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Katapult Holdings, Inc. operates a lease-to-own platform for nonprime consumers in the United States. The company's technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce retailers. It also offers Katapult Pay, a one-time use virtual card technology to facilitate payment to the merchant at check out. The company was formerly known as Cognical Holdings, Inc. and changed its name to Katapult Holdings, Inc. in February 2020. The company is headquartered in Plano, Texas.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Katapult Holdings runs a technology-enabled point-of-sale lease-to-own platform partnering with online and omnichannel retailers to serve customers with limited credit access. Growth drivers include merchant expansion, rising e-commerce adoption, and scaling of underwriting and capital programs that may support higher transaction volumes. Investors may find exposure to the underserved consumer finance segment and recurring lease-derived revenue attractive for a long-term view.
Key risks include elevated credit losses in a downturn, dependence on funding and capital markets, competition from BNPL and lenders, and regulatory scrutiny of lease-to-own products.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -37.92M | 21.75M | 23.02M | -18.79M | - |
| Net income | -37.87M | 21.21M | 22.53M | -27.37M | - |
| Selling general administrative | 50.54M | 52.42M | 20.40M | 15.39M | - |
| Gross profit | 40.99M | 88.99M | 79.79M | 20.66M | - |
| Reconciled depreciation | 116.70M | 143.99M | 111.45M | 47.08M | - |
| Ebit | -24.36M | 29.96M | 52.97M | -0.23M | -12.22M |
| Ebitda | 92.33M | 173.95M | 164.42M | 46.85M | - |
| Depreciation and amortization | 116.70M | 143.99M | 111.45M | 47.08M | - |
| Non operating income net other | 7.18M | 36.57M | -30.94M | - | - |
| Operating income | -24.36M | 29.96M | 52.97M | -0.23M | - |
| Other operating expenses | 237.21M | 273.16M | 194.23M | 92.11M | - |
| Interest expense | 20.00M | 16.48M | 13.59M | 8.58M | 0.00M |
| Tax provision | -0.05M | 0.54M | 0.20M | 0.10M | - |
| Interest income | 19.25M | 16.48M | 1.15M | 0.57M | - |
| Net interest income | -19.25M | -16.48M | -13.59M | -8.58M | - |
| Income tax expense | -0.05M | 0.54M | 0.49M | 8.58M | - |
| Total revenue | 212.10M | 303.11M | 247.20M | 91.88M | - |
| Total operating expenses | 66.09M | 59.03M | 26.82M | 20.89M | - |
| Cost of revenue | 171.12M | 214.12M | 167.41M | 71.22M | - |
| Total other income expense net | -13.56M | -8.21M | -29.95M | -18.56M | - |
| Net income from continuing ops | -37.87M | 21.21M | -31.93M | -18.79M | - |
| Net income applicable to common shares | -37.87M | 21.21M | 1.93M | -18.79M | -23.51M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 100.86M | 131.90M | 166.16M | 0.25M | 250.57M |
| Intangible assets | 1.92M | 1.85M | 1.06M | 0.00M | - |
| Other current assets | -33.81M | 58.79M | 61.75M | -0.25M | 39.59M |
| Total liab | 128.85M | 124.77M | 125.36M | 0.01M | 22.28M |
| Total stockholder equity | -27.99M | 7.13M | 40.80M | 0.01M | 230.00M |
| Other current liab | 36.15M | 14.53M | 11.96M | 0.00M | 1.37M |
| Common stock | - | 0.01M | 0.01M | 0.24M | 0.01M |
| Capital stock | 0.00M | 0.01M | 0.01M | 0.00M | - |
| Retained earnings | -122.54M | -76.68M | -36.84M | 0.00M | -80.58M |
| Other liab | - | 0.90M | 7.34M | 12.74M | - |
| Other assets | 100.86M | 0.09M | 0.09M | 0.09M | 0.12M |
| Cash | 28.81M | 65.43M | 92.49M | 0.00M | 1.58M |
| Cash and equivalents | - | - | - | 1.04M | 1.58M |
| Total current liabilities | 42.30M | 42.73M | 16.12M | 0.00M | 26.07M |
| Current deferred revenue | 4.95M | 1.55M | 2.13M | 2.65M | - |
| Net debt | 52.61M | 41.09M | 9.40M | -0.00M | - |
| Short term debt | 0.30M | 25.38M | 0.00M | 0.00M | 0.00M |
| Short long term debt | - | 25.00M | - | - | - |
| Short long term debt total | 81.42M | 106.52M | 101.90M | 0.04M | - |
| Other stockholder equity | 94.54M | 83.79M | 77.63M | -0.23M | - |
| Property plant equipment | - | 1.33M | 0.58M | 0.33M | 0.18M |
| Total current assets | 97.64M | 128.63M | 164.44M | 0.00M | 250.57M |
| Long term investments | - | - | - | 251.25M | - |
| Net tangible assets | - | 7.13M | 40.80M | -51.03M | -73.89M |
| Short term investments | - | - | - | 251.24M | 250.57M |
| Net receivables | 5.00M | 0.00M | 2.01M | 0.00M | 0.92M |
| Long term debt | 85.85M | 80.70M | 61.24M | 44.79M | - |
| Inventory | - | - | 8.19M | 5.22M | - |
| Accounts payable | 0.90M | 1.26M | 2.03M | 1.69M | 0.92M |
| Common stock total equity | - | 0.01M | 0.01M | 0.24M | - |
| Retained earnings total equity | - | -76.68M | -36.84M | -34.99M | - |
| Non currrent assets other | 0.09M | 0.09M | 0.09M | 0.25M | - |
| Non current assets total | 3.23M | 3.27M | 1.72M | 0.25M | - |
| Capital lease obligations | 0.91M | 0.83M | - | - | - |
| Long term debt total | - | 80.70M | 61.24M | 44.79M | 0.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -1.50M | -1.44M | -0.40M | 0.09M | - |
| Change to liabilities | 1.37M | -1.18M | 2.05M | 0.34M | 1.00M |
| Total cashflows from investing activities | -1.50M | -1.44M | -0.40M | 0.09M | -0.06M |
| Net borrowings | -3.96M | -13.44M | 60.71M | 31.44M | 22.43M |
| Total cash from financing activities | -4.24M | 26.10M | 59.90M | 40.78M | 25.65M |
| Change to operating activities | -153.80M | -203.70M | -187.07M | -84.73M | -42.21M |
| Net income | -37.87M | 21.21M | 22.53M | -18.79M | -23.51M |
| Change in cash | -26.59M | 26.83M | 57.35M | 9.28M | 0.12M |
| Begin period cash flow | 96.43M | 69.60M | 12.25M | 2.96M | - |
| End period cash flow | 69.84M | 96.43M | 69.60M | 12.25M | 2.96M |
| Total cash from operating activities | -20.85M | 2.17M | -2.14M | -31.58M | -25.48M |
| Issuance of capital stock | - | 0.00M | 0.00M | 9.34M | - |
| Depreciation | 116.70M | 143.99M | 111.45M | 47.08M | 25.26M |
| Other cashflows from investing activities | -1.34M | -1.05M | 0.03M | 0.17M | -0.03M |
| Change to inventory | - | -4.86M | 4.38M | 3.08M | - |
| Change to account receivables | 0.00M | -28.67M | -16.78M | -8.97M | -5.10M |
| Sale purchase of stock | -0.34M | 150.68M | - | 252.25M | - |
| Other cashflows from financing activities | 18.52M | 46.58M | 88.20M | 43.62M | -0.93M |
| Change to netincome | 2.12M | 6.29M | 65.02M | 32.74M | 18.79M |
| Capital expenditures | 1.50M | 1.44M | 0.44M | 0.08M | 0.02M |
| Change receivables | - | -28.67M | - | - | - |
| Cash flows other operating | -108.43M | -142.53M | -1.09M | - | - |
| Cash and cash equivalents changes | -26.59M | 26.83M | -0.53M | - | - |
| Change in working capital | -155.15M | -232.54M | -201.79M | -93.36M | - |
| Stock based compensation | 6.44M | 13.02M | 0.35M | 0.32M | - |
| Other non cash items | 49.04M | 50.19M | 31.89M | 13.21M | - |
| Free cash flow | -22.35M | 0.73M | -2.58M | -31.67M | - |
Sector: Technology Industry: Software - Infrastructure
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| KPLT Katapult Holdings Inc |
- -% |
11.06 | - | - | 0.24 | 4.70 | 0.54 | 1.10 |
| MSFT Microsoft Corporation |
-5.32 0.99% |
530.61 | 37.32 | 29.94 | 13.03 | 12.45 | 13.06 | 24.59 |
| ORCL Oracle Corporation |
0.87 0.76% |
116.03 | 21.96 | 17.89 | 5.91 | 7.08 | 7.82 | 14.89 |
| CRWD Crowdstrike Holdings Inc |
-0.30 0.14% |
216.90 | 4849.80 | 188.68 | 46.01 | 47.24 | 43.89 | 559.34 |
| FTNT Fortinet Inc |
-3.67 3.00% |
118.84 | 60.27 | 43.86 | 16.80 | 80.50 | 16.11 | 43.33 |
Katapult Holdings, Inc. operates a lease-to-own platform for nonprime consumers in the United States. The company's technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce retailers. It also offers Katapult Pay, a one-time use virtual card technology to facilitate payment to the merchant at check out. The company was formerly known as Cognical Holdings, Inc. and changed its name to Katapult Holdings, Inc. in February 2020. The company is headquartered in Plano, Texas.
| Name | Title | Year Born |
|---|---|---|
| Mr. Orlando J. Zayas | CEO, Pres & Director | 1962 |
| Mr. Chandan Chopra | Chief Technology Officer | 1976 |
| Mr. Derek Medlin | Chief Operating Officer | 1984 |
| Mr. Christopher Towers B.Sc., C.P.A. | Chief Accounting Officer | 1986 |
| Bill Wright | VP of Investor Relations | NA |
| Ms. Tahmineh Maloney | Gen. Counsel, Head of Compliance & Sec. | 1975 |
| Ms. Colleen Gorsky | Chief Marketing Officer | NA |
| Mr. Jorge Diaz | Chief HR Officer | NA |
| Ms. Karissa Cupito | Sr. Advisor | 1981 |
| Mr. Rolando De Gracia | Chief Commercial Officer | NA |
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