Katapult Q4 2025 revenue $73.9M (+17%), net income $19.8M; pending Aaron's merger on track

Katapult Holdings, Inc.

Q4 gross originations $77.9M (+3.7% YoY); full year $278.5M (+17.3%). Excluding home furnishings, Q4 originations +14.2%.
Q4 net income $19.8M vs loss $9.6M; adjusted EBITDA $5.4M vs loss $1.1M. Write-offs 9.6% of revenue.
Full year net income $1.4M vs loss $25.9M; adjusted EBITDA $12.4M vs $4.8M. Revenue $291.8M (+18%).
Pending merger with Aaron's/CCF expected to close Q2 2026; KPLT holders to own 6% of combined co.
Company not providing outlook due to pending transaction; customers showed signs of stress in holiday season.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Katapult Holdings, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $73.9 million, net income $19.8 million.

Period: the fourth quarter ended December 31, 2025
Revenue: $73.9 million
Net income: $19.8 million
Result: reported results

Exact text from the filing

Gross originations were $77.9 million, an increase of 3.7%. Excluding the home furnishings and mattress category, gross originations grew approximately 14.2% year-over-year. • Total revenue was $73.9 million, an increase of 17.3% • Total operating expenses in the fourth quarter increased by $0.3 million. Our fixed cash operating expenses 2 , which exclude transaction related costs and other non-cash and variable expenses, decreased by 40.5% year-over-year. • Loss from operations was $(1.0) million, an improvement compared with a loss of $(4.8) million in the fourth quarter of 2024 • Net income was $19.8 million for the fourth quarter of 2025, an improvement compared with net loss of $(9.6) million reported for the fourth quarter of 2024.

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Source: SEC EDGAR

accession 0001628280-26-016659

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