---
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"
generated_at: "2026-06-22T21:42:28.351530+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sezzle reports Q3 net income $4.3M, UMS down 8.5% YoY, new $100M credit facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001662991-22-000039
- JSON: https://secwatch.observer/filing/0001662991-22-000039.json
- Plain text: https://secwatch.observer/filing/0001662991-22-000039.txt

## Key facts
- Earnings Releases
  Sezzle Inc. reported third quarter ended 30 September 2022 (3Q22) results: revenue US$30.4M, net income US$4.3M.
  - Period: third quarter ended 30 September 2022 (3Q22)
  - Revenue: US$30.4M
  - Net income: US$4.3M
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1662991/000166299122000039/0001662991-22-000039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.