Sezzle Inc. filed its quarterly report on Form 10-Q with the SEC on November 5, 2026, covering the fiscal quarter ended September 30, 2026, and reporting key balance sheet figures including notes receivable of $355.5 million.

Key Highlights

  • Notes receivable: $355,529 thousand as of September 30, 2026, up from $283,400 thousand as of December 31, 2025, according to the filing.
  • Allowance for credit losses: $(39,611) thousand as of September 30, 2026, compared to $(28,505) thousand as of December 31, 2025.
  • Cash and cash equivalents: $70,142 thousand as of September 30, 2026, including $19,610 thousand held by a variable interest entity, versus $64,054 thousand at December 31, 2025.
  • Restricted cash (current): $4,348 thousand as of September 30, 2026, including $4,305 thousand held by VIE, down from $8,413 thousand at December 31, 2025.
  • Shares outstanding: 33,783,402 shares of common stock, par value $0.00001 per share, as of November 2, 2026.
  • Filer classification: The company indicated it is a large accelerated filer and is not a smaller reporting company or emerging growth company.

Sezzle's September 30, 2026 Balance Sheet Shows Growth in Receivables and Credit Loss Reserves

Sezzle Inc. (NASDAQ:SEZL), a Delaware public benefit corporation headquartered in Minneapolis, Minnesota, submitted its unaudited consolidated financial statements for the quarter ended September 30, 2026 as part of this Form 10-Q filing. According to the filing, notes receivable grew to $355,529 thousand from $283,400 thousand at December 31, 2025, while the allowance for credit losses also increased, reaching $(39,611) thousand compared to $(28,505) thousand at the prior fiscal year-end.

The filing disclosed that cash and cash equivalents totaled $70,142 thousand as of September 30, 2026, of which $19,610 thousand was held by a variable interest entity. This compares to $64,054 thousand in total cash at December 31, 2025, of which $25,921 thousand was held by the VIE. Restricted cash, current, stood at $4,348 thousand, with $4,305 thousand attributable to the VIE, down from $8,413 thousand at year-end 2025, of which $8,245 thousand was held by the VIE.

The filing also includes forward-looking statements, which the company characterized as subject to numerous risks and uncertainties. Among the risk factors cited, Sezzle noted risks including its national bank charter application, regulatory scrutiny of the buy-now, pay-later industry, reliance on an originating bank partner, consumer credit risk, and macro-economic conditions affecting consumer spending. The company stated that "all forward-looking statements, expressed or implied, included in this Form 10-Q are expressly qualified in their entirety by these cautionary statements."

What Was Disclosed

Sezzle filed an unaudited Form 10-Q for the quarter ended September 30, 2026, disclosing balance sheet data including notes receivable of $355,529 thousand, an allowance for credit losses of $(39,611) thousand, cash of $70,142 thousand, and 33,783,402 shares outstanding as of November 2, 2026.