Revenue: As of FY2025 Q2, the actual value is USD 71.89 M.

EPS: As of FY2025 Q2, the actual value is USD -1.63.

EBIT: As of FY2025 Q2, the actual value is USD -1.41 M.

Segment Revenue

• Gross Originations: $72.1 million, an increase of 30.4% year-over-year. Excluding the home furnishings and mattress category, gross originations grew 62% year-over-year.
• Total Revenue: $71.9 million, an increase of 22.1% year-over-year.

Operational Metrics

• Net Loss: $7.8 million for the second quarter of 2025, compared with a net loss of $6.9 million for the second quarter of 2024. The higher net loss was mainly driven by $1.0 million of one-time expenses related to the extinguishment of debt in connection with debt refinancing.
• Adjusted Net Loss: $5.7 million for the second quarter of 2025, compared with an adjusted net loss of $5.4 million for the second quarter of 2024.
• Adjusted EBITDA: $0.3 million for the second quarter of 2025, an improvement compared with an adjusted EBITDA loss of $0.4 million in the second quarter of 2024.
• Operating Expenses: Total operating expenses were flat year-over-year. Fixed cash operating expenses increased slightly by 0.6% year-over-year.
• Gross Profit: $11.2 million, compared to $9.9 million in the second quarter of 2024.
• Write-offs as a Percentage of Revenue: 9.8% in the second quarter of 2025, compared to 9.3% in the second quarter of 2024.

Cash Flow

• Total Cash and Cash Equivalents: $9.0 million, which includes $5.3 million of restricted cash.
• Outstanding Debt: $80.6 million on its revolving credit facility.

Unique Metrics

• KPay Gross Originations: Grew approximately 81% year-over-year in the second quarter; 39% of total gross originations were transacted using KPay.
• Customer Base: Grew unique new customer base by approximately 40% year-over-year while sustaining a high repeat customer rate and NPS score.

Outlook / Guidance

• Third Quarter 2025: Katapult expects a 25% to 30% year-over-year increase in gross originations, a 20% to 25% year-over-year increase in revenue, and between $3 million and $3.5 million of Adjusted EBITDA.
• Full Year 2025: Katapult is raising its expectations for full year 2025 gross originations performance to grow between 20% and 25%, and continues to expect revenue growth of at least 20% and at least $10 million in positive Adjusted EBITDA.