Katapult Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 28, 2025
KPLT$11.07+12.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(dollars in thousands, except per share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $3,465 | $21,408 |
| Restricted cash | 13,087 | 7,403 |
| Property held for lease, net of accumulated depreciation and impairment (Note 3) | 67,085 | 59,335 |
| Prepaid expenses and other current assets | 6,731 | 4,491 |
| Litigation insurance reimbursement receivable (Note 10) | — | 5,000 |
| Total current assets | 90,368 | 97,637 |
| Property and equipment, net | 253 | 327 |
| Security deposits | 91 | 91 |
| Capitalized software and intangible assets, net (Note 4) | 2,076 | 1,919 |
| Right-of-use assets, non-current | 383 | 888 |
| Total assets | $93,171 | $100,862 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $1,491 | $903 |
| Accrued liabilities (Note 5) | 17,372 | 24,146 |
| Accrued litigation settlement (Note 10) | 2,199 | 12,000 |
| Unearned revenue | 4,823 | 4,949 |
| Revolving line of credit, net (Note 6) | 82,582 | — |
| Term loan, net, current (Note 6) | 30,047 | — |
| Lease liabilities | 179 | 297 |
| Total current liabilities | 138,693 | 42,295 |
| Revolving line of credit, net (Note 6) | — | 60,347 |
| Term loan, net, non-current (Note 6) | — | 25,503 |
| Other liabilities | 828 | 95 |
| Lease liabilities, non-current | 444 | 614 |
| Total liabilities | 139,965 | 128,854 |
| Commitments and contingencies (Note 10) | ||
| STOCKHOLDERS' DEFICIT | ||
| Common stock, $.0001 par value-- 250,000,000 shares authorized; 4,446,540 and 4,072,713 shares issued and outstanding at December 31, 2024 and 2023, respectively | — | — |
| Additional paid-in capital | 101,657 | 94,544 |
| Accumulated deficit | (148,451) | (122,536) |
| Total stockholders' deficit | (46,794) | (27,992) |
| Total liabilities and stockholders' deficit | $93,171 | $100,862 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.