KPLTW Overview

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.

Financial Performance: Katapult Holdings reported a 30% growth in gross originations and a 22% increase in revenue for Q2 2025, while also raising its full-year outlook for gross originations to between 20% and 25%. The company experienced a net loss of $7.8 million, attributed partly to one-time expenses from debt refinancing.

Operational Highlights: The Katapult app marketplace saw significant engagement with approximately 60% of gross originations coming from it, and customer satisfaction remained high with a Net Promoter Score of 63. The company is focused on expanding its merchant partnerships and enhancing customer experience through new features and targeted marketing campaigns.

Upcoming Financial Results Announcement: Katapult Holdings, Inc. will release its second quarter 2025 financial results on August 13, 2025, and will host a conference call at 8:00 AM ET to discuss these results.

Company Overview: Katapult is a lease-to-own platform that provides financing solutions for underserved U.S. non-prime consumers through partnerships with retailers and e-commerce platforms, emphasizing fairness and dignity in their payment solutions.

Financial Performance: Katapult Holdings reported a strong first quarter in 2025 with gross originations increasing by 15.4% to $64.2 million and total revenue rising by 10.6% to $71.9 million, despite a net loss of $5.7 million due to higher operating expenses.

Growth Outlook: The company anticipates continued growth in the second quarter, projecting a 25% to 30% increase in gross originations and a 17% to 20% rise in revenue, while reiterating its full-year guidance for at least 20% growth in gross originations and revenue.

Upcoming Financial Results Announcement: Katapult Holdings, Inc. will release its first quarter 2025 financial results on May 15, 2025, and host a conference call at 8:00 AM ET to discuss these results.

Company Overview: Katapult is a lease-to-own platform that provides financing solutions for non-prime consumers through partnerships with retailers and e-commerce platforms, emphasizing fairness and dignity in their services.

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.