Katapult reports Q4 revenue $73.88M vs. $62.96M last year

Reports Q4 adjusted EBITDA $5.4M vs. ($1.1M) last year. “We made a lot of operating and financial progress during 2025 driven both by the strength of our product offering as well as our team’s dedication to growth and success,” said Orlando Zayas, CEO of Katapult (KPLT). “During 2025 we achieved 17% gross originations growth, which was supported by a 45% increase in applications and a 25% increase in lease originations, illustrating the affinity our customers have for our lease-to-own, or LTO, offering and the value we bring to our merchant-partners. While gross originations growth was quite robust, we fell slightly short of our 20-23% growth objective. Our fourth quarter marked our thirteenth consecutive quarter of gross originations growth, but our customers began to show signs of stress and the holiday season was not as strong as we anticipated. We saw a notable slowdown of year-over-year growth in November compared with October and only a slight pick-up in December.”