Katapult Holdings, Inc.KPLT
What Katapult Holdings, Inc. does.
We are a technology driven lease-to-own ("LTO") platform that integrates with omnichannel retailers and e-commerce platforms to power the purchasing of everyday durable goods by underserved U.S. nonprime customers. We were founded and incorporated in Delaware in 2012. We primarily operate within the virtual LTO market, which is estimated to have a total addressable market opportunity of $50 - $60 billion. We operate exclusively in the U.S. and our platform is available for use by consumers in 46 states and the District of Columbia. Based on our 2025 gross originations, we believe that we currently capture less than 1% market share.
We have entered into a definitive merger agreement with CCF Holdings LLC (“CCFI”), Aaron’s Intermediate Holdco, Inc. (“Aaron’s”), which, if completed, is expected to materially expand our business. See “Our Strategy” below.
An LTO transaction is a flexible alternative for consumers to obtain and enjoy merchandise with no long-term obligation. Goods are leased in exchange for a weekly, bi-weekly, semi-monthly or monthly payment, and customers have the option to purchase or return the items at any point during the duration of the lease-purchase agreement. These goods are available immediately to our customers upon the consummation of their lease-purchase agreement with Katapult. Our LTO platform offers consumers, particularly those with nonprime credit, an alternative path to ownership compared with traditional financing, which may not be accessible to them due to credit or other financial constraints. Many durable goods are eligible for LTO, including home furnishings, automotive goods, computers, electronics, and appliances, among others.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $247.2M | $303.1M | $209.5M | $221.6M | $247.2M | $291.8M |
| Net income | $22.5M | $21.2M | -$40.5M | -$36.7M | -$25.9M | $1.4M |
| Free cash flow | -$2.4M | $1.8M | -$21.0M | -$17.4M | -$32.6M | -$12.0M |
More on KPLT.
- Katapult Holdings, Inc. summary
- Katapult Holdings, Inc. financial statements
- Katapult Holdings, Inc. key metrics
- Katapult Holdings, Inc. health scores and style box
- Katapult Holdings, Inc. earnings
- Katapult Holdings, Inc. dividends
- Katapult Holdings, Inc. valuation
- Katapult Holdings, Inc. ownership and insiders
- Katapult Holdings, Inc. peers
Figures from Katapult Holdings, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.