Filing Flows › Katapult Holdings (KPLT) › Q1 2026
Katapult Holdings (KPLT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Katapult Holdings (KPLT) reported revenue of $79.0M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +7% from the quarter before. Operating margin was 5.5%, net earnings $5.7M (7.2% of revenue).
Katapult Holdings, Q1 2026: revenue $79.0M (+10% year over year), operating margin 5.5%, net earnings $5.7M, operating cash flow $12.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $79.0M | +7% | +10% |
| Gross profit | $18.2M | +58% | +27% |
| Operating profit | $4.3M | — | — |
| Net earnings | $5.7M | -71% | — |
| Operating cash flow | $12.2M | — | +255% |
| Free cash flow | $12.2M | — | +257% |
What changed
Revenue was $79.0M in Q1 2026, up 10% year over year and up 7% from the previous quarter.
Gross margin was 23.0%, up 3.1 points from Q1 2025. Operating profit was $4.3M, a 5.5% margin (up 6.2 points year over year). Operating expenses fell 7% while revenue rose 10%. Net earnings were $5.7M. The effective tax rate was -0.8%. Non-operating items added $1.3M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $12.2M (up 255% year over year), 215% of net earnings. Non-cash charges added back $40.7M of depreciation and amortization and $546K of share-based compensation. Working capital and other items used $34.7M. Capital expenditures of $8K left free cash flow of $12.2M.
Questions
What was Katapult Holdings' revenue in the first quarter 2026?
Katapult Holdings (KPLT) reported revenue of $79.0M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +7% from the quarter before.
Was Katapult Holdings profitable in the first quarter 2026?
Operating profit was $4.3M (5.5% of revenue) and net earnings $5.7M.
Source: Katapult Holdings 10-Q on SEC EDGAR.