Katapult Holdings, Inc. — fact timeline

Katapult Holdings, Inc. reported first quarter ended March 31, 2026 results: revenue $79.0 million, net income $5.7 million.

“First Quarter 2026 Financial Highlights (All comparisons are year-over-year unless stated otherwise.) • Gross originations were $64.2 million, an increase of 0.1%. Excluding the home furnishings and mattress category, gross originations grew 17.5% year-over-year. • Total revenue was $79.0 million, an increase of 9.8%. • Total operating expenses in the first quarter decreased by $1.0 million. Our fixed cash operating expenses 2 , which exclude transaction related costs and other non-cash and variable expenses, decreased by 10.8% year-over-year. • Income from operations was $4.3 million, an improvement compared with a loss of $(0.5) million in the first quarter of 2025. • Net income was $5.7 million for the first quarter of 2026, a 200% improvement compared with net loss of $(5.7) million reported for the first quarter of 2025.”

Katapult Holdings, Inc. amended Tenth Limited Waiver with Midtown Madison Management LLC (effective 2026-04-15).

“On April 15, 2026, Katapult Holdings, Inc. (the “Company”) entered into the Limited Waiver (the “Tenth Limited Waiver”) to our Amended and Restated Loan and Security Agreement”

Katapult Holdings, Inc. amended Eighth Limited Waiver with Midtown Madison Management LLC, as administrative, payment and collateral agent and lender, and the lenders party thereto (effective 2026-02-13).

“On February 13, 2026, Katapult Holdings, Inc. (the “Company”) entered into the Limited Waiver (the “Eighth Limited Waiver”) to our Amended and Restated Loan and Security Agreement, dated as of June 12, 2025”

Katapult Holdings, Inc. amended Seventh Limited Waiver with Midtown Madison Management LLC (effective 2026-01-15).

“On January 15, 2026, Katapult Holdings, Inc. (the “Company”) entered into the Limited Waiver (the “Seventh Limited Waiver”) to our Amended and Restated Loan and Security Agreement”

Katapult Holdings, Inc.: Established Series A and Series B Convertible Preferred Stock via Certificates of Designations (effective 2025-11-03).

“The Series A Certificate of Designations establishes the powers, designations, preferences, and other rights of the Series A Convertible Preferred Stock and became effective upon filing with the Secretary of State of the State of Delaware on November 3, 2025.”

Joyce Phillips departed as Director at Katapult Holdings, Inc..

“On April 11, 2025, Joyce Phillips informed Katapult Holdings Inc. (the “Company”) that she will not stand for reelection at the Company’s 2025 Annual Meeting of Shareholders.”

Derek Medlin changed role as President and Chief Growth Officer at Katapult Holdings, Inc..

“Derek Medlin, age 41, the Chief Operating Officer of Katapult Holdings, Inc.’s (the “Company”) has been promoted to President and Chief Growth Officer, effective as of August 16, 2024.”

Arthur Goss changed role as Vice President, Internal Audit at Katapult Holdings, Inc..

“In connection with Ms. Folan’s acceptance, Mr. Arthur Goss, the interim Chief Accounting Officer will continue in his role as Vice President, Internal Audit.”

Kaitlin A. Folan was appointed as Chief Accounting Officer at Katapult Holdings, Inc..

“On July 15, 2024, Kaitlin A. Folan, age 41, accepted an offer from Katapult Holdings, Inc. (the “Company”) to join as the Company’s Chief Accounting Officer, effective as of July 22, 2024.”

Katapult Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $65.1 million, net income Net loss was $0.6 million. Guidance reaffirmed.

“Quarter 2024 Financial Highlights (All comparisons are year-over-year unless stated otherwise.) • Gross originations were $55.6 million, an increase of 1.6% • Total revenue was $65.1 million, an increase of 18.1% • Total operating expenses in the first quarter decreased 18.5%. Fixed cash operating expenses 2 decreased approximately 20.6% • Net loss was $0.6 million”

Arthur Goss was appointed as Interim Chief Accounting Officer at Katapult Holdings, Inc..

“Upon Mr. Towers' departure and until such time as a permanent replacement is named, Mr. Arthur Goss, Vice President, Internal Audit will assume the duties and responsibilities of the Chief Accounting Officer on an interim basis.”

Christopher Towers resigned as Chief Accounting Officer at Katapult Holdings, Inc..

“On April 22, 2024, Katapult Holdings, Inc.’s (the “Company”) Chief Accounting Officer, Christopher Towers resigned from the Company.”

Katapult Holdings, Inc. reported that prior financial statements should not be relied upon.

“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”