Katapult Holdings, Inc. KPLT

Technology SIC 7359 - Services-Equipment Rental & Leasing, NEC NAICS Real Estate and Rental and Leasing › Rental and Leasing Services derived Nasdaq

We are a technology driven lease-to-own ("LTO") platform that integrates with omnichannel retailers and e-commerce platforms to power the purchasing of everyday durable goods by underserved U.S. nonprime customers. We were founded and incorporated in Delaware in 2012. We primarily operate within the virtual LTO market, which is estimated to have a total addressable market opportunity of $50 - $60 billion. We operate exclusively in the U.S. and our platform is available for use by consumers in 46 states and the District of Columbia. Based on our 2025 gross originations, we believe that we currently capture less than 1% market share.

We have entered into a definitive merger agreement with CCF Holdings LLC ("CCFI"), Aaron's Intermediate Holdco, Inc. ("Aaron's"), which, if completed, is expected to materially expand our business. See "Our Strategy" below.

Last close 7.84 2026-10-23
Market cap $39.0M 2026-06-30 share count
52-week range 3.85 - 12.56

Valuation FY2025 figures against the last close

P/S0.1x
P/E—
P/FCF—
EV/EBITDA0.2x
Dividend yield—
Diluted EPS-0.11

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $291.8M$247.2M$221.6M$209.5M$303.1M$247.2M$91.9M—
Cost of revenue $240.2M$201.4M$179.9M$172.1M$214.1M$167.4M$71.2M—
Gross profit $51.6M$45.8M$41.7M$37.4M$89.0M$79.8M$20.7M—
SG&A $11.2M$10.9M$10.9M$14.3M$11.3M$4.3M$4.2M—
Operating income -$513.0K-$8.1M-$18.8M-$28.4M$1.7M$36.9M-$9.4M—
Interest expense $20.6M$18.9M$17.8M$19.3M$16.5M$13.6M$8.6M—
Pre-tax income $1.7M-$25.8M-$36.5M-$40.5M$21.7M$23.0M-$18.8M—
Income tax $319.0K$143.0K$165.0K$50.0K$539.0K$487.0K$0—
Net income $1.4M-$25.9M-$36.7M-$40.5M$21.2M$22.5M-$18.8M—
EPS, basic -0.11-5.96-8.97-10.300.310.73-0.73—
EPS, diluted -0.11-5.96-8.97-10.300.260.48-0.73—
Shares, diluted (wtd. avg.) 5.0M4.3M4.1M3.9M80.6M46.9M25.7M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $22.4M$3.5M$28.8M$69.8M$80.6M$65.6M$12.2M$3.0M
Receivables ———$0$2.0M$1.6M——
Total current assets $105.2M$90.4M$97.6M$137.8M$140.9M$139.2M$1.7M—
Other intangibles $1.7M$1.6M$1.3M$1.4M$1.0M———
Total assets $107.9M$93.2M$100.9M$141.2M$144.2M$139.8M$252.3M—
Accounts payable $1.9M$1.5M$903.0K$1.8M$2.4M$1.7M$118.8K—
Total current liabilities $117.6M$138.7M$42.3M$21.5M$21.5M$17.3M$221.3K—
Total liabilities $118.0M$140.0M$128.9M$123.5M$117.4M$140.8M$22.3M—
Retained earnings -$147.1M-$148.5M-$122.5M-$62.7M-$51.9M-$58.0M-$3.1M—
Total equity -$38.1M-$46.8M-$28.0M-$2.1M$34.2M-$949.0K-$23.9M-$21.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow -$11.9M-$32.6M-$17.4M-$20.8M$2.2M-$2.1M-$31.6M—
Depreciation and amortisation $164.3M$140.6M$126.5M$116.8M$144.0M$111.4M$47.1M—
Stock-based compensation $3.7M$5.8M$7.0M$6.4M$13.0M$351.0K$315.0K—
Capital expenditure $34.0K$54.0K$20.0K$168.0K$384.0K$234.0K$82.0K—
Investing cash flow -$1.1M-$1.3M-$974.0K-$1.5M-$1.4M-$402.0K$91.0K—
Financing cash flow $20.0M$21.6M-$22.6M-$4.2M$26.1M$59.9M$40.8M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-075810.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M 400M Revenue, FY2019: 91.9M Gross profit, FY2019: 20.7M Net income, FY2019: -18.8M Revenue, FY2020: 247.2M Gross profit, FY2020: 79.8M Net income, FY2020: 22.5M Revenue, FY2021: 303.1M Gross profit, FY2021: 89M Net income, FY2021: 21.2M Revenue, FY2022: 209.5M Gross profit, FY2022: 37.4M Net income, FY2022: -40.5M Revenue, FY2023: 221.6M Gross profit, FY2023: 41.7M Net income, FY2023: -36.7M Revenue, FY2024: 247.2M Gross profit, FY2024: 45.8M Net income, FY2024: -25.9M Revenue, FY2025: 291.8M Gross profit, FY2025: 51.6M Net income, FY2025: 1.4M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $91.9M $247.2M $303.1M $209.5M $221.6M $247.2M $291.8M
Gross profit — $20.7M $79.8M $89.0M $37.4M $41.7M $45.8M $51.6M
Net income — -$18.8M $22.5M $21.2M -$40.5M -$36.7M -$25.9M $1.4M

Recent filings and events

  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement signed Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Change of control Control of the company has changed hands. Item 5.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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