Total revenue for the year ended December 31, 2025, increased by 66.1% to $450.3 million, up from $271.1 million in 2024. Net income surged by 69.5% to $133.1 million in 2025, compared to $78.5 million in 2024. Gross Merchandise Volume (GMV) grew 55.1% to $3.94 billion in 2025, from $2.54 billion in 2024. Active Consumers increased by 11.9% to 3.05 million, and Monthly On-Demand Users and Subscribers (MODS) rose by 29.8% to 0.92 million. The company launched several new products and features in 2025, including a 'pay-in-five' beta product, price comparison tools, auto-couponing, express checkout, a customer wishlist, the 'Sezzle Earn' tab, and 'Sezzle Balance' (a stored-value product). Sezzle is evaluating pursuing an industrial loan company (ILC) bank charter to expand its product offerings and financial services capabilities. A material weakness in internal control over financial reporting was identified regarding the classification of cash flows related to notes receivable, leading to a restatement of the 2024 consolidated statements of cash flows. The company filed an antitrust lawsuit against Shopify, Inc. on June 9, 2025, alleging monopolistic and anticompetitive practices, seeking an injunction and triple damages. Sezzle elected to forego B Corporation recertification on August 7, 2025, as part of an ongoing evaluation of corporate governance and sustainability initiatives. The company repurchased $50.0 million of its common stock in 2025 and authorized an additional $100.0 million stock repurchase program on December 15, 2025. As of December 31, 2025, the company no longer qualifies as an emerging growth company or a smaller reporting company, resulting in increased U.S. public company reporting requirements.