KPLT on Nasdaq
Katapult Holdings, Inc.
American equipment rental and leasing services company, listed on Nasdaq (KPLT).
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Sumisho Air Lease, MCGRATH RENTCORP or Triton International, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue82¢$240.2M
- Other costs17¢$49.9M
- Income tax0¢$319.0K
- Profit0¢$1.4M
Out of $291.8M in revenue.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Rental revenue | $287.2M | $244.0M |
| Other revenue | $4.6M | $3.2M |
| Total revenue | $291.8M | $247.2M |
| Cost of revenue | $240.2M | $201.4M |
| Gross profit | $51.6M | $45.8M |
| Servicing costs | $4.7M | $4.6M |
| Underwriting fees | $3.2M | $2.3M |
| Professional and consulting fees | $8.2M | $5.2M |
| Technology and data analytics | $6.1M | $7.2M |
| Compensation costs | $17.9M | $20.1M |
| General and administrative | $11.2M | $10.9M |
| Litigation and settlement expenses | $813.0K | $3.7M |
| Total operating expenses | $52.1M | $53.9M |
| Loss from operations | -$513.0K | -$8.1M |
| Gain on extinguishment of term loan and settlement of derivative liability, net | $5.1M | $0 |
| Interest expense and other fees | -$20.6M | -$18.9M |
| Interest income | $197.0K | $1.2M |
| Change in fair value of derivative liability and warrants | $17.4M | $17.0K |
| Income (loss) before income taxes | $1.7M | -$25.8M |
| Provision for income taxes | -$319.0K | -$143.0K |
| Net income (loss) | $1.4M | -$25.9M |
| Accumulated undeclared dividends | -$1.9M | $0 |
| Net loss attributable to common stockholders | -$557.0K | -$25.9M |
| Weighted average common shares outstanding - basic (in shares) | 5.0M shares | 4.3M shares |
| Weighted average common shares outstanding - diluted (in shares) | 5.0M shares | 4.3M shares |
| Net loss per common share - basic (in dollars per share) | -$0.11 | -$5.96 |
| Net loss per common share - diluted (in dollars per share) | -$0.11 | -$5.96 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $22.4M | $3.5M | |
| Restricted cash | $1.0M | $13.1M | |
| Property held for lease, net of accumulated depreciation and impairment (Note 3) | $73.7M | $67.1M | |
| Prepaid expenses and other current assets | $4.3M | $6.7M | |
| Deferred financing costs, net | $3.8M | $0 | |
| Total current assets | $105.2M | $90.4M | |
| Property and equipment, net | $163.0K | $253.0K | |
| Security deposits | $15.0K | $91.0K | |
| Capitalized software and intangible assets, net | $2.1M | $2.1M | |
| Right-of-use assets, non-current | $339.0K | $383.0K | |
| Total assets | $107.9M | $93.2M | |
| Accounts payable | $1.9M | $1.5M | |
| Accrued liabilities (Note 5) | $17.7M | $17.4M | |
| Accrued litigation settlement (Note 11) | $750.0K | $2.2M | |
| Unearned revenue | $4.9M | $4.8M | |
| Revolving line of credit, net (Note 6) | $78.7M | $82.6M | |
| Term loan, net (Note 6) | $0 | $30.0M | |
| Lease liabilities | $51.0K | $179.0K | |
| Derivative liability (Note 12) | $13.6M | $0 | |
| Total current liabilities | $117.6M | $138.7M | |
| Other liabilities | $45.0K | $828.0K | |
| Lease liabilities, non-current | $392.0K | $444.0K | |
| Total liabilities | $118.0M | $140.0M | |
| Total mezzanine equity | $27.9M | $0 | $0 |
| Common stock, $.0001 par value; 250,000,000 shares authorized; 4,750,258 and 4,446,540 shares issued and outstanding at December 31, 2025 and 2024, respectively | $0 | $0 | |
| Additional paid-in capital | $109.0M | $101.7M | |
| Accumulated deficit | -$147.1M | -$148.5M | |
| Total stockholders' deficit | -$38.1M | -$46.8M | -$28.0M |
| Total liabilities, mezzanine equity and stockholders' deficit | $107.9M | $93.2M | |
| Convertible preferred stock, shares outstanding (in shares) | 65.0M shares | 0 shares | 0 shares |
| Convertible preferred stock, Stated liquidation preference (in USD per share) | $1,000.00 | ||
| Common stock par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | |
| Common stock, shares issued (in shares) | 4.8M shares | 4.4M shares | |
| Common stock, shares outstanding (in shares) | 4.8M shares | 4.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $22.4M | $3.5M | |
| Restricted cash | $1.0M | $13.1M | |
| Property held for lease, net of accumulated depreciation and impairment (Note 3) | $73.7M | $67.1M | |
| Prepaid expenses and other current assets | $4.3M | $6.7M | |
| Deferred financing costs, net | $3.8M | $0 | |
| Total current assets | $105.2M | $90.4M | |
| Property and equipment, net | $163.0K | $253.0K | |
| Security deposits | $15.0K | $91.0K | |
| Capitalized software and intangible assets, net | $2.1M | $2.1M | |
| Right-of-use assets, non-current | $339.0K | $383.0K | |
| Total assets | $107.9M | $93.2M | |
| Accounts payable | $1.9M | $1.5M | |
| Accrued liabilities (Note 5) | $17.7M | $17.4M | |
| Accrued litigation settlement (Note 11) | $750.0K | $2.2M | |
| Unearned revenue | $4.9M | $4.8M | |
| Revolving line of credit, net (Note 6) | $78.7M | $82.6M | |
| Term loan, net (Note 6) | $0 | $30.0M | |
| Lease liabilities | $51.0K | $179.0K | |
| Derivative liability (Note 12) | $13.6M | $0 | |
| Total current liabilities | $117.6M | $138.7M | |
| Other liabilities | $45.0K | $828.0K | |
| Lease liabilities, non-current | $392.0K | $444.0K | |
| Total liabilities | $118.0M | $140.0M | |
| Total mezzanine equity | $27.9M | $0 | $0 |
| Common stock, $.0001 par value; 250,000,000 shares authorized; 4,750,258 and 4,446,540 shares issued and outstanding at December 31, 2025 and 2024, respectively | $0 | $0 | |
| Additional paid-in capital | $109.0M | $101.7M | |
| Accumulated deficit | -$147.1M | -$148.5M | |
| Total stockholders' deficit | -$38.1M | -$46.8M | -$28.0M |
| Total liabilities, mezzanine equity and stockholders' deficit | $107.9M | $93.2M | |
| Convertible preferred stock, shares outstanding (in shares) | 65.0M shares | 0 shares | 0 shares |
| Convertible preferred stock, Stated liquidation preference (in USD per share) | $1,000.00 | ||
| Common stock par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | |
| Common stock, shares issued (in shares) | 4.8M shares | 4.4M shares | |
| Common stock, shares outstanding (in shares) | 4.8M shares | 4.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $1.4M | -$25.9M |
| Depreciation and amortization | $164.3M | $140.6M |
| Depreciation for early lease purchase options (buyouts) | $37.7M | $29.1M |
| Depreciation for impaired leases | $28.7M | $25.0M |
| Change in fair value of derivative liability, warrants, and other | -$17.4M | -$256.0K |
| Stock-based compensation | $3.7M | $5.8M |
| Gain on extinguishment of term loan and settlement of derivative liability, net | -$5.1M | $0 |
| Amortization of debt discount | $3.0M | $3.1M |
| Amortization of debt issuance costs, net | $2.4M | $220.0K |
| Accrued PIK interest expense | $3.3M | $1.4M |
| Amortization of right-of-use assets | $183.0K | $318.0K |
| Property held for lease | -$236.0M | -$201.2M |
| Prepaid expenses and other current assets | $2.3M | -$2.1M |
| Litigation insurance reimbursement receivable | $0 | $5.0M |
| Accounts payable | $400.0K | $588.0K |
| Accrued liabilities | $129.0K | -$6.8M |
| Accrued litigation | -$695.0K | -$7.1M |
| Lease liabilities | -$180.0K | -$288.0K |
| Unearned revenues | $60.0K | -$126.0K |
| Net cash used in operating activities | -$11.9M | -$32.6M |
| Purchases of property and equipment | -$34.0K | -$54.0K |
| Additions to capitalized software | -$1.1M | -$1.2M |
| Other assets and security deposits | $76.0K | $0 |
| Net cash used in investing activities | -$1.1M | -$1.3M |
| Proceeds from New and Existing Revolving Facilities | $22.0M | $34.4M |
| Principal repayments on New and Existing Revolving Facilities | -$26.0M | -$12.4M |
| Repayment of term loan and repurchase of warrants | -$35.1M | $0 |
| Payments of issuance costs related to debt and preferred stock | -$5.3M | $0 |
| Repurchases of restricted stock | -$594.0K | -$613.0K |
| Proceeds from issuance of Convertible Preferred Stock and warrants | $65.0M | $0 |
| Proceeds from exercise of stock options | $8.0K | $211.0K |
| Net cash provided by financing activities | $20.0M | $21.6M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $6.9M | -$12.3M |
| Cash paid for interest | $11.7M | $13.7M |
| Cash paid for income taxes | $106.0K | $226.0K |
| Cash paid for operating leases | $275.0K | $359.0K |
| Issuance of warrants to purchase common stock in connection with debt refinancing | $3.9M | $0 |
| Issuance of common stock in connection with litigation settlements | $1.5M | $1.8M |
| Issuance of New Term Loan derivative liability in connection with debt refinancing | $3.6M | $0 |
| Debt issuance costs accrued but not yet paid | $200.0K | $0 |
| Extinguishment of Existing Term Loan | $32.7M | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Katapult Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerCory J. Miller Aug 12, 2026 to now11
- Chief executive officerOrlando Zayas Jun 14, 2021 to Aug 12, 202612
- Chief executive officerLee Einbinder Oct 31, 2019 to Nov 7, 201913
- PresidentWilliam C. Baker Aug 12, 2026 to now14
- PresidentHoward Kurz Oct 31, 2019 to Nov 7, 201915
- Chief financial officerRussell Falkenstein Aug 12, 2026 to now16
- Chief financial officerNancy A. Walsh Dec 15, 2022 to Aug 12, 202617
- Chief financial officerKarissa Cupito Jun 14, 2021 to Nov 17, 202218
- Chief financial officerHoward Kurz Oct 31, 2019 to Nov 7, 201915
- Chief operating officerDerek Medlin Jun 14, 2021 to now19
Board members and other officers (30)
- Chief Accounting OfficerDouglass L. Noe Aug 12, 2026 to now20
- Interim CAOArthur Goss May 8, 2024 to May 8, 202421
- Chief Accounting OfficerKaitlin Folan Aug 7, 2024 to now22
- CHIEF TECHNOLOGY OFFICERChandan Chopra Jun 14, 2021 to Mar 19, 202423
- CHIEF ACCOUNTING OFFICERChristopher Towers Jun 14, 2021 to Mar 19, 202424
- Chief Risk OfficerFangqui Sun Jun 14, 2021 to Jun 10, 202225
- CHIEF COMMERCIAL OFFICERGracia Rolando De Jun 15, 2021 to Jul 7, 202126
- TreasurerGregory Wildeman Jun 15, 2021 to Jun 15, 202127
- Board memberCory J. Miller Aug 12, 2026 to now11
- Board memberEugene Schutt Aug 12, 2026 to now28
- Board memberJennifer L. Adams Aug 12, 2026 to now29
- Board memberLynn Devault Aug 12, 2026 to now30
- Board memberPhilip K. Bartow Iii. Nov 5, 2025 to now31
- Board memberGregory L. Zink Dec 1, 2025 to now32
- Board memberJane J. Thompson Feb 11, 2022 to now33
- Board memberJoyce Ann Phillips Feb 11, 2022 to Jun 7, 202434
- Board memberOrlando Zayas Jun 14, 2021 to now12
- Board memberBrian Hirsch Jun 15, 2021 to Jun 8, 202335
- Board memberBruce Taragin Jun 15, 2021 to Jun 8, 202336
- Board memberChristopher A. Masto Jun 15, 2021 to now37
- Board memberDonald Gayhardt Jun 15, 2021 to now38
- Board memberK. Joanne Bradford Jun 15, 2021 to Sep 13, 202139
- Board memberAris Kekedjian Oct 31, 2019 to Oct 31, 201940
- Board memberDiane Beth Glossman Oct 31, 2019 to Oct 31, 201941
- Board memberHoward Kurz Oct 31, 2019 to Nov 7, 201915
- Board memberJay N. Levine Oct 31, 2019 to Oct 31, 201942
- Board memberLee Einbinder Oct 31, 2019 to Jun 8, 202313
- Board memberRobert Matza Oct 31, 2019 to Oct 31, 201943
- General counselRachel G. George Aug 12, 2026 to now44
- General counselMaloney Tahmineh Jun 15, 2021 to May 18, 202245
Former names
- FinServ Acquisition Corp.Sep 5, 2019 to Jun 9, 20212
Timeline
Filings
405 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 80 major events, 170 insider forms, 32 large holders, 103 other. The latest 20:
- Oct 6, 2026EFFECT EDGAR
- Oct 6, 2026424B3 EDGAR
- Oct 2, 2026S-3/A EDGAR
- Oct 2, 20268-K EDGAR
- Oct 1, 2026SCHEDULE 13G/A EDGAR
- Sep 15, 2026S-3 EDGAR
- Sep 11, 20268-K/A EDGAR
- Sep 4, 20268-K EDGAR
- Aug 31, 2026SCHEDULE 13G EDGAR
- Aug 28, 20268-K EDGAR
- Aug 20, 20263 OWNERSHIP DOCUMENT EDGAR
- Aug 18, 2026SCHEDULE 13D EDGAR
- Aug 18, 2026SCHEDULE 13D EDGAR
- Aug 18, 20264/A OWNERSHIP DOCUMENT EDGAR
- Aug 18, 2026SCHEDULE 13D EDGAR
- Aug 13, 2026SCHEDULE 13D/A EDGAR
- Aug 13, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 13, 20264 EDGAR
- Aug 13, 20264 EDGAR
- Aug 13, 20264 EDGAR
The 405 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 32 such filings since October 2021, the latest 10:
- Oct 1, 2026SCHEDULE 13G/A
- Aug 31, 2026SCHEDULE 13G
- Aug 18, 2026SCHEDULE 13D
- Aug 18, 2026SCHEDULE 13D
- Aug 18, 2026SCHEDULE 13D
- Aug 13, 2026SCHEDULE 13D/A
- Aug 12, 2026SCHEDULE 13D/A
- Jan 2, 2026SCHEDULE 13G/A
- Dec 15, 2025SCHEDULE 13D/A
- Nov 10, 2025SCHEDULE 13D
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 26. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 31, 2024 | Austin ScottRepublican, House | Sale | $1,001 - $15,000 | +112.3% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARWilliam C. Baker, President
- 15SEC EDGARHoward Kurz, President
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- 21SEC EDGARArthur Goss, Interim CAO
- 22
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- 25SEC EDGARFangqui Sun, Chief Risk Officer
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- 27SEC EDGARGregory Wildeman, Treasurer
- 28SEC EDGAREugene Schutt, Board member
- 29SEC EDGARJennifer L. Adams, Board member
- 30SEC EDGARLynn Devault, Board member
- 31SEC EDGARPhilip K. Bartow Iii., Board member
- 32SEC EDGARGregory L. Zink, Board member
- 33SEC EDGARJane J. Thompson, Board member
- 34SEC EDGARJoyce Ann Phillips, Board member
- 35SEC EDGARBrian Hirsch, Board member
- 36SEC EDGARBruce Taragin, Board member
- 37SEC EDGARChristopher A. Masto, Board member
- 38SEC EDGARDonald Gayhardt, Board member
- 39SEC EDGARK. Joanne Bradford, Board member
- 40SEC EDGARAris Kekedjian, Board member
- 41SEC EDGARDiane Beth Glossman, Board member
- 42SEC EDGARJay N. Levine, Board member
- 43SEC EDGARRobert Matza, Board member
- 44SEC EDGARRachel G. George, General counsel
- 45SEC EDGARMaloney Tahmineh, General counsel