# EDGAR Filing Document

**Accession Number:** 0001662991
**File Stem:** 0001662991-26-000075
**Filing Date:** 2026-5
**Character Count:** 74368
**Document Hash:** 43fa194735c2a0ef2e10243bf96a9028
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001662991-26-000075.hdr.sgml**: 20260513

**ACCESSION NUMBER**: 0001662991-26-000075

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 57

**CONFORMED PERIOD OF REPORT**: 20260513

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260513

**DATE AS OF CHANGE**: 20260513

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sezzle Inc.
- **CENTRAL INDEX KEY:** 0001662991
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 810971660
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41781
- **FILM NUMBER:** 26973125

**BUSINESS ADDRESS:**
- **STREET 1:** 700 NICOLLET MALL
- **STREET 2:** SUITE 640
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 651-240-6001

**MAIL ADDRESS:**
- **STREET 1:** 700 NICOLLET MALL
- **STREET 2:** SUITE 640
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

?xml version='1.0' encoding='ASCII'? sezl-20260513

---

| | |
|:---|:---|
| **UNITED STATES** | **UNITED STATES** |
| **SECURITIES AND EXCHANGE COMMISSION** | **SECURITIES AND EXCHANGE COMMISSION** |
| | WASHINGTON, D.C. 20549 |
| | **FORM 8-K** |
| | **CURRENT REPORT** |
| **Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** | **Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** |

---

Date of Report (Date of earliest event reported): May 13, 2026

**Sezzle Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-41781** | **81-0971660** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer<br>Identification No.) |

---

**700 Nicollet Mall**

**Suite 640**

**Minneapolis, MN 55402**

(Address of principal executive offices, including zip code)

**+1 (651) 240 6001**

(Registrant's telephone number, including area code)

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

---

| | | |
|:---|:---|:---|
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
| Common Stock, par value $0.00001 per share | SEZL | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

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 revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 7.01. Regulation FD Disclosure**

Beginning May 13, 2026, Sezzle Inc. (the "Company") may commence investor and analyst presentations using the slide presentation which is attached as Exhibit 99.1 to this Current Report on Form 8-K (the "Investor Presentation") and is incorporated herein by reference.

The information contained in the Investor Presentation is summary information that is intended to be considered in the context of the Company's Securities and Exchange Commission ("SEC") filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The Company undertakes no duty or obligation to publicly update or revise the information contained in this report.

The information in this Form 8-K (including Exhibit 99.1 attached hereto) is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing by the Company, under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

**Item 9.01. Financial Statements and Exhibits**

***(d) Exhibits***

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | <u>[Investor Presentation, dated May 13, 2026](sezl-20260513ex9901.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **SEZZLE INC.** | **SEZZLE INC.** |
| Dated: May 13, 2026 | By: | /s/ Justin Krause |
|  |  | Justin Krause |
|  |  | SVP Finance and Controller |

---

## Exhibit 99.1

![](sezl-20260513ex9901001.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 1 Sezzle Overview May 2026

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![](sezl-20260513ex9901002.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 2 Disclaimer Cautionary Note Regarding Forward - Looking Statements This presentation (the "Presentation") contains summary information about the activities of Sezzle as of the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be c omplete and the information in the Presentation remains subject to change without notice. Also, the information in the Presentation should not be relied upon as advice to potential investors or current shareholders. This Presentation has been prepared without taking into account the obje ctives, financial situation or needs of any particular prospective investor or current shareholder. Before making an investment decis ion, prospective investors and current shareholders should consider the appropriateness of the information having regard to thei r own objectives, financial situation and needs and seek appropriate advice, including financial, legal and taxation advice appropr iate to their jurisdiction. The Presentation also includes information regarding our market and industry that is derived from pu blicly available third - party sources that have not been independently verified by Sezzle . This presentation contains forward - looking statements within the meaning of Section 27A of the Securities Act of 1933, as amende d (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act"), including but not limited to forward - looking statements regarding anticipated new products, our ability to gain future market share, our timel ine and intentions relating to operations, our business strategy, our estimated revenues and losses, our prospects, and the p lans and objectives of management. These forward - looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," other words or expressions ofsimilar meaning (or the negative versions of such words or expressions). These forward - looking statements are based on our current expectations and assumptions and on information currently available to us. These forward - looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including but not limited to those set out in this Presentation and: (i) impact of the "buy -now, pay - later" ("BNPL") industry becoming subject to increased regulatory scrutiny; (ii) impact of operating in a highly competitive industry; (iii) impact of macro - economic conditions on consumer spend ing; (iv) our ability to increase our merchant network, our base of consumers, and gross merchandise value (GMV); (v) our abi lity to effectively manage growth, sustain our growth rate and maintain our market share; (vi) our ability to maintain adequate acces s to capital in order to meet the capital requirements of our business; (vii) impact of exposure to consumer bad debts and insol vency of merchants; (viii) our ability to comply with the applicable requirements of Visa and other payment processors; (ix) impact of the integration, support and prominent presentation of our platform by our merchants;(x) impact of any data security breaches, cyberattacks, employee or other internal misconduct, malware, phishing or ransomware, physical security breaches, natural dis asters, or similar disruptions; (xi) impact of key vendors or merchants failing to comply with legal or regulatory requirements or to provide various services that are important to our operations; (xii) our ability to protect our intellectual property rights and third party allegations of the misappropriation of intellectual property rights; (xiii) impact of the costs of complying wit h various laws and regulations applicable to the BNPL industry in the United States and Canada; (xiv) the impact of litigation, regulatory inves tigations and actions, and compliance issues on our business; (xv) significant and sudden declines or volatility in the trading price of our common stock and market capitalization; and (xvi) other factors identified in the "Risk Factors" section of our most recent A nnual Report on Form 10 - K (the "Annual Report") and the Company's subsequent filings filed with the SEC available at www.sec.gov. Except as required by law, we undertake no obligation to update or revise any forward - looking statements contained in this Prese ntation or oral forward - looking statements made in connection with this Presentation to reflect events or circumstances after th e date of this Presentation. This Presentation has been prepared in good faith, but no representation or warranty, express or implied, is made as to the f airness, accuracy, completeness, correctness, reliability or adequacy of any statements, estimates, opinions or other informatio n, or the reasonableness of any assumption or other statement, contained in the Presentation (any of which may change without notice). All financial figures are expressed in U.S. dollars unless otherwise stated. In addition to financial measures presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"), t his Presentation includes certain financial information, including Gross Merchandise Volume ("GMV", formerly known as Underlying Merchant Sales, or UMS), Monthly On - Demand & Subscribers ("MODS"), and Active Subscribers, which has been provided as supplement al measures of operating performance that are key metrics used by management to assess Sezzle's growth and operating performance. For example, GMV is an operating metric in assessing the volume of transactions that take place on the Sezzle Platform, which is an indicator of the success of our merchants and the strength of the Sezzle Platform and MODS is a monthly metric that captures unique users of the On - Demand product and subscribers enrolled in Anywhere and Premium products. Sezzle also use these operating metrics in order to evaluate the effectiveness of our business strategies, to make budgeting decisio ns, and to compare our performance against that of other peer companies using similar measures. GMV, MODS, and Active Subscribers do not represent revenue earned by Sezzle , are not components of Sezzle's income or included within Sezzle's financial results prepared in accordance with GAAP. The GMV, MODS, and Active Subscribers financial measures used by Sezzle may differ from the non - U.S. GAAP financial measures used by other companies. No Offer or Solicitation This report shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be a ny sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or q ualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act or pursuant to another available exemption. WebBank Loans are originated by Sezzle and third party lenders, including WebBank. Refer to your loan agreement for lender information. All loans are subject to cre dit approval. Pay Later: For example, for a $300 loan, $75 down payment + $7.49 service fee today, then 3 payments of $75 every 2 weeks. 45.0% APR. Service fees vary by loan amount. Paid subscription may be required. Pay Monthly: For example, a $1,000 loan over 6 months would result in 6 monthly payments of $166.67 at 0.00% APR, $178.90 at 24.99% APR, or $184.29 at 35.99% APR. Minimum purchase amount and down payment may be required.

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![](sezl-20260513ex9901003.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 3 Sezzle at a Glance

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![](sezl-20260513ex9901004.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 4 10 Years of Sezzle Jan 2016 Sezzle Founded Nov 2020 Jun 2022 Launch of Premium Subscription Launch of Credit Reporting 1st Quarter of Profitability Initiatives Announced in Mar '22 Sep 2022 Jun 2023 Nasdaq Listing 3 Launch of Anywhere Subscription Aug 2023 Sep 2024 Mar 2025 Dec 2025 Launch of WebBank Partnership & On - Demand Announced 6 - for - 1 Stock Split & $50M Repurchase Program 4 Announced $100M Repurchase Program 5 Jul 2019 Australian Stock Exchange IPO Aug 2017 Sezzle Launches Pay - in- 4 As Awarded by: World's Top Fintech Companies America's Best Companies Best BNPL App for Credit Building Top 5 BNPL Apps America's Growth Leaders Best Companies to Work for Best for Building Credit Best Mid -Cap Companies 4.9/5 4.5/5Apple Store Google Play Since Inception 1 +$14B Gross Merchandise Volume +19M Completed Sign - Ups App Store Ratings 2 1 Since Inception figures are rounded to the nearest billion and million, respectively. 2 App ratings as of March 2, 2026. 3 Sezzle officially delisted from the Australian Securities Exchange (ASX) on January 16, 2024. 4 On March 10, 2025, the Board of Directors authorized a stock repurchase program to repurchase up to $50 million of our outstanding shares. This program commenced April 7, 2025 and expired December 4, 2025. Separate from the $50 million repurchase program, Sezzle previously completed $20.0 million in stock repurchases as of July 9, 2024, under plans announced on December 22, 2023 ($5.0 million) and June 20, 2024 ($15.0 million). 5 During 1Q26, the Company repurchased $24.8 million of common stock under its $100.0 million share repurchase program. May 2026 New $300M Credit Facility

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![](sezl-20260513ex9901005.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 5 1 Adjusted EBITDA is a non - GAAP financial measure. For a reconciliation of Adjusted EBITDA, see Appendix V. 2 Total Revenue Less Transaction Related Costs is a non - GAAP financial measure. For a reconciliation of Operating Income and Total Revenue Less Transaction Related Costs, see Appendix II. 3 Return on Equity is calculated as Net Income over the last twelve months divided by average shareholders' equity during the s ame period. 4 Adjusted Net Income is a non - GAAP financial measure. For a reconciliation of Net Income and Adjusted Net Income see Appendix IV. FY2026 Non - GAAP adjusted fin ancial guidance reflects add - backs for estimated FY2026 expenses associated with Corporate Strategic Projects. 5 As of March 31, 2026. Monthly On - Demand & Subscribers (MODS) defined as the combined total of Active Subscribers and Monthly On - Demand users. Monthly On - Demand users are unique users that have made at least one purchase through On - Demand during the month. MODS rounded to the nearest thousand. 1Q26 Snapshot 1Q26 Results FY2026 Updated Guidance Total Revenue Less Transaction Related Costs 2 as a % of Total Revenue 74.0 % Last Twelve Months (LTM) Return on Equity 3 92.0 % 29.2 %Total Revenue Growth (YoY) $51.3M 37.9%Net Income Margin Net Income 37.3 %GMV Growth (YoY) 887 KMonthly On -Demand & Subscribers (MODS) 5 YoY Net New MODS in 1Q26 229K Average Quarterly Purchase Frequency 1Q25 Average Quarterly Purchase Frequency 7.1x 6.1x $71.1MAdjusted EBITDA 1 Adjusted EBITDA Margin 52.5% 1Q26 Consumer Engagement Highlights Feb Guidance May Guidance Total Revenue Growth 25 % – 30 % 30 % – 35 % Adjusted Net Income Per Diluted Share 4 $4.70 30.9% YoY $5.10 42.1% YoY Adjusted Net Income 4 $170.0 M 32.4% YoY $180.0 M 40.2% YoY

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![](sezl-20260513ex9901006.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 6 The Markets We Serve

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![](sezl-20260513ex9901007.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 7 The Nascent and Growing BNPL Market Source: Worldpay, The Global Payments Report 2026. Significant Opportunity for Market Growth in North America BNPL E -Commerce Market Penetration North America vs. Mature Markets in 2025 North America E - Commerce Payment Mix % share of transaction value BNPL is becoming more prevalent within Digital Wallets, which are now extending from E -Commerce checkout into the physical point of sale BNPL is the fastest - growing share category within North American E - Commerce ~$288B~$156B 2025 North America E -Com. BNPL value 2030 North America E -Com. BNPL value (forecast) 39% 44% 33% 30% 15% 13% 6% 8% 2025 2030 Forecast Digital Wallets Credit Cards Debit Cards A2A Others BNPL +12.6% CAGR +9.3% CAGR $2.6T $3.6T North America E - Commerce BNPL Value BNPL is "completely woven into the fabric of digital wallets" 18%6% 25% 19% 19% 13%

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![](sezl-20260513ex9901008.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 8 BNPL Outpacing the Payments Market Product Type CAGR Growth Rate from 2019 to 2025 CAGR Growth Rate from 2025 to 2030 BNPL 61.0% 12.6% Credit Card 11.5% 4.3% Debit Card 14.3% 3.3% North America E -Commerce Market 17.4% 6.3% Total North America E -Commerce Market BNPL North America E -Commerce Market Share Market Share 2025 2030 Forecast % of North America 6% 8% Source: Worldpay, The Global Payments Report 2026.

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![](sezl-20260513ex9901009.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 9 678 688 702 721 752 18-2930-3940-4950-5960+ U.S. Consumer Credit Market Snapshot Younger generations struggle with below average credit scores Average FICO by Age 3 56% Adults who are either credit invisible or unscoreable 1 1 Credit invisible are those with no mainstream credit profile at the credit bureaus; unscoreable are those with some information in their mainstream credit file, but not enough to generate a conventional score. Federal Reserve, Consumer & Community Context (Oct 2025). 2 U.S. News & World Report (Data as of December 2025). 3 NerdWallet Average Credit Score By Age (Data as of April 2025). 4 Experian (Data as of September 2025). 32M of Americans prefer debit for daily purchases 2 U.S. Avg: 715 15% 15% 20% 27% 23% Poor 300-579 Fair 580-669 Good 670-739 Very 740-799 Exceptional 800-850 U.S. FICO Score Distribution 4 of Gen Z consumers have never used a credit card 2 20%

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![](sezl-20260513ex9901010.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 10 A Dual - Sided Value Engine 1 2023 PYMNTS series entitled "The Credit Accessibility Series" in collaboration with Sezzle. 2 2023 The Total Economics Impact of Sezzle, Forrester Research, Inc. 3 As of December 31, 2025. Earn Tab • Price Comparison • Sezzle Mobile Price Comparison • Agentic Commerce • And More! In- App Engagement Driven by Personalized Shopping & Financial Tools Consumer Profile & Benefits 1 40% of BNPL Users Would Leave Carts Without BNPL Offered at Checkout 81% of Sezzle Consumers are Gen Z and Millennials 1/3 of BNPL Users Reported Increased Credit Score 3 Merchant Profile & Benefits 2 < 6 months Payback Period Up to 57% Average Order Value Lift 110% Return on Investment (ROI) Product MarketplaceIn- App Placement Providing hyper -personalized merchant and product recommendations Maximizing engagement & driving additional sales for merchant partners Why Consumers Use Sezzle Why Merchants Use Sezzle We are seeing Sezzle guests come back more often – knowing they have that flexibility, they shop more . " "

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![](sezl-20260513ex9901011.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 11 Robust & Expanding Product Ecosystem

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![](sezl-20260513ex9901012.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 12 Pay - in- Full Comprehensive Suite of Payment Options Pay - in- 51 Pay - in- 4 1 Pay - in- 21 Long - Term 2 Offering a full suite of payment options , allowing consumers to choose based on their schedule and needs 25% 25%25% 25% $25 Time of purchase $25 Week 2 $25 Week 4 $25 Week 6 Example: $100 Purchase 1Originated by Sezzle and third party lenders, including WebBank. 2 Length of loan and APR vary by user and merchant offering and are determined by Sezzle's long - term lending partner. Loan origination is subject to applicable licensing requirements.

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![](sezl-20260513ex9901013.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 13 Launched in 2Q22 Launched in 2Q23Initial Business Model Launched in 4Q24 Direct & Virtual Card Integration Offers comprehensive suite of payment options, enabling consumers to choose based on their schedule and needs Monthly On -Demand & Subscribers Expanding Our Ecosystem 1 Monthly On - Demand & Subscribers (MODS) defined as the combined total of Active Subscribers and Monthly On - Demand users. Monthly On - Demand users are unique users that have made at least one purchase through On - Demand during the month. 2 Service Fee (Finance Charge). Integrated Built into merchant payment options Non - Integrated Subscription and one -time fee solutions for consumers to utilize Sezzle where not built into merchant payment options On - Demand Pay Later anywhere Visa is accepted, with a one -time service fee2 at the point of purchase Anywhere Subscription Pay Later anywhere Visa is accepted including all Premium benefits Premium Subscription Access to 350+ premium merchants through Affiliate & Gift Card platform partners MODS 1

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![](sezl-20260513ex9901014.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 14 Prioritize Subscription over On -Demand 481,000 484,000 568,000 670,000 714,000 177,000 264,000 216,000 248,000 173,000 658,000 748,000 784,000 918,000 887,000 1Q25 2Q25 3Q25 4Q25 1Q26 Active Subscribers Monthly On-Demand Users Strategic Pivot to Subscribers , Yielding Higher - Value Engagement 1 Frequency defined as average Sezzle orders per active Anywhere subscriber for 1Q26. Represents the 90 - day frequency at the 90 th percentile. 2 Orders placed during 1Q26. 3 Monthly On - Demand & Subscribers (MODS) defined as the combined total of Active Subscribers and Monthly On - Demand users. Monthly On - Demand users are unique users that have made at least one purchase th rough On - Demand during the month. MODS rounded to the nearest thousand. More Orders from Subscribers vs. Non - Subscribers on Average 9 Net New Subscribers in 1Q26 44K In- store Orders as % of Total Anywhere Orders 2 37% Top 10% Anywhere Subscribers 90 - days Frequency 1 >35 X On - Demand Deliberate shift back to Subscriber acquisition to concentrate on higher lifetime value consumers Subscription +48.4% YoY growth driven by targeted acquisition and expanded benefits MODS 3

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![](sezl-20260513ex9901015.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 15 Helping Consumers Build Credit History through Sezzle Up The first BNPL platform in North America to offer credit reporting optionality through short- term installments in the U.S. & Canada Higher Order count per Sezzle Up Consumer versus non -Sezzle Up Consumer Lower 2nd payment failure rate for average Sezzle Up Consumer versus non -Sezzle Up Consumer Files Sezzle Up Consumer purchase activities to all major credit bureaus in the U.S.

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![](sezl-20260513ex9901016.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 16 Pay - in- 5 Enhanced Long - Term Lending 1 Expanding long - term lending 3 capabilities across the entire BNPL product suite Virtual Card in Canada 1 First closed - end BNPL virtual card in Canada, live with select integrated merchants including JD Sports & SoftMoc Delivering More for Consumers Expanded short - term installment optionality to meet evolving consumer preferences Sezzle Mobile Plan 1 On AT&T's network, offering a competitively priced unlimited wireless plan starting at $29.99 2 1 Launched in 2Q26. 2 $29.99 starting price applies to Sezzle Anywhere members; rates may vary. 3 Length of loan and APR vary by user and merchant offering and are determined by Sezzle's long - term lending partner. Loan origination is subject to applicable licensing requirements.

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![](sezl-20260513ex9901017.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 17 01 Financial Tools 02 Shopping & Engagement features Pay - in- 4 • Pay - in- 5 • Pay - in- 2 • Pay - in- Full • Long - Term Lending • On - Demand • Anywhere Premium • Sezzle Balance • Sezzle Up Earn Tab • Price Comparison • Product Marketplace • Care Benefits & Insurance • Browser Extension Sezzle Mobile • Product Insurance We're Building an All- in-One Services Platform Post - Purchase Split Program Product Roadmap Deposit Accounts Debit & Secured Credit Cards Agentic Commerce (beta) Receipt Scanning & Rewards (beta)Sezzle Mobile Launched in Apr 2026 Enhanced Long - Term Lending 1 Launched in May 2026 Product Roadmap 1 Length of loan and APR vary by user and merchant offering and are determined by Sezzle's long - term lending partner. Loan origination is subject to applicable licensing requirements.

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![](sezl-20260513ex9901018.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 18 Growing Profitably Through Strong Execution

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![](sezl-20260513ex9901019.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 19 AI Support Chatbot Resolving 60 – 70% of chats without escalation AI- Driven Efficiency at Scale From underwriting to support, proprietary AI is driving operating leverage while enhancing the consumer experience AI Shopping Assistant (beta) Driving stronger click - to- order conversion Internal AI Initiatives AI Chargeback Agent Faster review time, higher throughput Leveraging AI Coding Assistants Across Engineering Faster builds, shorter development cycles, rapid prototyping Sezzle Intelligence Assistant (SIA) In- house BI & data intelligence platform for faster insights, deeper visibility Support AutoQA Tool Automated ticket scoring for compliance and retention insights Sezzle Forge Centralized company knowledge hub powering faster decision - making Sezzle Codebox Proprietary platform democratizing development across the organization Consumer - Facing AI Features

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![](sezl-20260513ex9901020.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 20 +55 % BNPL conversion within 30 days of first Earn Tab activity 4.8 M Earn Tab visits since launch in June 2025 Accelerating Growth with Efficient Acquisition & Stronger Retention <6 months Marketing Payback Period $5.3 $8.8 $8.8 $9.3 $11.2 1Q25 2Q25 3Q25 4Q25 1Q26 Marketing Spend Acquisition Digital Ads · In - App Incentives · Checkout Cross - Sell Subscribers deliver higher LTV & stronger returns on marketing spend Retention & Engagement Earn Tab · Gamification · Sweepstakes In less than a year, the Earn Tab has become a daily engagement hub that keeps Sezzle top of wallet and drives purchase frequency +48.4 % YoY Growth in Active Subscribers 1 Marketing Spend corresponds to the Marketing, Advertising, and Tradeshows line item presented in the Company's Consolidated Statements of Operations and Comprehensive Income (unaudited). Marketing Spend ($ in millions) 1

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![](sezl-20260513ex9901021.jpg)

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![](sezl-20260513ex9901022.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 22 LTM 1Q25 LTM 1Q26 59.0% 60.0% 61.0% 62.0% 63.0% 64.0% 0.0% 1.0% 2.0% 3.0% 4.0% To ta l R ev en u e Le ss T ra n sa ct io n R el at ed C o st s 1 as a % o f To ta l R ev en u e Provision for Credit Losses as a % of GMV Superior Unit Economics Driven by Portfolio Velocity Type of Loan Std. Loan Tenor Sezzle 42 days Lease -to-Own 12+ months Personal Loans (e.g. home improvement) 12-84 months Auto Loan ~70 months Home Equity Line of Credit (HELOC) 10-15 years Home Mortgage 15-30 years 1 Total Revenue Less Transaction Related Costs is a non - GAAP financial measure. For a reconciliation of Operating Income and Total Revenue Less Transaction Related Costs, see Appendix II. Table source: PYMNTS, Wells Fargo, U.S. Bank, Experian, Citizens Bank, SoFi The short duration product results in quick portfolio turnover, with repayment trends evident after 14 days 3.5 point margin expansion & $1.4B GMV increase

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![](sezl-20260513ex9901023.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 23 1Q25 1Q26 YoY Change Total Revenue $104.9M $135.5M +29.2% Net Income $36.2M $51.3M +41.9% Adjusted Net Income 1 $35.3M $50.0M +41.5% Adjusted EBITDA Margin 2 49.0% 52.5% +3.5 Pts Total Revenue Less Transaction Related Costs 3 as a % of Total Revenue 70.4% 74.0% +3.6 Pts Non - Transaction Related Operating Expenses 4 as a % of Total Revenue 25.6% 25.3% - 0.3 Pts YoY Progression Overview 1 Adjusted Net Income is a non - GAAP financial measure. For a reconciliation of Net Income and Adjusted Net Income, see Appendix IV . Adjusted prior periods to include the windfall/shortfall to income tax expense for equity - based compensation and corporate strategic project costs. 2 Adjusted EBITDA Margin is a non - GAAP financial measure equal to non - GAAP Adjusted EBITDA divided by Total Revenue. For a reconci liation of Net Income to non - GAAP Adjusted EBITDA, see Appendix V. Adjusted prior periods to include corporate strategic project costs. 3 Total Revenue Less Transaction Related Costs is a non - GAAP financial measure. For a reconciliation of Operating Income and Total Revenue Less Transaction Related Costs, see Appendix II. 4 Non - Transaction Related Operating Expenses is a non - GAAP financial measure and is equal to Personnel, Third - Party Technology and Data, Marketing, Advertising, and Tradeshows, and General and Administrative Operating Expenses. See Appendix III for reconciliation of Non - Transaction Relate d Operating Expenses and respective definitions.

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![](sezl-20260513ex9901024.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 24 YoY Engagement Metrics Unique Merchants 3 Shopped at by Consumers +143k YoY Active 2 Consumers +13.6% YoY Number of Transactions 3 +35.8% YoY Monthly On - Demand & Subscribers (MODS) 1 +229k YoY Quarterly Purchase Frequency (Average) +1.0x YoY Repeat Usage as a % of Total Orders (Cumulative) +80 Bps YoY 887,000 658,000 1Q26 1Q25 489,000 346,000 1Q26 1Q25 7.1x 6.1x 1Q26 1Q25 97.0% 96.2% 1Q26 1Q25 9,928,000 7,312,000 1Q26 1Q25 3,105,000 2,734,000 1Q26 1Q25 1 Monthly On - Demand & Subscribers (MODS) defined as the combined total of Active Subscribers and Monthly On - Demand users. Monthly On - Demand users are unique users that have made at least one purchase through On - Demand during the month. MODS rounded to the nearest thousand. 2 Active is defined as having had at least one transaction through the Sezzle platform in the last twelve months, not subject to a minimum required number of transactions criteria (Consumers rounded to nearest thousand). 3 Unique Merchants and Number of Transactions are rounded to the nearest thousand.

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![](sezl-20260513ex9901025.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 25 Last Twelve Months (LTM) QoQ Engagement Metrics Unique Merchants 2 Shopped at by Consumers +26k QoQ Active 1 Consumers +1.8% QoQ Quarterly Purchase Frequency (Average) +0.5x QoQ 7.1x 6.6x 6.5x 6.1x 1Q264Q253Q252Q25 489,000 463,000 474,000 412,000 1Q264Q253Q252Q25 3,105,000 3,049,000 2,971,000 2,860,000 1Q264Q253Q252Q25 1 Active is defined as having had at least one transaction through the Sezzle platform in the last twelve months, not subject t o a minimum required number of transactions criteria (Consumers rounded to nearest thousand). 2 Unique Merchants are rounded to the nearest thousand.

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![](sezl-20260513ex9901026.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 26 $808.7 $927.0 $1,047.3 $1,157.5 $1,110.4 1Q25 2Q25 3Q25 4Q25 1Q26 GMV ($ in millions) +37.3% YoY Gross Merchandise Volume (GMV) & Total Revenue Gross Merchandise Volume (GMV) Total Revenue $104.9 $98.7 $116.8 $129.9 $135.5 13.0% 10.6% 11.2% 11.2% 12.2% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% $0.0 $100.0 $200.0 $300.0 $400.0 $500.0 $600.0 $700.0 $800.0 1Q25 2Q25 3Q25 4Q25 1Q26 Total Revenue ($ in millions) % of GMV $1,807.8 $1,743.4 $1,824.3 $2,540.2 $3,940.4 2021 2022 2023 2024 2025 GMV ($ in millions) $114.8 $125.6 $159.4 $271.1 $450.3 6.4% 7.2% 8.7% 10.7% 11.4% 2021 2022 2023 2024 2025 Total Revenue ($ in millions) % of GMV

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![](sezl-20260513ex9901027.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 27 Transaction Related Costs 1 1 Transaction Related Costs is a non - GAAP financial measure that represents the combined total of Transaction Expense, Provision f or Credit Losses, and Net Interest Expense. For a reconciliation of Transaction Related Costs, see Appendix I. As a % of Total Revenue As a % of GMV $31.0 $38.4 $53.5 $46.3 $35.2 29.6% 38.9% 45.8% 35.7% 26.0% (100.0%) (50.0%) 0.0% 50.0% 100.0% $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 1Q25 2Q25 3Q25 4Q25 1Q26 Transaction Related Costs ($ in millions) % of Total Revenue $31.0 $38.4 $53.5 $46.3 $35.2 3.8% 4.1% 5.1% 4.0% 3.2% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 1Q25 2Q25 3Q25 4Q25 1Q26 Transaction Related Costs ($ in millions) % of GMV $101.4 $78.8 $78.4 $120.1 $169.3 5.6% 4.5% 4.3% 4.7% 4.3% 2021 2022 2023 2024 2025 Transaction Related Costs ($ in millions) % of GMV $101.4 $78.8 $78.4 $120.1 $169.3 88.3% 62.8% 49.2% 44.3% 37.6% 2021 2022 2023 2024 2025 Transaction Related Costs ($ in millions) % of Total Revenue

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![](sezl-20260513ex9901028.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 28 Transaction Related Costs 1 $12.8 $20.6 $32.2 $23.7 $13.7 1.6% 2.2% 3.1% 2.0% 1.2% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 1Q25 2Q25 3Q25 4Q25 1Q26 Provision for Credit Losses ($ in millions) % of GMV Provision for Credit Losses FY2026 guidance of 2.5% -3.0% 1 Transaction Related Costs is a non - GAAP financial measure that represents the combined total of Transaction Expense, Provision f or Credit Losses, and Net Interest Expense. For a reconciliation of Transaction Related Costs, see Appendix I. Transaction Expense Net Interest Expense $15.3 $14.2 $17.4 $19.0 $18.5 1.9% 1.5% 1.7% 1.6% 1.7% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 1Q25 2Q25 3Q25 4Q25 1Q26 Transaction Expense ($ in millions) % of GMV $2.9 $3.5 $3.9 $3.7 $3.0 0.4% 0.4% 0.4% 0.3% 0.3% (1.0%) (0.5%) 0.0% 0.5% 1.0% 1.5% $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 1Q25 2Q25 3Q25 4Q25 1Q26 Net Interest Expense ($ in millions) % of GMV $43.5 $40.8 $39.2 $51.4 $66.0 2.4% 2.3% 2.1% 2.0% 1.7% 2021 2022 2023 2024 2025 Transaction Expense ($ in millions) % of GMV $52.6 $29.4 $23.2 $55.0 $89.3 2.9% 1.7% 1.3% 2.2% 2.3% 2021 2022 2023 2024 2025 Provision for Credit Losses ($ in millions) % of GMV $5.3 $8.6 $16.0 $13.8 $14.0 0.3% 0.5% 0.9% 0.5% 0.4% 2021 2022 2023 2024 2025 Net Interest Expense ($ in millions) % of GMV

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![](sezl-20260513ex9901029.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 29 $73.9 $60.3 $63.3 $83.5 $100.3 9.1% 6.5% 6.0% 7.2% 9.0% 1Q25 2Q25 3Q25 4Q25 1Q26 Total Revenue Less Transaction Related Costs ($ in millions) % of GMV Total Revenue Less Transaction Related Costs 1 As a % of Total Revenue As a % of GMV $13.4 $47.1 $81.0 $151.0 $281.0 0.7% 2.7% 4.4% 5.9% 7.1% 2021 2022 2023 2024 2025 Total Revenue Less Transaction Related Costs ($ in millions) % of GMV $13.4 $47.1 $81.0 $151.0 $281.0 11.7% 37.5% 50.8% 55.7% 62.4% 2021 2022 2023 2024 2025 Total Revenue Less Transaction Related Costs ($ in millions) % of Total Revenue $73.9 $60.3 $63.3 $83.5 $100.3 70.4% 61.1% 54.2% 64.3% 74.0% 1Q25 2Q25 3Q25 4Q25 1Q26 Total Revenue Less Transaction Related Costs ($ in millions) % of Total Revenue 1 Total Revenue Less Transaction Related Costs is a non - GAAP financial measure. For a reconciliation of Operating Income to Total Revenue Less Transaction Related Costs see Appendix II.

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![](sezl-20260513ex9901030.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 30 $26.9 $27.7 $31.6 $32.0 $34.3 25.6% 28.1% 27.1% 24.6% 25.3% 1Q25 2Q25 3Q25 4Q25 1Q26 Non-Transaction Related Operating Expenses ($ in millions) % of Total Revenue $0.0M $0.4M $1.3M $1.3M $0.3M Non - Transaction Related Operating Expenses 1 % of Total Revenue Banking Charter Application Capital Markets Exploration (Completed in 4Q25) Antitrust Litigation Corporate Strategic Project Costs Included in Non - Transaction Related Operating Expenses: $87.4 $94.8 $74.8 $82.5 $118.2 76.1% 75.5% 46.9% 30.4% 26.3% 2021 2022 2023 2024 2025 Non-Transaction Related Operating Expenses ($ in millions) % of Total Revenue - - - $0.3M $3.1M Corporate Strategic Projects Costs ($ in millions) Corporate Strategic Projects Costs ($ in millions) 1 Non - Transaction Related Operating Expenses is a non - GAAP financial measure and is equal to Personnel, Third - Party Technology and Data, Marketing, Advertising, and Tradeshows, and General and Administrative Operating Expenses. See Appendix III for reconciliation of Operating Expenses to Non - Transaction Rela ted Operating Expenses and respective definitions.

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![](sezl-20260513ex9901031.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 31 Net Income Adjustments Adjusted Net Income 1 Net Income & Adjusted Net Income ($75.2) ($38.1) $7.1 $78.5 $133.1 (65.5%) (30.3%) 4.5% 29.0% 29.6% 2021 2022 2023 2024 2025 Net Income ($ in millions) % of Total Revenue $2.0 ($3.1) ($1.5) ($13.2) ($4.7) 2021 2022 2023 2024 2025 Adjustments ($ in millions) ($73.1) ($41.2) $5.6 $65.3 $128.4 (63.7%) (32.8%) 3.5% 24.1% 28.5% 2021 2022 2023 2024 2025 Adjusted Net Income ($ in millions) % of Total Revenue $36.2 $27.6 $26.7 $42.7 $51.3 34.5% 28.0% 22.8% 32.9% 37.9% 1Q25 2Q25 3Q25 4Q25 1Q26 Net Income ($ in millions) % of Total Revenue $35.3 $24.8 $25.4 $42.8 $50.0 33.7% 25.1% 21.8% 33.0% 36.9% 1Q25 2Q25 3Q25 4Q25 1Q26 Adjusted Net Income ($ in millions) % of Total Revenue ($0.8) ($2.8) ($1.2) $0.1 ($1.3) 1Q25 2Q25 3Q25 4Q25 1Q26 Adjustments ($ in millions) 1 Adjusted Net Income is a non - GAAP financial measure. For a reconciliation of Net Income and Adjusted Net Income see Appendix IV. Adjusted prior periods to include the windfall/shortfall to income tax expense for equity - based compensation and corporate strategic project costs.

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![](sezl-20260513ex9901032.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 32 Net Income, Adjusted Net Income, & Adjusted EBITDA Net Income & Adjusted Net Income 1 Non - GAAP Adjusted EBITDA 2 ($52.9) ($21.4) $30.0 $88.7 $187.7 (46.1%) (17.0%) 18.8% 32.7% 41.7% 2021 2022 2023 2024 2025 Adjusted EBITDA ($ in millions) % of Total Revenue ($75.2) ($38.1) $7.1 $78.5 $133.1 ($73.1) ($41.2) $5.6 $65.3 $128.4 2021 2022 2023 2024 2025 Net Income ($ in millions) Adjusted Net Income ($ in millions) $36.2 $27.6 $26.7 $42.7 $51.3 $35.3 $24.8 $25.4 $42.8 $50.0 1Q25 2Q25 3Q25 4Q25 1Q26 Net Income ($ in millions) Adjusted Net Income ($ in millions) $51.4 $38.4 $39.6 $58.3 $71.1 49.0% 38.9% 33.9% 44.9% 52.5% -10.0% 10.0% 30.0% 50.0% $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 1Q25 2Q25 3Q25 4Q25 1Q26 Adjusted EBITDA ($ in millions) % of Total Revenue 1 Adjusted Net Income is a non - GAAP financial measure. For a reconciliation of Net Income and Adjusted Net Income see Appendix IV. Adjusted prior periods to include the windfall/shortfall to income tax expense for equity - based compensation and corporate strategic project costs. 2 Adjusted EBITDA is a non - GAAP financial measure. For a reconciliation of Adjusted EBITDA, see Appendix V. Adjusted prior periods to include corporate strategic project costs.

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![](sezl-20260513ex9901033.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 33 ($ in Thousands) Mar 31, 2025 Mar 31, 2026 Key Assets Cash and cash equivalents 1 $88,893 $120,448 Restricted cash $31,976 $26,938 Total cash $120,869 $147,386 Notes receivable, net $146,628 $262,967 Key Liabilities Merchant accounts payable $65,380 $57,568 Drawn on line of credit 2 $70,800 $145,500 Total Stockholders' Equity 1 $125,762 $196,722 Select Balance Sheet & Cash Flow Metrics 1 On March 10, 2025, the Board approved a $50.0 million repurchase program, which was completed on December 4, 2025. On Decembe r 15, 2025, the Board authorized an additional $100.0 million repurchase program with no fixed expiration, subject to market conditions and other factors. 2 The availability on the line of credit for quarters ending March 31, 2025 and March 31, 2026 was $52.2M and $69.0M, respectiv ely. 3 Effective December 31, 2025, the Company restated notes receivable - related cash flows from operating to investing activities in the consolidated statement of cas h flows. March 31, 2025 amounts have been restated to conform to the current presentation, see Appendix VI. This change did not affect net change in cash for any period presented. 4 Excludes the effect of exchange rate changes on cash of $144 and ($205) thousand for the quarters ending March 31, 2025 and M arc h 31, 2026, respectively. Balance Sheet Cash Flow ($ in Thousands) Cash provided from operations 3 $52,479 $88,978 Cash (used for) provided from investing activities $6,050 ($22,493) Cash used for financing activities ($36,114) ($21,495) Net Increase in Cash, Cash Equivalents, and Restricted Cash 4 $22,415 $44,990

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![](sezl-20260513ex9901034.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 34 2026 Guidance (November 2025) 2026 Guidance (February 2026) 2026 Updated Guidance (May 2026) Total Revenue Growth Not Provided 25% – 30% 30% – 35% Adjusted Net Income 1 Not Provided $170.0M $180.0M Adjusted Net Income Per Diluted Share 1 $4.35 $4.70 $5.10 2026 Guidance 1 Adjusted Net Income and Adjusted Net Income per Diluted Share are non - GAAP financial measures. For a reconciliation of Net Inco me to Adjusted Net Income and Adjusted Net Income per Diluted Share, see Appendix IV. FY2026 Non - GAAP adjusted financial guidance reflects add - backs for estimated FY2026 expenses ass ociated with Corporate Strategic Projects.

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![](sezl-20260513ex9901035.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 35 Founder - Led Management Team Charlie Youakim CEO & Co -Founder Paul Paradis President & Co -Founder Lee Brading Chief Financial Officer Amin Sabzivand Chief Operating Officer

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![](sezl-20260513ex9901036.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 36 Appendices

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![](sezl-20260513ex9901037.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 37 Reconciliation of Operating Expenses to Transaction Related Costs Appendix I: Reconciliation of GAAP to Non - GAAP Financial Measures (in $ thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Operating expenses 66,503$74,622$81,235$62,616$55,017$ Personnel (14,667) (13,776) (14,320) (11,681) (15,048) Third-party technology and data (4,415) (3,934) (3,705) (3,428) (3,374) Marketing, advertising, and tradeshows (11,246) (9,298) (8,775) (8,772) (5,346) General and administrative (3,980) (4,974) (4,823) (3,846) (3,131) Net interest expense 3,015 3,683 3,923 3,501 2,914 Transaction related costs 35,210$46,323$53,535$38,390$31,032$ For the three months ended (in $ thousands) December 31, 2025 December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 Operating expenses 273,490$188,882$137,156$154,005$183,499$ Personnel (54,825) (51,765) (46,374) (51,217) (56,831) Third-party technology and data (14,441) (9,595) (7,816) (8,190) (5,550) Marketing, advertising, and tradeshows (32,191) (9,740) (11,984) (18,972) (9,252) General and administrative (16,774) (11,403) (8,588) (16,412) (15,769) Net interest expense 14,021 13,762 15,968 8,601 5,269 Transaction related costs 169,280$120,141$78,362$67,815$101,366$ For the twelve months ended

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![](sezl-20260513ex9901038.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 38 Reconciliation of Operating Income to Total Revenue Less Transaction Related Costs Appendix II: Reconciliation of GAAP to Non - GAAP Financial Measures (in $ thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Operating income 69,036$55,247$35,561$36,086$49,895$ Personnel 14,667 13,776 14,320 11,681 15,048 Third-party technology and data 4,415 3,934 3,705 3,428 3,374 Marketing, advertising, and tradeshows 11,246 9,298 8,775 8,772 5,346 General and administrative 3,980 4,974 4,823 3,846 3,131 Net interest expense (3,015) (3,683) (3,923) (3,501) (2,914) Total revenue less transaction related costs 100,329$83,546$63,261$60,312$73,880$ For the three months ended (in $ thousands) December 31, 2025 December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 Operating income 176,789$82,246$22,200$(28,435)$(68,683)$ Personnel 54,825 51,765 46,374 51,217 56,831 Third-party technology and data 14,441 9,595 7,816 8,190 5,550 Marketing, advertising, and tradeshows 32,191 9,740 11,984 18,972 9,252 General and administrative 16,774 11,403 8,588 16,412 15,769 Net interest expense (14,021) (13,762) (15,968) (8,601) (5,269) Reimbursement of merger-related costs - - - (11,000) - Write-off of unamortized debt issuance costs - - - 316 - Total revenue less transaction related costs 280,999$150,987$80,994$47,071$13,450$ For the twelve months ended

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![](sezl-20260513ex9901039.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 39 Appendix III: Reconciliation of GAAP to Non - GAAP Financial Measures Reconciliation of Operating Expenses to Non - Transaction Related Operating Expenses (in $ thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Operating expenses 66,503$74,622$81,235$62,616$55,017$ Transaction expense (18,520) (18,966) (17,435) (14,243) (15,317) Provision for credit losses (13,675) (23,674) (32,177) (20,646) (12,801) Non-transaction related operating expenses 34,308$31,982$31,623$27,727$26,899$ For the three months ended (in $ thousands) December 31, 2025 December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 Operating expenses 273,490$188,882$137,156$154,005$183,499$ Transaction expense (65,961) (51,364) (39,208) (40,777) (43,476) Provision for credit losses (89,298) (55,015) (23,187) (29,437) (52,622) Reimbursement of merger-related costs - - - 11,000 - Non-transaction related operating expenses 118,231$82,503$74,761$94,791$87,401$ For the twelve months ended

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![](sezl-20260513ex9901040.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 40 Appendix IV: Reconciliation of GAAP to Non - GAAP Financial Measures Reconciliation of Net Income to Adjusted Net Income 1 1 Adjusted prior periods to include the windfall/shortfall to income tax expense for equity -based compensation and corporate strat egic project costs. 1 1 1 1 (in $ thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Net income 51,303$42,691$26,671$27,604$36,164$ Discrete tax benefit (1,682) (1,190) (2,520) (3,155) (803) Corporate strategic projects 340 1,331 1,284 442 4 Other (income) expenses, net 32 (17) 6 (87) (25) Adjusted net income 49,993$42,815$25,441$24,804$35,340$ For the three months ended (in $ thousands; except per share amounts) December 31, 2025 December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 Net income 133,130$78,522$7,098$(38,094)$(75,168)$ Discrete tax benefit (7,668) (14,675) - - - Corporate strategic projects 3,061 312 - - - Loss on extinguishment of line of credit - 260 - 814 1,093 Fair value adjustment on warrants - 1,261 456 (50) - Write-off of unamortized debt issuance costs - - - 316 - Merger-related costs - - - 6,565 889 Reimbursement of merger-related costs - - - (11,000) - Other (income) expenses, net (123) (354) (1,933) 226 65 Adjusted net income 128,400$65,326$5,621$(41,223)$(73,121)$ For the twelve months ended 1

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![](sezl-20260513ex9901041.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 41 Reconciliation of Net Income to Adjusted EBITDA 1 Appendix V: Reconciliation of GAAP to Non - GAAP Financial Measures 1 Adjusted prior periods to include corporate strategic project costs. (in $ thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Net income 51,303$42,691$26,671$27,604$36,164$ Depreciation and amortization 436 389 369 324 274 Income tax expense 14,686 8,890 4,961 5,068 10,842 Equity and incentive-based compensation 1,321 1,340 2,409 1,498 1,273 Corporate strategic projects 340 1,331 1,284 442 4 Other (income) expense, net 32 (17) 6 (87) (25) Net interest expense 3,015 3,683 3,923 3,501 2,914 Adjusted EBITDA 71,133$58,307$39,623$38,350$51,446$ For the three months ended (in $ thousands) December 31, 2025 December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 Net income 133,130$78,522$7,098$(38,094)$(75,168)$ Depreciation and amortization 1,356 965 856 847 749 Income tax expense (benefit) 29,761 (11,205) 611 69 58 Equity and incentive-based compensation 6,520 5,193 6,931 10,310 14,162 Corporate strategic projects 3,061 312 - - - Other (income) expense, net (123) (354) (1,933) 226 65 Fair value adjustment on warrants - 1,261 456 (50) - Net interest expense 14,021 13,762 15,968 8,601 5,269 Write-off of unamortized debt issuance costs - - - 316 - Merger-related costs - - - 6,565 889 Reimbursement of merger-related costs - - - (11,000) - Loss on extinguishment of line of credit - 260 - 814 1,093 Adjusted EBITDA 187,726$88,716$29,987$(21,396)$(52,883)$ For the twelve months ended

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![](sezl-20260513ex9901042.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 42 Appendix VI: Restated Quarterly Consolidated Statements of Cash Flows (in $ thousands) As previously reported Restatement impact As restated Discount on notes receivable -$(1,224)$(1,224)$ Notes receivable 5,134 (5,134) - Net cash provided from operating activities 58,837 (6,358) 52,479 Purchases and originations of notes receivable, net of proceeds from repayments - 6,358 6,358 Net cash used for investing activities (308)$6,358$6,050$ For the three months ended March 31, 2025

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![](sezl-20260513ex9901043.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 43 Non - GAAP Financial Measures To supplement our operating results prepared in accordance with generally accepted accounting principles in the United States ("GAAP"), we present the following non -GAAP financial measures: Total revenue less transaction related costs; transaction related costs; non -transaction related operating expenses; adjusted net inco me; adjusted net income margin; adjusted net income per diluted share; adjusted earnings before interest, taxes, depreciation, and amortization ("Adjusted EBITDA"); and Adjusted EBITDA margin. Def initions of these non -GAAP financial measures and summaries of the reasons why management believes that the presentation of these non -GAAP financial measures provide useful information to the Company and investors are as follows: • Total revenue less transaction related costs is defined as GAAP total revenue less transaction related costs. Transaction rel ated costs is the sum of GAAP transaction expense, provision for credit losses, and net interest expense less certain non -recurring charges as detailed in the reconciliation table of GAAP operating income to non-GAAP total revenue less transaction related costs above. We believe that total revenue less transaction related costs is a useful financial measure to both management and investors for evaluati ng the economic value of orders processed on the Sezzle Platform. • Non -transaction related operating expenses is defined as the sum of GAAP personnel; third -party technology and data; marketing, advertising, and tradeshows; and general and administrative operating expenses. We believe that non -transaction related operating expenses is a useful financial measure to both management and invest ors for evaluating our management of operating expenses not directly attributable to orders processed on the Sezzle Platform. • Adjusted EBITDA is defined as GAAP net income, adjusted for certain charges including depreciation, amortization, equity and incentive– based compensation, and corporate strategic project costs, as well as net interest expense as detailed in the reconciliation table of GAAP net income to adjusted EBITDA. We believe that t his financial measure is a useful measure for period -to-period comparison of our business by removing the effect of certain non -cash and non -recurring charges, as well as funding costs, that may not direct ly correlate to the underlying performance of our business. • Adjusted EBITDA margin is defined as Adjusted EBITDA divided by GAAP total revenue. We believe that this financial measure is a useful measure for period -to-period comparison of our business' unit economics by removing the effect of certain non -cash and non -recurring charges, as well as funding costs, that may not directly correlate to the underlying performance of our business. • Adjusted net income is defined as GAAP net income, adjusted for certain charges including discrete tax items, fair value adju stments on warrants, losses on the extinguishment of our lines of credit, corporate strategic project costs, and other income and expense, as detailed in the reconciliation table of GAAP net income t o a djusted net income. We believe that this financial measure is useful for period -to-period comparison of our business by removing the effect of certain charges that, in management's view, does not corre late to the underlying performance of our business during a given period. • Adjusted net income margin is defined as Adjusted net income divided by GAAP total revenue. We believe that this financial me asure is a useful measure for period -to-period comparison of our business by removing the effect of certain charges that, in management's view, does not correlate to the underlying performance of our business during a given period. • Adjusted net income per diluted share is defined as non -GAAP adjusted net income divided by GAAP weighted -average diluted shares outstanding. We believe that this financial measure is a useful measure for period -to-period comparison of shareholder return by removing the effect of certain charges that, in management's vi ew, does not correlate to the underlying performance of our business during a given period.

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![](sezl-20260513ex9901044.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 44 Non - GAAP Financial Measures (Cont.) Additionally, we have included these non -GAAP measures because they are key measures used by our management to evaluate our oper ating performance, guide future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of resources. Therefore, we believe these measur es provide useful information to investors and other users of this press release to understand and evaluate our operating results in the same manner as our management and board of directors. However, non -GAAP fin ancial measures have limitations, should be considered supplemental in nature, and are not meant as a substitute for the related financial information prepared in accordance with U.S. GAAP. The se limitations include the following: • Total revenue less transaction -related costs is not intended to be measures of operating profit or cash flow profitability as th ey exclude key operating expenses such as personnel, general and administrative, and third -party technology and data, which have been, and will continue to be for the foreseeable future, signif icant recurring GAAP expenses. • Transaction related costs exclude significant expenses such as personnel, general and administrative, and third -party technology and data, which have been, and will continue to be for the foreseeable future, significant recurring GAAP expenses. • Non -transaction related operating expenses exclude significant expenses, including transaction expense and provision for credit losses, which have been, and will continue to be for the foreseeable future, significant recurring GAAP expenses. • Adjusted EBITDA and adjusted EBITDA margin exclude certain charges such as depreciation, amortization, and equity and incenti ve– based compensation, which have been, and will continue to be for the foreseeable future, recurring GAAP expenses. Further, these non -GAAP financial measures exclude certain significant cash inf lows and outflows, which have a significant impact on our working capital and cash. • Adjusted EBITDA and adjusted EBITDA margin excludes net interest expense, which has a significant impact on our GAAP net inco me, working capital, and cash. • Adjusted net income, adjusted net income margin, and adjusted net income per diluted share excludes certain charges such as l oss es on the extinguishment of our lines of credit, fair value adjustments on our warrants, other income and expense, and discrete tax items which have been, and may be in the future, recurring GAAP e xpe nses. Further, these non -GAAP financial measures exclude certain significant cash inflows and outflows, which have a significant impact on our working capital and cash. • Long - lived assets being depreciated or amortized may need to be replaced in the future, and these non -GAAP financial measures do not reflect the capital expenditures needed for such replacements, or for any new capital expenditures or commitments. • These non -GAAP financial measures do not reflect income taxes that may represent a reduction in cash available to us. • Non -GAAP measures do not reflect changes in, or cash requirements for, our working capital needs. • Other companies, including companies in our industry, may calculate the non -GAAP financial measures differently or not at all, w hich reduces their usefulness as comparative measures. Because of these limitations, you should not consider these non -GAAP financial measures in isolation or as substitutes for analy sis of our financial results as reported under GAAP, and these non -GAAP financial measures should be considered alongside other financial performance measures, including net income and other financ ial results presented in accordance with GAAP. We encourage you to review the related GAAP financial measures and the reconciliations of these non -GAAP financial measures to their most directly comparab le GAAP financial measures and not rely on any single financial measure to evaluate our business.

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![](sezl-20260513ex9901045.jpg)

\| Sezzle Overview Presentation Style Guide Font: Satoshi Title/Header Font Size: 30 Subtitle/ Subheader FS: 15 Main Text FS: 11 Footnotes: 6 #8333D4 For emphasizing #3F3F3F Regular text #382757 For highlighting numbers #E7F CF6 #FEE DEC #9FF 4D9 #FC D7B6 #FEF 5ED #F9B 5B2 #29D 3A2 #FEA 500 #F98 575 #D39 BD3 #CE5 DCB #FF8 100 #FF5 667 #833 3D4 #00B 874 #F3F 3F3 #00B 874 45 Thank You Jack Fagan Corporate Development & Investor Relations InvestorRelations@sezzle.com Erin Foran Media & PR MediaRelations@sezzle.com

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