Katapult Holdings, Inc.

Katapult Holdings, Inc. reported FY 2025 total revenue of $291.8M, a 18.0% increase from $247.2M in FY 2024. The company achieved net income of $1.4M, a significant improvement from a net loss of $25.9M in the prior year. This turnaround was driven by revenue growth and a $17.4M gain from a change in the fair value of derivative liability and warrants, partially offset by high interest expense of $20.6M. However, the company reported a net loss attributable to common stockholders of $557K after accounting for $1.9M in accumulated undeclared dividends on preferred stock. Key forward-looking items include a pending merger with CCFI and Aaron's expected to close in Q2 2026, and substantial doubt about the company's ability to continue as a going concern due to the maturity of its $78.7M revolving credit facility in December 2026.

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