Katapult
Digital lease-to-own checkout for non-prime durable-goods shoppers.
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Profile
Provides digital lease-to-own access to durable goods, earning rental payments after buying approved customers’ merchandise. Direct merchant checkout, lending waterfalls, and an app marketplace feed its U.S. non-prime customer base.
Extends digital lease-to-own access to durable goods for U.S. non-prime consumers. At checkout, proprietary underwriting determines an offer; it then buys the chosen merchandise and leases it through recurring payments, early purchase, or return. Rental payments after purchase make up the revenue model across furniture, appliances, electronics, computers, and other durable goods.
Originates leases through direct merchant integrations and lending waterfalls, while its app marketplace and KPay offer shopper-led routes to checkout. Fast e-commerce integration and underwriting connect merchants seeking incremental sales with shoppers declined by prime-credit providers. Funding merchandise before collecting lease payments, continued Wayfair concentration, upstream referral flow, non-prime credit performance, and lease-depreciation timing remain structural dependencies.
Company facts
Categories
Key statistics
Year to date −11.2% · Average volume (30d) 65.9K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | −$1.22 | −$1.41 | −15.6% | $73.1M | $74.8M | +2.3% | −1.57% |
| May 7, 2026Q1 FY26 | −$0.04 | $0.07 | +275.0% | $82.0M | $79.0M | −3.6% | −2.89% |
| Mar 11, 2026Q4 FY25 | −$1.13 | $3.65 | +423.0% | $76.3M | $73.9M | −3.2% | +11.46% |
| Nov 12, 2025Q3 FY25 | −$1.13 | −$0.94 | +16.8% | $76.4M | $74.0M | −3.0% | −1.59% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $71.9M | $71.9M | $74.0M | $73.9M | $79.0M | $74.8M | |
| Gross profit | $14.3M | $11.2M | $14.6M | $11.5M | $18.2M | $11.5M | |
| Operating income | −$536.0K | −$1.4M | $2.5M | −$217.0K | $4.3M | −$1.9M | |
| Net income | −$5.7M | −$7.8M | −$4.9M | $19.8M | $5.7M | −$4.4M | |
| Diluted EPS | −$1.23 | −$1.63 | −$0.94 | $3.77 | $0.07 | −$1.41 | |
| Gross margin | 19.9% | 15.5% | 19.7% | 15.6% | 23.0% | 15.4% | |
| Operating margin | -0.7% | -2.0% | 3.3% | -0.3% | 5.5% | -2.6% |
Fiscal years (4-quarter sums)FY21 $303.1M · FY22 $212.1M · FY23 $220.1M · FY24 $247.2M · FY25 $291.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $18.0M · Total debt $74.5M · Total assets $102.0M · Shareholders' equity −$36.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 4.77M · Float 3.30M · 69.3% free float
Insiders — filings are in another share unit.
The Form 4 positions here total more than the shares outstanding, so the filings and the share count are not on the same basis — usually an unlisted unit behind the listed one — and no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Iridian Asset Management LLC/CT | 897.1K | 18.83% | 13F | Apr 24, 2026 |
| Cantor Fitzgerald, L. P. | 153.1K | 3.21% | 13F | May 15, 2026 |
| CIBC Bancorp USA Inc. | 135.4K | 2.84% | 13F | May 12, 2026 |
| Vanguard Capital Management LLC | 107.7K | 2.26% | 13F | May 15, 2026 |
| Venturi Wealth Management, LLC | 55.2K | 1.16% | 13F | Apr 21, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | HHCF Series 21 Sub, LLC | 10 percent owner | −6,087,785 | |
| Aug 10, 2026 | HHCF Series 21 Sub, LLC | 10 percent owner | −1,017 | $6.36 |
| Jul 14, 2025 | Jane J. Thompson | director | −800 | $10.31 |
Peers
- PROG
Digital lease-to-own and e-commerce merchant-checkout rival.
- Upbound Group
Acima's virtual lease-to-own offering contests merchant checkout.
- Affirm
Installment financing competes for merchant checkout and app demand.
- Block
Afterpay contests checkout real estate and consumer shopping demand.
- Klarna
BNPL checkout and shopping app rival for merchant conversion.
- Sezzle
BNPL checkout option competes for online merchant integrations.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Katapult | $5.69 | −0.96% | $27.1M | 3.8 | — | 0.1 | +4.0% |
| PROG | $39.10 | +0.01% | $1.56B | 10.8 | 7.7 | 0.6 | +19.0% |
| Upbound Group | $19.22 | 0.00% | $1.12B | 12.5 | 4.4 | 0.2 | +0.5% |
| Affirm | $77.40 | −0.37% | $26.04B | 70.7 | 44.6 | 6.6 | +33.0% |
| Block | $83.54 | −0.05% | $49.74B | 149.2 | 18.3 | 2.0 | +9.3% |
| Klarna | $14.33 | +1.06% | $5.36B | — | 106.9 | 1.3 | — |
| Sezzle | $124.50 | +0.31% | $4.17B | 27.1 | 20.9 | 7.8 | +51.7% |
| Median | 27.1 | 19.6 | 1.7 | +19.0% |