Katapult Holdings Reports Strong Start to 2025

Katapult Holdings, Inc. ( (KPLT) ) has released its Q1 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, providing lease-to-own solutions for non-prime consumers in the U.S. through its innovative platform and app marketplace.

In its latest earnings report, Katapult Holdings, Inc. announced a strong start to 2025 with significant growth in gross originations and revenue, surpassing its initial outlook. The company highlighted increased consumer engagement and marketplace activity as key drivers of its performance.

Key financial metrics from the first quarter of 2025 include a 15.4% increase in gross originations, reaching $64.2 million, and a 10.6% rise in total revenue to $71.9 million. Despite these gains, the company reported a net loss of $5.7 million, primarily due to higher operating expenses and cost of sales. Katapult also noted a substantial increase in KPay originations and the expansion of its merchant network.

Looking ahead, Katapult remains optimistic about its growth prospects, expecting a 25% to 30% increase in gross originations and a 17% to 20% rise in revenue for the second quarter of 2025. The company plans to continue leveraging its strategic marketing initiatives and expanding its merchant partnerships to capture a larger share of the underserved consumer market.

Overall, Katapult Holdings, Inc. is poised for continued growth in 2025, with management confident in its ability to deliver value to stakeholders through a combination of disciplined expense management and a robust consumer offering.