Core Viewpoint - Sezzle Inc. is identified as a growth stock with potential, despite recent price target adjustments by TD Cowen due to macroeconomic pressures and changes in the specialty finance outlook [1][3]. Financial Performance - In Q3 2025, Sezzle reported a 67% year-over-year increase in quarterly revenue, reaching $116.8 million, with EPS of $0.71, exceeding Street estimates by $0.06 [2]. - The company's Gross Merchandise Volume (GMV) grew by 58.7%, surpassing $1 billion for the first time in a single quarter [2]. - Sezzle raised its full-year 2025 guidance, expecting GAAP EPS of $3.52 and adjusted EPS of $3.38, and provided preliminary 2026 guidance forecasting an adjusted EPS of $4.35, indicating a projected 29% growth over 2025 [3]. Strategic Focus - Management has shifted focus from its on-demand product to a subscription model, as the on-demand feature underperformed in converting users into long-term subscribers [2]. - The growth strategy is supported by the rising consumer preference for Buy-Now-Pay-Later (BNPL) services over traditional credit cards, alongside cost efficiencies [3]. Market Position - Sezzle operates as a technology-enabled payments company primarily in the US and Canada, positioning itself within the evolving landscape of credit and payment solutions [4].