Sezzle's third-quarter net income rose 79% to $47.8 million, or $1.38 per diluted share, and shares gained about 10% in after-hours trading. Revenue grew 42.6% to $166.5 million, outpacing a 34.9% rise in transaction volume to $1.4 billion, while active subscribers climbed 68.1% to 955,000. The provision for credit losses fell to 2.7% of volume from 3.1%, and credit losses, processing fees and interest together rose only 9.8%. Part of the processing savings came from a payment network incentive that may not recur. Management raised its full-year outlook for the fourth time and set a first 2027 adjusted EPS target of $7.20, though older guidance was not recast for a tax treatment change. Investors will watch whether credit losses hold near 2.5% of volume through the holiday quarter, a test that the newer SezzleCash cash advance product will face.
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