Sezzle Inc. reported significant financial performance for the first quarter of 2026, with total revenue reaching $135.5 million, a 29.2% increase from $104.9 million in the same period of 2025. The company achieved a net income of $51.3 million, compared to $36.2 million a year earlier, resulting in a diluted earnings per share of $1.47, up from $1.00. The growth in revenue was driven by increases in transaction income, subscription revenue, and income from other sources, reflecting the company's expanding consumer base and enhanced product offerings.
In terms of operational metrics, Sezzle reported an increase in active consumers, totaling 3.1 million as of March 31, 2026, up from 3.0 million at the end of 2025. However, the number of monthly On-Demand users and subscribers decreased by 3.3% to approximately 887,918, attributed to seasonal fluctuations in consumer behavior. The company also noted a rise in gross merchandise volume (GMV), which is indicative of increased transaction activity on its platform, further supported by marketing initiatives and new product launches.
Sezzle's strategic developments included the introduction of new features such as Sezzle Mobile, which offers a mobile phone plan integrated within the Sezzle app, and enhancements to existing services aimed at improving consumer engagement. The company continues to focus on expanding its merchant network and enhancing its product suite to drive growth. As of March 31, 2026, Sezzle had a total of 33,627,019 shares outstanding, reflecting its ongoing commitment to shareholder value through stock repurchase programs.
The company’s balance sheet showed total assets of $454.3 million, up from $400.2 million at the end of 2025, with cash and cash equivalents increasing to $120.4 million. Sezzle's allowance for credit losses decreased to $19.8 million, indicating improved credit performance and effective risk management strategies. The company maintains a strong liquidity position, with an unused borrowing capacity of $69 million on its line of credit, which it plans to leverage for future growth initiatives.
Looking ahead, Sezzle anticipates continued growth driven by its expanding consumer base and product offerings, although it remains cautious of potential macroeconomic challenges and regulatory scrutiny in the buy-now, pay-later sector. The company is committed to enhancing its operational efficiencies and maintaining a sustainable business model to support long-term profitability.
About Sezzle Inc.
Sezzle Inc. is a digital payments company specializing in buy-now-pay-later solutions for young, tech-savvy consumers. Its platform offers flexible installment payment options, including pay-in-four and virtual cards, integrated with e-commerce merchants. Focused on financial empowerment and sustainability, Sezzle serves U.S. and Canadian markets, providing merchants with innovative tools to increase sales while promoting responsible consumer credit use.
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