Sezzle Inc. ( (SEZL) ) has released its Q4 earnings. Here is a breakdown of the information Sezzle Inc. presented to its investors.
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Sezzle Inc., a purpose-driven digital payment platform, operates within the fintech sector, offering innovative payment solutions to enhance consumer purchasing power. The company has reported a remarkable fiscal year 2024, with significant growth in key financial metrics, setting a strong foundation for future expansion. Sezzle’s Gross Merchandise Volume (GMV) reached an all-time high of $855.4 million in the fourth quarter, marking a 42.1% year-over-year increase, while total revenue doubled to $98.2 million. The company’s strategic initiatives, including the launch of Sezzle On-Demand, contributed to a robust performance, with operating income soaring by 302.6% to $30.9 million. For the full year, Sezzle achieved a 70.1% increase in total revenue, reaching $271.1 million, and a more than tenfold increase in net income to $78.5 million. Operating efficiency improvements were evident as operating expenses rose by 37.7%, yet declined as a percentage of total revenue. Looking ahead, Sezzle’s management anticipates continued growth, with expectations of a 55% increase in pre-tax net income for 2025, driven by new product launches and an expanding merchant network.