Filing Flows › Katapult Holdings (KPLT) › Q3 2025
Katapult Holdings (KPLT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Katapult Holdings (KPLT) reported revenue of $74.0M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +3% from the quarter before. Operating margin was 3.3%, net loss $4.9M (6.7% of revenue).
Katapult Holdings, Q3 2025: revenue $74.0M (+23% year over year), operating margin 3.3%, net loss $4.9M, operating cash flow $4.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.0M | +3% | +23% |
| Operating profit | $2.5M | — | — |
| Net earnings | −$4.9M | — | — |
| Operating cash flow | $4.0M | — | — |
| Free cash flow | $4.0M | — | — |
What changed
Revenue was $74.0M in Q3 2025, up 23% year over year and up 3% from the previous quarter.
Gross margin was 19.7%, down 0.2 points from a year earlier. Operating profit was $2.5M, a 3.3% margin (up 10.7 points year over year). Operating expenses fell 26% while revenue rose 23%. The quarter ended with a net loss of $4.9M, narrower than the previous quarter's $7.8M loss. Net interest and other expense of $7.5M was the main reason.
Operating cash flow was $4.0M. Non-cash charges added back $41.3M of depreciation and amortization and $801K of share-based compensation. Working capital and other items used $33.1M. Capital expenditures of $4K left free cash flow of $4.0M.
Questions
What was Katapult Holdings' revenue in the third quarter 2025?
Katapult Holdings (KPLT) reported revenue of $74.0M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +3% from the quarter before.
Was Katapult Holdings profitable in the third quarter 2025?
Operating profit was $2.5M (3.3% of revenue) and net loss $4.9M.
Source: Katapult Holdings 10-Q on SEC EDGAR.