# Katapult Holdings, Inc. (KPLT) · Edgar & Edgarette company card

> Katapult Holdings (KPLT) grew revenue 18.0% in FY2025 to $292 million, operating margin -0.2% against a 8.6% median for equipment rental & leasing, equity -35.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1785424 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/KPLT) · [JSON](https://www.pops4.com/boards/company/KPLT.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $292M |
| Revenue growth, 1 year | 18.0% |
| Revenue growth per year | -0.9% |
| Operating margin | -0.2% (prior year -3.3%) |
| Net margin | 0.5% |
| Operating cash flow | −$12M |
| Capital spending | $34,000 |
| Free cash flow | −$12M |
| Cash | $22M |
| Long-term debt | — |
| Total assets | $108M |
| Total equity | −$38M |
| Equity ÷ assets | -35.3% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -5.57 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed auditor change in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); operating cash flow was negative; operating loss: a margin of -0.2% in FY2025; revenue is hard to predict: its 80% range is ±30%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $291.8M (FY2025). Experience: revenue up 18.0% on the year, down 0.9% a year over 4 years; operating margin -0.2%, up from -3.3%. Soundness: equity -35.3% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $242.5M and $447.6M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $207.6M to $526.0M. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, services-equipment rental & leasing, nec): operating margin -0.2% against a 8.6% median; growth 18.0% against 8.7%.

Range logged 2026-09-24, receipt 2d8e1cfbc913b691, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2026-09-04 ([filing](https://www.sec.gov/Archives/edgar/data/1785424/000110465926105493/0001104659-26-105493-index.htm))
- Item 5.02 Director or officer change: 3, latest 2026-08-11 ([filing](https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm))

## Recent filings

- 8-K · filed 2026-10-02 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1785424/000110465926113271/0001104659-26-113271-index.htm)
- 8-K · filed 2026-09-04 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1785424/000110465926105493/0001104659-26-105493-index.htm)
- 8-K · filed 2026-08-28 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1785424/000110465926103268/0001104659-26-103268-index.htm)
- 8-K · filed 2026-08-11 · 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 5.01 Changes in Control of Registrant; 5.02 Departure or Election of Directors; Appointment of Officers; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm)
- 8-K · filed 2026-08-06 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1785424/000095010326012021/0000950103-26-012021-index.htm)
- 10-Q · filed 2026-08-04 · [filing](https://www.sec.gov/Archives/edgar/data/1785424/000162828026052176/0001628280-26-052176-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001785424.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1785424

## Cite

POPS4, Edgar & Edgarette: Katapult Holdings, Inc. (KPLT) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/KPLT. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.