Quarterly ResultMay 7, 2026, 06:08 AM
Sezzle Q1 Revenue Up 29% to $135.5M; Net Income $51.3M
AI Summary
Sezzle Inc. reported strong financial results for the first quarter ended March 31, 2026, with total revenue increasing by 29.2% to $135.5 million and net income rising by 41.9% to $51.3 million. Basic earnings per share grew to $1.52. The company also saw a significant increase in cash and cash equivalents and robust net cash provided from operating activities, alongside a decrease in the allowance for credit losses.
Key Highlights
- Total revenue increased 29.2% to $135.5 million for Q1 2026.
- Net income rose 41.9% to $51.3 million for Q1 2026.
- Basic EPS was $1.52, up from $1.07 in Q1 2025.
- Diluted EPS was $1.47, up from $1.00 in Q1 2025.
- Cash and cash equivalents grew to $120.4 million as of March 31, 2026.
- Net cash provided from operating activities was $89.0 million for Q1 2026.
- Allowance for credit losses decreased to $19.8 million from $28.5 million.
- Repurchased $25.7 million of common stock in Q1 2026.
Price Impact
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