Katapult Holdings, Inc. ( (KPLT) ) has released its Q3 earnings. Here is a breakdown of the information Katapult Holdings, Inc. presented to its investors.
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Katapult Holdings, Inc. is a financial technology company specializing in e-commerce solutions, primarily offering lease-to-own options for non-prime consumers in the U.S. Through its innovative platform, Katapult integrates with retailers to facilitate the purchase of durable goods for underserved markets.
In its latest earnings report for the third quarter of 2025, Katapult Holdings, Inc. announced significant growth in gross originations, revenue, and adjusted EBITDA. The company also highlighted a recent capital transaction with Hawthorn Horizon Credit Fund, which bolstered its liquidity and strengthened its balance sheet.
Key financial metrics from the report include a 25% increase in gross originations, totaling $64.2 million, and a 22.8% rise in total revenue, reaching $74.0 million. The company also reported a reduction in net loss to $4.9 million, an improvement from the previous year’s $8.9 million loss. Additionally, Katapult’s adjusted EBITDA saw a substantial increase to $4.4 million from $0.6 million in the prior year.
Strategically, Katapult has focused on expanding its app marketplace, which accounted for 61% of gross originations in the third quarter. The introduction of Apple into its ecosystem and the growth of its KPay service, which saw a 66% increase in gross originations, underscore its commitment to enhancing consumer engagement and merchant partnerships.
Looking ahead, Katapult’s management remains optimistic, forecasting continued growth in the fourth quarter with expected increases in gross originations and revenue. Despite macroeconomic challenges, the company is poised to leverage its strengthened financial position and innovative platform to capitalize on long-term growth opportunities.