Katapult Holdings, Inc.

Progress: Recent Highlights

•Total lease applications grew ~9.0% year-over-year in the fourth quarter and 45.0% in 2025. Katapult received approximately 2 million applications in 2025.

•Increased activity within the Katapult app marketplace

◦The Katapult app was opened nearly 16 million times in 2025, up 30.0%

◦Monthly Active Users (MAU) grew approximately 20.8% in the fourth quarter

◦66.6% of fourth quarter gross originations started in the Katapult app marketplace, making it the single largest customer referral source

◦Total app marketplace gross originations grew 13.7% year-over-year. Total app marketplace gross originations are defined as originations that start in our app but may be consummated elsewhere.

◦Cross-shopping activity continued to increase; customers with two or more current leases with two or more different retailers grew 15.3% in the fourth quarter and represented approximately 35.8% of the total number of gross originations during the quarter

◦Customer lifetime value grew nearly 4.0% in the fourth quarter

◦Customer satisfaction remained high and Katapult had a Net Promoter Score of 46 as of December 31, 2025

◦Approximately 63.5% of gross originations for the fourth quarter of 2025 came from repeat customers 1

•Consumer engagement grew with the addition of app functionality and features and the execution of targeted marketing campaigns

◦KPay conversion rate during the fourth quarter was flat compared to last year, but unique KPay customer count grew approximately 24.6% year-over-year

◦KPay gross originations grew 25.7% year-over-year in the fourth quarter and 49.4% of total gross originations were transacted using KPay. KPay gross originations grew 51.2% during 2025. Gross originations from new KPay customers grew 10.6% in the fourth quarter and 63.0% in 2025.

◦Launched Kay Jewelers in the Katapult app marketplace; there are approximately 40 KPay-enabled merchants in our ecosystem

•Continued to support our merchant-partners with targeted initiatives focused on strategic underwriting, pricing and event-driven co-marketing campaigns

◦Direct and waterfall gross originations represented approximately 51% of total fourth quarter originations and declined 11.4%. Excluding the home furnishings and mattress category, these gross originations grew approximately 4.7%.

◦Cohort of top 25 merchants grew 1.0% in the fourth quarter (as measured by gross originations volume) and 15.0% in 2025.

◦Added 57 direct or waterfall merchants or merchant pathways to our ecosystem. Pathways include new or existing merchant partners that launched a new website or an in-store experience that includes Katapult as a direct or waterfall LTO offering.

◦Entered partnership with LendPro, a leading waterfall financing platform