Katapult Sets Full-Year Gross Originations Growth Target of 20%–23% While Prioritizing Profitability and Capital Restructuring
Management Insights: Katapult Holdings secured a $65 million investment from Hawthorn Horizon Credit Fund, allowing for debt repayment and growth investments, while reporting significant increases in applications (76%) and unique customers (35%) in Q3 2025.
Financial Performance: The company achieved a 25.3% growth in gross originations and a 22.8% increase in revenue, marking ten consecutive quarters of year-over-year growth, with positive adjusted EBITDA of $4.4 million.
Outlook and Guidance: For Q4 2025, Katapult expects gross originations to grow by 15% to 20% and revenue by 21% to 23%, while full-year projections indicate a 20% to 23% growth in gross originations and 18% to 20% in revenue.
Risks and Strategic Focus: Management acknowledged macroeconomic risks such as inflation and market delinquency, while emphasizing a shift towards optimizing profitability and cost discipline in response to these challenges.
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Katapult Delivers Double-Digit Gross Originations Growth in the Fourth Quarter, Above Outlook
Strong Financial Performance: Katapult Holdings reported a successful fourth quarter in 2024 with significant growth in gross originations (11.3% increase) and application volume (50% increase), driven by effective marketing campaigns and enhanced app features, leading to a positive outlook for continued growth into 2025.
Business Model Transition: The company is successfully transitioning to a two-sided marketplace model, with approximately 61% of gross originations originating from its app marketplace, indicating increased consumer engagement and satisfaction, as reflected in a high Net Promoter Score of 58.
RedPocket Mobile Chooses Katapult's Innovative Solution as its Exclusive Lease-to-Own Option
Partnership Announcement: Katapult Holdings has formed an exclusive agreement with RedPocket Mobile to integrate its lease-to-own payment solution into RedPocket's checkout process, enabling nonprime consumers to access high-quality mobile devices more easily.
Consumer Benefits: The lease-to-own option provides financial flexibility without surprise fees or long-term obligations, allowing customers to understand the total cost upfront and return devices at any time, thus enhancing accessibility to essential mobile technology.
Katapult Grows Second Quarter Revenue 9% Year-Over-Year
Financial Performance: Katapult Holdings reported a 1.1% increase in gross originations to $55.3 million and an 8.7% rise in total revenue to $58.9 million for Q2 2024, while also improving its net loss to $6.9 million compared to the previous year.
Future Outlook: The company anticipates at least 10% growth in gross originations and revenue for the full year 2024, despite macroeconomic challenges, and aims for breakeven or better Adjusted EBITDA in Q3 2024.
Meineke Selects Katapult's Innovative Lease-to-Own Solution
PayTomorrow Integrates Katapult into Its Waterfall Application Process
Katapult to Announce First Quarter 2024 Financial Results on May 15, 2024
Katapult Delivers Double-Digit Gross Originations Growth in the Fourth Quarter, Above Outlook
Strong Financial Performance: Katapult Holdings reported a successful fourth quarter in 2024 with significant growth in gross originations (11.3% increase) and application volume (50% increase), driven by effective marketing campaigns and enhanced app features, leading to a positive outlook for continued growth into 2025.
Business Model Transition: The company is successfully transitioning to a two-sided marketplace model, with approximately 61% of gross originations originating from its app marketplace, indicating increased consumer engagement and satisfaction, as reflected in a high Net Promoter Score of 58.
RedPocket Mobile Chooses Katapult's Innovative Solution as its Exclusive Lease-to-Own Option
Partnership Announcement: Katapult Holdings has formed an exclusive agreement with RedPocket Mobile to integrate its lease-to-own payment solution into RedPocket's checkout process, enabling nonprime consumers to access high-quality mobile devices more easily.
Consumer Benefits: The lease-to-own option provides financial flexibility without surprise fees or long-term obligations, allowing customers to understand the total cost upfront and return devices at any time, thus enhancing accessibility to essential mobile technology.
Katapult Grows Second Quarter Revenue 9% Year-Over-Year
Financial Performance: Katapult Holdings reported a 1.1% increase in gross originations to $55.3 million and an 8.7% rise in total revenue to $58.9 million for Q2 2024, while also improving its net loss to $6.9 million compared to the previous year.
Future Outlook: The company anticipates at least 10% growth in gross originations and revenue for the full year 2024, despite macroeconomic challenges, and aims for breakeven or better Adjusted EBITDA in Q3 2024.
Meineke Selects Katapult's Innovative Lease-to-Own Solution
PayTomorrow Integrates Katapult into Its Waterfall Application Process
Katapult to Announce First Quarter 2024 Financial Results on May 15, 2024
