Sezzle Inc (NASDAQ: SEZL) witnessed a remarkable pre-market surge of 14.74% on Wednesday, driven by the fintech company's exceptional fourth quarter and fiscal year 2024 financial performance, as well as an upbeat outlook for 2025.
For the fourth quarter, Sezzle reported record Gross Merchandise Volume (GMV) of $855.4 million, representing a staggering 42.1% year-over-year increase. This impressive growth in consumer demand propelled Total Revenue to double to $98.2 million, surpassing analysts' estimates. The company's profitability soared to new heights, with Net Income reaching an all-time high of $25.4 million, or $4.21 per diluted share, marking a remarkable 721.5% increase compared to the prior year.
Sezzle's disciplined cost management strategies further bolstered its performance, with Adjusted EBITDA surging to $32.5 million, or 33.1% of Total Revenue. The company's upbeat outlook, coupled with its robust financial performance, fueled investor confidence, driving the stock's significant pre-market gain. Sezzle raised its 2025 EPS guidance to $13.25, exceeding analysts' expectations, and anticipates double-digit revenue growth and a 55% increase in pre-tax net income compared to 2024.