Filing Flows › Sezzle (SEZL) › Q3 2025
Sezzle (SEZL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Sezzle (SEZL) reported revenue of $117M for the third quarter 2025 (Q3 2025), +67% from a year earlier and +18% from the quarter before. Operating margin was 30.4%, net earnings $26.7M (22.8% of revenue).
Sezzle, Q3 2025: revenue $117M (+67% year over year), operating margin 30.4%, net earnings $26.7M, operating cash flow $33.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $117M | +18% | +67% |
| Operating profit | $35.6M | -1% | +71% |
| Net earnings | $26.7M | -3% | +73% |
| Operating cash flow | $33.1M | — | +480% |
| Free cash flow | $32.9M | — | +478% |
What changed
Revenue was $116.8M in Q3 2025, up 67% year over year and up 18% from the previous quarter. Consumer Fees was the largest line at 29% of revenue. Income from other sources added $22.2M year over year (up 207%), 47% of the total change.
Operating profit was $35.6M, a 30.4% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 30% margin then. Total costs grew 65% against revenue growth of 67%. The fastest-growing cost line was Other operating costs (+45%). Net earnings were $26.7M, up 73% year over year. The effective tax rate was 15.7%.
Operating cash flow was $33.1M (up 480% year over year), 124% of net earnings. Non-cash charges added back $369K of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $3.6M. Capital expenditures of $163K left free cash flow of $32.9M.
Questions
What was Sezzle's revenue in the third quarter 2025?
Sezzle (SEZL) reported revenue of $117M for the third quarter 2025 (Q3 2025), +67% from a year earlier and +18% from the quarter before.
Was Sezzle profitable in the third quarter 2025?
Operating profit was $35.6M (30.4% of revenue) and net earnings $26.7M.
Source: Sezzle 10-Q on SEC EDGAR.