Sezzle Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
SEZL$149.28-1.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive Income
Consolidated Statements of Operations and Comprehensive Income (unaudited)
| For the three months ended September 30, | For the nine months ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Total revenue | $116,796 | $69,958 | $320,410 | $172,905 |
| Operating Expenses | ||||
| Personnel | 14,320 | 13,423 | 41,049 | 37,185 |
| Transaction expense | 17,435 | 12,761 | 46,995 | 35,290 |
| Third-party technology and data | 3,705 | 2,387 | 10,507 | 6,724 |
| Marketing, advertising, and tradeshows | 8,775 | 2,726 | 22,893 | 4,376 |
| General and administrative | 4,823 | 2,417 | 11,800 | 7,319 |
| Provision for credit losses | 32,177 | 15,402 | 65,624 | 30,636 |
| Total operating expenses | 81,235 | 49,116 | 198,868 | 121,530 |
| Operating Income | 35,561 | 20,842 | 121,542 | 51,375 |
| Other Income (Expense) | ||||
| Net interest expense | (3,923) | (3,328) | (10,338) | (10,321) |
| Other income (expense), net | (6) | 95 | 106 | 55 |
| Fair value adjustment on warrants | — | — | — | (1,261) |
| Loss on extinguishment of line of credit | — | — | — | (260) |
| Income before taxes | 31,632 | 17,609 | 111,310 | 39,588 |
| Income tax expense (benefit) | 4,961 | 2,163 | 20,871 | (13,567) |
| Net Income | 26,671 | 15,446 | 90,439 | 53,155 |
| Other Comprehensive Income (Loss) | ||||
| Foreign currency translation adjustment | (339) | 72 | 483 | (2) |
| Total Comprehensive Income | $26,332 | $15,518 | $90,922 | $53,153 |
| Net income per share*: | ||||
| Basic | $0.78 | $0.46 | $2.67 | $1.58 |
| Diluted | $0.75 | $0.44 | $2.55 | $1.49 |
| Weighted-average shares outstanding*: | ||||
| Basic | 34,048 | 33,272 | 33,878 | 33,725 |
| Diluted | 35,675 | 35,435 | 35,448 | 35,689 |
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