Sezzle Inc 2026年季度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for thepast 90 days. Yes☒No☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. The total shares of common stock, par value$0.00001 per share, outstanding at May4, 2026 were 33,627,019. SEZZLE INC. TABLE OF CONTENTS FORWARD-LOOKING STATEMENTS The information in this Quarterly Report on Form 10-Q and the documents incorporated by reference herein (“Form 10-Q”) includes“forward-looking statements” under Section 27A of the Securities Act of 1933, as amended, (the “Securities Act”) and Section 21E ofthe Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of historical fact,regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans andobjectives of management included in this Form 10-Q are forward-looking statements. When used in this Form 10-Q, the words“could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” and similar expressions (or the negative versions of suchwords or expressions) are intended to identify forward-looking statements, although not all forward-looking statements contain suchidentifying words. When considering forward-looking statements, you should keep in mind the risk factors and other cautionarystatements described under the heading “Risk Factors” included in the Company’s Annual Report on Form 10-K for the year endedDecember 31, 2025 (the “2025 Form 10-K”) and in other filings we make with the Securities and Exchange Commission. Theseforward-looking statements are based on our current expectations and assumptions about future events and are based on currentlyavailable information as to the outcome and timing of future events. There is a risk that such predictions, estimates, projections, andother forward-looking statements will not be achieved. Nevertheless, and despite the fact that management’s expectations andestimates are based on assumptions management believes to be reasonable and data management believes to be reliable, our actualresults, performance, or achievements are subject to future risks and uncertainties, any of which could materially affect our actualperformance. Risks and uncertainties that could affect such performance include, but are not limited to:•impact of the “buy-now, pay-later” (“BNPL”) industry becoming subject to increased regulatory scrutiny; •impact of operating in a highly competitive industry;•impact of macro-economic conditions on consumer spending and consumer credit;•our ability to maintain our relationship with our existing merchant base, increase our merchant network and GrossMerchandise Volume (“GMV”);•our ability to retain and increase our consumer base and GMV;•our ability to retain and increase our subscriber base and subscription revenue;•our ability to effectively manage growth, sustain our growth rate and maintain our market share;•our ability to maintain adequate access to capital in order to meet the capital requirements of our business;•the loans facilitated through the Sezzle Platform involve a high degree of financial risk;•our reliance on our originating bank partner to originate a substantial majority of the loans facilitated by the Sezzle Platform;•our reliance on third-party data to assess creditworthiness of consumers;•impact of exposure to consumer bad debts and insolvency of merchants;•our ability to comply with the applicable requirements of Visa and other payment processors;•impact of the integration, support and prominent presentation of our platform by our merchants;•impact of any data security breaches, cyberattacks, employee or other internal misconduct, malware, phishing or ransomware,physical security breaches, natural disasters, or similar disruptions;•impact of key vendors or merchants failing to comply with legal or regulatory requirements or to provide various services thatare important to our operations;•impact of exchange rate fluctuations in the international markets in which we operate;•our ability to protect our intellectual property rights and third party allegations of the misappropriation of intellectual propertyrights;•our ability to retain our existing workforce and recruit additional staff;•impact of the costs