, up 229,000 year over year, and average quarterly purchase frequency rising to 7.1x. Management raised 2026 guidance to 30–35% total revenue growth and increased Adjusted Net Income guidance to $180 million and $5.10 per diluted share. The company also noted a new $300 million credit facility and activity under its share repurchase programs.

Sezzle Inc. entered into an amended and restated senior secured revolving credit facility providing up to $300 million in borrowing capacity, with an option to increase by $75 million, maturing on May 7, 2029. The facility, arranged with Mesirow Alternative Credit (f/k/a Bastion), is priced at 3‑month Term SOFR plus 3.86% with a 2.00% SOFR floor and features an advance rate of up to 92.5% of eligible receivables, subject to performance tests, and a $50 million minimum utilization.

Sezzle carried forward $153.5 million outstanding from its prior revolving facility into this new structure, which also reduces the interest spread from 6.75% and increases committed capacity versus the earlier $150 million facility that had been expanded to $225 million. Amendment No. 3 to the Limited Guaranty and Indemnity Agreement updates covenants so Sezzle may make restricted payments, including dividends and share repurchases, provided trailing twelve‑month consolidated net income is positive and aggregate restricted payments remain within a formula tied to $75 million plus a percentage of consolidated net income or losses after May 7, 2026.

Sezzle Inc. reported strong first quarter 2026 results, with gross merchandise volume rising 37.3% year over year to $1.1 billion and total revenue up 29.2% to $135.5 million.

Net income increased 41.9% to $51.3 million, or $1.47 per diluted share, while adjusted net income reached $50.0 million, or $1.43 per diluted share. Adjusted EBITDA was $71.1 million, giving a 52.5% margin.

Stronger consumer engagement drove a record average purchase frequency of 7.1x and a 48.4% rise in active subscribers. Management also raised full-year 2026 guidance, lifting expected total revenue growth to 30–35% and adjusted net income to $180.0 million, with adjusted EPS guided to $5.10.

Sezzle Inc. filed a current report stating it will release its first quarter 2026 results after the market close on May 6, 2026. The company will host a conference call and webcast at 5:00 p.m. Eastern Time that day, with an earnings presentation available on its Investor Relations page.

Investors can register for the call and webcast through an online link and are encouraged to submit questions in advance via email. Sezzle also highlighted several upcoming investor conferences in May and June 2026 where management will present, and attached the press release with these details as an exhibit.

Sezzle Inc. reported a board change as director Karen Webster resigned effective immediately, citing a growing difference in perspective with management on the company’s direction, key decisions, and governance. She had served on the Audit and Risk, Compensation, and Nominating and Corporate Governance Committees.

The Board appointed Bryan Hunt, a General Partner at Relevance Ventures and veteran financial services analyst, to fill the vacancy and serve as an independent, non-employee director. He will sit on all three key board committees and receive standard non-employee director cash retainers plus 935 restricted stock units vesting over roughly 3.7 years, starting April 1, 2027.

Sezzle Inc. reported a change in its independent auditor and highlighted an existing material weakness in internal controls. On March 16, 2026, the Audit Committee dismissed Baker Tilly US, LLP as the company’s independent registered public accounting firm and approved the engagement of PricewaterhouseCoopers LLP for the 2026 fiscal year, subject to PwC’s standard client acceptance procedures.

Baker Tilly’s audit reports on the 2024 and 2025 consolidated financial statements contained no adverse opinions or qualifications. However, its report on internal control over financial reporting as of December 31, 2025 stated that Sezzle did not maintain effective internal control because of a material weakness related to the design and maintenance of controls to evaluate the appropriate classification of cash flows related to notes receivable. The filing states there were no disagreements with Baker Tilly on accounting principles, disclosure, or audit procedures, and that the only reportable event was this previously disclosed material weakness.

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.

Sezzle Inc. reported very strong fourth-quarter and full-year 2025 results while also identifying a technical error in prior cash flow classifications. For 2025, gross merchandise volume reached $3.9 billion and total revenue climbed 66.1% year over year to $450.3 million. Net income rose 69.5% to $133.1 million, or $3.72 per diluted share, and adjusted EBITDA more than doubled to $187.7 million, lifting margins into the low‑40% range. The company raised its 2026 adjusted net income per share guidance to $4.70 and now targets 25%–30% revenue growth and $170 million of adjusted net income. Sezzle also completed a $50 million share repurchase program and authorized a new $100 million program. Separately, management concluded that certain 2024 cash flows related to notes receivable were misclassified between operating and investing activities; the restatement affects only the statements of cash flows and does not change prior balance sheets, income statements, or equity.

Sezzle Inc. filed a current report stating that it will release its fourth quarter and full year 2025 results on February 25, 2026. On the same day, the company will host a conference call at 5:00 p.m. Eastern Time to discuss these results.

The report notes that a related press release, dated February 2, 2026, is included as Exhibit 99.1 and is incorporated by reference. The information about the results release and call is being furnished rather than filed under securities laws.

Sezzle Inc. is appointing longtime executive Lee Brading as Chief Financial Officer, effective February 1, 2026. Current CFO Karen Hartje will step down on January 31, 2026 and continue as a consultant under a prior consulting agreement.

Brading has led corporate development and investor relations at Sezzle since 2020 and previously held senior finance roles at Wells Fargo Securities and other firms. Under a new employment agreement, he will receive a base salary of $450,000, a target of $2,000,000 in RSU equity vesting over four years, and eligibility for a profit-sharing incentive plan with a target bonus of 50% of base salary, prorated for 2026.

Sezzle Inc. reported that its Board of Directors has authorized the repurchase of up to $100 million of the company's outstanding shares of common stock.

The authorization was announced in a press release dated December 15, 2025, which is filed as an exhibit and incorporated by reference. This action gives Sezzle the ability to buy back a significant dollar amount of its Nasdaq-listed common stock over time if and when it chooses to do so.

Sezzle Inc. amended its Revolving Credit and Security Agreement, increasing the Borrower’s borrowing capacity from $150.0 million to $225.0 million by exercising a previously available $75.0 million accordion feature. The company states the higher capacity will support ongoing business needs.

Sezzle also furnished a press release announcing third quarter results for the period ended September 30, 2025. In leadership updates, the company and Chief Financial Officer Karen Hartje agreed to a twelve‑month transition for personal reasons. Effective November 1, 2025, her employment agreement was terminated and replaced with a consulting agreement; she will continue serving as CFO during the consulting period, reporting to the CEO, at $10,000 per month, with healthcare coverage extended through June 30, 2026.

Sezzle Inc. announced it will release third quarter 2025 results on November 5, 2025 and host a conference call at 5:00 p.m. Eastern Time the same day.

The announcement is provided under Item 2.02 and, along with Exhibit 99.1, is being furnished rather than filed under the Exchange Act.

Sezzle Inc. furnished an investor presentation (Exhibit 99.1) via an 8-K to support investor and analyst communications. The company describes the slides as summary information to be considered alongside its SEC filings and other public announcements.

The filing states the presentation is being furnished, not filed, so it is not subject to Section 18 liability or incorporation by reference unless explicitly cited in a later filing. The company disclaims any duty to update the information. Exhibits listed include the investor presentation and the cover page interactive data file (Exhibit 104).

Sezzle Inc. (SEZL) filed an 8-K covering two main items dated 7 Aug 2025.

• Item 1.02 – B Corporation status: The company has chosen not to pursue recertification as a Certified B Corporation with B Lab. The original certification, effective since 22 Mar 2021, expires immediately. Management states the decision stems from an ongoing governance and sustainability review and is not expected to have a material impact on business, operations, or financial condition. No dispute with B Lab was reported.
• Item 2.02 – Q2 2025 results: Sezzle issued a press release (Ex. 99.1) furnishing, but not filing, its second-quarter results for the period ended 30 Jun 2025. Specific financial figures are not included in the 8-K; investors must reference the attached release for details.

No other material definitive agreements, executive changes, or financing activities were disclosed. All statements under Item 2.02 are furnished and thus carry no Section 18 liability. The filing appears neutral from a financial materiality standpoint, though dropping the B Corp label could carry minor ESG perception risks.