MergerMay 8, 2026, 05:07 PM
Katapult Q1 Net Income $5.69M; Mergers with CCFI & Aaron's Pending
AI Summary
Katapult Holdings, Inc. reported a net income of $5.69 million for the first quarter ended March 31, 2026, a significant improvement from a net loss of $5.69 million in the prior year. Total revenue increased to $79.02 million. The company also provided an update on its pending mergers with CCFI and Aaron's, which are expected to close in Q3 2026, subject to customary conditions including regulatory and stockholder approvals.
Key Highlights
- Mergers with CCFI and Aaron's expected to close in Q3 2026, subject to approvals.
- Q1 2026 Net Income: $5.69 million, compared to a net loss of $5.69 million in Q1 2025.
- Q1 2026 Total Revenue: $79.02 million, up from $71.95 million in Q1 2025.
- Q1 2026 Gross Profit: $18.20 million, compared to $14.35 million in Q1 2025.
- Q1 2026 Basic & Diluted EPS: $0.07, compared to $(1.23) in Q1 2025.
- Cash and cash equivalents: $22.35 million as of March 31, 2026.
- Incurred $1.7 million in Q1 2026 transaction costs related to pending mergers.
- Revolving line of credit, net: $71.62 million as of March 31, 2026.
Price Impact
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