SEZL Sezzle (SEZL) Q4 FY25 earnings call
Sezzle delivered a record-breaking quarter and full year, driven by strong top-line growth and significant operating leverage, particularly in optimizing unit economics and controlling non-transaction-related expenses. The company is strategically evolving beyond its core pay-in-4 product into a broader financial utility, leveraging AI for efficiency and exploring a bank charter to future-proof its model against regulatory challenges. This quarter's results underscore the success of its disciplined approach to growth and investment in high-LTV products.
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SEZL operating KPIs by quarter
| KPI | This call Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Quarterly purchase frequency | 6.6Seeing mods grow by 211,000 year-over-year is a testament to the health of our growth engine and reaching a purchase frequency of 6.6x per quarter shows we are successfully moving towards becoming a daily utility for our consumers.Source: earnings call transcript | 7.1Average quarterly purchase frequency increased by a full purchase across the consumer base, reaching 7.1x in the quarter compared to 6.1x in the first quarter of last year.Source: earnings call transcript | 7.2And average quarterly purchase frequency hit a record 7.2x compared to 6.1x in the second quarter of last year.Source: earnings call transcript | +1.4% |
| Payments volume | $1.16B+This quarter marked another milestone as GMV crossed $1.16 billion, a 35.3% year-over-year increase.Source: earnings call transcript | $1.1BOn Slide 12, you can see the strong momentum in our business as Q1 GMV of $1.1 billion nearly surpassed Q4's holiday season GMV of $1.2 billion.Source: earnings call transcript | $1.3BSecond quarter GMV grew 37.9% year-on-year to a record $1.3 billion, and total revenue grew 51.7% to $149.7 million.Source: earnings call transcript | +18.2% |
| Take rate | 11.2%We saw a consistent take rate of 11.2% this quarter contributing to a strong 11.4% take rate for the full year.Source: earnings call transcript | — | 11.7%Q2 revenue rose 51.7% as revenue yield expanded 110 basis points year-over-year to 11.7%.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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