Katapult Holdings Earnings Call Transcripts
Fiscal Year 2026
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The meeting covered board introductions, voting on director election, auditor ratification, and executive compensation, all of which passed. No shareholder questions were received, and management highlighted risks associated with forward-looking statements.
Fiscal Year 2025
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Gross originations and revenue grew over 20% year-over-year, with strong customer and app engagement. A $65 million capital infusion improved the capital structure, and guidance remains positive despite macroeconomic headwinds.
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Katapult's innovative lease-to-own platform addresses a vast, underserved market with transparent, flexible terms and a rapidly growing app-based marketplace. Strong financial results and guidance reflect momentum, with technology and customer focus driving continued growth.
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Q2 2025 saw gross originations up 30.4% and revenue up 22.1% year-over-year, both above guidance, with positive adjusted EBITDA and strong customer growth. The company raised its full-year outlook and completed a favorable refinancing, positioning for continued expansion.
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Gross originations grew 15.4% year-over-year in Q1 2025, with revenue up 10.6% and strong consumer engagement. K-pay and app marketplace drove significant growth, while the company faces refinancing risks on its credit facility. Full-year guidance for at least 20% growth is reiterated.
Fiscal Year 2024
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Q4 2024 saw double-digit growth in gross originations and revenue, with strong customer engagement and improved profitability. The business continues to diversify its merchant base and expects at least 20% growth in both originations and revenue for 2025, despite ongoing refinancing risks.
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Q3 saw 3.3% gross originations growth and 10% revenue growth, with strong performance in automotive and KPay segments offsetting home furnishings weakness. Adjusted EBITDA was $600,000, and full-year guidance was updated for 2%-4% originations growth and $5.5 million positive Adjusted EBITDA.
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The presentation highlighted strong growth in lease-to-own originations, driven by technology, new partnerships, and the KPay app. The company is expanding its marketplace, improving profitability, and focusing on non-prime consumers underserved by traditional credit.
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Gross originations and revenue grew year-over-year, driven by strong non-Wayfair and Katapult Pay performance, despite home furnishings headwinds. New merchant partnerships, product launches, and disciplined expense management support positive adjusted EBITDA guidance for 2024 and operational profitability in 2025.