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Katapult Holdings, Inc. 10-Q Filings

KPLT NASDAQ

Every 10-Q that Katapult Holdings, Inc. (KPLT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow KPLT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KPLT filings page.

Rhea-AI Summary

Katapult Holdings, Inc., a lease-to-own platform serving non-prime U.S. consumers, reported Q2 2026 revenue of $74,761 thousand, up from $71,886 thousand a year earlier, as gross originations increased to $75,494 thousand. Gross profit was $11,508 thousand, slightly above the prior year.

Operating expenses rose to $13,437 thousand, driven by merger-related and litigation costs, producing an operating loss of $1,929 thousand. Lower interest expense after the 2025 term-loan repayment and a favorable remeasurement of derivative liabilities reduced the quarterly net loss to $4,388 thousand. For the first six months of 2026, Katapult generated net income of $1,298 thousand versus a loss in the prior-year period.

As of June 30, 2026, the company held $24,088 thousand in cash, cash equivalents and restricted cash and had $74,065 thousand outstanding on its New Revolving Facility, which matures on December 4, 2026. Management determined that this near-term maturity raised substantial doubt about standalone going concern, but concluded that planned refinancing and pending mergers with CCFI and Aaron’s, expected to close in August 2026, will alleviate that doubt. Existing Katapult stockholders are expected to own about 6.0% of the combined company after the mergers.

Rhea-AI Summary

Katapult Holdings, Inc. reported stronger results for the quarter ended March 31, 2026, moving to net income of $5.7 million from a net loss a year earlier. Revenue rose to $79.0 million, up 9.8%, as rental revenue and other revenue both increased.

Gross profit improved to $18.2 million, or 23.0% of revenue, helped by portfolio growth and higher buyout activity. Adjusted EBITDA reached $6.4 million. Results also benefited from a $4.3 million gain on the fair value of derivative and warrant liabilities and lower interest expense after a prior term loan repayment.

The company highlighted substantial doubt about its ability to continue as a going concern because its $110 million New Revolving Facility, with $71.6 million outstanding, matures in December 2026 and will require refinancing. Katapult also obtained covenant waivers in April and May 2026. It is pursuing strategic mergers with CCFI and Aaron’s, expected to close in the third quarter of 2026, which would significantly change ownership and capital structure.

Rhea-AI Summary

Katapult Holdings (KPLT) reported Q3 results and updated its capital structure. Total revenue was $74.0 million, up from $60.3 million a year ago, driven by rental revenue of $72.8 million. Gross profit rose to $14.6 million from $11.9 million, while operating expenses fell to $12.1 million from $16.4 million. The company posted a net loss of $4.9 million versus a $8.9 million loss last year. For the nine months, revenue reached $217.9 million with a net loss of $18.5 million.

Liquidity remains tight. Cash and cash equivalents were $3.4 million and restricted cash was $5.6 million. Debt included $79.6 million under a new revolving facility and a $30.6 million carrying amount on a new term loan. In June 2025, Katapult refinanced into a $110 million New Revolving Facility and a $32.7 million New Term Loan bearing 18.0% PIK interest and recorded a $5.1 million derivative liability tied to conversion features during the quarter. The company disclosed that covenants under the New Revolving Facility raise substantial doubt about its ability to continue as a going concern. Stockholders’ deficit widened to $58.4 million. Settlements in shareholder and advisory litigation were finalized, with remaining installments scheduled as disclosed.