secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001628280-25-051329
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Katapult reports Q3 2025 gross originations up 25.3%, revenue up 22.8%, and announces $65M investment from Hawthorn
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- Gross originations reached $64.2 million in Q3 2025, a 25.3% increase year-over-year.
- Net loss improved to $4.9 million from $8.9 million, while adjusted EBITDA rose to $4.4 million.
- Hawthorn Horizon Credit Fund invested $65 million in convertible preferred stock at ~$11.89 per share.
- Company expects Q4 2025 gross origination growth of 15%-20% and full year adjusted EBITDA of $8-$9 million.
- Two new directors appointed to board; Brian Hirsch, Chris Masto, Jane Thompson stepped down.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000162828025051329/0001628280-25-051329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000162828025051329/kplt-20251112.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-051329

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