Companies /Financial Services

Sezzle Inc

NASDAQ: SEZL Credit Services
$124.12
▼ $1.68 (−1.34%) today
Markets closed · 11:05pm ET

Q4 2025 Earnings

Reported Feb 25, 2026, 4:03pm ET · SEC source
$1.21
Beat +26.04%
EPS · est. $0.96
$129.9M
Beat +1.79%
Revenue · est. $127.6M
−20.0%
Trailing market
SEZL vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−10%0+10%+20%Feb 25Feb 26report 4:03pm ETearnings−0.9%+13.5%
−10%0+10%+20%Feb 25Feb 26earnings−0.9%+13.5%
SEZL +13.5%S&P 500 −0.9%
−10%0+10%+20%Feb 25Feb 26report 4:03pm ETearnings−1.5%+13.5%
−10%0+10%+20%Feb 25Feb 26earnings−1.5%+13.5%
SEZL +13.5%NASDAQ −1.5%
−20%−10%0+10%Feb 24Mar 5report 4:03pm ETearnings−1.9%+2.6%
−20%−10%0+10%Feb 24Mar 5earnings−1.9%+2.6%
SEZL +2.6%S&P 500 −1.9%
−20%−10%0+10%Feb 24Mar 5report 4:03pm ETearnings−1.5%+2.6%
−20%−10%0+10%Feb 24Mar 5earnings−1.5%+2.6%
SEZL +2.6%NASDAQ −1.5%
+35.26%
Day of report
−13.87%
Next session
−10.54%
One week
−28.30%
30 days

S&P 500 over the same 30 days: −8.32%.

Did SEZL Beat Earnings? Q4 2025 Results

Sezzle closed out fiscal 2025 with a blowout fourth quarter, posting diluted EPS of $1.21 against a consensus estimate of $0.96, a beat of 26.04%, as revenue climbed 32.2% year-over-year to $129.87 million, edging past the $127.58 million Wall Street had expected. The standout driver was a powerful combination of operating leverage and accelerating consumer engagement, with operating expenses growing just 10.8% against that 32.2% revenue gain, pushing Q4 operating margin to 42.5%, while Gross Merchandise Volume hit a quarterly record of $1.20 billion, up 35.3% year-over-year, fueled by peak holiday demand and rising subscription adoption. Transaction frequency reached 6.6 times per quarter, up from 5.5 times a year ago, reflecting the company's ongoing pivot from a pure buy-now-pay-later provider toward a broader financial ecosystem. B.Riley raised its price target on the stock to $99, citing the strength of the quarter. Looking ahead, management lifted FY2026 adjusted EPS guidance to $4.70 from $4.35, projecting total revenue growth of 25% to 30% and adjusted net income of approximately $170 million.

Key Takeaways
  • Expansion of subscription offerings (Premium and Anywhere) driving MODS to 918,000
  • Consumer transaction frequency increased to 6.6x per quarter from 5.5x YoY
  • App sessions surged 51% YoY by December
  • Favorable repayment performance and conservative holiday underwriting reduced provision for credit losses to 2.0% of GMV
  • Operating leverage with expenses growing 10.8% vs revenue growth of 32.2%
  • Payment processing enhancements and greater ACH adoption for repayments

“Our tenth year as a company was our most transformative yet, as we achieved new highs in our top and bottom-line results while advancing our shopping ecosystem. By prioritizing higher LTV subscribers and scaling our proprietary shopping features, we have created a platform that delivers daily utility to our consumers. This momentum is clear in our performance: Monthly On-Demand and Subscribers reached a record 918,000 and app sessions surged 51% year-over-year by December. As we enter 2026, we are positioned to sustain this quality of earnings, guiding to Adjusted Net Income of $170 million, representing a 31% year-over-year increase in Adjusted Net Income per Diluted Share.”

Sezzle CEO, on the earnings call

Forward Guidance & Outlook

Sezzle raised FY2026 adjusted net income per diluted share guidance to $4.70 from $4.35, introduced total revenue growth guidance of 25% to 30%, and set FY2026 adjusted net income guidance at $170.0 million, representing a 31% YoY increase in adjusted net income per diluted share. The company plans key product launches in FY2026 including Agentic Commerce (AI-powered shopping assistant), Sezzle Mobile wireless service starting at $29.99/month on the AT&T network, enhanced long-term lending with higher credit limits and flexible monthly payments, and user community and receipt scanning & rewards features.

SEZL YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$40.0M$80.0M$120.0M$98.2M$129.9MRevenue$30.9M$55.2MOperating Income$25.4M$42.7MNet Income
$0$40.0M$80.0M$120.0MRevenueOperating IncomeNet Income

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