Sezzle
Provides short-term installment payments with subscriptions and virtual-card access beyond partner checkouts.
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Profile
Provides short-term point-of-sale installment loans, subscriptions and virtual-card payments in the United States and Canada. Revenue comes from merchant processing, consumer and delinquency fees, subscriptions, interchange and partner incentives, while WebBank originates a substantial majority of facilitated loans.
Provides short-term point-of-sale credit and digital payments in the United States and Canada. Pay-in-Four anchors the platform; Pay-in-Two, Pay-in-Full and merchant-specific terms broaden checkout options, while Sezzle Up supports credit building.
Combines integrated merchant checkout with virtual-card access beyond the direct network. Revenue comes from merchant processing and consumer fees, virtual-card interchange, partner incentives, and subscriptions to Sezzle Premium and Sezzle Anywhere. Sezzle On-Demand gives nonsubscribers off-network access for a finance charge.
Maintains a single portfolio of unsecured point-of-sale installment loans, making underwriting and credit losses central to the model. WebBank originates a substantial majority of facilitated loans and exclusively issues card, On-Demand, Pay-in-Four and Pay-in-Two products; operations remain subject to consumer-lending rules in both countries.
Company facts
Categories
Key statistics
Year to date +90.5% · Average volume (30d) 692.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Cowen & Co. | Upgrade | Hold | Buy | ||
| Aug 10, 2026 | TD Cowen | Upgrade | Hold | Buy | ||
| Jul 13, 2026 | Keefe, Bruyette & Woods | Downgrade | Outperform | Market Perform | ||
| Jun 29, 2026 | Oppenheimer | Downgrade | Outperform | Perform | ||
| Jun 25, 2026 | Northland Securities | Target | $160 | $170 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.03 | $1.13 | +9.7% | $135.1M | $149.7M | +10.8% | −33.89% |
| May 6, 2026Q1 FY26 | $1.24 | $1.43 | +15.3% | $129.2M | $135.5M | +4.9% | +16.04% |
| Feb 25, 2026Q4 FY25 | $0.96 | $1.21 | +26.0% | $127.6M | $129.9M | +1.8% | +35.26% |
| Nov 5, 2025Q3 FY25 | $0.65 | $0.71 | +9.2% | $128.3M | $116.8M | −9.0% | −12.47% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $104.9M | $98.7M | $116.8M | $129.9M | $135.5M | $149.7M | |
| Gross profit | $74.5M | $72.8M | $99.4M | $137.6M | $117.0M | $128.9M | |
| Operating income | $49.9M | $36.1M | $35.6M | $55.2M | $69.0M | $55.0M | |
| Net income | $36.2M | $27.6M | $26.7M | $42.7M | $51.3M | $40.8M | |
| Diluted EPS | $1.00 | $0.76 | $0.75 | $1.19 | $1.47 | $1.17 | |
| Gross margin | 71.1% | 73.7% | 85.1% | 106.0% | 86.3% | 86.1% | |
| Operating margin | 47.6% | 36.6% | 30.4% | 42.5% | 50.9% | 36.7% |
Fiscal years (4-quarter sums)FY21 $114.8M · FY22 $125.6M · FY23 $159.4M · FY24 $271.1M · FY25 $450.3M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $84.3M · Total debt $121.8M · Total assets $456.5M · Shareholders' equity $233.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 33.63M · Float 17.04M · 50.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Charles Youakim · director, 10 percent owner, officer: Executive Chairman and CEO | 12.35M | 36.72% | Form 4 | Aug 12, 2026 |
| BlackRock, Inc. | 2.54M | 7.56% | 13F | Aug 7, 2026 |
| Divisadero Street Capital Management, LP | 1.65M | 4.91% | 13F | Aug 14, 2026 |
| Accredited Investors Inc. | 807.4K | 2.40% | 13F | Jul 21, 2026 |
| Vanguard Capital Management LLC | 760.3K | 2.26% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Kyle M. Brehm | director | −1,000 | $125.92 |
| Aug 20, 2026 | Rajeev Khurana | officer: General Counsel | +129 | $115.88 |
| Jul 16, 2026 | Lee Dickson Brading | officer: Chief Financial Officer | −434 | $195.03 |
| Jul 15, 2026 | Lee Dickson Brading | officer: Chief Financial Officer | −9,900 | $188.31 |
| Jul 16, 2026 | Paul Paradis | director, officer: Director & President | −10,732 | $191.10 |
Peers
- Affirm
Largest US BNPL pure-play spanning Pay-in-4 to 60-month installment financing.
- Block
Afterpay's Pay-in-4 BNPL reaches 57M Cash App actives; 38% US market share.
- Klarna
Global BNPL leader; 26% US share and Walmart exclusive via OnePay.
- PayPal
Pay in 4 embedded in PayPal checkout; 32% of US pay-in-4 volume in 2025.
- Shopify
Native BNPL default in Shopify checkout; claimed ~75% of platform BNPL by 2024.
- ZipRecruiter
Australian BNPL operating in US under Zip brand; named 10-K rival.
- Synchrony Financial
Bank-backed BNPL and private-label credit embedded at e-commerce checkout
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sezzle | $124.50 | +0.31% | $4.17B | 27.1 | 20.9 | 7.8 | +51.7% |
| Affirm | $77.40 | −0.37% | $26.04B | 70.7 | 44.6 | 6.6 | +33.0% |
| Block | $83.54 | −0.05% | $49.74B | 149.2 | 18.3 | 2.0 | +9.3% |
| Klarna | $14.33 | +1.06% | $5.36B | — | 106.9 | 1.3 | — |
| PayPal | $53.74 | +0.15% | $45.90B | 10.1 | 9.7 | 1.3 | +4.8% |
| Shopify | $152.40 | −0.33% | $198.41B | 102.6 | 72.8 | 15.0 | +32.0% |
| ZipRecruiter | $4.42 | +0.11% | $381.3M | 12.6 | — | 0.8 | +5.2% |
| Synchrony Financial | $80.54 | +3.19% | $25.40B | 8.0 | 8.2 | 1.3 | −21.1% |
| Median | 41.7 | 31.4 | 1.3 | +7.3% |