Filing Flows › Sezzle (SEZL) › Q1 2026
Sezzle (SEZL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Sezzle (SEZL) reported revenue of $136M for the first quarter 2026 (Q1 2026), +29% from a year earlier and +4% from the quarter before. Operating margin was 50.9%, net earnings $51.3M (37.9% of revenue).
Sezzle, Q1 2026: revenue $136M (+29% year over year), operating margin 50.9%, net earnings $51.3M, operating cash flow $89.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $136M | +4% | +29% |
| Operating profit | $69.0M | +25% | +38% |
| Net earnings | $51.3M | +20% | +42% |
| Operating cash flow | $89.0M | +26% | +70% |
| Free cash flow | $88.6M | +26% | +69% |
What changed
Revenue was $135.5M in Q1 2026, up 29% year over year and up 4% from the previous quarter. Consumer Fees was the largest line at 28% of revenue. Income from other sources added $13.3M year over year (up 57%), 43% of the total change.
Operating profit was $69.0M, a 50.9% margin (up 3.4 points year over year). Of the extra revenue versus Q1 2025, 62% reached operating profit, above the 48% margin then. Total costs grew 21% against revenue growth of 29%. The fastest-growing cost line was Sales & marketing (+110%). Net earnings were $51.3M, up 42% year over year. The effective tax rate was 22.3%.
Operating cash flow was $89.0M (up 70% year over year), 173% of net earnings. Non-cash charges added back $436K of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $35.9M. Capital expenditures of $351K left free cash flow of $88.6M.
Questions
What was Sezzle's revenue in the first quarter 2026?
Sezzle (SEZL) reported revenue of $136M for the first quarter 2026 (Q1 2026), +29% from a year earlier and +4% from the quarter before.
Was Sezzle profitable in the first quarter 2026?
Operating profit was $69.0M (50.9% of revenue) and net earnings $51.3M.
Source: Sezzle 10-Q on SEC EDGAR.