Earnings summaries and quarterly performance for Katapult Holdings.
Executive leadership at Katapult Holdings.
Board of directors at Katapult Holdings.
Research analysts who have asked questions during Katapult Holdings earnings calls.
Recent press releases and 8-K filings for KPLT.
Katapult Holdings Announces Merger Agreement with Aaron's and CCF Holdings
KPLT
M&A
- Katapult Holdings, Inc. has entered into an Agreement and Plan of Merger to acquire Aaron's Intermediate Holdco, Inc. and CCF Holdings LLC (CCFI), which will become indirect wholly-owned subsidiaries of Katapult.
- As part of the CCFI Merger, the aggregate CCFI Interests will be converted into the right to receive 58,516,558 shares of Katapult Common Stock.
- Certain signatories of a lock-up agreement will be restricted from transferring Katapult Common Stock and related securities for 12 months after the Closing Date of the merger.
- For three years following the closing, any increase in the size of the Katapult Board above nine directors will require approval from 80% of the current Katapult Board members.
Dec 15, 2025, 9:07 PM
Katapult Holdings Announces All-Stock Merger with The Aaron's Company and CCF Holdings
KPLT
M&A
CEO Change
CFO Change
- Katapult Holdings, Inc. has entered into a definitive all-stock transaction agreement to combine with The Aaron’s Company, Inc. and CCF Holdings LLC.
- Upon the close of the transaction, current Katapult stockholders will own 6% of the combined company on a fully diluted basis.
- The transaction is expected to close in the first half of 2026.
- The combined company is projected to have more than $4 billion in pro forma LTM revenue and approximately $450 million in pro forma LTM Adjusted EBITDA as of Q3 2025.
- The combined company will be headquartered in Atlanta, Georgia, with Cory Miller serving as CEO and Russell Falkenstein as CFO.
Dec 12, 2025, 11:00 AM
Katapult Holdings Reports Strong Q3 2025 Results, Secures $65M Investment, and Updates Outlook
KPLT
Earnings
Guidance Update
Convertible Preferred Issuance
- Katapult Holdings reported strong Q3 2025 financial results, with gross originations increasing 25.3% to $64.2 million and revenue growing 22.8% to $74 million. The company delivered $4.4 million in positive adjusted EBITDA, exceeding its outlook range.
- The company secured a $65 million capital investment from Hawthorne Horizon Credit Fund, which was used to fully repay its term loan and reduce its revolving line of credit, aiming for a more efficient capital structure.
- Growth in key operating metrics was robust, with applications increasing 76% year-to-date 2025, unique new customers growing 35% year-to-date, and KPay originations surging 66% year-over-year in Q3 2025 to $26.4 million.
- For Q4 2025, Katapult expects gross originations growth of 15%-20%, revenue growth of 21%-23%, and approximately $2 million in adjusted EBITDA. The full-year 2025 outlook was tempered, projecting gross originations growth of 20%-23%, revenue growth of 18%-20%, and adjusted EBITDA of $8-$9 million.
- The company implemented tighter underwriting decisions late in Q3 2025 due to a slight downward trend in application quality and macroeconomic concerns, which is expected to positively impact credit quality and write-offs in future quarters.
Nov 12, 2025, 1:00 PM
Katapult Reports Strong Q3 2025 Financial Performance
KPLT
Earnings
Revenue Acceleration/Inflection
Convertible Preferred Issuance
- Katapult reported Gross Originations of $64.2 million in Q3 2025, an increase of 25.3% year-over-year, and Total Revenue of $74.0 million, up 22.8% year-over-year.
- The company achieved Adjusted EBITDA of $4.4 million in Q3 2025, a substantial increase from $0.6 million in Q3 2024, while also reducing its Net Loss to $(4.9) million from $(8.9) million in the prior year period.
- Fixed Cash Operating Expenses decreased by 21.4% year-over-year to $7.5 million in Q3 2025, reflecting ongoing fiscal discipline.
- Marketplace activity showed strong growth, with applications increasing 80%+ year-over-year in Q3 2025, and 55.3% of gross originations coming from repeat customers.
- Katapult announced a capital transaction that strengthens its balance sheet, which included obtaining shareholder approval for the issuance of convertible shares and warrants.
Nov 12, 2025, 1:00 PM
Katapult Reports Q3 2025 Financial Results and Updates Full Year Outlook
KPLT
Earnings
Guidance Update
Convertible Preferred Issuance
- Katapult reported Q3 2025 gross originations of $64.2 million, an increase of 25.3% year-over-year, and total revenue of $74.0 million, up 22.8% year-over-year.
- The company significantly improved its profitability, with a net loss of $4.9 million for Q3 2025, an improvement from a net loss of $8.9 million in Q3 2024, and Adjusted EBITDA of $4.4 million, up from $0.6 million in Q3 2024.
- Katapult secured a $65.0 million investment from Hawthorn Horizon Credit Fund in convertible preferred stock, with a portion of the proceeds used to repay approximately $35.1 million of its existing term loan and part of its revolving credit facility, strengthening its balance sheet.
- For Q4 2025, Katapult expects gross originations to increase by 15% to 20% and revenue by 21% to 23% year-over-year, with Adjusted EBITDA projected at approximately $2 million.
- The full year 2025 outlook was updated, expecting gross originations growth of 20% to 23%, revenue growth of 18% to 20%, and Adjusted EBITDA between $8 million and $9 million.
Nov 12, 2025, 12:38 PM
Katapult Holdings, Inc. Enters Series A Investment Agreement
KPLT
Convertible Preferred Issuance
Board Change
- Katapult Holdings, Inc. has entered into a Series A Investment Agreement with HHCF Series 21 Sub, LLC for the issuance and sale of 35,000 shares of Series A Convertible Preferred Stock.
- The initial conversion rate for the Series A Convertible Preferred Stock is 81.16883 shares of Common Stock, based on an implied initial conversion price of $12.32 per share.
- The Series A Convertible Preferred Stock carries a regular dividend rate of 18% per annum, which will adjust to 12% per annum after the later of the Requisite Stockholder Approval or the Company's 2026 annual meeting of stockholders.
- Conversion of the Preferred Stock is subject to an ownership limitation of 19.99% of aggregate votes without obtaining Requisite Stockholder Approval.
- As part of the agreement, Brian Hirsch, Chris Masto, and Jane J. Thompson are required to resign from the Board of Directors.
Nov 3, 2025, 9:17 PM
Katapult Holdings, Inc. enters into a fifth limited waiver for loan agreement default
KPLT
Debt Issuance
Demand Weakening
Convertible Preferred Issuance
- Katapult Holdings, Inc. entered into a Fifth Limited Waiver on October 27, 2025, related to its Amended and Restated Loan and Security Agreement.
- The waiver addresses the company's failure to maintain Minimum Trailing Three-Month Originations of at least $61,000,000 as of August 31, 2025, and September 30, 2025.
- This Fifth Limited Waiver temporarily waives the existing default until October 29, 2025.
- Despite the temporary waiver, the default is considered continuing for Conversion Rights, allowing Class B Lenders to convert up to 100% of the outstanding Term Loan into common stock.
- The conversion would be based on the 20-day Volume Weighted Average Price (VWAP), which was approximately $13.04 as of October 24, 2025.
Oct 27, 2025, 9:28 PM
Quarterly earnings call transcripts for Katapult Holdings.
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