---
title: "KATAPULT HLDGS INC C/WTS 09/06/2026 (TO PUR COM) | 8-K: FY2025 Q3 Revenue: USD 74.04 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265527105.md"
datetime: "2025-11-12T12:39:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265527105.md)
  - [en](https://longbridge.com/en/news/265527105.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265527105.md)
generator: "portal-rs"
---

# KATAPULT HLDGS INC C/WTS 09/06/2026 (TO PUR COM) | 8-K: FY2025 Q3 Revenue: USD 74.04 M

Revenue: As of FY2025 Q3, the actual value is USD 74.04 M.

EPS: As of FY2025 Q3, the actual value is USD -0.94.

EBIT: As of FY2025 Q3, the actual value is USD 8.352 M.

### Segment Revenue

-   **Gross Originations**: $64.2 million, an increase of 25.3% YoY. Excluding the home furnishings and mattress category, gross originations grew approximately 50% YoY.
-   **Total Revenue**: $74.0 million, an increase of 22.8% YoY.

### Operational Metrics

-   **Net Loss**: $4.9 million for Q3 2025, an improvement from a net loss of $8.9 million in Q3 2024. The improvement was driven by a decrease in litigation settlement expenses of $3.2 million and a $2.1 million decrease in compensation costs, partially offset by $1.0 million in transaction-related costs.
-   **Adjusted Net Loss**: $1.0 million for Q3 2025, an improvement from an adjusted net loss of $4.1 million in Q3 2024.
-   **Adjusted EBITDA**: $4.4 million for Q3 2025, an improvement from $0.6 million in Q3 2024.
-   **Gross Profit**: $14.6 million for Q3 2025, up from $11.9 million in Q3 2024.
-   **Operating Expenses**: Decreased by $4.3 million YoY. Fixed cash operating expenses decreased by 21.4% YoY.
-   **Write-offs as a Percentage of Revenue**: 9.9% in Q3 2025, within the company’s long-term target range of 8% to 10%, compared to 9.3% in Q3 2024.

### Cash Flow

-   **Total Cash and Cash Equivalents**: $9.0 million, including $5.6 million of restricted cash.
-   **Outstanding Debt**: $79.6 million on its revolving credit facility.

### Unique Metrics

-   **Total Applications**: Grew ~80% YoY in Q3 2025.
-   **Katapult App Marketplace**: 61% of Q3 gross originations started in the Katapult app marketplace, with total app marketplace gross originations growing 44% YoY.
-   **Repeat Customers**: Approximately 55% of gross originations for Q3 2025 came from repeat customers.
-   **KPay Conversion Rate**: Increased during Q3, leading to a 76% YoY growth in unique KPay customer count. KPay gross originations grew approximately 66% YoY, with 41% of total gross originations transacted using KPay.
-   **Merchant Engagement**: Direct and waterfall gross originations, representing approximately 59% of total Q3 originations, grew 6%. Excluding the home furnishings and mattress category, these gross originations grew approximately 42%.

### Outlook / Guidance

-   **Q4 2025**: Katapult expects a 15% to 20% YoY increase in gross originations, a 21% to 23% YoY increase in revenue, and approximately $2 million of Adjusted EBITDA.
-   **Full Year 2025**: Gross originations are expected to grow between 20% and 23%, revenue is expected to grow between 18% and 20%, and Adjusted EBITDA is expected to be between $8 million and $9 million.

### Related Stocks

- [KPLTW.US](https://longbridge.com/en/quote/KPLTW.US.md)

## Related News & Research

- [ANALYSIS-Depleted US oil stash loses potency as Iran war grinds on](https://longbridge.com/en/news/297496754.md)
- ['This Changes Everything,' Says Investor About Palantir Stock](https://longbridge.com/en/news/297515312.md)
- [Prediction: This AI Infrastructure Stock Will Soar After Sept. 3 (Hint: It's Not Broadcom)](https://longbridge.com/en/news/297516416.md)
- [3 Oil & Gas Stocks Rated Strong Buy as Crude Prices Jump, 8/31/26](https://longbridge.com/en/news/297510814.md)
- [The Calmer Co. Details ASX Governance Compliance in Appendix 4G Filing](https://longbridge.com/en/news/297454626.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**