Filing Flows › Sezzle (SEZL) › Q2 2025
Sezzle (SEZL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Sezzle (SEZL) reported revenue of $98.7M for the second quarter 2025 (Q2 2025), +76% from a year earlier and -6% from the quarter before. Operating margin was 36.6%, net earnings $27.6M (28.0% of revenue).
Sezzle, Q2 2025: revenue $98.7M (+76% year over year), operating margin 36.6%, net earnings $27.6M, operating cash flow −$36.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $98.7M | -6% | +76% |
| Operating profit | $36.1M | -28% | +116% |
| Net earnings | $27.6M | -24% | -7% |
| Operating cash flow | −$36.3M | -162% | — |
What changed
Revenue was $98.7M in Q2 2025, up 76% year over year and down 6% from the previous quarter. Consumer Fees was the largest line at 28% of revenue. Consumer Fees added $17.5M year over year (up 170%), 41% of the total change.
Operating profit was $36.1M, a 36.6% margin (up 6.7 points year over year). Of the extra revenue versus a year earlier, 45% reached operating profit, above the 30% margin then. Total costs grew 59% against revenue growth of 76%. The fastest-growing cost line was Other operating costs (+36%). Net earnings were $27.6M, down 7% year over year. The effective tax rate was 15.5%.
Operating cash flow was −$36.3M. Non-cash charges added back $324K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $65.7M. Capital expenditures of $404K exceeded it, leaving free cash flow of −$36.7M.
Questions
What was Sezzle's revenue in the second quarter 2025?
Sezzle (SEZL) reported revenue of $98.7M for the second quarter 2025 (Q2 2025), +76% from a year earlier and -6% from the quarter before.
Was Sezzle profitable in the second quarter 2025?
Operating profit was $36.1M (36.6% of revenue) and net earnings $27.6M.
Source: Sezzle 10-Q on SEC EDGAR.