Q2 2025 Katapult Holdings Inc Earnings Call Transcript
Key Points
- Gross originations grew 30.4% year over year, exceeding the company's outlook.
- Revenue increased by 22.1%, surpassing expectations.
- Positive adjusted EBITDA of over $300,000 was reported, ahead of break-even expectations.
- The app marketplace saw a 72% year-over-year growth in gross originations.
- KPay originations grew 81% year over year, representing a significant portion of total gross originations.
- Lease merchandise charge-off rate increased by 50 basis points, reaching the higher end of the target range.
- Conversion rates, while steady with Q1, were down year over year.
- Gross margin decreased to 15.5% from 16.9% in the previous year.
- Cash used for operations was $3.2 million, compared to $1.4 million generated in the previous year.
- The company faces potential macroeconomic headwinds, such as tariffs and inflation, which could impact future performance.
Thank you for standing by. My name is Eric, and I will be your conference operator today. At this time, I would like to welcome everyone to the Katapult Holdings second quarter 2025 earnings call.
I would now like to turn the call over to Jennifer Kull, Head of Investor Relations. Please go ahead.
Welcome to Katapult's second quarter 2025 conference call. On the call with me today are Orlando Zayas, Chief Executive Officer, Nancy Walsh, Chief Financial Officer, and Derek Medlin, President and Chief Groth Officer.
For your reference, we have posted materials related to today's call on the investor relations section of the Katapult website, which can be found at ir.katapultholdings.com.
Please keep in mind that our remarks today include forward-looking statements related to our financial guidance, our business, and our operating results, as noted in the earnings release and slide deck posted to our website for your reference.
Our actual results may differ
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
