MergerAug 4, 2026, 06:04 AM
Katapult Q2 Gross Originations +5%; Merger with Aaron's Expected August 2026
AI Summary
Katapult Holdings, Inc. reported its second quarter 2026 financial results, highlighting its 15th consecutive quarter of gross originations growth and significant Adjusted EBITDA improvement. The company's gross originations rose 4.7% to $75.5 million, and total revenue increased 4.0% to $74.8 million. Net loss improved by 44.0% to $(4.4) million, and Adjusted EBITDA reached $1.2 million. Katapult also confirmed that its merger transaction with The Aaron’s Company and CCF Holdings LLC is expected to close in August 2026, aiming to create a scaled financial solutions platform for nonprime consumers.
Key Highlights
- Merger with The Aaron’s Company and CCF Holdings LLC is expected to close in August 2026.
- Gross originations increased 4.7% to $75.5 million, marking the 15th consecutive quarter of growth.
- Total revenue grew 4.0% year-over-year to $74.8 million.
- Adjusted EBITDA significantly improved to $1.2 million, up nearly 280% from $0.3 million in Q2 2025.
- Net loss improved by 44.0% to $(4.4) million, compared to $(7.8) million in the prior year quarter.
- Ended the quarter with $24.1 million in total cash and cash equivalents.
- Cash provided by operations for the six months ended June 30, 2026, was $6.1 million.
Price Impact
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