SEZL at a glance
Sezzle Inc. (SEZL, SEC CIK 1662991) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on August 28, 2026 and Form 4 insider filings as recently as September 24, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Sezzle Inc. (SEZL) reported revenue of $235.9 million (up 69.2% from FY2024) and net income of $133.1 million. Diluted EPS was $3.72.
- As of June 30, 2026, 30 institutional investment managers tracked by SignalX reported holding Sezzle Inc. (SEZL) shares worth $1.3 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by Hunt Bryan Cecil on September 18, 2026 of 250 shares at $115.86 per share.
- In the last 90 days, SEZL insiders reported 2 open-market purchases ($44K) and 15 open-market sales ($5.7M) on Form 4, a net sale of $5.7M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $235.9M
- +69.2% vs prior year
- Insiders · 90 days
- 2 buys · 15 sells
- Net −$5.7M
- 13F holders
- 30 funds
- $1.3B · +1 vs prior quarter
- Latest 8-K
- Aug 28, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Digital buy now, pay later payments platform targeting Gen Z and Millennials with flexible installment credit alternatives
- New products/features launched 2024-2025: Payment Streaks loyalty program, pay-in-five installment beta, Sezzle Earn rewards tab, Sezzle Balance stored-value product
- Strategic shift: Exiting India and certain European markets while evaluating potential industrial loan company bank charter to expand regulatory framework
- Employees 201 as of 2025, primarily U.S. and Canada, with extended contractors in Colombia and Mexico, no union representation
- Subscription revenue declined to 22% of total in 2025 from 30% in 2024, merchant revenue share also decreased, highlighting changing revenue mix
Risk Factors
- Regulatory risk from expanded BNPL scrutiny by US CFPB and state regulators with potential new licensing and compliance costs starting 2025
- Macroeconomic risk from consumer credit and spending affected by inflation, unemployment, and recession fears impacting repayment and transaction volume
- Operational risk from dependence on merchant agreements requiring incentive payments, fee discounts, and volume targets which could impair profitability
- Competitive risk from larger financial institutions and fintechs leveraging AI and broad product suites challenging Sezzle’s market share and pricing power
- Financial risk from $225M revolving credit facility dependent on volatile accounts receivable, maturing April 2027, potentially limiting funding capacity
Management Discussion & Analysis
- Revenue $450.3M, up 66.1% YoY from $271.1M; transaction income $234.1M (+59.5%), subscription revenue $99.4M (+20.9%), other income $116.8M (+177.1%)
- Provision for credit losses $89.3M, increased 62.3% YoY, but credit losses as % of revenue slightly declined 19.8% vs 20.3%
- Best performing: transaction income $234.1M with 59.5% growth; worst: affiliate and partner fees expense down 44.2% to $2.9M due to lower GMV on partner platforms
- Operating expenses rise: marketing $32.2M (+230.5%), personnel $54.8M (+5.9%), third-party technology $14.4M (+50.5%)
- No direct cash flow or capital allocation details provided; management highlights ongoing marketing to drive user growth, evolving underwriting may impact future credit losses, macroeconomic risks and regulatory environment remain key uncertainties
AI summary of the SEZL 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $149.683M, up 51.7% YoY from $98.702M
- Revenue from contracts with customers $84.721M, up 62.9% YoY, best-performing revenue category
- Provision for credit losses $30.608M, up 48.3% YoY; 20.4% of revenue vs 20.9%
- GMV $1.279B, up 37.9% YoY, driven by Sezzle Anywhere and Sezzle Premium
- Marketing investment $19.396M, up 121.1% YoY, with benefits expected in future periods
Risk Factors
- No risk-factor text provided; excerpt begins with Annual Report cross-reference
- No newly added risk or stated material change identifiable from supplied text
- Financing update: amended revolving credit and security agreement dated May 7, 2026
- Capital-allocation risk: $72,037,469 remaining under $100 million stock-repurchase authorization
- Governance risk: officers and directors may adopt 10b5-1 or non-Rule 10b5-1 trading arrangements in future
AI summary of the SEZL 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- 2026 Annual Meeting scheduled online for November 19, 2026
- Rule 14a-8 proposals due September 23, 2026 for potential proxy inclusion
Item 1.01: Entry into a Material Definitive Agreement
- WebBank partnership expanded to SezzleCash cash advances and Sezzle Send installment-payment products
- WebBank retains new-product loans, initially capped at $30.0M and potentially increasing to $150.0M
Item 7.01: Regulation FD Disclosure
- Investor presentations may begin August 12, 2026, using Exhibit 99.1 materials
- Presentation provides investor and analyst messaging, subject to SEC filings and future public announcements
Item EX-99.1: Item EX-99.1
- 2Q26 revenue $149.7M, up 51.7% YoY, with net income $40.8M and 27.2% net margin
- Adjusted EBITDA $58.0M, maintaining a 38.8% margin despite rapid growth
AI summaries of SEZL 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for SEZL
Don't miss the next SEZL filing
- Alerts as it files. A push when SEZL files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut SEZL, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Sabzivand Amin | F | Sep 21, 2026 | 342 | $116.55 |
| Krause Justin | F | Sep 21, 2026 | 68 | $116.55 |
| Hunt Bryan Cecil | Buy | Sep 18, 2026 | 250 | $115.86 |
| Youakim Charles | J | Sep 2, 2026 | 1,508,454 | - |
| Brehm Kyle M. | Sell | Aug 27, 2026 | 1,000 | $125.92 |
| Khurana Rajeev | Buy | Aug 20, 2026 | 129.45 | $115.88 |
| Youakim Charles | F | Aug 10, 2026 | 6,978 | $118.00 |
| Paradis Paul | F | Aug 10, 2026 | 7,110 | $118.00 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $139.4M | $235.9M |
| Operating Income | - | $82.2M | $176.8M |
| Net Income | $7.1M | $78.5M | $133.1M |
| Op. Margin | - | 59.0% | 74.9% |
| Net Margin | - | 56.3% | 56.4% |
| Balance Sheet | |||
| Total Assets | $212.6M | $298.4M | $400.2M |
| Equity | - | $87.8M | $169.8M |
| ROE | - | 89.4% | 78.4% |
| Per Share | |||
| EPS | $1.25 | $13.13 | $3.72 |
| Cash Flow | |||
| Operating CF | - | $40.9M | $209.9M |
| CapEx | $82K | $70K | $655K |
Source: XBRL data in Sezzle Inc. (SEZL)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate SEZL share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 30 | $1.29B |
| Q1 2026 | 29 | $448.4M |
| Q4 2025 | 26 | $445.3M |
| Q3 2025 | 29 | $399.4M |
| Q2 2025 | 29 | $996.9M |
| Q1 2025 | 20 | $87.2M |
| Q4 2024 | 17 | $86.9M |
| Q3 2024 | 11 | $23.1M |
- T. Rowe Price Group+250.9K (+66%)
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- Vanguard Portfolio Management LLC+39.7K (+13%)
- State Street Corp+37.6K (+6%)
- Bank of America Corp−54.9K (-17%)
- Goldman Sachs Group−28.9K (-12%)
- Citadel Advisors LLC−26.6K (-85%)
- Millennium Management−14.1K (-23%)
- Invesco Ltd−10.8K (-9%)
- Raymond James Financial+7.6K
- D.E. Shaw & Co+5.0K
- StoneX Group Inc.+1.9K
- Allstate−7.7K
- Mangrove Partners−4.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 191 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
SEZL filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 24, 2026 | - | - | - |
| 4 | Sep 24, 2026 | - | - | - |
| 4 | Sep 22, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 8-K | Aug 28, 2026 | - | Analysis | - |
| 4 | Aug 28, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 8-K | Aug 18, 2026 | - | Analysis | - |
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 8-K | Aug 12, 2026 | - | Analysis | - |
| 4 | Aug 12, 2026 | - | - | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 8-K | Jul 14, 2026 | - | Analysis | - |
| 4 | Jul 8, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jun 29, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
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SEZL SEC filings: frequently asked questions
Are SEZL insiders buying or selling?
In the last 90 days, Sezzle Inc. (SEZL) officers, directors and 10% owners reported 2 open-market purchases worth $43,965 by 2 insiders and 15 open-market sales worth $5.7 million by 3 insiders on Form 4, a net sale of $5.7 million. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold SEZL stock?
As of June 30, 2026, the largest Sezzle Inc. (SEZL) holders among the 13F filers tracked by SignalX were BlackRock ($436.5 million), Vanguard Capital Management LLC ($130.5 million), State Street Corp ($113.3 million), T. Rowe Price Group ($108.4 million), Morgan Stanley ($85.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was SEZL's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Sezzle Inc. (SEZL) reported revenue of $235.9 million (up 69.2% from FY2024) and net income of $133.1 million. Diluted EPS was $3.72. The figures come from the XBRL data in the 10-K.
What are the main risks in SEZL's latest 10-K?
In the 10-K filed February 26, 2026, Sezzle Inc. (SEZL) flagged: Regulatory risk from expanded BNPL scrutiny by US CFPB and state regulators with potential new licensing and compliance costs starting 2025. Macroeconomic risk from consumer credit and spending affected by inflation, unemployment, and recession fears impacting repayment and transaction volume. (AI summary of the Risk Factors section.)
What did SEZL report in its latest 8-K?
Sezzle Inc. (SEZL) filed an 8-K on August 28, 2026 reporting Item 8.01 (Other Events). 2026 Annual Meeting scheduled online for November 19, 2026.
What are the latest SEZL SEC filings?
Sezzle Inc. (SEZL) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on August 28, 2026 and a Form 4 insider filing on September 24, 2026.
What is SEZL's SEC CIK number?
Sezzle Inc. (SEZL)'s SEC Central Index Key (CIK) is 1662991. EDGAR lists every SEZL filing under that number.
Ask anything about SEZL
The research agent reads SEZL's filings, financials, insider trades and 13F holders, then answers with sources.