Sezzle Inc. reported significant financial growth in its latest quarterly filing, with total revenue reaching $116.8 million for the three months ended September 30, 2025, a 67% increase from $70.0 million in the same period last year. For the nine months ended September 30, 2025, revenue surged to $320.4 million, up 85% from $172.9 million in the prior year. The company achieved a net income of $26.7 million for the third quarter, compared to $15.4 million in the same quarter of 2024, and a net income of $90.4 million for the nine-month period, up from $53.2 million in 2024.
The financial performance reflects a substantial increase in transaction income, which rose by 64% to $59.5 million for the third quarter and by 84% to $169.3 million for the nine months. This growth was driven by higher gross merchandise volume (GMV) and increased consumer fees, which totaled $33.5 million for the third quarter, compared to $14.5 million in the previous year. The company also reported a rise in subscription revenue, which increased by 6.5% for the quarter and 22.6% for the nine months, attributed to a growing base of active subscribers.
Operationally, Sezzle's active consumer count reached 2.97 million as of September 30, 2025, marking a 9% increase from 2.73 million at the end of 2024. Monthly On-Demand Users and Subscribers also grew to 784,000, reflecting a 10% increase. The company has focused on enhancing its product offerings, including the launch of features like Payment Streaks and Sezzle On-Demand, which have contributed to increased consumer engagement and retention.
In terms of strategic developments, Sezzle has maintained a strong liquidity position, with cash and cash equivalents of $104.1 million as of September 30, 2025, up from $73.2 million at the end of 2024. The company also reported an unused borrowing capacity of $32.0 million on its line of credit. Looking ahead, Sezzle anticipates continued growth driven by its expanding product suite and consumer base, although it acknowledges potential risks related to market conditions and regulatory scrutiny in the buy-now, pay-later sector.
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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