KPLT
Katapult Holdings, Inc.6.37
-0.08-1.24%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
30.07MP/E (TTM)
-Basic EPS (TTM)
-5.92Dividend Yield
0%Recent Filings
10-K
FY2025 results
Katapult Holdings swung to net income of $1.4 million for FY2025 ended December 31, 2025, from a $25.9 million loss in 2024, fueled by 18% revenue growth to $292 million on 17% higher gross originations of $278 million (derived). KPay drove momentum, comprising 42% of originations versus 32% last year, while Wayfair's share fell to 25% from 36%. Adjusted EBITDA climbed to $12 million from $5 million, yet debt remains heavy at $79 million under the New Revolving Facility (11.5% rate, due December 2026). Q4 originations sustained growth amid covenant waivers. Mergers with CCFI and Aaron's loom for Q2 2026 close. Lender covenant breaches threaten acceleration.
8-K
Q4 originations up 3.7%
Katapult reported Q4 gross originations of $77.9M, up 3.7% year-over-year, and full-year $278.5M, up 17.3%, with revenue rising 17.3% to $73.9M and 18.0% to $291.8M. Adjusted EBITDA swung to $5.4M profit from a $1.1M loss, while fixed cash operating expenses plunged 40.5%. Pending merger with Aaron's and CCF Holdings, announced December 11, 2025, eyes Q2 2026 close. Katapult stockholders get 6% of combined entity.
8-K
Eighth loan covenant waiver
Katapult Holdings secured its eighth limited waiver on February 13, 2026, permanently forgiving a default under its Loan Agreement for missing minimum trailing three-month net originations as of January 31, 2026. Lenders, led by Midtown Madison, granted relief while preserving all other rights. Defaults persist.
8-K
Seventh loan covenant waiver
Katapult Holdings secured a seventh limited waiver on January 15, 2026, permanently forgiving its default under the Loan Agreement for missing minimum trailing three-month net originations through December 31, 2025. This follows six prior waivers since September 2025. Lenders reserved all other rights. Defaults persist.
8-K
Exec retention, CAO resigns
Katapult approved a $400,000 retention award for President and Chief Growth Officer Derek Medlin amid its pending merger with Aaron's and CCFI, payable in three installments tied to merger closing and six-month anniversary, provided no cause termination or resignation. Chief Accounting Officer Kaitlin Folan resigned effective January 19, 2026, with no disagreements noted; Art Goss steps in as interim, drawing on prior experience. Retention aids merger stability. Key risk: retaining personnel.
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