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Sezzle SEZL Subscription Revenue — Topic 606

Other product segments

Virtual Card Interchanges
$17.3M

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Other financials

Income statement

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Revenue$149.7M+51.7%
Operating income$55.0M+52.3%
Net income$40.8M+47.7%
EPS (diluted)$1.17+50.0%

Balance sheet

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Cash & equivalents$112.0M-6.6%
Total debt$593.0K-32.9%
Total equity$233.0M+78.7%
Total assets$456.5M+30.2%

Cash flow

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Operating cash flow$52.2M+127%
CapEx$414.0K+2.5%
Free cash flow$51.8M+129%

Valuation

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Market cap$6B+26.6%
Enterprise value$5.89B+27.5%
P/E37.2×-8.1×
P/S11.3×-1.5×

Profitability

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Operating margin40.4%+3.4pp
Net margin30.4%+2.2pp
FCF margin51.6%+6.6pp

Returns & leverage

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Return on equity88.9%-26.9pp
Debt / equity0.0×
Current ratio+0.5×

Where this comes from

Reported directly by Sezzle in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Sezzle’s 10-Q, filed August 7, 2026.

Filed
Aug 6, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001662991-26-000126

We earn revenue from two paid subscription services, Sezzle Premium and Sezzle Anywhere, for a fixed fee paid at the beginning of the subscription period. Sezzle Premium allows consumers to shop at select large, non-integrated premium merchants, along with other benefits. Sezzle Anywhere allows consumers to use their Sezzle Virtual Card at any merchant online or in-store, subject to certain merchant, product, goods, and service restrictions. These performance obligations comprise a series of distinct services that are substantially the same; therefore, such revenue is recognized straight-line over the subscription period. Subscription revenue totaled $35.7 million and $22.6 million for the three months ended June 30, 2026 and 2025, respectively, and $68.9 million and $46.0 million for the six months ended June 30, 2026 and 2025, respectively.

Item 1F. Financial Statements (unaudited)

FAQ

What is Sezzle's subscription revenue — topic 606?
Sezzle (SEZL) reported subscription revenue — topic 606 of $35.7M in Q2 2026.
How has Sezzle's subscription revenue — topic 606 changed year-over-year?
Sezzle's subscription revenue — topic 606 increased by 58.0% year-over-year, from $22.6M to $35.7M.
What is the long-term trend for Sezzle's subscription revenue — topic 606?
Over 3 years (2022 to 2025), Sezzle's subscription revenue — topic 606 has grown at a 166.0% compound annual growth rate (CAGR), from $5.28M to $99.42M.
What does subscription revenue — topic 606 mean?
This metric tracks revenue recognized from subscription services under the ASC 606 accounting standard, which governs revenue from contracts with customers. It reflects the income generated from recurring membership or platform access fees that are distinct from interest or financing charges. Monitoring this metric helps investors evaluate the scalability and adoption of the company's subscription-based business model.

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