Key Highlights

  • Record third-quarter Revenue of USD 166.5 million came in up 42.6% from USD 116.8 million, clearing a consensus of about USD 155.7 million that one published article cited.
  • Diluted GAAP Earnings reached USD 1.38 per share against USD 0.75 twelve months earlier, and the adjusted figure of USD 1.37 beat a consensus that sat near USD 1.29.
  • Management moved the 2026 adjusted EPS forecast into a USD 5.45 to USD 5.50 band from USD 5.25, and previewed 2027 at USD 7.20 on an adjusted basis.
  • Credit provisions shrank to 2.7% of transaction Volume from 3.1%, the full-year goal is roughly 2.5%, and nine-month share repurchases amounted to USD 39.4 million.

Record Revenue Underpins a Fourth Guidance Increase

Sezzle (NASDAQ:SEZL) published third-quarter figures on November 4, 2026, after the market closed. Revenue advanced 42.6% to USD 166.5 million, and Net Income reached USD 47.8 million, a 79.3% increase. Total transaction volume, which took over from gross merchandise volume as the headline measure this quarter, came in at USD 1.4 billion, up 34.9%, while active subscribers climbed 68.1% to 955,000. The 2026 revenue growth view now sits at about 42.5%. Earlier forecasts were 35% in August, a 30% to 35% band in May and 25% to 30% in February, so this marks the fourth upward revision this year. Because the headline volume metric changed this quarter, comparisons with earlier gross merchandise volume figures need care. Investors are testing whether growth can keep outpacing conservative guidance.

Conflicting Share Price Readings and Implied 2027 Growth

Published figures disagree on the stock's reaction. One report had shares rising about 9% to USD 149.21 just after Wednesday's release, while Thursday premarket quotes showed a gain of nearly 30%. Neither number is treated here as a closing price. Adjusted net income guidance was raised to USD 190.0 million. The company states that its preliminary 2027 adjusted EPS of USD 7.20 equates to growth of roughly 31% to 32% above the 2026 range. Nine-month Buybacks totaled USD 39.4 million, compared with USD 34.6 million a year earlier, and the gap between the price readings is a reminder that thin after-hours trading can produce wide quotes.

Credit Quality, Bank Charter Plans and Regulatory Exposure

Sezzle runs a buy now, pay later model that breaks purchases into installments, meaning profit hinges on borrowers repaying in time. A provision rate of 2.7% of volume is encouraging, but the company itself flags consumer defaults, merchant Insolvency and its dependence on an originating bank partner. A national bank charter application and tighter scrutiny of the industry remain open. A stock that jumps this far in one session can also give back its gains. Fourth-quarter provisions, the charter decision and a possible fifth guidance raise are the next markers to watch.

Where Things Stand

The raise came from a record quarter, not a one-off, and the figures back it up. Sezzle (NASDAQ:SEZL) lifted revenue 42.6% to USD 166.5 million, cleared published consensus on revenue and adjusted earnings, and now expects 2026 revenue growth of about 42.5%. Lower Credit costs strengthen the Margin case, yet the Business still depends on repayment and a bank partner. How far the shares moved remains unresolved because reports differ by session. Watch the charter decision, fourth-quarter provisions and the 2027 outlook, and treat the stacked raises as momentum rather than a promise of the same pace.