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$11.52-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(25,915) | $(36,666) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 140,636 | 126,533 |
| Depreciation for early lease purchase options (buyouts) | 29,061 | 25,784 |
| Depreciation for impaired leases | 24,962 | 22,019 |
| Change in fair value of warrants and other non-cash items | (256) | (807) |
| Stock-based compensation | 5,759 | 7,034 |
| Loss on partial extinguishment of debt | — | 2,391 |
| Amortization of debt discount | 3,104 | 2,760 |
| Amortization of debt issuance costs, net | 220 | 277 |
| Accrued PIK interest expense | 1,440 | 1,555 |
| Amortization of right-of-use assets | 318 | 355 |
| Changes in operating assets and liabilities: | ||
| Property held for lease | (201,189) | (183,695) |
| Prepaid expenses and other current assets | (2,053) | 3,610 |
| Litigation insurance reimbursement receivable | 5,000 | (5,000) |
| Accounts payable | 588 | (361) |
| Accrued liabilities | (6,775) | 4,419 |
| Accrued litigation settlement | (7,055) | 12,000 |
| Lease liabilities | (288) | (387) |
| Unearned revenues | (126) | 765 |
| Net cash used in operating activities | (32,569) | (17,414) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (54) | (20) |
| Additions to capitalized software | (1,249) | (954) |
| Net cash used in investing activities | (1,303) | (974) |
| Cash flows from financing activities: | ||
| Proceeds from revolving line of credit | 34,421 | 14,297 |
| Principal repayments on revolving line of credit | (12,406) | (11,551) |
| Principal repayment on term loan | — | (25,000) |
| Payments of deferred financing costs | — | (34) |
| Repurchases of restricted stock | (613) | (355) |
| Proceeds from exercise of stock options | 211 | 1 |
| Net cash provided by (used in) financing activities | 21,613 | (22,642) |
| Net (decrease) in cash, cash equivalents and restricted cash | (12,259) | (41,030) |
| Cash and cash equivalents and restricted cash at beginning of period | 28,811 | 69,841 |
| Cash and cash equivalents and restricted cash at end of period | $16,552 | $28,811 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $13,709 | $13,014 |
| Cash paid for income taxes | $270 | $206 |
| Deferred financing costs included in accrued liabilities | $— | $481 |
| Issuance of warrants to purchase common stock in connection with debt refinancing | $— | $4,060 |
| Issuance of common stock in connection with litigation settlements | $1,756 | $— |
| Right-of-use assets obtained in exchange for operating lease liabilities | $— | $471 |
| Cash paid for operating leases | $359 | $513 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.