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Financial statements

Katapult Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Katapult Holdings, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue91.9247303209222247292
Cost of revenue71.2167214172180201240
Gross profit20.779.88937.441.745.851.6
General and administrative4.244.2811.314.310.910.911.2
Operating income-9.3936.91.66-28.4-18.8-8.1-0.51
Interest expense8.5813.616.519.317.818.920.6
Interest income1.1300.741.71.160.2
Other non-operating income-30.9
Pre-tax income-18.82321.7-40.5-36.5-25.81.68
Income tax00.490.54-0.050.170.140.32
Net income-18.822.521.2-40.5-36.7-25.91.37
EBITDA37.714814688.4108133164
EPS, basic-19.2819.288.19-10.30-8.97-5.96-0.11
EPS, diluted-19.2812.686.87-10.30-8.97-5.96-0.11
Shares, basic (weighted)0.971.172.593.934.094.355.03
Shares, diluted (weighted)0.971.783.053.934.094.355.03

Balance sheet

FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents1.5865.692.565.421.43.4722.4
Receivables1.642.010
Other current assets1.254.258.14.496.734.26
Total current assets1.713916412797.690.4105
Lease right-of-use assets0.770.890.380.34
Intangible assets1.031.431.321.651.73
Long-term investments251251
Total assets25214016613010193.2108
Accounts payable0.121.692.031.260.91.491.89
Accrued liabilities131219.224.117.417.7
Deferred revenue2.652.144.184.954.824.88
Total current liabilities0.2217.316.150.142.3139118
Lease liabilities0.450.610.440.39
Other non-current liabilities12.77.340.90.10.830.05
Total liabilities22.3141125132129140118
Paid-in capital8.0657.177.683.894.5102109
Retained earnings-3.07-58-36.8-85.9-123-148-147
Shareholders' equity-23.9-0.9534.2-2.07-28-46.8-38.1
Total equity-23.9-0.9534.2-2.07-28-46.8-38.1
Total liabilities and equity25214016613010193.2108
Shares outstanding1.193.693.944.074.454.75

Cash flow statement

FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-3.07-31.921.2-40.5-36.7-25.91.37
Depreciation and amortization47.1111144117127141164
Stock-based compensation0.320.35136.447.035.763.69
Change in receivables-8.98-16.8-28.70
Change in payables-0.150.770.34-0.77-0.360.590.4
Cash from operations-31.6-2.142.17-20.8-17.4-32.6-11.9
Capital expenditures-0.08-0.23-0.38-0.17-0.02-0.05-0.03
Cash from investing0.09-0.4-1.44-1.51-0.97-1.3-1.11
Debt repaid0-250-35.1
Stock issued00150000.210.01
Cash from financing40.859.926.1-4.24-22.621.620
Net change in cash9.2857.426.8-26.6-41-12.36.93
Free cash flow-31.7-2.381.78-21-17.4-32.6-12
Interest paid7.1112.611.6121313.711.7
Income taxes paid0.110.630.420.450.210.230.11

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $5.04 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin18.5%Gross profit / revenue.
Operating margin1.3%Operating income / revenue.
EBITDA margin56.2%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin5.5%Pre-tax income / revenue.
Net margin5.4%Net income / revenue.
FCF margin-0.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-0.9%Cash from operations / revenue.
Effective tax rate1.6%Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)15.9%Net income / average total assets.
Stock-based pay / revenue0.9%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.0%Capital expenditures / revenue.
D&A / revenue55.0%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y18.0%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y11.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y3.4%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y12.7%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y11.3%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y-8.3%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y23.6%EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y22.8%Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y2.0%Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income CAGR, 5y-42.9%Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y15.8%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-6.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-5.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y15.6%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y8.6%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y23.1%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.90xCurrent assets / current liabilities.
Quick ratio0.16x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.16x(Cash + short-term investments) / current liabilities.
Liabilities / assets108.0%Total liabilities / total assets.
Interest coverage0.23xOperating income / interest expense.
Working capital-$11.0MCurrent assets - current liabilities.
Tangible book value-$36.0MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover2.96xRevenue / average total assets.
Days payables7 days365 x average accounts payable / cost of revenue.
FCF conversion-16.3%Free cash flow / net income, when net income is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$2.95Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$54.95Revenue / diluted weighted shares.
FCF per share-$0.48Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.47Cash from operations / diluted weighted shares.
Book value per share-$7.52Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$7.52Tangible book value / shares outstanding.
Cash per share$3.77(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$25.1MShare price x shares outstanding.
Enterprise value$7.0MMarket cap + total debt - cash - short-term investments.
P/E1.55xMarket cap / net income. Only when net income is positive.
P/S0.08xMarket cap / revenue.
EV/Sales0.02xEnterprise value / revenue.
EV/EBIT1.83xEnterprise value / operating income, when both are positive.
EV/EBITDA0.04xEnterprise value / EBITDA, when both are positive.
FCF yield-10.5%Free cash flow / market cap.
Earnings yield64.6%Net income / market cap (the inverse of P/E).
What was Katapult Holdings, Inc.'s revenue in fiscal 2025?

Katapult Holdings, Inc. reported revenue of $291.8M for fiscal 2025, 18% higher than the year before.

Was Katapult Holdings, Inc. profitable in fiscal 2025?

Yes. Net income was $1.4M, a net margin of 0.5%.

How much free cash flow did Katapult Holdings, Inc. generate in fiscal 2025?

Cash from operations of $11.9M minus capital expenditures of $34.0K left free cash flow of -$12.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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