--- title: "Katapult | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 79.02 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285776236.md" datetime: "2026-05-08T21:03:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285776236.md) - [en](https://longbridge.com/en/news/285776236.md) - [zh-HK](https://longbridge.com/zh-HK/news/285776236.md) --- # Katapult | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 79.02 M Revenue: As of FY2026 Q1, the actual value is USD 79.02 M, beating the estimate of USD 79 M. EPS: As of FY2026 Q1, the actual value is USD 0.07. EBIT: As of FY2026 Q1, the actual value is USD 7.344 M. Katapult Holdings, Inc. operates as a single reportable segment and does not provide segmented financial data beyond the consolidated level . #### Revenue - **Rental revenue** increased by $6,344 thousand, or 8.9%, to $77,422 thousand for the three months ended March 31, 2026, from $71,078 thousand in the same period of 2025 . - **Other revenue** increased by $731 thousand, or 84.2%, to $1,599 thousand for the three months ended March 31, 2026, from $868 thousand in the same period of 2025 . - **Total revenue** increased by $7,075 thousand, or 9.8%, to $79,021 thousand for the three months ended March 31, 2026, from $71,946 thousand in the same period of 2025 . #### Operational Metrics - **Cost of revenue** increased by $3,225 thousand, or 5.6%, to $60,822 thousand for the three months ended March 31, 2026, from $57,597 thousand in the same period of 2025, primarily due to growth in the Company’s lease portfolio and higher depreciation expense . - **Gross profit** increased by $3,850 thousand, or 26.8%, to $18,199 thousand for the three months ended March 31, 2026, from $14,349 thousand in the same period of 2025 . Gross profit as a percentage of total revenue increased to 23.0% for the three months ended March 31, 2026, compared to 19.9% for the same period in 2025 . - **Operating expenses** decreased by $1,021 thousand, or -6.9%, to $13,864 thousand for the three months ended March 31, 2026, from $14,885 thousand in the same period of 2025, mainly due to lower compensation and general and administrative expenses, partially offset by transaction-related costs . - **Income from operations** was $4,335 thousand for the three months ended March 31, 2026, compared to a loss of - $536 thousand in the same period of 2025 . - **Interest expense and other fees** decreased by $2,005 thousand, or -39.0%, to - $3,139 thousand for the three months ended March 31, 2026, from - $5,144 thousand in the same period of 2025, primarily due to the absence of the Term Loan . - **Interest income** increased by $73 thousand, or 128.1%, to $130 thousand for the three months ended March 31, 2026, from $57 thousand in the same period of 2025 . - **Change in fair value of derivative liability and warrants** resulted in a gain of $4,316 thousand for the three months ended March 31, 2026, compared to a loss of - $36 thousand in the same period of 2025 . - **Net income (loss)** was $5,686 thousand for the three months ended March 31, 2026, compared to a net loss of - $5,688 thousand in the same period of 2025 . - **Net income (loss) available to common stockholders** was $355 thousand for the three months ended March 31, 2026, compared to a net loss of - $5,688 thousand in the same period of 2025 . - **Net income (loss) per common share (basic and diluted)** was $0.07 for the three months ended March 31, 2026, compared to - $1.23 in the same period of 2025 . #### Cash Flow - **Net cash provided by operating activities** was $12,212 thousand for the three months ended March 31, 2026, compared to $3,438 thousand in the same period of 2025 . - **Net cash used in investing activities** was - $384 thousand for the three months ended March 31, 2026, compared to - $401 thousand in the same period of 2025 . - **Net cash used in financing activities** was - $7,188 thousand for the three months ended March 31, 2026, compared to - $5,278 thousand in the same period of 2025 . - **Cash, cash equivalents and restricted cash at end of period** was $28,120 thousand as of March 31, 2026, compared to $14,311 thousand as of March 31, 2025 . #### Unique Metrics - **Gross Originations** were $64,243 thousand for the three months ended March 31, 2026, remaining consistent with $64,199 thousand in the same period of 2025 . - **Gross originations through KPay** represented 42% of total gross originations during the three months ended March 31, 2026, an increase from 35% in the same period of 2025 . - **Wayfair** represented 18% of gross originations during the three months ended March 31, 2026, a decrease from 27% in the same period of 2025 . - **Write-offs as a percentage of total revenue** were 9.2% for the three months ended March 31, 2026, compared to 9.0% in the same period of 2025, remaining within the target range of 8% to 10% . - **Adjusted Gross Profit** was $16,306 thousand for the three months ended March 31, 2026, compared to $12,492 thousand in the same period of 2025 . - **Adjusted EBITDA** was $6,397 thousand for the three months ended March 31, 2026, compared to $2,240 thousand in the same period of 2025 . - **Adjusted Net Income (Loss)** was $3,744 thousand for the three months ended March 31, 2026, compared to - $3,356 thousand in the same period of 2025 . - **Fixed Cash Operating Expenses** were $9,280 thousand for the three months ended March 31, 2026, compared to $10,402 thousand in the same period of 2025 . #### Future Outlook and Strategy Katapult Holdings, Inc. is pursuing strategic mergers with CCFI and Aaron’s, anticipated to close in the third quarter of 2026, to establish a premier omni-channel platform for non-prime consumers . The company intends to refinance, extend, or replace its New Revolving Facility, which matures on December 4, 2026, though success on acceptable terms is not assured . Independent auditors have expressed substantial doubt about the company’s ability to continue as a going concern without successful refinancing or extension of its indebtedness and adequate operational funding . ### Related Stocks - [KPLT.US](https://longbridge.com/en/quote/KPLT.US.md) ## Related News & Research - [Katapult Holdings announces special shareholder meeting to vote on mergers](https://longbridge.com/en/news/293974721.md) - [Baxter Q2 2026 Earnings Preview](https://longbridge.com/en/news/294224876.md) - [ERG announces availability of H1 2026 interim financial report](https://longbridge.com/en/news/294572882.md) - [Ciena's Q3 2026 Earnings: What to Expect](https://longbridge.com/en/news/293952665.md) - [Vale updates financial events calendar for 2026](https://longbridge.com/en/news/294418484.md)