Katapult sees Q1 revenue growth ~10% y/y

Given quarter-to-date progress, Katapult (KPLT) expects the following results for the first quarter of 2025: Approximately 11% year-over-year increase in gross originations; Approximately 10% year-over-year increase in revenue; Approximately $3M of positive adjusted EBITDA. “The company is continuing to navigate a challenging macro environment particularly within the home furnishings category. Given the current breadth of our merchant selection as well as our plans to introduce new merchants to the Katapult App Marketplace during 2025, our strategic marketing and our strong consumer offering, we believe we are well positioned to deliver continued growth in 2025. We continue to believe that we have a large addressable market of underserved, non-prime consumers, and it’s important to note that lease-to-own solutions have historically benefited when prime credit options become less available.”