Katapult Holdings Inc Financials
This page shows Katapult Holdings Inc (KPLT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue recovery is absorbing fixed overhead, but cash generation still trails accounting profit and keeps the balance sheet externally financed.
From FY2023 to FY2025, gross profit dollars rose from$41.7M to$51.6M . Because SG&A stayed near$11M , that extra gross profit nearly eliminated the operating loss even as gross margin slipped to17.7% , pointing to fixed-cost absorption rather than a richer unit economics mix.
FY2025's net income of
The cash balance rebounded from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Katapult Holdings Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Katapult Holdings Inc has an operating margin of -0.2%, meaning the company retains $-0 of operating profit per $100 of revenue. This results in a moderate score of 32/100, indicating healthy but not exceptional operating efficiency. This is up from -3.3% the prior year.
Katapult Holdings Inc's revenue surged 18.0% year-over-year to $291.8M, reflecting rapid business expansion. This strong growth earns a score of 75/100.
Katapult Holdings Inc has elevated debt relative to equity (D/E of -3.83), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 16/100, reflecting increased financial risk.
Katapult Holdings Inc's current ratio of 0.89 is below the typical benchmark, resulting in a score of 15/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Katapult Holdings Inc generated -$11.9M in operating cash flow, capex of $34K consumed most of it, leaving -$12.0M in free cash flow. This results in a low score of 17/100, reflecting heavy capital investment rather than weak cash generation.
Katapult Holdings Inc scores 0.79, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Katapult Holdings Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Katapult Holdings Inc generates $-8.74 in operating cash flow (-$11.9M OCF vs $1.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Katapult Holdings Inc earns $-0.0 in operating income for every $1 of interest expense (-$513K vs $20.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Katapult Holdings Inc generated $291.8M in revenue in fiscal year 2025. This represents an increase of 18.0% from the prior year.
Katapult Holdings Inc's EBITDA was $163.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.6% from the prior year.
Katapult Holdings Inc reported $1.4M in net income in fiscal year 2025. This represents an increase of 105.3% from the prior year.
Katapult Holdings Inc earned $-0.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 98.2% from the prior year.
Cash & Balance Sheet
Katapult Holdings Inc generated -$12.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 63.3% from the prior year.
Katapult Holdings Inc held $22.4M in cash against $0 in long-term debt as of fiscal year 2025.
Katapult Holdings Inc had 5M shares outstanding in fiscal year 2025. This represents an increase of 6.8% from the prior year.
Margins & Returns
Katapult Holdings Inc's gross margin was 17.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the prior year.
Katapult Holdings Inc's operating margin was -0.2% in fiscal year 2025, reflecting core business profitability. This is up 3.1 percentage points from the prior year.
Katapult Holdings Inc's net profit margin was 0.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.9 percentage points from the prior year.
Capital Allocation
Katapult Holdings Inc invested $34K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 37.0% from the prior year.
KPLT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $79.0M+7.0% | $73.9M-0.2% | $74.0M+3.0% | $71.9M-0.1% | $71.9M+14.3% | $63.0M+4.4% | $60.3M+2.5% | $58.9M |
| Cost of Revenue | $60.8M-2.5% | $62.4M+4.8% | $59.5M-2.0% | $60.7M+5.4% | $57.6M+3.7% | $55.6M+14.9% | $48.4M-1.2% | $48.9M |
| Gross Profit | $18.2M+57.8% | $11.5M-20.7% | $14.6M+30.3% | $11.2M-22.2% | $14.3M+93.7% | $7.4M-38.0% | $11.9M+20.4% | $9.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $4.3M+520.9% | -$1.0M-141.8% | $2.5M+274.7% | -$1.4M-163.1% | -$536K+88.9% | -$4.8M-8.7% | -$4.4M-69.7% | -$2.6M |
| Interest Expense | $3.1M-24.3% | $4.1M-29.7% | $5.9M+10.1% | $5.4M+4.2% | $5.1M+6.1% | $4.8M+1.0% | $4.8M+2.7% | $4.7M |
| Income Tax | -$44K-115.8% | $279K+658.0% | -$50K-182.0% | $61K+110.3% | $29K-3.3% | $30K-36.2% | $47K-23.0% | $61K |
| Net Income | $5.7M-71.3% | $19.8M+500.8% | -$4.9M+36.8% | -$7.8M-37.7% | -$5.7M+40.6% | -$9.6M-7.7% | -$8.9M-29.0% | -$6.9M |
| EPS (Diluted) | $0.07 | N/A | $-0.94+42.3% | $-1.63-32.5% | $-1.23 | N/A | $-2.05-27.3% | $-1.61 |
KPLT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $104.0M-3.6% | $107.9M+25.5% | $85.9M-5.1% | $90.6M+2.3% | $88.5M-5.0% | $93.2M+1.3% | $92.0M-13.7% | $106.6M |
| Current Assets | $101.3M-3.7% | $105.2M+26.6% | $83.1M-5.3% | $87.8M+2.5% | $85.7M-5.2% | $90.4M+0.9% | $89.5M-13.7% | $103.8M |
| Cash & Equivalents | $22.3M-0.4% | $22.4M+560.3% | $3.4M-7.2% | $3.7M-38.7% | $6.0M+72.2% | $3.5M-86.6% | $25.9M-23.3% | $33.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $135.9M-6.9% | $145.9M+1.1% | $144.3M-0.2% | $144.6M+3.2% | $140.2M+0.2% | $140.0M+5.8% | $132.2M-5.3% | $139.6M |
| Current Liabilities | $107.6M-8.5% | $117.6M-18.2% | $143.8M0.0% | $143.9M+3.4% | $139.2M+0.3% | $138.7M+5.9% | $131.0M-5.8% | $139.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$31.9M+16.2% | -$38.1M+34.8% | -$58.4M-8.0% | -$54.1M-4.6% | -$51.7M-10.5% | -$46.8M-16.2% | -$40.3M-22.2% | -$32.9M |
| Retained Earnings | -$141.4M+3.9% | -$147.1M+11.9% | -$166.9M-3.1% | -$162.0M-5.1% | -$154.1M-3.8% | -$148.5M-6.9% | -$138.9M-6.8% | -$130.0M |
KPLT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.2M+195.9% | -$12.7M-418.9% | $4.0M+160.2% | -$6.6M-293.0% | $3.4M+112.1% | -$28.5M-425.6% | -$5.4M-763.4% | -$628K |
| Capital Expenditures | $8K+33.3% | $6K+50.0% | $4K | $0-100.0% | $24K+33.3% | $18K+63.6% | $11K-56.0% | $25K |
| Free Cash Flow | $12.2M+195.8% | -$12.7M-419.3% | $4.0M+160.1% | -$6.6M-294.3% | $3.4M+112.0% | -$28.5M-424.9% | -$5.4M-732.0% | -$653K |
| Investing Cash Flow | -$384K-166.7% | -$144K+52.2% | -$301K-16.2% | -$259K+35.4% | -$401K+38.0% | -$647K-102.8% | -$319K-51.2% | -$211K |
| Financing Cash Flow | -$7.2M-126.2% | $27.4M+835.5% | -$3.7M-337.0% | $1.6M+129.8% | -$5.3M-134.3% | $15.4M+758.3% | -$2.3M-242.5% | $1.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
KPLT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.0%+7.4pp | 15.6%-4.0pp | 19.7%+4.1pp | 15.5%-4.4pp | 19.9%+8.2pp | 11.8%-8.1pp | 19.8%+2.9pp | 16.9% |
| Operating Margin | 5.5%+6.9pp | -1.4%-4.7pp | 3.3%+5.3pp | -2.0%-1.2pp | -0.8%+6.9pp | -7.7%-0.3pp | -7.4%-2.9pp | -4.5% |
| Net Margin | 7.2%-19.7pp | 26.9%+33.5pp | -6.7%+4.2pp | -10.9%-3.0pp | -7.9%+7.3pp | -15.2%-0.5pp | -14.7%-3.0pp | -11.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 5.5%-12.9pp | 18.4%+24.1pp | -5.8%+2.9pp | -8.6%-2.2pp | -6.4%+3.9pp | -10.3%-0.6pp | -9.7%-3.2pp | -6.5% |
| Current Ratio | 0.94+0.0 | 0.89+0.3 | 0.58-0.0 | 0.610.0 | 0.62-0.0 | 0.65-0.0 | 0.68-0.1 | 0.75 |
| Debt-to-Equity | -4.26-0.4 | -3.83-1.4 | -2.47+0.2 | -2.68+0.0 | -2.71+0.3 | -2.99+0.3 | -3.28+1.0 | -4.24 |
| FCF Margin | 15.4%+32.7pp | -17.2%-22.6pp | 5.4%+14.6pp | -9.2%-14.0pp | 4.8%+50.0pp | -45.3%-36.3pp | -9.0%-7.9pp | -1.1% |
Note: Shareholder equity is negative (-$38.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.89), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Katapult Holdings Inc's annual revenue?
Katapult Holdings Inc (KPLT) reported $291.8M in total revenue for fiscal year 2025. This represents a 18.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Katapult Holdings Inc's revenue growing?
Katapult Holdings Inc (KPLT) revenue grew by 18% year-over-year, from $247.2M to $291.8M in fiscal year 2025.
Is Katapult Holdings Inc profitable?
Yes, Katapult Holdings Inc (KPLT) reported a net income of $1.4M in fiscal year 2025, with a net profit margin of 0.5%.
What is Katapult Holdings Inc's EBITDA?
Katapult Holdings Inc (KPLT) had EBITDA of $163.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Katapult Holdings Inc's gross margin?
Katapult Holdings Inc (KPLT) had a gross margin of 17.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Katapult Holdings Inc's operating margin?
Katapult Holdings Inc (KPLT) had an operating margin of -0.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Katapult Holdings Inc's net profit margin?
Katapult Holdings Inc (KPLT) had a net profit margin of 0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Katapult Holdings Inc's free cash flow?
Katapult Holdings Inc (KPLT) generated -$12.0M in free cash flow during fiscal year 2025. This represents a 63.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Katapult Holdings Inc's operating cash flow?
Katapult Holdings Inc (KPLT) generated -$11.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Katapult Holdings Inc's total assets?
Katapult Holdings Inc (KPLT) had $107.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Katapult Holdings Inc's capital expenditures?
Katapult Holdings Inc (KPLT) invested $34K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Katapult Holdings Inc's current ratio?
Katapult Holdings Inc (KPLT) had a current ratio of 0.89 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Katapult Holdings Inc's debt-to-equity ratio?
Katapult Holdings Inc (KPLT) had a debt-to-equity ratio of -3.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Katapult Holdings Inc's return on assets (ROA)?
Katapult Holdings Inc (KPLT) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Katapult Holdings Inc's cash runway?
Based on fiscal year 2025 data, Katapult Holdings Inc (KPLT) had $22.4M in cash against an annual operating cash burn of $11.9M. This gives an estimated cash runway of approximately 23 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Katapult Holdings Inc's debt-to-equity ratio negative or unusual?
Katapult Holdings Inc (KPLT) has negative shareholder equity of -$38.1M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Katapult Holdings Inc's Altman Z-Score?
Katapult Holdings Inc (KPLT) has an Altman Z-Score of 0.79, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Katapult Holdings Inc's Piotroski F-Score?
Katapult Holdings Inc (KPLT) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Katapult Holdings Inc's earnings high quality?
Katapult Holdings Inc (KPLT) has an earnings quality ratio of -8.74x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Katapult Holdings Inc cover its interest payments?
Katapult Holdings Inc (KPLT) has an interest coverage ratio of -0.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Katapult Holdings Inc?
Katapult Holdings Inc (KPLT) scores 29 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.