Sezzle announced that it has dismissed its independent auditor Baker Tilly and will engage PricewaterhouseCoopers (PwC) for the 2026 fiscal year.
The change follows a material weakness in Sezzle’s internal controls over financial reporting as of December 31 2025, specifically the classification of cash flows related to notes receivable. This weakness was disclosed in the company’s annual report and prompted the auditor switch.
Sezzle’s Q4 2025 revenue reached $129.87 million, up 32.2% year‑over‑year, reflecting 66% revenue growth and a 38% return on assets over the last twelve months. The company received unqualified audit opinions for 2024 and 2025, but the internal controls report highlighted the material weakness.
PwC brings extensive experience advising FinTech firms worldwide, and Sezzle has authorized Baker Tilly to fully cooperate with PwC during the transition. Sezzle management noted no disagreements with Baker Tilly on accounting principles or audit procedures beyond the material weakness.
The disclosure of the material weakness and auditor change has raised market concerns about Sezzle’s financial transparency and governance structure, though the company has not indicated any immediate impact on its financial statements or regulatory filings.
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