Slide 1: Sezzle Overview Presentation
Sezzle Overview Presentation August 2026 | Sezzle Overview Presentation 1
Slide 2: Disclaimer
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 Pre sen tation. The information in this Presentation is of a general nature and does not purport to be complete
Slide 3: Sezzle at a Glance
Sezzle at a Glance | Sezzle Overview Presentation 3
Slide 4: We're Building an All-in-One Services Platform
We’re Building an All- in- One Services Platform Financial Tools Shopping & Engagement Features 1 Loans are originated by Sezzle and third party lenders, including WebBank. Length of loan and APR vary by user and merchant o ffering and are determined by Sezzle’s long - term lending partner. Loan ori
Slide 5: 10 Years of Sezzle
10 Years of Sezzle Since Inception 1 App Store Ratings 2 +$15B Gross Merchandise Volume +20M Completed Sign - Ups 4.9/5 Apple Store 4.5/5 Google Play As Awarded by: World’s Top America’s Best BNPL App for Top 5 America’s Best Companies Best for Best Mid - Cap Fintech Companies Best Companies Credit
Slide 6: 2Q26 Snapshot
2Q26 Snapshot 2Q26 Results FY2026 Updated Guidance Gross Merchandise Volume May Guidance August Guidance (GMV) Growth (YoY) 37.9 % Total Revenue Growth 30 % – 35 % 35 % Total Revenue Growth (YoY) 51.7% Adjusted Net Income 4 $180.0 M 40.2% YoY $185.0 M 44.1% YoY Net Income $40.8 M Adjusted Net Income
Slide 7: The Markets We Serve
The Markets We Serve | Sezzle Overview Presentation 7
Slide 8: The Nascent and Growing BNPL Market
The Nascent and Growing BNPL Market BNPL is the Fastest - Growing Share Category within North American E - Commerce North America E - Commerce Payment Mix % share of transaction value North America E - Commerce BNPL Value Credit Cards Debit Cards A2A Others Digital Wallets BNPL 100% $2.6T 6% $3.6T 8
Slide 9: BNPL Outpacing the Payments Market
BNPL Outpacing the Payments Market Total North America E - Commerce 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% BNPL North America E - Commerce Mar
Slide 10: U.S. Consumer Credit Market Snapshot
U.S. Consumer Credit Market Snapshot Younger generations struggle with below average credit scores 4 Average FICO by Age 3 U.S. FICO Score Distribution 27% 752 20% U.S. Avg: 715 23% 721 15% 702 15% 688 678 Poor Fair Good Very Exceptional 60+ 50-59 40-49 30-39 18-29 300-579 580-669 670-739 740-799 80
Slide 11: Innovating for Our Customers
Innovating for Our Customers | Sezzle Overview Presentation 11
Slide 12: Why Merchants Use Sezzle
Why Merchants Use Sezzle In- App Placement Maximizing engagement through personalized offers Product Marketplace Providing hyper - personalized shopping experiences Merchant Benefits 1 < 6 months Up to 57 % 110 % Payback Period Average Order Value Lift Return on Investment (ROI) New Enterprise Merch
Slide 13: Why Consumers Use Sezzle
Why Consumers Use Sezzle Sezzle Consumer Profile 3.2 M % 81 % 40 Active Consumers 3 Gen Z & Millennial Consumers 2 Would Leave Carts Without BNPL 1 Personalized Shopping & Savings Tools Earn Tab • Price Comparison • Sezzle Mobile • Agentic Commerce • MoneyIQ • And More! Build Credit History through
Slide 14: Comprehensive Suite of Payment Options
Comprehensive Suite of Payment Options Offering a full suite of payment options , allowing consumers to choose based on their schedule and needs Pay - in- Full Pay - in- 2 1 Pay - in- 4 1 Pay - in- 5 1 Long - Term 2 1 Originated by Sezzle and third party lenders, including WebBank. 2 Length of loan
Slide 15: Expanding Our Ecosystem
Expanding Our Ecosystem Initial Business Model Launched in 2Q22 Launched in 2Q23 Launched in 4Q24 Launched in 2Q26 Launch in 3Q26 Direct & Virtual #F1ECFA Premium Anywhere 1 On - Demand #F1ECFA 3 SezzleCash Sezzle Send 4 #F1ECFA Card Integration Subscription Subscription Anywhere only Offers a compr
Slide 16: Growing the Subscriber Base and Wallet Share
Growing the Subscriber Base and Wallet Share 76.4 % 8 ≥ 31X 39 % YoY Growth in Active Subscribers More Orders from Subscribers Top 10% Anywhere Subscribers In- store Orders as % of Total for 2Q26 vs. Non - Subscribers on Average 4 90 - days Frequency 1 Anywhere Orders 2 in 2Q26 MODS 3 Expanding Valu
Slide 17: A Consistent Pace of Innovation
A Consistent Pace of Innovation Launches in 1Q26 Launches in 2Q26 To Launch in 3Q26 Canada 2 3 Enhanced Long - SezzleCash Sezzle Send Pay - in- 5 1 Virtual Card Sezzle Mobile Term Lending 4 (June Roll - out) (Launch in August) Cash advance for Instant money transfers On AT&T’s network, eligible Sezz
Slide 18: Evolving Beyond Payments Through SezzleCash and Sezzle Send
Evolving Beyond Payments Through SezzleCash and Sezzle Send 1 2 SezzleCash Sezzle Send (June Roll - out) (Launch in August) Cash advance product, addressing P2P product, allowing senders to Pay - consumers' short - term liquidity needs in- 5 or Pay - in- Full while recipients receive the full amount
Slide 19: Growing Profitably Through Strong Execution
Growing Profitably Through Strong Execution | Sezzle Overview Presentation 19
Slide 20: AI, Embedded Across the Platform
AI, Embedded Across the Platform Enhancing the Consumer Experience Driving Efficiency Across Sezzle Teams AI Tools Impact Description Engineering Team AI Coding Assistants 88% Of new code AI developed Code Merge Of merged code now receives an Review 30% added AI review layer Developer More changes d
Slide 21: Proprietary Underwriting Strategy That Scales
Proprietary Underwriting Strategy That Scales With the Portfolio Sezzle Model is More Predictive than FICO for New Sezzle Short Duration Portfolio Velocity With Superior Consumers’ Delinquency Unit Economics Sezzle Model FICO 65.0% Delinquency 1 LTM 2Q26 Total Revenue Less Transaction Related Costs
Slide 22: YoY Progression Overview
YoY Progression Overview 2Q25 2Q26 YoY Change Total Revenue $98.7M $149.7M 51.7% Net Income $27.6M $40.8M 47.7% Adjusted Net Income 1 $24.8M $39.3M 58.4% Adjusted EBITDA Margin 2 38.9% 38.8% - 0.1 Pts Total Revenue Less Transaction Related Costs 3 as a % of Total Revenue 61.1% 63.5% +2.4 Pts Non - T
Slide 23: YoY Engagement Metrics
YoY Engagement Metrics Monthly On - Demand & Subscribers (MODS 1) Quarterly Purchase Frequency (Average) 2Q26 982,000 +31.3% 2Q26 7.2x +1.1x YoY YoY 2Q25 748,000 2Q25 6.1x Active 2 Consumers Repeat Usage as a % of Total Orders (Cumulative) 2Q26 3,160,000 +10.5% 2Q26 97.2% +80 Bps YoY YoY 2Q25 2,860,
Slide 24: Gross Merchandise Volume and Total Revenue
Gross Merchandise Volume (GMV) & Total Revenue Gross Merchandise Volume (GMV) $3,940.4 +37.9% YoY $2,540.2 $1,807.8 $1,743.4 $1,824.3 $1,047.3 $1,157.5 $1,110.4 $1,278.5 $927.0 2021 2022 2023 2024 2025 2Q25 3Q25 4Q25 1Q26 2Q26 GMV ($ in millions) GMV ($ in millions) Total Revenue 10.7% 11.4% 10.6% 1
Slide 25: Transaction Related Costs
Transaction Related Costs 1 As a % of GMV 5.6% 5.1% 4.5% 4.3% 4.7% 4.3% 4.3% 4.1% 4.0% 3.2% $169.3 $101.4 $120.1 $78.8 $78.4 $38.4 $53.5 $46.3 $54.6 $35.2 2021 2022 2023 2024 2025 2Q25 3Q25 4Q25 1Q26 2Q26 Transaction Related Costs ($ in millions) % of GMV Transaction Related Costs ($ in millions) %
Slide 26: Transaction Related Costs
Transaction Related Costs 1 Transaction Expense Provision for Credit Losses Net Interest Expense FY2026 guidance of 2.5% - 3.0% 3.1% 1.7% 1.6% 1.7% 1.6% 2.2% 2.0% 2.4% 1.5% 1.2% 0.4% 0.4% 0.3% 0.3% 0.3% $32.2 $30.6 $14.2 $17.4 $19.0 $18.5 $20.7 $20.6 $23.7 $13.7 $3.5 $3.9 $3.7 $3.0 $3.2 2Q25 3Q25 4Q
Slide 27: Total Revenue Less Transaction Related Costs
Total Revenue Less Transaction Related Costs 1 As a % of GMV 9.0% 7.1% 7.2% 7.4% 5.9% 6.5% 6.0% 4.4% $281.0 2.7% 0.7% $151.0 $47.1 $81.0 $60.3 $63.3 $83.5 $100.3 $95.1 $13.4 2021 2022 2023 2024 2025 2Q25 3Q25 4Q25 1Q26 2Q26 Total Revenue Less Transaction Related Costs ($ in millions) % of GMV Total
Slide 28: Non-Transaction Related Operating Expenses
Non - Transaction Related Operating Expenses 1 % of Total Revenue 76.1% 75.5% 46.9% 30.4% 26.3% $118.2 28.1% 29.0% 27.1% $87.4 $94.8 $82.5 24.6% 25.3% $74.8 $31.6 $32.0 $34.3 $43.4 $27.7 2021 2022 2023 2024 2025 2Q25 3Q25 4Q25 1Q26 2Q26 Corporate Strategic Project Costs ($ in millions) Corporate Str
Slide 29: Net Income and Adjusted Net Income
Net Income & Adj. Net Income Net Income Adjustments Adjusted Net Income 1 37.9% 36.9% 32.9% 33.0% 28.0% 27.2% 26.2% 22.8% $0.1 25.1% 21.8% $42.7 $51.3 ($1.2) ($1.3) ($1.5) $42.8 $50.0 $40.8 ($2.8) $39.3 $27.6 $26.7 $24.8 $25.4 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q2
Slide 30: Net Income, Adjusted Net Income, and Adjusted EBITDA
Net Income, Adj. Net Income, & Adj. EBITDA Net Income & Adjusted Net Income 1 $133.1 $128.4 $51.3 $50.0 $42.7 $42.8 $40.8 $39.3 $78.5 $65.3 $27.6 $24.8 $26.7 $25.4 $7.1 $5.6 2Q25 3Q25 4Q25 1Q26 2Q26 ($38.1) ($41.2) ($75.2) ($73.1) 2021 2022 2023 2024 2025 Net Income ($ in millions) Adjusted Net Inco
Slide 31: Select Balance Sheet and Cash Flow Metrics
Select Balance Sheet & Cash Flow Metrics Balance Sheet ($ in thousands) Jun 30, 2025 Jun 30, 2026 Key Assets Cash and cash equivalents 1 $88,943 $79,757 Restricted cash $31,026 $32,292 Total cash $119,969 $112,049 Notes receivable, net $184,940 $289,159 Key Liabilities Merchant accounts payable $60,
Slide 32: 2026 Guidance
2026 Guidance Updated 2026 Guidance 2026 Guidance 2026 Guidance 2026 Guidance (November 2025) (February 2026) (May 2026) (August 2026) Total Revenue Growth Not Provided 25% – 30% 30% – 35% 35% Adjusted Net Income 1 Not Provided $170.0M $180.0M $185.0M Adjusted Net Income $4.35 $4.70 $5.10 $5.25 Per
Slide 33: New Facility Lowering Borrowing Costs and Providing Liquidity
New Facility Lowering Borrowing Costs and Providing Liquidity for Growth Lender Size $300M plus $75M accordion Term 3 years; effective May 7, 2026 Spread 3- month Term Secured Overnight Financing Rate (SOFR) + 3.86% with a SOFR floor of 2.00% Advance 85.0% or 92.5% of eligible originations, dependen
Slide 34: Founder-Led Management Team
Founder - Led Management Team Charlie Youakim Paul Paradis Lee Brading Amin Sabzivand CEO & Co - Founder President & Co - Founder Chief Financial Officer Chief Operating Officer | Sezzle Overview Presentation 34
Slide 35: Appendices
Appendices | Sezzle Overview Presentation 35
Slide 36: Appendix I: Reconciliation of GAAP to Non-GAAP Financial Measures
Appendix I: Reconciliation of GAAP to Non - GAAP Financial Measures Reconciliation of Operating Expenses to Transaction Related Costs For the three months ended (in $ thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Operating expenses $ 94,722 $ 66,503 $ 74,
Slide 37: Appendix II: Reconciliation of GAAP to Non-GAAP Financial Measures
Appendix II: Reconciliation of GAAP to Non - GAAP Financial Measures Reconciliation of Operating Income to Total Revenue Less Transaction Related Costs For the three months ended (in $ thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Operating income $ 54,96
Slide 38: Appendix III: Reconciliation of GAAP to Non-GAAP Financial Measures
Appendix III: Reconciliation of GAAP to Non - GAAP Financial Measures Reconciliation of Operating Expenses to Non - Transaction Related Operating Expenses For the three months ended (in $ thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Operating expenses $
Slide 39: Appendix IV: Reconciliation of GAAP to Non-GAAP Financial Measures
Appendix IV: Reconciliation of GAAP to Non - GAAP Financial Measures Reconciliation of Net Income to Adjusted Net Income For the three months ended (in $ thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Net income $ 40,765 $ 51,303 $ 42,691 $ 26,671 $ 27,604
Slide 40: Appendix V: Reconciliation of GAAP to Non-GAAP Financial Measures
Appendix V: Reconciliation of GAAP to Non - GAAP Financial Measures Reconciliation of Net Income to Adjusted EBITDA For the three months ended (in $ thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Net income $ 40,765 $ 51,303 $ 42,691 $ 26,671 $ 27,604 Depr
Slide 41: Appendix VI: Restated Quarterly Consolidated Statements of Cash Flows
Appendix VI: Restated Quarterly Consolidated Statements of Cash Flows Restated Quarterly Consolidated Statements of Cash Flows For the six months ended June 30, 2025 (in $ thousands) As previously reported Restatement impact As restated Discount on notes receivable $ - $ (782) $ (782) Notes receivab
Slide 42: Non-GAAP Financial Measures
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 -
Slide 43: Non-GAAP Financial Measures (Cont.)
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 t
Slide 44: Thank You
Thank You Jack Fagan Erin Foran Investor Relations Media Relations InvestorRelations@sezzle.com MediaRelations@sezzle.com | Sezzle Overview Presentation 44