11.74
+6.05%
Close of 9 Nov 2026, in USD
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About Katapult Holdings
From its filings with the US Securities and Exchange Commission
Katapult Holdings is based in New York, New York and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker KPLT. The SEC classifies its business as equipment rental & leasing, nec. In the fiscal year to 31 December 2025, it reported revenue of $291.8m and net income of $1.4m. At that date it held total assets of $107.9m and shareholders' equity of −$38.1m.
We are a technology driven lease-to-own ("LTO") platform that integrates with omnichannel retailers and e-commerce platforms to power the purchasing of everyday durable goods by underserved U.S. nonprime customers. We were founded and incorporated in Delaware in 2012. We primarily operate within the virtual LTO market, which is estimated to have a total addressable market opportunity of $50 - $60 billion. We operate exclusively in the U.S. and our platform is available for use by consumers in 46 states and the District of Columbia. Based on our 2025 gross originations, we believe that we currently capture less than 1% market share.
We have entered into a definitive merger agreement with CCF Holdings LLC (“CCFI”), Aaron’s Intermediate Holdco, Inc. (“Aaron’s”), which, if completed, is expected to materially expand our business. See “Our Strategy” below.
An LTO transaction is a flexible alternative for consumers to obtain and enjoy merchandise with no long-term obligation. Goods are leased in exchange for a weekly, bi-weekly, semi-monthly or monthly payment, and customers have the option to purchase or return the items at any point during the duration of the lease-purchase agreement. These goods are available immediately to our customers upon the consummation of their lease-purchase agreement with Katapult. Our LTO platform offers consumers, particularly those with nonprime credit, an alternative path to ownership compared with traditional financing, which may not be accessible to them due to credit or other financial constraints.
Quoted from its 10-K, filed 11 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Consumer Finance
- Listed since
- 5 Nov 2019
- Employees
- 130
- Website
- ir.katapultholdings.com ↗
- Head office
- 1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK, NY, 10105
- Incorporated in
- DE
- Classification
- Services-Equipment Rental & Leasing, NEC
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Derek MedlinPresident, Chief Growth Officer, Director, since 2024$811,161
- Mr. Orlando ZayasChief Executive Officer, Director, since 2021$1.1m
- Ms. Nancy WalshChief Financial Officer$934,753
- Mr. Philip BartowIndependent Director
- Mr. Donald GayhardtIndependent Director$227,500
- Mr. Gregory ZinkIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- E-commerce POS lease-purchase options for nonprime U.S. consumers
- Instant approvals up to $3,500 for e-commerce transactions
- Seamless technology integration with online platforms for retailers
Weaknesses
- 130 full-time employees in New York City headquarters
- IPO listing date of 5 November 2019
- Nonprime consumer segment targeting
Opportunities
- Expanding e-commerce merchant partnerships in the U.S.
- Growing demand for alternative financing solutions in Financials sector
- Increasing adoption of flexible payment options among consumers
Threats
- Competition from traditional financial institutions in U.S. market
- Regulatory changes in Financial Services industry
- Economic downturn affecting nonprime consumer spending patterns
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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