Companies /Financial Services

Sezzle Inc

NASDAQ: SEZL Credit Services
$124.12
▼ $1.68 (−1.34%) today
Markets closed · 4:53am ET

Q3 2025 Earnings

Reported Nov 5, 2025, 4:04pm ET · SEC source
$0.71
Beat +9.23%
EPS · est. $0.65
$116.8M
Beat +11.55%
Revenue · est. $104.7M
+17.6%
Beating market
SEZL vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−18%−9%0+9%Nov 5Nov 6report 4:04pm ETearnings−1.0%−18.5%
−18%−9%0+9%Nov 5Nov 6earnings−1.0%−18.5%
SEZL −18.5%S&P 500 −1.0%
−18%−9%0+9%Nov 5Nov 6report 4:04pm ETearnings−1.7%−18.5%
−18%−9%0+9%Nov 5Nov 6earnings−1.7%−18.5%
SEZL −18.5%NASDAQ −1.7%
−20%−10%0+10%Nov 4Nov 13report 4:04pm ETearnings−0.9%−20.8%
−20%−10%0+10%Nov 4Nov 13earnings−0.9%−20.8%
SEZL −20.8%S&P 500 −0.9%
−20%−10%0+10%Nov 4Nov 13report 4:04pm ETearnings−2.4%−20.8%
−20%−10%0+10%Nov 4Nov 13earnings−2.4%−20.8%
SEZL −20.8%NASDAQ −2.4%
−12.47%
Day of report
+2.16%
Next session
−9.09%
One week
+19.52%
30 days

S&P 500 over the same 30 days: +1.90%.

Did SEZL Beat Earnings? Q3 2025 Results

Sezzle posted a standout third quarter, with adjusted earnings per diluted share of $0.71 beating the $0.65 consensus by 9.23% and revenue of $116.80 million clearing estimates by 11.55% as the buy-now-pay-later platform continued its rapid expansion. Revenue climbed 67.0% year-over-year, powered primarily by a 58.7% surge in Gross Merchandise Volume, which crossed the $1.00 billion threshold for the quarter, while consumer purchase frequency rose to 6.5 times from 5.4 times a year ago, reflecting stronger platform engagement. GAAP net income grew 72.7% to $26.67 million, and adjusted EBITDA expanded 74.6% to $39.62 million, with management tightening its full-year provision for credit losses guidance to 2.5%-2.75% of GMV, a sign of increased underwriting confidence. Looking ahead, Sezzle raised its FY2025 adjusted net income per diluted share guidance to $3.38 from $3.25 and lifted adjusted EBITDA guidance to $175.00-$180.00 million, while introducing preliminary FY2026 adjusted EPS guidance of $4.35, even as the stock has retreated roughly 25% from recent highs despite its strong underlying earnings trajectory.

Key Takeaways
  • GMV climbed 58.7% YoY to $1.0 billion driven by subscription products and On-Demand usage
  • Consumer purchase frequency rose to 6.5x from 5.4x YoY
  • Monthly Active Users grew 38% YoY
  • Revenue-Generating Users by month rose 120% YoY
  • Monthly Sessions climbed 78% YoY
  • MODS reached 784,000, adding 36,000 incremental subscribers during the quarter
  • Marketing and advertising spend increased to $8.8 million from $2.7 million in Q3 2024
  • Operating leverage with non-transaction related expenses declining 2.9 ppt as % of revenue

“Our products continue to resonate with consumers, as we're seeing clear momentum in both engagement and scale. It's exciting to cross $1 billion in quarterly GMV for the first time, which reflects a growing loyal consumer base. We're sharpening our focus on proven results and long-term innovation, and we're looking forward to supporting shoppers with our tools this holiday season.”

Sezzle CEO, on the earnings call

Forward Guidance & Outlook

For FY2025, Sezzle raised guidance: total revenue growth of 60%-65% YoY (unchanged), net income of $125.0 million, net income per diluted share of $3.52, adjusted net income per diluted share raised to $3.38 (from $3.25), and adjusted EBITDA raised to $175.0-$180.0 million (from $170.0-$175.0 million). Effective income tax rate expected at ~25% excluding discrete items. Provision for credit losses guidance tightened to 2.5%-2.75% of GMV (from 2.5%-3.0%). The company introduced preliminary FY2026 adjusted net income per diluted share guidance of $4.35, assuming ~25% effective income tax rate.

SEZL YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$40.0M$80.0M$120.0M$70.0M$116.8MRevenue$20.8M$35.6MOperating Income$15.4M$26.7MNet Income
$0$40.0M$80.0M$120.0MRevenueOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.