Katapult (KPLT)


Market Price (10/31/2026): $10.355 | Market Cap: $878.6 MilSector: Information Technology | Industry: Systems Software

Katapult (KPLT)


Market Price (10/31/2026): $10.355
Market Cap: $878.6 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 28%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 24%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Lease-to-Own E-commerce Financing.

Weak multi-year price returns
2Y Excs Rtn is -13%, 3Y Excs Rtn is -76%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 103%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.3%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 23%

Key risks
KPLT key risks include [1] substantial doubt about its ability to continue as a going concern due to significant indebtedness maturing in June 2025, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 28%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 24%
1 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Lease-to-Own E-commerce Financing.
2 Weak multi-year price returns
2Y Excs Rtn is -13%, 3Y Excs Rtn is -76%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 103%
4 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.3%
5 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 23%
6 Key risks
KPLT key risks include [1] substantial doubt about its ability to continue as a going concern due to significant indebtedness maturing in June 2025, Show more.

KPLT in ETFs

Weight = KPLT's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/30/2026

Katapult (KPLT) stock has gained about 55% since 6/30/2026 because of the following key factors:

1. Katapult's stock experienced a significant surge, gaining approximately 89.41% from its closing price of $6.61 on June 30, 2026, to $12.52 on October 29, 2026, primarily driven by robust fiscal Q2 2026 financial results that exceeded analyst expectations. The company reported its fiscal Q2 2026 results on August 4, 2026, posting an Earnings Per Share (EPS) of -$0.54, which significantly beat analysts' consensus estimates of -$1.22 by 55.74%. Additionally, Katapult achieved its 15th consecutive quarter of gross originations growth, reaching $75.5 million, a 4.7% increase year-over-year, with total revenue growing 4.0% to $74.8 million. The company also saw a nearly 280% increase in Adjusted EBITDA and a 44.0% improvement in net loss, which narrowed to $(4.4) million from $(7.8) million in the prior year's second quarter.

2. The completion of a strategic merger with The Aaron's Company and CCF Holdings LLC in August 2026 created an expanded financial solutions platform, enhancing Katapult's market position. This merger, finalized on August 11, 2026, was highlighted as a move to form a scaled, omnichannel platform offering a comprehensive suite of financial solutions for nonprime consumers. The transaction involved the issuance of 79,700,142 shares to the equityholders of Aaron's and CCF Holdings, signaling a significant restructuring and expansion of Katapult's operational scope. This strategic consolidation aimed to deliver meaningful benefits for stakeholders and improve market liquidity.

Show more
Updated on 10/30/2026

Katapult (KPLT) stock has gained about 55% since 6/30/2026 because of the following key factors:

1. Katapult's stock experienced a significant surge, gaining approximately 89.41% from its closing price of $6.61 on June 30, 2026, to $12.52 on October 29, 2026, primarily driven by robust fiscal Q2 2026 financial results that exceeded analyst expectations. The company reported its fiscal Q2 2026 results on August 4, 2026, posting an Earnings Per Share (EPS) of -$0.54, which significantly beat analysts' consensus estimates of -$1.22 by 55.74%. Additionally, Katapult achieved its 15th consecutive quarter of gross originations growth, reaching $75.5 million, a 4.7% increase year-over-year, with total revenue growing 4.0% to $74.8 million. The company also saw a nearly 280% increase in Adjusted EBITDA and a 44.0% improvement in net loss, which narrowed to $(4.4) million from $(7.8) million in the prior year's second quarter.

2. The completion of a strategic merger with The Aaron's Company and CCF Holdings LLC in August 2026 created an expanded financial solutions platform, enhancing Katapult's market position. This merger, finalized on August 11, 2026, was highlighted as a move to form a scaled, omnichannel platform offering a comprehensive suite of financial solutions for nonprime consumers. The transaction involved the issuance of 79,700,142 shares to the equityholders of Aaron's and CCF Holdings, signaling a significant restructuring and expansion of Katapult's operational scope. This strategic consolidation aimed to deliver meaningful benefits for stakeholders and improve market liquidity.

3. Heightened investor anticipation and positive market momentum ahead of the fiscal Q3 2026 earnings announcement contributed to a notable stock price increase. On October 29, 2026, Katapult announced it would release its fiscal Q3 2026 financial results on November 12, 2026. This announcement alone triggered a substantial market movement, with KPLT closing 37.58% above its previous close in that single session, and reaching an intraday peak move of +33.6%. This surge, coupled with the company being ranked as the #4 monthly gainer, indicates strong investor sentiment and expectations for continued positive performance.

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Stock Movement Drivers

Fundamental Drivers

The 57.0% change in KPLT stock from 6/30/2026 to 10/30/2026 was primarily driven by a 25.8% change in the company's Net Income Margin (%).
(LTM values as of)630202610302026Change
Stock Price ($)6.6110.3857.0%
Change Contribution By: 
Total Revenues ($ Mil)2993021.0%
Net Income Margin (%)4.3%5.4%25.8%
P/E Multiple2.83.524.4%
Shares Outstanding (Mil)55-0.7%
Cumulative Contribution57.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/30/2026
ReturnCorrelation
KPLT57.0% 
Market (SPY)1.2%8.3%
Sector (XLK)-5.8%5.0%

Fundamental Drivers

The 47.0% change in KPLT stock from 3/31/2026 to 10/30/2026 was primarily driven by a 1046.7% change in the company's Net Income Margin (%).
(LTM values as of)331202610302026Change
Stock Price ($)7.0610.3847.0%
Change Contribution By: 
Total Revenues ($ Mil)2923023.4%
Net Income Margin (%)0.5%5.4%1046.7%
P/E Multiple27.93.5-87.4%
Shares Outstanding (Mil)55-1.8%
Cumulative Contribution47.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/30/2026
ReturnCorrelation
KPLT47.0% 
Market (SPY)16.5%0.8%
Sector (XLK)35.2%-1.5%

Fundamental Drivers

The -13.2% change in KPLT stock from 9/30/2025 to 10/30/2026 was primarily driven by a -12.3% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202510302026Change
Stock Price ($)11.9610.38-13.2%
Change Contribution By: 
Total Revenues ($ Mil)26730213.0%
P/S Multiple0.20.2-12.3%
Shares Outstanding (Mil)55-12.3%
Cumulative Contribution-13.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/30/2026
ReturnCorrelation
KPLT-13.2% 
Market (SPY)14.4%4.2%
Sector (XLK)27.9%2.7%

Fundamental Drivers

The 1.4% change in KPLT stock from 9/30/2023 to 10/30/2026 was primarily driven by a 46.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202310302026Change
Stock Price ($)10.2410.381.4%
Change Contribution By: 
Total Revenues ($ Mil)20630246.6%
P/S Multiple0.20.2-6.8%
Shares Outstanding (Mil)45-25.8%
Cumulative Contribution1.4%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/30/2026
ReturnCorrelation
KPLT1.4% 
Market (SPY)82.9%3.9%
Sector (XLK)122.9%2.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
KPLT Return-73%-72%-54%-38%-5%61%-97%
Peers Return1%-61%105%36%-10%17%14%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
KPLT Win Rate25%25%42%33%50%50% 
Peers Win Rate48%35%58%53%53%48% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
KPLT Max Drawdown-85%-78%-69%-76%-75%-57% 
Peers Max Drawdown-35%-71%-42%-27%-44%-34% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PRG, UPBD, AFRM, PYPL, BFH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/30/2026 (YTD)

How Low Can It Go

EventKPLTS&P 500
2025 US Tariff Shock
  % Loss-37.6%-18.8%
  % Gain to Breakeven60.2%23.1%
  Time to Breakeven69 days79 days
2024 Yen Carry Trade Unwind
  % Loss-32.8%-7.8%
  % Gain to Breakeven48.7%8.5%
  Time to Breakeven379 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-48.9%-9.5%
  % Gain to Breakeven95.8%10.5%
  Time to Breakeven202 days24 days
2023 SVB Regional Banking Crisis
  % Loss-56.9%-6.7%
  % Gain to Breakeven131.9%7.1%
  Time to Breakeven97 days31 days

Compare to PRG, UPBD, AFRM, PYPL, BFH

In The Past

Katapult's stock fell -37.6% during the 2025 US Tariff Shock. Such a loss loss requires a 60.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventKPLTS&P 500
2025 US Tariff Shock
  % Loss-37.6%-18.8%
  % Gain to Breakeven60.2%23.1%
  Time to Breakeven69 days79 days
2024 Yen Carry Trade Unwind
  % Loss-32.8%-7.8%
  % Gain to Breakeven48.7%8.5%
  Time to Breakeven379 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-48.9%-9.5%
  % Gain to Breakeven95.8%10.5%
  Time to Breakeven202 days24 days
2023 SVB Regional Banking Crisis
  % Loss-56.9%-6.7%
  % Gain to Breakeven131.9%7.1%
  Time to Breakeven97 days31 days

Compare to PRG, UPBD, AFRM, PYPL, BFH

In The Past

Katapult's stock fell -37.6% during the 2025 US Tariff Shock. Such a loss loss requires a 60.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Katapult (KPLT)

Katapult Holdings, Inc. (KPLT) is an e-commerce focused financial technology company that provides point-of-sale lease-purchase options. The company's primary business is to offer a flexible financing solution for nonprime consumers in the United States, enabling them to acquire durable goods from online retailers through a lease agreement with the option to purchase.

Katapult's main product is its technology platform, which integrates with e-commerce merchants to present lease-purchase options to customers at checkout. This service specifically targets consumers with nonprime credit profiles who may not qualify for traditional credit. By offering this alternative financing, Katapult serves both these consumers by providing access to goods, and its network of e-commerce merchants by expanding their potential customer base to include a broader segment of the market.

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Here are a few analogies to describe Katapult:

  • Rent-A-Center for online shopping.
  • Like Affirm or Klarna, but for shoppers with lower credit scores.

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  • Lease-Purchase Financing: This service offers nonprime consumers a point-of-sale lease-purchase option to acquire durable goods from e-commerce merchants.

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Major Customers of Katapult (KPLT)

Katapult primarily serves individual consumers by providing e-commerce point-of-sale lease-purchase options.

Customer Categories:

  • Nonprime consumers in the United States who utilize Katapult's lease-purchase option to acquire durable goods from its network of e-commerce merchants.

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  • Amazon.com, Inc. (AMZN) - for Amazon Web Services (AWS) cloud infrastructure

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Orlando Zayas, Chief Executive Officer and Director

Mr. Zayas has served as the Chief Executive Officer of Katapult Holdings, Inc. since June 2021, and as CEO of Legacy Katapult since September 2017. His previous leadership experience includes serving as CEO of DRB Capital from January to September 2017 and as President of TEMPOE, LLC. Mr. Zayas has also held various leadership roles at GE Capital and Safe-Guard Products International. He is recognized for his innovative strategies and leadership in the e-commerce and retail sectors.

Nancy A. Walsh, Chief Financial Officer

Ms. Walsh was appointed Chief Financial Officer of Katapult in December 2022. Before joining Katapult, she held the position of Chief Financial Officer and Executive Vice President at LL Flooring from September 2019 to December 2022. Her extensive background also includes serving as Chief Financial Officer and Executive Vice President at Pier 1 and The Bon-Ton Stores, Inc. Additionally, Ms. Walsh held several senior finance and risk management roles at Coach, including Senior Vice President of Finance, Chief Risk Officer, and Treasurer.

Derek Medlin, Director, President and Chief Growth Officer

Mr. Medlin was appointed President and Chief Growth Officer of Katapult in August 2024. Prior to this role, he served as Chief Operating Officer for Katapult from July 2018 to August 2024 and as Executive Vice President of Operations from July 2017 to July 2018. Before his tenure at Katapult, Mr. Medlin was an Executive Director at JPMorgan Chase from 2014 to 2017, a Vice President at Elavon (U.S. Bank) from 2009 to 2014, and a Senior Analyst at Pyramid Research from 2006 to 2009.

AI Analysis | Feedback

Here are the key risks to Katapult Holdings, Inc. (KPLT):

  1. Financial Health, Profitability, and Debt Challenges: Katapult faces significant challenges regarding its financial health, marked by weak business operations, ongoing profitability issues, and a lack of GAAP net profit to date. The company exhibits poor financial strength, with a low current ratio and high debt-to-equity ratio, indicating substantial leverage and potential liquidity concerns. Katapult has encountered instances of missing loan covenants, necessitating waivers, which raises the risk of debt conversion into equity and subsequent dilution for existing shareholders. A breach or default on its loan agreements could accelerate obligations and severely impact its financial condition and operational viability.
  2. Vulnerability to Macroeconomic Conditions and Nonprime Consumer Base: The company's business model is highly susceptible to broader macroeconomic conditions, including inflation, rising interest rates, and fluctuations in consumer spending. Katapult's customer base primarily consists of financially vulnerable or coping nonprime consumers, making it particularly exposed to adverse changes in consumer behavior and economic downturns. This vulnerability can lead to increased charge-offs if the company's decisioning tools cannot accurately adapt to changing consumer financial situations.
  3. Risks Associated with Pending Strategic Mergers: Katapult is currently engaged in pending strategic mergers with CCFI and Aaron's. The completion of these mergers introduces significant risks, including potential operational disruptions and uncertainties that could adversely affect the company's financial results and business continuity. Furthermore, these mergers are expected to lead to a substantial shift in ownership, with existing Katapult shareholders anticipated to hold approximately 6% of the combined entity, which could result in significant shareholder dilution and a change in corporate control.

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Increased regulatory scrutiny and potential for new regulations impacting the buy-now-pay-later (BNPL) and lease-purchase industry, particularly for nonprime consumers. Regulatory bodies, such as the Consumer Financial Protection Bureau (CFPB), have actively expressed concerns regarding consumer protection, disclosures, and potential debt accumulation associated with these products. New legislation or regulatory changes could significantly impact Katapult's business model, operational costs, and profitability by imposing stricter requirements, limiting product offerings, or reclassifying lease-purchase options as loans subject to different regulations.

AI Analysis | Feedback

The addressable market for Katapult Holdings, Inc. (KPLT), which provides e-commerce point-of-sale lease-purchase options for nonprime consumers, is the U.S. rent-to-own (lease-purchase) market for durable goods.

This market was valued at approximately USD 11.95 billion in 2023 and is projected to grow to approximately USD 18.17 billion by 2029, with a compound annual growth rate (CAGR) of 7.32% from 2024 to 2029. Another estimate places the U.S. market at USD 12.31 billion in 2023, expected to reach USD 19.39 billion by 2031, growing at a CAGR of approximately 6.77% from 2024 to 2031.

The market for rent-to-own services caters to consumers with lower credit scores (nonprime/subprime), generally defined as those with FICO scores below 620, a segment that constitutes around 15% of U.S. borrowers. These consumers often utilize subprime credit for retail purchases, including durable goods.

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Expected Drivers of Future Revenue Growth for Katapult (KPLT)

Over the next 2-3 years, Katapult (KPLT) is expected to drive revenue growth through several key initiatives:

  1. Continued Growth in Gross Originations: Katapult's ability to increase gross originations, which grew 17% in 2025, is a primary driver of revenue. The company anticipates at least 20% growth in gross originations for the full year 2026. This growth is supported by an increase in lease applications and originations, demonstrating consumer affinity for its lease-to-own (LTO) offering.
  2. Strategic Merger with Aaron's and CCF Holdings: A pending all-stock merger transaction with Aaron's and CCF Holdings is highlighted as a significant strategic move. This merger is expected to enhance Katapult's capabilities, create a company with over $4 billion in pro forma revenue, and provide substantial synergy potential, fundamentally altering Katapult's scale and market position.
  3. Expansion of KPay and the Katapult App Marketplace: Katapult is experiencing strong growth in its proprietary payment solution, KPay, with gross originations growing 51.2% in 2025 and representing nearly half of total gross originations in Q4 2025. The company is also seeing robust engagement and growth in Monthly Active Users (MAU) within its Katapult app marketplace, which continues to add new merchants such as Kay Jewelers.
  4. Increased Merchant Partnerships: Expanding its network of e-commerce merchant-partners is a crucial growth strategy. Katapult focuses on the value it brings to these partners through its LTO platform. The company is actively launching and ramping up partnerships, including with PayTomorrow, Adorama, and Meineke, to broaden its reach and product offerings.
  5. Innovation and Focus on the Nonprime Consumer Market: Katapult continues to develop and refine its innovative lease-to-own platform for nonprime consumers. Despite economic headwinds and consumer financial stress, the company remains confident in the necessity of its offerings and is launching new initiatives specifically designed to address these challenges and serve its core market.

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Share Repurchases

No information available for share repurchases made or authorized in the last 3-5 years.

Share Issuance

  • In November 2025, Katapult executed a $65 million private placement of convertible preferred stock with HHCF Series 21 Sub, LLC, issuing 35,000 shares of Series A and 30,000 shares of Series B Convertible Preferred Stock.
  • The private placement, if fully converted, would result in the investor owning 54.5% of Katapult's common stock, subject to a 19.99% ownership limitation until shareholder approval is obtained.
  • An all-stock merger transaction with The Aaron's Company, Inc. and CCF Holdings LLC, announced in December 2025 and anticipated to close in the first half of 2026, will result in current Katapult stockholders owning 6% of the combined company on a fully diluted basis.

Inbound Investments

  • Katapult received a $65 million capital investment from Hawthorn Horizon Credit Fund in the third quarter of 2025.
  • The proceeds from this investment were primarily used to repay Katapult's term loan and to invest in growth opportunities.

Outbound Investments

No information available for outbound investments made by the company in the last 3-5 years.

Capital Expenditures

  • Katapult Holdings Inc. invested $4K in capital expenditures in the third quarter of 2025.
  • In Q3 2025, capital expenditures of $54K consumed most of the -$32.6M operating cash flow.
  • Capital expenditures and strategic investments indicate a focus on sustainable growth while managing existing liabilities.

Better Bets vs. Katapult (KPLT)

Peer Outperformance in Systems Software

KPLT has trailed 82% of its 68 Systems Software peers over 5Y. Among the peers that beat it are CVLT, FTNT and NTNX. Systems Software ranks 12th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Systems Software constituents that KPLT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
52%
of 86 industry peers · -6.4% return
3Y
43%
of 72 industry peers · 2.8% return
5Y
18%
of 68 industry peers · -90.6% return
Systems Software peers with revenue growth within 4pp of KPLT's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
KPLT Katapult 13.6% 3.5x -6.4%2.8%-90.6% —
CVLT CommVault Systems 16.3% 82.4x 20.0%152.7%168.5% +259pp
FTNT Fortinet 15.1% 43.8x 61.6%138.0%102.3% +193pp
NTNX Nutanix 15.3% 12.1x -2.7%85.7%95.9% +186pp
QLYS Qualys 10.3% 38.0x 81.0%46.5%80.0% +171pp
MSFT Microsoft 16.6% 27.2x 0.1%58.0%64.0% +155pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Information Technology sector, ranked by 5Y. Systems Software is KPLT's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 10 28.6%117.4%232.6% FLEX 597% · TTMI 526% · JBL 362%
Technology Distributors 9 46.4%83.7%82.4% AVT 162% · SNX 140% · CNXN 100%
Semiconductor Materials & Equipment 28 45.6%77.3%59.3% AXTI 574% · LRCX 346% · KLAC 345%
Communications Equipment 36 5.3%82.3%51.0% LITE 918% · AAOI 803% · ANET 559%
Electronic Components 26 -0.6%69.4%46.8% CLS 2604% · BELFA 1204% · APH 332%
Semiconductors 55 0.9%57.3%16.4% MU 1211% · NVDA 704% · AVGO 570%
Technology Hardware, Storage & Peripherals 21 3.6%104.5%2.6% WDC 841% · SMCI 831% · DELL 744%
Electronic Equipment & Instruments 27 -7.4%30.2%-1.1% PI 158% · OSIS 114% · MIR 73%
Internet Services & Infrastructure 6 9.0%58.4%-10.1% GDDY 69% · VRSN 40% · DOCN -8%
IT Consulting & Other Services 30 -26.1%-5.8%-24.6% CHRN 378321% · APLD 280% · IBM 160%
Application Software 126 -17.4%-5.3%-49.0% PLTR 611% · FROG 189% · AGYS 143%
Systems Software ← 69 -7.0%24.4%-51.8% ZETA 277% · CRWD 255% · CVLT 169%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Katapult Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

KPLTPRGUPBDAFRMPYPLBFHMedian
NameKatapult PROG Upbound Affirm PayPal Bread Fi. 
Mkt Price10.3634.7721.0073.4757.01103.3945.89
Mkt Cap0.11.41.224.948.44.02.7
Rev LTM3022,7634,7264,26134,2954,0034,132
Op Inc LTM54142608716,350-414
FCF LTM-43164349936,2992,189713
FCF 3Y Avg-172462206286,3032,062437
CFO LTM-33314991,2317,0932,189865
CFO 3Y Avg-162572838257,0632,063554

Growth & Margins

KPLTPRGUPBDAFRMPYPLBFHMedian
NameKatapult PROG Upbound Affirm PayPal Bread Fi. 
Rev Chg LTM13.0%15.4%3.2%32.2%4.4%5.5%9.2%
Rev Chg 3Y Avg13.6%4.5%6.0%39.1%5.6%-2.3%5.8%
Rev Chg Q4.0%25.6%-1.6%33.0%2.0%4.7%4.4%
QoQ Delta Rev Chg LTM1.0%5.7%-0.4%7.3%0.5%1.2%1.1%
Op Inc Chg LTM161.5%3.5%6.1%157.7%0.9%-6.1%
Op Inc Chg 3Y Avg29.5%-0.5%25.7%152.8%10.0%-25.7%
Op Mgn LTM1.5%15.0%5.5%20.4%18.5%-15.0%
Op Mgn 3Y Avg-0.8%16.2%5.7%6.5%18.6%-6.5%
QoQ Delta Op Mgn LTM-0.2%-0.3%0.4%1.1%0.1%-0.1%
CFO/Rev LTM-0.9%12.0%10.6%28.9%20.7%54.7%16.3%
CFO/Rev 3Y Avg-6.0%10.2%6.1%24.3%21.5%52.8%15.9%
FCF/Rev LTM-1.3%11.4%9.2%23.3%18.4%54.7%14.9%
FCF/Rev 3Y Avg-6.4%9.7%4.8%18.2%19.2%52.7%13.9%

Valuation

KPLTPRGUPBDAFRMPYPLBFHMedian
NameKatapult PROG Upbound Affirm PayPal Bread Fi. 
Mkt Cap0.11.41.224.948.44.02.7
P/S0.20.50.35.81.41.00.7
P/Op Inc12.23.34.728.67.6-7.6
P/EBIT1.75.84.726.37.8-5.8
P/E3.59.111.012.910.27.49.7
P/CFO-21.84.22.520.26.81.83.3
Total Yield28.4%12.5%16.8%7.7%10.8%14.8%13.7%
Dividend Yield0.0%1.6%7.6%0.0%1.0%1.3%1.1%
FCF Yield 3Y Avg-40.9%18.3%20.9%3.0%10.6%73.3%14.4%
D/E1.40.61.30.40.30.80.7
Net D/E1.00.51.20.30.1-0.20.4

Returns

KPLTPRGUPBDAFRMPYPLBFHMedian
NameKatapult PROG Upbound Affirm PayPal Bread Fi. 
1M Rtn137.0%12.5%37.2%6.1%8.5%5.8%10.5%
3M Rtn62.3%-20.7%11.1%2.7%-0.1%-4.1%1.3%
6M Rtn43.4%-3.2%14.6%8.8%13.7%21.7%14.1%
12M Rtn-6.6%20.5%18.8%6.6%-15.1%68.9%12.7%
3Y Rtn2.5%32.4%-2.0%317.2%11.3%298.8%21.9%
1M Excs Rtn129.1%10.6%36.3%3.3%6.4%5.6%8.5%
3M Excs Rtn61.2%-25.7%4.2%-4.7%-3.1%-8.4%-3.9%
6M Excs Rtn36.3%-10.3%7.4%1.7%6.6%14.6%7.0%
12M Excs Rtn-19.3%5.3%-13.2%-11.3%-29.7%55.7%-12.2%
3Y Excs Rtn-75.6%-61.6%-87.0%256.6%-73.0%202.6%-67.3%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment292247222  
Other revenue   40
Rental revenue   205303
Total292247222209303


Price Behavior

Price Behavior
Market Price$10.38 
Market Cap ($ Bil)0.1 
First Trading Date12/30/2019 
Distance from 52W High-17.1% 
   50 Days200 Days
DMA Price$6.85$6.74
DMA Trenddownindeterminate
Distance from DMA51.5%54.1%
 3M1YR
Volatility154.2%95.5%
Downside Capture114.3787.99
Upside Capture292.0351.29
Correlation (S&P 500)2.4%1.7%
KPLT Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.910.280.77-0.050.210.24
Up Beta-0.600.100.61-0.13-0.320.05
Down Beta-4.712.494.570.440.810.47
Up Capture41%-83%-65%-38%-28%1%
Bmk +ve Days6162766132424
Stock +ve Days8162455117347
Down Capture401%250%160%75%102%73%
Bmk -ve Days16263760120328
Stock -ve Days14264071135394

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KPLT
KPLT-6.8%95.5%0.35-
Sector ETF (XLK)18.6%27.1%0.601.1%
Equity (SPY)10.9%12.8%0.522.3%
Gold (GLD)-2.0%28.6%-0.081.3%
Commodities (DBC)48.2%20.6%1.79-5.7%
Real Estate (VNQ)10.2%13.7%0.4514.4%
Bitcoin (BTCUSD)-30.3%43.5%-0.714.7%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KPLT
KPLT-37.8%97.0%-0.06-
Sector ETF (XLK)18.6%26.1%0.6414.3%
Equity (SPY)12.2%17.1%0.5316.9%
Gold (GLD)16.2%19.0%0.681.6%
Commodities (DBC)9.2%19.5%0.355.5%
Real Estate (VNQ)0.9%18.9%-0.0615.9%
Bitcoin (BTCUSD)4.8%51.6%0.2813.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KPLT
KPLT-26.5%93.4%-0.06-
Sector ETF (XLK)23.7%25.1%0.8613.2%
Equity (SPY)15.2%17.9%0.7214.1%
Gold (GLD)11.4%16.5%0.562.0%
Commodities (DBC)8.2%18.1%0.375.7%
Real Estate (VNQ)5.3%20.7%0.2112.1%
Bitcoin (BTCUSD)61.7%66.2%1.0110.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity1.3 Mil
Short Interest: % Change Since 930202619.8%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest6.7 days
Basic Shares Quantity5.5 Mil
Short % of Basic Shares23.1%

Earnings Returns History

Updated 10/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/2026-1.6%0.2%-13.7%
5/7/2026-0.3%-3.5%-11.5%
3/11/20263.2%22.0%19.6%
11/12/2025-5.1%-9.3%7.4%
8/13/20251.4%14.0%58.0%
5/15/202514.0%31.3%45.8%
3/28/2025-8.3%-30.5%-44.5%
11/6/2024-15.4%-21.7%-20.5%
...
SUMMARY STATS   
# Positive1098
# Negative121314
Median Positive6.2%14.0%25.8%
Median Negative-8.4%-17.5%-18.4%
Max Positive38.6%31.3%58.0%
Max Negative-26.7%-46.5%-57.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/2026-1.6%0.2%-13.7%
5/7/2026-0.3%-3.5%-11.5%
3/11/20263.2%22.0%19.6%
11/12/2025-5.1%-9.3%7.4%
8/13/20251.4%14.0%58.0%
5/15/202514.0%31.3%45.8%
3/28/2025-8.3%-30.5%-44.5%
11/6/2024-15.4%-21.7%-20.5%
8/14/2024-17.4%-31.9%-35.8%
5/15/20246.6%13.6%-8.5%
3/14/2024-26.7%-34.8%-50.0%
11/8/20234.8%-7.7%-8.9%
8/9/20234.6%-9.8%-32.8%
5/11/20236.2%-3.0%-1.7%
3/9/2023-20.8%-46.5%-57.4%
11/9/2022-6.9%2.4%29.8%
8/9/2022-5.2%2.0%-18.3%
5/10/20227.5%-0.8%21.8%
3/15/20226.2%26.1%18.2%
11/9/202138.6%19.5%-13.7%
8/10/2021-8.5%-20.2%47.9%
6/15/2021-9.5%-17.5%-18.6%
SUMMARY STATS   
# Positive1098
# Negative121314
Median Positive6.2%14.0%25.8%
Median Negative-8.4%-17.5%-18.4%
Max Positive38.6%31.3%58.0%
Max Negative-26.7%-46.5%-57.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/04/202610-Q
03/31/202605/08/202610-Q
12/31/202503/11/202610-K
09/30/202511/12/202510-Q
06/30/202508/13/202510-Q
03/31/202505/15/202510-Q
12/31/202403/28/202510-K
09/30/202411/06/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202304/24/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/11/202310-Q
12/31/202203/09/202310-K
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/04/202610-Q
03/31/202605/08/202610-Q
12/31/202503/11/202610-K
09/30/202511/12/202510-Q
06/30/202508/13/202510-Q
03/31/202505/15/202510-Q
12/31/202403/28/202510-K
09/30/202411/06/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202304/24/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/11/202310-Q
12/31/202203/09/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202103/15/202210-K
09/30/202111/12/202110-Q
06/30/202108/16/202110-Q

Insider Activity

Updated 8/18/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hhcf, Series 21 Sub, LlcDirectSell81320260.00612,985  Form
2Hhcf, Series 21 Sub, LlcDirectSell81220266.361,0176,4684,103,771Form
3Thompson, Jane J DirectSell1009202510.318008,248459,156Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hhcf, Series 21 Sub, LlcDirectSell81320260.00612,985  Form
2Hhcf, Series 21 Sub, LlcDirectSell81220266.361,0176,4684,103,771Form
3Thompson, Jane J DirectSell1009202510.318008,248459,156Form
Core Cache Last Updated: 10/30/2026