Filing Flows › Sezzle (SEZL) › Q4 2025
Sezzle (SEZL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Sezzle (SEZL) reported revenue of $130M for the fourth quarter 2025 (Q4 2025), +32% from a year earlier and +11% from the quarter before. Operating margin was 42.5%, net earnings $42.7M (32.9% of revenue).
Sezzle, Q4 2025: revenue $130M (+32% year over year), operating margin 42.5%, net earnings $42.7M, operating cash flow $70.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $130M | +11% | +32% |
| Operating profit | $55.2M | +55% | +79% |
| Net earnings | $42.7M | +60% | +68% |
| Operating cash flow | $70.6M | +11% | +23% |
| Free cash flow | $70.6M | +11% | +23% |
What changed
Revenue was $129.9M in Q4 2025, up 32% year over year and up 11% from the previous quarter. Income from other sources was the largest line at 28% of revenue.
Operating profit was $55.2M, a 42.5% margin (up 11.1 points year over year). Of the extra revenue versus a year earlier, 77% reached operating profit, above the 31% margin then. Total costs grew 11% against revenue growth of 32%. Net earnings were $42.7M, up 68% year over year. The effective tax rate was 17.2%.
Operating cash flow was $70.6M (up 23% year over year), 165% of net earnings. Non-cash charges added back $389K of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $26.2M. Capital expenditures of $61K left free cash flow of $70.6M.
Questions
What was Sezzle's revenue in the fourth quarter 2025?
Sezzle (SEZL) reported revenue of $130M for the fourth quarter 2025 (Q4 2025), +32% from a year earlier and +11% from the quarter before.
Was Sezzle profitable in the fourth quarter 2025?
Operating profit was $55.2M (42.5% of revenue) and net earnings $42.7M.
Source: Sezzle 10-K on SEC EDGAR.