Katapult Holdings Reports Strong Q2 2025 Results

Katapult Holdings, Inc. ( (KPLT) ) has released its Q2 earnings. Here is a breakdown of the information Katapult Holdings, Inc. presented to its investors.

Katapult Holdings, Inc. is a financial technology company specializing in e-commerce, offering lease-to-own solutions for non-prime consumers in the United States. The company integrates with retailers and e-commerce platforms to facilitate purchases of durable goods.

In its latest earnings report, Katapult Holdings announced impressive financial results for the second quarter of 2025, surpassing its own expectations in gross originations, revenue, and adjusted EBITDA. The company is raising its outlook for full-year gross originations, indicating confidence in continued growth.

Key highlights from the report include a 30% increase in gross originations, driven by an 81% rise in KPay originations, and a 22% growth in revenue compared to the previous year. Customer engagement also saw significant improvement, with a 40% increase in new customers and a high repeat customer rate. The company expanded its merchant network, adding notable partners such as Sam’s Club and Pottery Barn.

Despite a net loss of $7.8 million for the quarter, Katapult improved its adjusted EBITDA to $0.3 million from a loss in the previous year. The company also completed a refinancing agreement, enhancing its liquidity and reducing interest rates, which is expected to support future growth.

Looking ahead, Katapult remains optimistic about its growth prospects for the remainder of 2025, focusing on expanding its merchant network and enhancing customer engagement. The company aims to maintain strong credit quality and expects continued revenue growth, positioning itself well in the lease-to-own market for non-prime consumers.