secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2025-08-13T23:59:59+00:00
Accession:  0001628280-25-039999
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Katapult Q2 gross origination +30% YoY, revenue +22%; raises FY2025 gross origination outlook
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000162828025039999/0001628280-25-039999-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000162828025039999/kplt-20250813.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-039999

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer