AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Katapult's Q2 2026 total revenue rose 4.0% YoY to $74.8M and net loss narrowed to $(4.4)M, but the $110M revolver maturing December 4, 2026 drove a going-concern disclosure tied to the pending CCFI/Aaron's mergers.
Biggest Revenue Drivers
Rental revenue$73.5M+4.0% YoY
Rental revenue growth reflects gross originations growth and healthy customer payment collections, driven by Katapult Pay mobile app and direct merchant growth.
Other revenue$1.2M+6.8% YoY
Consists primarily of sales of property held for lease and lease agreements to third parties.
Biggest Revenue Drivers
Total revenue: $74.8M+4.0% YoY
Rental revenue$73.5M+4.0% YoY
Rental revenue growth reflects gross originations growth and healthy customer payment collections, driven by Katapult Pay mobile app and direct merchant growth.
Other revenue$1.2M+6.8% YoY
Consists primarily of sales of property held for lease and lease agreements to third parties.
Largest Expense Items
Cost of revenue$63.3M+4.2% YoY
Higher gross origination growth and capitalized property held for lease, with accelerated depreciation on buyouts and impairments.
Operating expenses$13.4M+6.8% YoY
Increase driven by $1.4M higher professional and consulting fees, including $0.8M transaction-related costs, and $0.5M FlexShopper litigation settlement expense, partly offset by $1.0M lower compensation costs.
Interest expense and other fees$3.2M-40.8% YoY
Decrease due to absence of the New Term Loan after its November 2025 extinguishment, eliminating PIK interest and debt discount amortization.
Margins: Gross profit as a percentage of total revenue was roughly flat at 15.4% versus 15.5% a year earlier. The filing attributes cost growth to higher originations and accelerated depreciation tied to buyouts and impairments.
Watch Items from the Filing
The New Revolving Facility ($74.1M outstanding, $110M commitment) matures December 4, 2026; the company does not have standalone liquidity to repay it and the auditor flagged going-concern doubt.
Wayfair represented 17% of gross originations in Q2 2026 versus 27% a year earlier; top ten direct merchants represented 44% of gross originations.
Pending mergers with CCFI and Aaron's are expected to close in August 2026; existing Katapult holders would own about 6.0% of the combined company on a fully diluted basis.
The Convertible Preferred Derivative was remeasured to $8.7M, and Series A/B preferred accrue dividends at 19%, with $3.3M of undeclared dividends reducing Q2 net loss attributable to common stockholders.
Operating loss widened to $(1.9)M in Q2 2026 from $(1.4)M in Q2 2025, driven by higher operating expenses.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
IQV Holdco, LLC10% ownerOther acquisition or disposition · Aug 11, 2026
Baldock Jennifer ADirectorGrant or award · Aug 11, 2026
Hanson KyleExecutive ChairmanGrant or award · Aug 11, 2026
DeVault LynnDirectorGrant or award · Aug 11, 2026
Heller Michael MHDirectorGrant or award · Aug 11, 2026
George Rachel GChief Legal OfficerGrant or award · Aug 11, 2026
Falkenstein RussellChief Financial OfficerGrant or award · Aug 11, 2026
Baker William CPresidentGrant or award · Aug 11, 2026
Congress trading in KPLT
1 transaction in KPLT reported by 1 member of Congress under the STOCK Act, most recent trade Jul 31, 2024. Reported transactions, not recommendations.
About Katapult Holdings, Inc. (KPLT): stock profile, AI score and financials
Katapult Holdings, Inc. (KPLT) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores KPLT at 48.3/100 on a composite quality score built from its SEC filings, placing it at rank #1,744 of 2,925 stocks — the bottom half of the AI-ranked universe. KPLT scores in the top quartile across balance sheet strength (94.4). Areas of concern include institutional flow (0.1) and earnings quality (14.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 49.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Katapult Holdings, Inc. reports quarterly revenue of $74.8M, net income of $-4.4M, an operating margin of -2.6%. Top institutional holders of KPLT by reported 13-F value include IRIDIAN ASSET MANAGEMENT, CANTOR FITZGERALD, L. P., CIBC Bancorp USA, based on the most recent SEC filings. KPLT trades on the Nasdaq exchange and files with the SEC under CIK 1785424. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate KPLT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Katapult Holdings, Inc. directly from SEC EDGAR.