Business
Katapult Delivers 15.4% Gross Originations and 10.6% Revenue Growth in the First Quarter, Above Outlook
Expects Growth to Accelerate In Second QuarterReiterates 2025 Guidance PLANO, Texas, May 15, 2025 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (“Katapult” or the “Company”) (NASDAQ: KPLT), an e-commerce-focused financial technology company, today reported its financial results for the first quarter ended March 31, 2025. “2025 is off to a strong start and we are well positioned to achieve our full year targets,” said Orlando Zayas, CEO of Katapult. “We achieved double-digit gross originations and
About this update from Katapult Holdings, Inc.
[{"type":"image","alt":"Katapult Holdings, Inc.","displaySize":"","headline":null,"caption":"Katapult Holdings, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":116,"url":"https://media.zenfs.com/en/globenewswire.com/b07667f74b3821fb5e937e6e0e7ba40d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Pcvb9W68f.jBSr17wCyr7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE2MjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/b07667f74b3821fb5e937e6e0e7ba40d","width":300,"height":116}},"lazy":false},{"type":"text","content":"Expects Growth to Accelerate In Second QuarterReiterates 2025 Guidance","length":71,"tagName":"p"},{"type":"text","content":"PLANO, Texas, May 15, 2025 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (“Katapult” or the “Company”) (NASDAQ: KPLT), an e-commerce-focused financial technology company, today reported its financial results for the first quarter ended March 31, 2025.","length":254,"tagName":"p"},{"type":"text","content":"“2025 is off to a strong start and we are well positioned to achieve our full year targets,” said Orlando Zayas, CEO of Katapult. “We achieved double-digit gross originations and revenue growth, driven by increasing engagement with the Katapult app marketplace, including 57% growth in KPay originations. Our marketplace is thriving - from application growth to repeat purchase rates, to high Net Promoter scores and beyond, we believe we have all the hallmarks of a healthy ecosystem and we intend to lean into opportunities to accelerate our growth. We are excited about the future and as we continue to execute on our consumer and merchant initiatives, we feel confident that we can create value for all of our stakeholders.”","length":728,"tagName":"p"},{"type":"text","content":"Operating Progress: Recent Highlights","length":37,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Increased activity within the Katapult app marketplace","length":54,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"~59% of first quarter gross originations started in the Katapult app marketplace, making it the single largest customer referral source. Total app originations grew 42% year-over-year.","length":184,"tagName":"p"}]},{"val":[{"type":"text","content":"Applications grew ~59% year-over-year in the first quarter","length":58,"tagName":"p"}]},{"val":[{...