SEZL · Sezzle Inc.

Sezzle's 1Q26 results demonstrate robust profitability and consumer engagement in the BNPL sector, with Adjusted EBITDA of $71.1M and a 52.5% margin reflecting efficient cost management and strong revenue less transaction costs at 74% of total revenue. GMV expanded 37.3% year-over-year, supported by 887K Monthly On-Demand & Subscribers including 229K net adds, and purchase frequency rising to 7.1x from 6.1x prior year, signaling deeper platform stickiness. The company raised FY2026 guidance, now targeting 30-35% total revenue growth and $180M Adjusted Net Income (up 40.2% YoY from prior outlook), with per-share metrics at $5.10, underpinned by non-GAAP adjustments for corporate projects. Capital allocation remains aggressive, with $24.8M repurchased in 1Q26 under a $100M program following prior buybacks, and a new $300M credit facility enhancing liquidity. LTM ROE of 92% as of March 31 underscores capital efficiency. These metrics, furnished via Exhibit 99.1, highlight Sezzle's execution amid BNPL market growth projected at 12.6% CAGR to 2030, though forward statements note risks like regulation and competition.