---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-014384"
form_type: "8-K"
ticker: "KPLT"
cik: "0001785424"
company_name: "Katapult Holdings, Inc."
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:43:07.402089+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Katapult restates 2022-2023 financials; revenue overstated $2.3M, sales tax understated $5.4M

## Summary
- Non-reliance on previously issued financials for 2022 annual, 2022-2023 quarters, and Q4 2023 earnings release due to material misstatements.
- Estimated 2022 revenue decrease $2.3M, depreciation expense increase $1.0M; sales tax payable increase $5.4M as of Dec 31, 2022.
- As of Dec 31, 2023, sales tax payable increase $0.2M; additional immaterial corrections pending finalization.
- Filing of 2023 10-K delayed; Form 12b-25 filed April 2, 2024.

## SEC filing metadata
- accession: 0001628280-24-014384
- form_type: 8-K
- ticker: KPLT
- cik: 0001785424
- company_name: Katapult Holdings, Inc.
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785424/000162828024014384/0001628280-24-014384-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785424/000162828024014384/kplt-20240401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-014384
- JSON: https://secwatch.observer/filing/0001628280-24-014384.json
- Plain text: https://secwatch.observer/filing/0001628280-24-014384.txt

## Key facts
- Auditor Changes
  Katapult Holdings, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Deloitte & Touche LLP
  - Successor: Grant Thornton, LLP
  source text: For the year ended December 31, 2022, the estimated impact of the restatements of the Company's consolidated statements of operations and comprehensive loss is expected to decrease revenue by $2.3 million and increase depreciation expense included in cost of revenue by $1.0 million. As of December 31, 2022, the estimated impact of the restatements of the Company’s consolidated balance sheet will be a cumulative increase in sales tax payable of $5.4 million and a decrease in property held for lease of $1.0 million. As of December 31, 2023, the estimated impact of the Company’s consolidated balance sheet will be an increase in sales tax payable by $0.2 million. In addition to the restatement e
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000162828024014384/0001628280-24-014384-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.