Filing Flows › Katapult Holdings (KPLT) › Q1 2025
Katapult Holdings (KPLT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Katapult Holdings (KPLT) reported revenue of $71.9M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +14% from the quarter before. Operating margin was -0.7%, net loss $5.7M (7.9% of revenue).
Katapult Holdings, Q1 2025: revenue $71.9M (+11% year over year), operating margin -0.7%, net loss $5.7M, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $71.9M | +14% | +11% |
| Operating profit | −$536K | — | — |
| Net earnings | −$5.7M | — | — |
| Operating cash flow | $3.4M | — | +74% |
| Free cash flow | $3.4M | — | +72% |
What changed
Revenue was $71.9M in Q1 2025, up 11% year over year and up 14% from the previous quarter.
Gross margin was 19.9%, down 5.4 points from a year earlier. Operating costs exceeded revenue by $536K, an operating margin of -0.7%. Operating expenses grew 17% against revenue growth of 11%. The quarter ended with a net loss of $5.7M, narrower than the previous quarter's $9.6M loss. Net interest and other expense of $5.1M was the main reason.
Operating cash flow was $3.4M (up 74% year over year). Non-cash charges added back $39.4M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $31.3M. Capital expenditures of $24K left free cash flow of $3.4M.
Questions
What was Katapult Holdings' revenue in the first quarter 2025?
Katapult Holdings (KPLT) reported revenue of $71.9M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +14% from the quarter before.
Was Katapult Holdings profitable in the first quarter 2025?
Operating loss was $536K (-0.7% of revenue) and net loss $5.7M.
Source: Katapult Holdings 10-Q on SEC EDGAR.