Jun 2026 (Q2 FY26) — Aug 6, 2026
Sezzle Q2 FY26 — Record GMV and Subscriber Growth Drive Raised Full-Year Guidance
Read the full callSezzle (SEZL) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Sezzle earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 150 | +51.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 36.7 | +0.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 40.8 | +47.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
7 of 7 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| SezzleCash (cash-advance product) launch | Launch cash-flow/cash-advance product within ~3 months (by ~August 2026) | Mar 2026 | We rolled out SezzleCash in June through a phased launch, reaching the full population of eligible Sezzle Anywhere subscribers by the end of the quarter. | Achieved |
| FY2026 adjusted EPS guidance | Adjusted EPS of $4.35 (29% growth over FY2025 adjusted EPS) | Sep 2025 | adjusted net income per diluted share to $5.25 from $5.10 | Revised Up |
| FY2026 provision for credit losses (% of GMV) guidance | Provision for credit losses of 2.5% to 3% of GMV | Dec 2025 | we expect the full year provision to be in the range of 2.5% to 3% of GMV | On Track |
11 of Sezzle Inc.'s 18 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 15 more targets are in the full ledger.
Claimed
- Record Q2 GMV of $1.3 billion, up 37.9% year-on-year.
- Total revenue grew 51.7% year-on-year to $149.7 million.
- Adjusted EBITDA reached $58 million, a 38.8% margin.
- Active subscribers increased 76.4% year-over-year to 854,000, with 140,000 net new subscribers added in the quarter.
- Full-year adjusted net income guidance raised to $185 million from $180 million.
Qualified
- Marketing spend increased to $19.4 million in the quarter, a deliberate step-up that will be lower in Q3.
- Revenue yield is expected to step down sequentially for the remainder of 2026, with Q4 being the seasonal low point.
- Provision for credit losses is expected to rise throughout the year, with Q2 showing an increase due to seasonality and new user acquisition.
Price
$127.65 −3.57% · −$4.72
Performance +63.7% 1Y
1Y: $77.99 on 15 Oct 2025 → $127.65. High $188.55 (15 Jul 2026), low $50.97 (17 Nov 2025).
- Previous close
- $132.37
- 52-week range
- $50.97 – $188.55
- One year
- +70.43%
Overview
- Symbol
- SEZL
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
7 of 7 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| SezzleCash (cash-advance product) launch | Launch cash-flow/cash-advance product within ~3 months (by ~August 2026) | Mar 2026 | We rolled out SezzleCash in June through a phased launch, reaching the full population of eligible Sezzle Anywhere subscribers by the end of the quarter. | Achieved |
| FY2026 adjusted EPS guidance | Adjusted EPS of $4.35 (29% growth over FY2025 adjusted EPS) | Sep 2025 | adjusted net income per diluted share to $5.25 from $5.10 | Revised Up |
| FY2026 provision for credit losses (% of GMV) guidance | Provision for credit losses of 2.5% to 3% of GMV | Dec 2025 | we expect the full year provision to be in the range of 2.5% to 3% of GMV | On Track |
Claimed
- Record Q2 GMV of $1.3 billion, up 37.9% year-on-year.
- Total revenue grew 51.7% year-on-year to $149.7 million.
- Adjusted EBITDA reached $58 million, a 38.8% margin.
- Active subscribers increased 76.4% year-over-year to 854,000, with 140,000 net new subscribers added in the quarter.
- Full-year adjusted net income guidance raised to $185 million from $180 million.
Qualified
- Marketing spend increased to $19.4 million in the quarter, a deliberate step-up that will be lower in Q3.
- Revenue yield is expected to step down sequentially for the remainder of 2026, with Q4 being the seasonal low point.
- Provision for credit losses is expected to rise throughout the year, with Q2 showing an increase due to seasonality and new user acquisition.
The full ledger
Open Sezzle Inc.’s full ledger
A free account opens 5 company ledgers a month. All 18 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 6, 2026
Sezzle Q1 FY26 — Strong Growth, Profitability, and Raised Full-Year Guidance
Read the full callDec 2025 (Q4 FY25) — Feb 25, 2026
Sezzle Q4 FY25 — Record Profitability and Strong Growth Amidst Strategic Evolution
Read the full callEvery analysed call
Sezzle earnings calls (SEZL)
Financials
What the filings say
Net profit, year on year: +48% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 70 | 98 | 105 | 99 | 117 | 130 | 136 | 150 |
| Expenses | 49 | 67 | 55 | 63 | 81 | 75 | 67 | 95 |
| Operating profit | 21 | 31 | 50 | 36 | 36 | 55 | 69 | 55 |
| Operating margin | 29.8% | 31.4% | 47.6% | 36.6% | 30.4% | 42.5% | 50.9% | 36.7% |
| Other income | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 |
| Interest | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 3 |
| Profit before tax | 18 | 28 | 47 | 33 | 32 | 52 | 66 | 52 |
| Tax rate | 12.3% | 8.5% | 23.1% | 15.5% | 15.7% | 17.2% | 22.3% | 21.2% |
| Net profit | 15 | 25 | 36 | 28 | 27 | 43 | 51 | 41 |
| EPS ($ per share) | 0.46 | — | 1.07 | 0.82 | 0.78 | — | 1.52 | 1.21 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 189 | 195 |
| Reserves | -52 | -127 | -165 | -158 | -90 | -0 |
| Total liabilities | 114 | 186 | 164 | 191 | 211 | 230 |
| Fixed assets | 0 | 1 | 0 | — | — | — |
| Total assets | 174 | 223 | 173 | 213 | 298 | 400 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | -25 | -72 | 9 | -26 | 131 | 210 |
| Cash from investing | -1 | -1 | -1 | -1 | -91 | -182 |
| Cash from financing | 78 | 63 | -16 | 28 | -10 | -25 |
| Capital expenditure | -0 | -1 | -0 | -0 | -0 | -1 |
| Free cash flow | -25 | -73 | 8 | -26 | 131 | 209 |
SEZL revenue by segment
Subscription Revenue shrank from 64% to 45% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Subscription Revenue | 64% | 51% | 49% | — | 42% | — | 45% | 42% | — |
| Virtual Card Interchanges | — | — | — | — | — | — | — | 20% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
SEZL operating KPIs by quarter
| KPI | 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.
Insider filings
134 filings between Nov 12, 2025 and Sep 21, 2026.
Open market
decisions to buy or sellPurchases
$113.9K
3 purchases by 3 insiders
Sales
$26.81M
94 sales by 7 insiders
79% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 9
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 26
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Paradis Paul | — | $16.66M | Jul 16, 2026 |
| Brading Lee Dickson | — | $6.14M | Jul 16, 2026 |
| Krause Justin | — | $1.73M | May 27, 2026 |
| Sabzivand Amin | — | $1.61M | Jul 1, 2026 |
| Youakim Charles | — | $512.9K | Mar 3, 2026 |
| Brehm Kyle M. | $70.0K | $126.0K | Aug 27, 2026 |
| Hunt Bryan Cecil | $29.0K | — | Sep 18, 2026 |
| Hollis Kerissa | — | $16.6K | Mar 3, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 21, 2026 | Krause Justin SVP FINANCE AND CONTROLLER | Tax withheld | 68 | $7.9K |
| Sep 21, 2026 | Sabzivand Amin Chief Operating Officer | Tax withheld | 342 | $39.9K |
| Sep 18, 2026 | Hunt Bryan Cecil Director | Purchase | 250 | $29.0K |
| Sep 2, 2026 | Youakim Charles Executive Chairman and CEO | Other | 1,508,454 | — |
| Aug 27, 2026 | Brehm Kyle M. Director | Sale | 1,000 | $125.9K |
| Aug 20, 2026 | Khurana Rajeev General Counsel | Purchase | 129 | $15.0K |
| Aug 10, 2026 | Sabzivand Amin Chief Operating Officer | Tax withheld | 6,973 | $822.8K |
| Aug 10, 2026 | Youakim Charles Executive Chairman and CEO | Tax withheld | 6,978 | $823.4K |
| Aug 10, 2026 | Brading Lee Dickson Chief Financial Officer | Tax withheld | 1,405 | $165.8K |
| Aug 10, 2026 | Paradis Paul Director & President | Tax withheld | 7,110 | $839.0K |
| Aug 10, 2026 | Krause Justin SVP FINANCE AND CONTROLLER | Tax withheld | 1,571 | $185.4K |
| Jul 16, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 434 | $84.6K |
| Jul 16, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 1,700 | $329.0K |
| Jul 16, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 400 | $77.8K |
| Jul 16, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 900 | $172.1K |
| Jul 16, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 7,232 | $1.38M |
| Jul 16, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 500 | $96.1K |
| Jul 15, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 600 | $115.7K |
| Jul 15, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 2,362 | $453.2K |
| Jul 15, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 5,283 | $1.01M |
| Jul 15, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 2,326 | $431.2K |
| Jul 15, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 5,000 | $951.5K |
| Jul 15, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 1,104 | $205.8K |
| Jul 15, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 270 | $50.8K |
| Jul 15, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 1,200 | $224.9K |
| Jul 6, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 100 | $18.5K |
| Jul 1, 2026 | Sabzivand Amin Chief Operating Officer | Sale 10b5-1 plan | 3,837 | $689.1K |
| Jul 1, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 714 | $129.4K |
| Jul 1, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 100 | $17.7K |
| Jul 1, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 4,286 | $773.0K |
| Jul 1, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 2,475 | $437.1K |
| Jul 1, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 2,425 | $425.1K |
| Jul 1, 2026 | Sabzivand Amin Chief Operating Officer | Sale 10b5-1 plan | 3,093 | $557.7K |
| Jul 1, 2026 | Sabzivand Amin Chief Operating Officer | Option exercise 10b5-1 plan | 6,930 | $36.2K |
| Jun 26, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 574 | $94.7K |
| Jun 26, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 5,000 | $850.3K |
| Jun 25, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 4,426 | $731.2K |
| Jun 20, 2026 | Sabzivand Amin Chief Operating Officer | Tax withheld | 342 | $55.8K |
| Jun 20, 2026 | Khurana Rajeev General Counsel | Award | 3,500 | $0 |
| Jun 20, 2026 | Krause Justin SVP FINANCE AND CONTROLLER | Tax withheld | 45 | $7.3K |
| Jun 18, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 15,553 | $2.49M |
| Jun 18, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 1,612 | $259.9K |
| Jun 18, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 1,948 | $313.6K |
| Jun 18, 2026 | Brading Lee Dickson Chief Financial Officer | Sale 10b5-1 plan | 1,972 | $316.1K |
| Jun 18, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 190 | $31.2K |
| Jun 18, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 5,806 | $948.9K |
| Jun 18, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 3,239 | $527.2K |
| Jun 12, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 2,180 | $295.6K |
| Jun 12, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 2,900 | $377.9K |
| Jun 12, 2026 | Paradis Paul Director & President | Sale 10b5-1 plan | 7,421 | $998.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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