--- title: "Sezzle | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 149.68 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295176367.md" datetime: "2026-08-07T03:40:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295176367.md) - [en](https://longbridge.com/en/news/295176367.md) - [zh-HK](https://longbridge.com/zh-HK/news/295176367.md) --- # Sezzle | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 149.68 M Revenue: As of FY2026 Q2, the actual value is USD 149.68 M, beating the estimate of USD 135.41 M. EPS: As of FY2026 Q2, the actual value is USD 1.17, beating the estimate of USD 1.024. EBIT: As of FY2026 Q2, the actual value is USD 54.96 M. ### Operational Metrics #### Gross Merchandise Volume (GMV) Sezzle Inc.’s GMV grew 37.9% year-over-year (YoY) to $1.3 billion in Q2 2026. The average purchase frequency reached a company high of 7.2x, up from 6.1x in Q2 2025. #### Total Revenue Total Revenue climbed 51.7% YoY to $149.7 million in Q2 2026, setting a new quarterly high. Total Revenue as a percentage of GMV increased to 11.7% from 10.6% in Q2 2025. #### Active Subscribers Active Subscribers surged 76.4% YoY to 854,000, marking the largest YoY subscriber gain in Sezzle Inc.’s history. Monthly On-Demand & Subscribers (MODS) totaled 982,000 as of June 30, 2026, an increase of 31.3% YoY. #### Total Operating Expenses Total Operating Expenses rose 51.3% YoY to $94.7 million. Operating Expenses held steady at 63.3% of Total Revenue YoY, while rising 0.6 percentage points as a share of GMV to 7.4%. #### Transaction Related Costs Transaction Related Costs totaled $54.6 million, up 42.2% YoY. These costs increased 0.2 percentage points YoY to 4.3% of GMV. The Provision for Credit Losses was 2.4% of GMV. Net Interest Expense declined 12 basis points YoY due to a lower cost of funds. #### Operating Income Operating Income increased 52.3% YoY to $55.0 million. Operating Income remained relatively flat YoY at 36.7% of Total Revenue, and reached 4.3% of GMV, up from 3.9% in Q2 2025. #### Total Revenue Less Transaction Related Costs This metric improved 57.7% YoY to $95.1 million. It represented 63.5% of Total Revenue, up 2.4 percentage points YoY, and 7.4% of GMV, compared to 6.5% in Q2 2025. #### Non-Transaction Related Operating Expenses Non-Transaction Related Operating Expenses increased 56.4% YoY to $43.4 million, driven by a rise in marketing expense to $19.4 million from $8.8 million in Q2 2025. As a percentage of Total Revenue, these expenses rose 0.9 percentage points YoY to 29.0%. Corporate Strategic Project Costs were $0.4 million in the quarter. #### Net Income Net Income jumped 47.7% YoY to $40.8 million. The Net Income Margin declined 0.8 percentage points YoY to 27.2%. #### Adjusted Net Income Adjusted Net Income reached $39.3 million, an increase of 58.4% YoY, and was equal to 26.2% of Total Revenue. #### Adjusted EBITDA Adjusted EBITDA reached $58.0 million, up 51.3% YoY. The Adjusted EBITDA Margin remained largely unchanged YoY at 38.8% of Total Revenue. ### Balance Sheet and Liquidity #### Cash, Cash Equivalents, and Restricted Cash As of June 30, 2026, Sezzle Inc. had $112.0 million in cash, cash equivalents, and restricted cash, with $32.3 million of this amount being restricted. #### Line of Credit Sezzle Inc. had $123.5 million outstanding on its $300.0 million credit facility at quarter-end. A new three-year, $300.0 million receivables funding facility was announced on May 11, 2026, replacing the prior $225.0 million facility and reducing the interest spread by nearly 290 basis points to SOFR plus 3.86%. #### Share Repurchases During Q2 2026, Sezzle Inc. repurchased $3.1 million of common stock, bringing first-half 2026 repurchases to $28.0 million under its $100.0 million share repurchase program. ### Cash Flow (Six Months Ended June 30) #### Operating Activities Cash Flow Net cash provided from operating activities was $141.226 million for the six months ended June 30, 2026, compared to $75.536 million for the same period in 2025. #### Investing Activities Cash Flow Net cash used for investing activities was - $80.260 million for the six months ended June 30, 2026, compared to - $54.342 million for the same period in 2025. #### Financing Activities Cash Flow Net cash used for financing activities was - $51.090 million for the six months ended June 30, 2026, compared to - $809 thousand for the same period in 2025. ### Outlook / Guidance Sezzle Inc. raised its FY2026 guidance, expecting Total Revenue Growth to reach the high end of the prior range at 35%. Adjusted Net Income is projected to increase to $185.0 million from the previous guidance of $180.0 million. Adjusted Net Income per Diluted Share is now guided to $5.25, up from $5.10. ### Related Stocks - [SEZL.US](https://longbridge.com/en/quote/SEZL.US.md) ## Related News & Research - [BUZZ-Sezzle slides as raised outlook fails to meet lofty expectations](https://longbridge.com/en/news/295221202.md) - [These Analysts Revise Their Forecasts On Sezzle After Q2 Results](https://longbridge.com/en/news/295230837.md) - [Focus Financial Network Inc. Buys New Shares in Sezzle Inc. $SEZL](https://longbridge.com/en/news/295502121.md) - [Sezzle unveils updated investor presentation on platform strategy](https://longbridge.com/en/news/295712765.md) - [Sezzle 2Q26 net income rises 47.7% YoY to $40.77 million; revenue climbs 51.7% to $149.68 million](https://longbridge.com/en/news/295137652.md)