# Katapult Holdings, Inc. (KPLT)

> Source: Nexqual · https://nexqual.com/KPLT · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Katapult Holdings, Inc. (KPLT), nexqual.com/KPLT" · informational, not investment advice.

**Price:** USD 7.58 (-8.23% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 8.26 · day 7.47–8.42 · 52w 3.85–12.96 · market cap $643M · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $302M, net income $16.2M (5.4% margin), free cash flow -$2.6M (SEC filings).
- Valuation: P/E 39.7x (avg 23.8x at the last 1 fiscal year-ends).
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $6K; 2 not under a Rule 10b5-1 plan ($6K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: None.
- Total return with dividends: 1Y -38.5% vs S&P 500 +14.9%; 5Y -93.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-11, EPS estimate USD —, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $303M | $209M | $222M | $247M | $292M | $302M |
| Gross profit | $89.0M | $37.4M | $41.7M | $45.8M | $51.6M | — |
| Operating income | $1.7M | -$28.4M | -$18.8M | -$8.1M | -$513K | $3.8M |
| Net income | $21.2M | -$40.5M | -$36.7M | -$25.9M | $1.4M | $16.2M |
| EPS (diluted) | $6.50 | -$10.30 | -$8.97 | -$5.96 | -$0.11 | — |
| Free cash flow | $1.8M | -$21.0M | -$17.4M | -$32.6M | -$12.0M | -$2.6M |
| Gross margin | 29.4% | 17.9% | 18.8% | 18.5% | 17.7% | — |
| Operating margin | 0.5% | -13.6% | -8.5% | -3.3% | -0.2% | 1.3% |
| Net margin | 7.0% | -19.3% | -16.5% | -10.5% | 0.5% | 5.4% |
| Revenue growth | +22.6% | -30.9% | +5.8% | +11.6% | +18.0% | — |
| Cash + short-term investments | $92.5M | $65.4M | $21.4M | $3.5M | $22.4M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 39.7x · P/S 2.1x · FCF yield -0.41% · Earnings yield 2.52%
P/E at fiscal year-ends: Dec 2025 23.8x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-11 | Hhcf Series 21 Sub, Llc |  | 612,985 | $0K | 95% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-10 | Hhcf Series 21 Sub, Llc |  | 1,017 | $6K | 0.2% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -38.5% | -93.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -38.5% | -41.8% |
| Volatility (annualized) | 88.2% | 96.5% |
| Max drawdown | -67.5% (Oct 2025→Oct 2026) | -96.5% (Nov 2021→Sep 2026) |

## Peers (Software - Infrastructure)
PAY (Paymentus Holdings, Inc.) USD 34.07 +3.06% · DLO (DLocal Limited) USD 14.84 -2.05% · BLSH (Bullish) USD 29.19 -1.95% · TENB (Tenable Holdings, Inc.) USD 42 +3.27% · BB (BlackBerry Limited) USD 8.59 -8.71% · RELY (Remitly Global, Inc.) USD 25.32 -0.39%

## More
Full page: https://nexqual.com/KPLT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in KPLT's own 10-K filed 2026-03-11 (https://www.sec.gov/Archives/edgar/data/1785424/000162828026016661/kplt-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | CCF Holdings | "In connection with the pendency of the Mergers, some customers, suppliers and other persons with whom the Company, CCFI or Aaron's do business may delay or defer certain business decisions or terminate, change or renegot…" |
| Customer | Amazon (AMZN) | "We also utilize third-party cloud infrastructure services, principally AWS, to host and operate our platform and we use certain third-party tools in areas such as marketing automation, customer engagement and collections…" |
| Partner | Wayfair Inc. (W) | "Our largest merchant partner is Wayfair, Inc. ("Wayfair")." |
| Partner | Shopify (SHOP) | "In addition to Wayfair, we have contractual arrangements with many of our other e-commerce partners, including Shopify, BigCommerce, WooCommerce, and Magneto among others." |
| Partner | Intermediate Holdco | "We have entered into a definitive merger agreement with CCF Holdings LLC ("CCFI"), Aaron's Intermediate Holdco, Inc. ("Aaron's"), which, if completed, is expected to materially expand our business." |

## Customer concentration

Period ended 2026-06-30: 10% of revenue from unnamed direct customers (10-Q, filed 2026-08-04).

## Company outlook (8-K filed 2026-08-04)

- "Adjusted EBITDA Increases Nearly 280% Pending Merger Transaction with The Aaron's Company and CCF Holdings LLC Expected to Create a Scaled Financial Solutions Platform for Nonprime Consumers PLANO, Texas, DATE, 2026— Katapult Holdings, Inc."
- "We expect this transaction to close in August 2026, subject to requisite stockholder approval and the satisfaction of other customary closing conditions."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |