Katapult Holdings reports mixed Q2 results; initiates Q3 outlook

* Katapult Holdings press release [https://seekingalpha.com/pr/20199011-katapult-delivers-second-quarter-gross-originations-revenue-and-adjusted-ebitda-above-outlook] (NASDAQ:KPLT [https://seekingalpha.com/symbol/KPLT]): Q2 GAAP EPS of -$1.63 misses by $0.25.
* Revenue of $71.89M (+22.1% Y/Y) beats by $1.44M.
* Gross originations were $72.1 million, an increase of 30.4%. Excluding the home furnishings and mattress category, gross originations grew 62% year-over-year.
* Total app marketplace gross originations grew 56% year-over-year.
* Total app marketplace applications grew ~39% year-over-year in the second quarter.
* Customer satisfaction remained high and Katapult had a Net Promoter Score of 63 as of June 30, 2025.
* 58.4% of gross originations for the second quarter of 2025 came from repeat customers.

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GIVEN OUR QUARTER-TO-DATE PROGRESS, KATAPULT EXPECTS THE FOLLOWING RESULTS FOR THE THIRD QUARTER OF 2025:

* 25% to 30% year-over-year increase in gross originations
* 20% to 25% year-over-year increase in revenue VS. ESTIMATED GROWTH OF 23.95% Y/Y
* Between $3 million and $3.5 million of Adjusted EBITDA

MORE ON KATAPULT HOLDINGS

* Katapult Holdings, Inc. (KPLT) Q1 2025 Earnings Call Transcript [https://seekingalpha.com/article/4787236-katapult-holdings-inc-kplt-q1-2025-earnings-call-transcript]
* Katapult reiterates at least 20% revenue and gross originations growth for 2025 while expanding app marketplace [https://seekingalpha.com/news/4449030-katapult-reiterates-at-least-20-percent-revenue-and-gross-originations-growth-for-2025-while]
* Katapult reports mixed Q1 results; initiates Q2 and reaffirms FY25 outlook [https://seekingalpha.com/news/4448588-katapult-reports-mixed-q1-results-initiates-q2-and-reaffirms-fy25-outlook]
* Seeking Alpha’s Quant Rating on Katapult Holdings [https://seekingalpha.com/symbol/KPLT/ratings/quant-ratings]
* Historical earnings data for Katapult Holdings [https://seekingalpha.com/symbol/KPLT/earnings]