Katapult Holdings, Inc.
ir.katapultholdings.comWhat Do They Do?
Offers lease-to-own options for durable goods through retailers and online shopping platforms to underserved consumers who may not qualify for traditional financing.
10-K for FY2025, filed Mar 11, 2026We are a technology driven lease-to-own ("LTO") platform that integrates with omnichannel retailers and e-commerce platforms to power the…View ↗
An LTO transaction is a flexible alternative for consumers to obtain and enjoy merchandise with no long-term obligation. Goods are leased…View ↗
For merchants, our LTO solution provides access to a new customer base that historically has not qualified for traditional prime financing.…View ↗
How Do They Make Money?
Consumers make recurring lease payments for goods they receive, and Katapult collects cash as customers pay. It also sells delinquent lease balances to third-party buyers for a fixed upfront payment.
10-K for FY2025, filed Mar 11, 2026An LTO transaction is a flexible alternative for consumers to obtain and enjoy merchandise with no long-term obligation. Goods are leased…View ↗
Katapult’s primary source of revenue is generated from recurring payment streams related to our contracted lease payments with consumers.…View ↗
Total revenue is comprised of rental revenue and other revenue. Rental revenue is recognized in the period it is earned and cash is…View ↗
Other Revenue— Other revenue consists primarily of the sale of property held for lease (and lease agreements) to third parties and other…View ↗
$291.8M
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10-K for FY2025, filed Mar 11, 2026
$291.8M ↗
Who Are Their Customers?
Underserved nonprime consumers use Katapult to lease durable goods. Retailers and e-commerce platforms offer the option through checkout integrations, financing platforms, the Katapult app marketplace and in-store checkout.
10-K for FY2025, filed Mar 11, 2026We are a technology driven lease-to-own ("LTO") platform that integrates with omnichannel retailers and e-commerce platforms to power the…View ↗
Currently, we offer four channels by which consumers can access our platform, and these products are our primary customer acquisition…View ↗
Finally, we also offer an in-store POS integration option called text-to-checkout, which simplifies the in-store leasing experience for…View ↗
Do Revenues Turn Into Profits?
Yes. It kept less than a cent of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$12M.
10-K for FY2025, filed Mar 11, 2026
−$513KView ↗
10-K for FY2025, filed Mar 11, 2026
$1.4MView ↗
10-K for FY2025, filed Mar 11, 2026
−$12MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 4, 2026
−$4.4MView ↗
- ▼ −44% (Loss)
- vs −$7.8M in Q2 FY2025
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Sep 4, 2026
Katapult changed its independent auditor
It dismissed Grant Thornton and appointed Elliott Davis.
Sources
8-K, filed Sep 4, 2026
On September 2, 2026, the Audit Committee of the Board of Directors (the “Committee”) of Katapult Holdings, Inc. (the “Company”) approved…View ↗
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Aug 11, 2026
Katapult completed its combination with Aaron’s and CCFI
The businesses became wholly owned subsidiaries, and Cory Miller became CEO.
Sources
8-K, filed Aug 11, 2026
ATLANTA, August 11, 2026 -- Katapult Holdings, Inc. (“Katapult Holdings” or the “Company”) (NASDAQ: KPLT), a scaled, technology and…View ↗
Flat. Revenue was $291.8M in FY2025, about the same as the $303.1M of FY2021.
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