Significant Capital Investment
Katapult Holdings received a $65 million investment from Hawthorn Horizon Credit Fund, which allowed the company to pay off its term loan, reduce its revolving line of credit, and invest in growth opportunities.
Strong Application and Customer Growth
Applications grew by 76% in the first three quarters of 2025, leading to a 35% increase in unique new customers and a 30% growth in the total customer base during the third quarter.
Revenue and Gross Originations Growth
The company experienced a 22.8% revenue growth and a 25.3% increase in gross originations in Q3 2025, marking ten consecutive quarters of revenue growth.
Positive Adjusted EBITDA
Katapult delivered $4.4 million in positive adjusted EBITDA for Q3 2025, exceeding the $3 million to $3.5 million range.
Expansion of KPay Originations
KPay originations grew 66% year-over-year in Q3, representing 41% of total gross originations.