Revenue: As of FY2025 Q1, the actual value is USD 71.95 M.

EPS: As of FY2025 Q1, the actual value is USD -1.23.

Segment Revenue

• Total Revenue: $71.9 million, an increase of 10.6% year-over-year.
• Gross Originations: $64.2 million, an increase of 15.4% year-over-year.

Operational Metrics

• Net Loss: - $5.7 million for the first quarter of 2025 compared with a net loss of - $0.6 million in the first quarter of 2024.
• Adjusted Net Loss: - $3.4 million for the first quarter of 2025 compared to adjusted net income of $1.0 million in the first quarter of 2024.
• Adjusted EBITDA: $2.2 million for the first quarter of 2025 compared to $5.6 million in the first quarter of 2024.
• Operating Expenses: Increased by 17.3% year-over-year.

Cash Flow

• Net Cash Provided by Operating Activities: $3.4 million for the first quarter of 2025 compared to $2.0 million in the first quarter of 2024.
• Total Cash and Cash Equivalents: $14.3 million, including $8.3 million of restricted cash.

Unique Metrics

• Write-offs as a Percentage of Revenue: 9.0% in the first quarter of 2025, within the Company’s 8% to 10% long-term target range.

Outlook / Guidance

• Katapult expects a 25% to 30% year-over-year increase in gross originations and a 17% to 20% year-over-year increase in revenue for the second quarter of 2025.
• The company anticipates approximately breakeven Adjusted EBITDA for the second quarter of 2025.
• For the full year 2025, Katapult expects gross originations to grow at least 20% and revenue growth to be at least 20%, with at least $10 million in positive Adjusted EBITDA.