Katapult (KPLT) investor relations material

Executive summary

• Revenue for Q2 2026 increased 4.0% year-over-year to $74.8 million, driven by growth in gross originations and strong customer payment collections.

• Achieved 15th consecutive quarter of gross originations growth, with Q2 2026 originations up 4.7% year-over-year to $75.5 million; excluding home furnishings and mattress, originations grew 31%.

• Net loss for Q2 2026 was $4.4 million, an improvement from a $7.8 million loss in Q2 2025; net income for the six months ended June 30, 2026 was $1.3 million, compared to a $13.5 million loss in the prior year period.

• Pending mergers with CCFI and Aaron's are expected to close in August 2026, aiming to create a scaled financial solutions platform for nonprime consumers and significantly altering the capital structure and ownership distribution.

Financial highlights

• Gross originations for Q2 2026 were $75.5 million, up 4.7% year-over-year; KPay originations represented 40% of the total.

• Gross profit for Q2 2026 was $11.5 million (15.4% margin), nearly flat year-over-year.

• Adjusted EBITDA for Q2 2026 was $1.2 million, up from $0.3 million in Q2 2025.

• Net loss per share for Q2 2026 was $(1.41), improved from $(1.63) in Q2 2025.

• For the six months ended June 30, 2026, total revenue grew 6.9% to $153.8 million, with gross profit margin rising to 19.3%.

Outlook and guidance

• Management expects the pending mergers to provide sufficient liquidity to refinance or repay the New Revolving Facility and improve the financial position.

• No business outlook provided due to the pending mergers with Aaron's and CCF Holdings.

• The company anticipates continued growth in KPay and merchant partnerships, but notes risks from consumer behavior and macroeconomic conditions.