Revenue: As of FY2026 Q2, the actual value is USD 74.76 M, missing the estimate of USD 79.05 M.

EPS: As of FY2026 Q2, the actual value is USD -1.41.

EBIT: As of FY2026 Q2, the actual value is USD -1.142 M.

Outlook/Guidance

Katapult Holdings, Inc. is not providing a business outlook at this time. The pending merger transaction with The Aaron’s Company and CCF Holdings LLC is expected to close in August 2026, subject to requisite stockholder approval and the satisfaction of other customary closing conditions.

Gross Originations

Gross originations for the second quarter of 2026 were $75.5 million, marking an increase of 4.7% year-over-year. Excluding the home furnishings and mattress category, gross originations grew 31.0% year-over-year. This represents the 15th consecutive quarter of gross originations growth for Katapult Holdings, Inc.

Revenue

Total revenue for the second quarter of 2026 was $74.8 million, an increase of 4.0% year-over-year, compared to $71,886 thousand in the second quarter of 2025. For the six months ended June 30, 2026, total revenue was $153,782 thousand, up from $143,832 thousand for the same period in 2025. Rental revenue for the second quarter of 2026 was $73,512 thousand, compared to $70,716 thousand in the second quarter of 2025. Other revenue for the second quarter of 2026 was $1,249 thousand, compared to $1,170 thousand in the second quarter of 2025.

Gross Profit

Gross profit for the second quarter of 2026 was $11,508 thousand, compared to $11,168 thousand in the second quarter of 2025. For the six months ended June 30, 2026, gross profit was $29,707 thousand, compared to $25,517 thousand for the same period in 2025. Adjusted gross profit for the second quarter of 2026 was $9,467 thousand, compared to $9,211 thousand in the second quarter of 2025. For the six months ended June 30, 2026, adjusted gross profit was $25,773 thousand, compared to $21,703 thousand for the same period in 2025.

Operating Expenses

Total operating expenses in the second quarter of 2026 increased by $0.9 million. Total operating expenses were $13,437 thousand for the second quarter of 2026, compared to $12,578 thousand in the second quarter of 2025. For the six months ended June 30, 2026, total operating expenses were $27,301 thousand, compared to $27,463 thousand for the same period in 2025. Fixed cash operating expenses decreased by 1.0% year-over-year. Fixed cash operating expenses were $10,045 thousand for the second quarter of 2026, compared to $9,159 thousand in the second quarter of 2025. For the six months ended June 30, 2026, fixed cash operating expenses were $21,018 thousand, compared to $19,561 thousand for the same period in 2025.

Operating Profit/Loss

Loss from operations was - $1.9 million for the second quarter of 2026, compared with a loss of - $1.4 million in the second quarter of 2025.

Net Income/Loss

Net loss was - $4.4 million for the second quarter of 2026, representing a 44.0% improvement compared with a net loss of - $7.8 million reported for the second quarter of 2025. This improvement was primarily due to a $2.2 million decrease in interest expense following the extinguishment of the Term Loan in November 2025. Net income (loss) for the six months ended June 30, 2026, was $1,298 thousand, compared to a net loss of - $13,523 thousand for the same period in 2025. Adjusted net loss was - $3.0 million for the second quarter of 2026, an improvement compared with an adjusted net loss of - $5.7 million reported for the second quarter of 2025. Adjusted net income (loss) for the six months ended June 30, 2026, was $737 thousand, compared to an adjusted net loss of - $9,015 thousand for the same period in 2025.

Adjusted EBITDA

Adjusted EBITDA was $1.2 million for the second quarter of 2026, an improvement compared to Adjusted EBITDA of $0.3 million in the second quarter of 2025. Adjusted EBITDA for the six months ended June 30, 2026, was $7,618 thousand, compared to $2,562 thousand for the same period in 2025.

Cash Flow and Liquidity

Cash provided by operations for the six months ended June 30, 2026, was $6.1 million, compared with cash used in operating activities of - $3.2 million during the six months ended June 30, 2025. Katapult Holdings, Inc. ended the quarter with total cash and cash equivalents of $24.1 million, which includes $6.0 million of restricted cash. The Company ended the quarter with $74.1 million of outstanding debt on its revolving credit facility.

Other Key Metrics

Write-offs as a percentage of revenue were 9.7% in the second quarter of 2026, which is within Katapult Holdings, Inc.’s long-term target range of 8% to 10%. This compares to 9.8% in the second quarter of 2025.