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Katapult Holdings, Inc. (KPLT)

Nasdaq: KPLT · Services-Equipment Rental & Leasing, NEC · New York, NY · filing with the SEC since 2019
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Grade3.7
◀ Past 1.9● Present 3.3▶ Future 5.8
2 est.
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The grade of Katapult Holdings, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.7/10
◀ Past1.925% of the headline
● Present3.345% of the headline
▶ Future5.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.9/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.5/10

Has it survived what it has been through?

8 warning events since 2019; the latest 2026-09-04.

weight 45% of this tense · 5th percentile among 10 sector filers · read for itself

From the record

Katapult Holdings, Inc.'s filings since 2019 show 8 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2023-04-25); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2024-04-02); an auditor change (8-K item 4.01, 3 times, the latest 2026-09-04); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2024-04-02) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.0/10

What has it actually done, year after year?

+21.2% a year over 7 filed years; profitable in 3 of 7.

weight 33% of this tense · 40th percentile among 10 sector filers · read for its customers

From the record

Katapult Holdings, Inc.'s 7 filed years say what it did: revenue went from $92 million in fiscal 2019 to $292 million in fiscal 2025, up 21.2% a year; it rose in 5 of 6 years; the deepest fall was 31% from fiscal 2021 to fiscal 2022; net income was positive in 3 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span21.2%top 25% of its family
  • the share of years revenue rosetop 45% of its family
  • the share of filed years with a profitbottom 15% of its family
  • the deepest fall from a revenue peak30.9%bottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
1.5/10

How has it treated the people who own it?

SI estimate 1.5/10, confidence 35 of 100 (one part).

weight 22% of this tense · 15th percentile among 10 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 15% of 10 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 10 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Katapult Holdings, Inc.'s shareholder treatment is put at 1.5 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 15% of 10 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.3/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.7/10

Is it financially healthy right now?

Leverage 135%: owes 135¢ per asset dollar.

weight 45% of this tense · 37th percentile among 10 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Katapult Holdings, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 48 cents per dollar of everything the company owns. Leverage: it owed about 135 cents per dollar of assets, and net share issuance: its share count grew 15.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 5% of its family
  • gross profit against assetstop 19% of its family
  • the share count against the year beforebottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.8/10

How strong is its position in its industry?

bottom 38% of 10 in its family; net margin 0.5%.

weight 33% of this tense · 38th percentile among 10 sector filers · read for its customers

From the record

Katapult Holdings, Inc.'s standing among 10 graded names in its industry family: revenue of $292 million in fiscal 2025 ranks in the bottom 15% by size; a net margin of 0.5% ranks in the bottom 25%; revenue growth of 11.7% a year over the last 3 filed years ranks in the top 25% (its annual reports).

What it rests on

  • revenue against the family$292Mbottom 15% of its family
  • net margin0.5%bottom 25% of its family
  • three-year revenue growth11.7%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
1.9/10

What are the people in charge doing?

SI estimate 1.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 19th percentile among 9 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 19% of 9 in its family; the record of its people begins on 2026-08-11 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3 months and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2026-08-11 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 9 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Katapult Holdings, Inc.'s leadership is put at 1.9 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 19% of 9 in its family; the record of its people begins on 2026-08-11 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3 months and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.3/10

How much room does it have to grow?

bottom 43% of 10 in its family for room to expand.

weight 22% of this tense · 43rd percentile among 10 sector filers · read for itself

From the record

Katapult Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $23 million against no long-term debt tagged leaves 21.8% of its assets as net cash, top 5% of its family; cash from operations less capital spending is -4.1% of revenue (bottom 15%); a gross margin of 17.7% (bottom 19%) (its annual report).

What it rests on

  • cash less debt against assets21.8%top 5% of its family
  • cash from operations less capital spending against revenue-4.1%bottom 15% of its family
  • gross margin17.7%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.6/10

What could actually drive growth from here?

bottom 36% of 10 in its family for growth drivers.

weight 33% of this tense · 36th percentile among 10 sector filers · read for its customers

From the record

Katapult Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 11.7% a year over the last three filed years against 21.2% over all 7, slowing (bottom 15% of its family); the newest year grew 18% (top 15%); capital spending grew -41.3% a year (bottom 7%) (its annual reports). Katapult Holdings, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-9.6 points a yearbottom 15% of its family
  • the newest year's revenue growth18.0%top 15% of its family
  • three-year growth of capital spending-41.3%bottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.1/10

Did its newest year beat what its own record pointed to?

top 19% of 8 in its family for expectations against reality.

weight 45% of this tense · 81st percentile among 8 sector filers · read for its shareholders

From the record

Katapult Holdings, Inc.'s newest year against its own record: revenue of $292 million in fiscal 2025 came in 8.7% above the $268 million its prior three years' pace pointed to (top 19% of its family); net income of $1 million against a prior three-year average of $34 million (top 19%); a net margin of 0.5% against -15.4% before (top 19%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace8.7%top 19% of its family
  • net income against the prior three years' average+104%top 19% of its family
  • net margin against its prior average+15.9 pointstop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton KPLT · research, not advice