Quarterly ResultMay 7, 2026, 06:03 AM
Katapult Q1 Revenue +9.8% to $79M; Adjusted EBITDA +200% to $6.4M
AI Summary
Katapult Holdings reported strong financial results for Q1 2026, with total revenue increasing by 9.8% year-over-year to $79.0 million and Adjusted EBITDA surging by nearly 200% to $6.4 million. The company also achieved a net income of $5.7 million, a significant improvement from a net loss in the prior year. Katapult continues to progress with its pending merger transaction with The Aaron’s Company and CCF Holdings LLC, which is expected to create a premier omnichannel platform for nonprime consumers and enhance its financial profile.
Key Highlights
- Pending merger with Aaron's and CCF Holdings expected to close in Q3 2026.
- Total revenue grew 9.8% year-over-year to $79.0 million.
- Adjusted EBITDA increased nearly 200% year-over-year to $6.4 million.
- Net income was $5.7 million, up from a net loss of $(5.7) million in Q1 2025.
- Gross originations were $64.2 million (+0.1%); excluding home furnishings, grew 17.5%.
- Cash provided by operations was $12.2 million, up from $3.4 million in Q1 2025.
- Customer lifetime value grew 14.8%; repeat customer rate was 60.9%.
- Fixed cash operating expenses decreased 10.8% year-over-year.