{"schema_version":"secwatch.filing_event.v1","accession":"0001662991-22-000039","form_type":"8-K","ticker":"SEZL","cik":"0001662991","company_name":"Sezzle Inc.","filed_at":"2022-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.623118+00:00","generated_at":"2026-06-22T21:42:28.351530+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sezzle reports Q3 net income $4.3M, UMS down 8.5% YoY, new $100M credit facility","bullets":["Net income of US$4.3M in Q3 2022 (vs net loss of US$28.0M in Q1 2022) includes US$11M Zip termination fee.","Total Income grew 6.8% YoY to US$30.4M; UMS declined 8.5% YoY to US$421.5M as company prioritizes profitability.","Provision for uncollectible accounts improved to 1.3% of UMS (lowest since Q2 2020); transaction expense hit record low 2.2% of UMS.","New US$100M receivables funding facility with Bastion extends liquidity into 2024; cash on hand US$58.8M.","Sezzle Premium surpassed 100k active subscribers; company expects annualized $60M in revenue and cost savings from initiatives."],"urls":{"canonical":"https://secwatch.observer/filing/0001662991-22-000039","json":"https://secwatch.observer/filing/0001662991-22-000039.json","markdown":"https://secwatch.observer/filing/0001662991-22-000039.md","text":"https://secwatch.observer/filing/0001662991-22-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1662991/000166299122000039/0001662991-22-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1662991/000166299122000039/szl-20221030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T21:42:28.351530+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6bbbe5f2dcf2f81206dcef725f1f2c461ba88b05","claim":"Sezzle Inc. reported third quarter ended 30 September 2022 (3Q22) results: revenue US$30.4M, net income US$4.3M.","evidence_excerpt":"industry, is pleased to provide the market with an update on key financial metrics for the third quarter ended 30 September 2022 (3Q22).1 • 3Q22 Total Income grew 6.8% YoY to US$30.4M (A$47.3M2), climbing to 7.2% (a new high) of Underlying Merchant Sales (UMS). • As a percentage of UMS, the provision for uncollectible accounts receivable declined 92bps YoY to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1662991/000166299122000039/0001662991-22-000039-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended 30 September 2022 (3Q22)"},{"label":"Revenue","value":"US$30.4M"},{"label":"Net income","value":"US$4.3M"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}