---
schema_version: "secwatch.filing_event.v1"
accession: "0001662991-26-000014"
form_type: "8-K"
ticker: "SEZL"
cik: "0001662991"
company_name: "Sezzle Inc."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:21:03.692004+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sezzle reports Q4 2025 GMV $1.2B, net income $1.21/share; restates prior cash flow statements

## Summary
- Q4 GMV record $1.2B (+35.3% YoY); revenue $129.9M (+32.2% YoY).
- FY2025 revenue $450.3M (+66.1% YoY); net income $133.1M (+69.5% YoY); adj. net income $128.4M (+96.6% YoY).
- FY2026 guidance: adj. EPS $4.70 (up from $4.35), rev growth 25-30%, adj. net income $170M.
- Monthly On-Demand/Subscribers hit record 918,000; app sessions +51% YoY.
- Non-reliance on prior cash flow stmts due to misclassification of note receivable purchases/repayments; no impact on income or B/S.

## SEC filing metadata
- accession: 0001662991-26-000014
- form_type: 8-K
- ticker: SEZL
- cik: 0001662991
- company_name: Sezzle Inc.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662991/000166299126000014/0001662991-26-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662991/000166299126000014/sezl-20260219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001662991-26-000014
- JSON: https://secwatch.observer/filing/0001662991-26-000014.json
- Plain text: https://secwatch.observer/filing/0001662991-26-000014.txt

## Source-grounded claims
- claim_id: b49cdb739f8968b08be7ae2b1edb50ba430313a2
  claim: Sezzle Inc. reported that prior financial statements should not be relied upon.
  evidence_excerpt: On February 19, 2026, management, after discussion with the Company’s independent registered public accounting firm, Baker Tilly US, LLP, and the Audit Committee of the Company’s Board of Directors, determined that the Restated Consolidated Statements of Cash Flows should no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662991/000166299126000014/0001662991-26-000014-index.htm

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