earnings
confidence high
sentiment positive
materiality 0.75
Katapult Q2 gross origination +30% YoY, revenue +22%; raises FY2025 gross origination outlook
Katapult Holdings, Inc.
2025-Q2 EPS reported
-$2.87
revenue$143,832,000
- Q2 gross originations $72.1M (+30.4% YoY); revenue $71.9M (+22.1%).
- Adjusted EBITDA $0.3M vs. -$0.4M a year ago; net loss widened to $7.8M on $1.0M debt-extinguishment costs.
- KPay gross originations surged 81% YoY; app marketplace drove ~60% of total originations.
- Refinanced with Blue Owl: revolver increased to $110M, maturity extended to Dec 2026, rate cut ~150 bps.
- Q3 2025 guidance: gross origination +25-30% YoY, revenue +20-25%, Adj. EBITDA $3-3.5M; FY2025 gross origination raised to +20-25%.
item 2.02item 9.01