Katapult Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 11, 2026.
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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.
FY2025 · Filed Mar 11, 2026
KPLT$11.74+6.1%Stored close · as of Nov 9, 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, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $22,432 | $3,465 |
| Restricted cash | 1,048 | 13,087 |
| Property held for lease, net of accumulated depreciation and impairment (Note 3) | 73,691 | 67,085 |
| Prepaid expenses and other current assets | 4,257 | 6,731 |
| Deferred financing costs, net | 3,802 | — |
| Total current assets | 105,230 | 90,368 |
| Property and equipment, net | 163 | 253 |
| Security deposits | 15 | 91 |
| Capitalized software and intangible assets, net | 2,119 | 2,076 |
| Right-of-use assets, non-current | 339 | 383 |
| Total assets | $107,866 | $93,171 |
| LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $1,891 | $1,491 |
| Accrued liabilities (Note 5) | 17,701 | 17,372 |
| Accrued litigation settlement (Note 11) | 750 | 2,199 |
| Unearned revenue | 4,883 | 4,823 |
| Revolving line of credit, net (Note 6) | 78,727 | 82,582 |
| Term loan, net (Note 6) | — | 30,047 |
| Lease liabilities | 51 | 179 |
| Derivative liability (Note 12) | 13,600 | — |
| Total current liabilities | 117,603 | 138,693 |
| Other liabilities | 45 | 828 |
| Lease liabilities, non-current | 392 | 444 |
| Total liabilities | 118,040 | 139,965 |
| MEZZANINE EQUITY | ||
| Series A Convertible Preferred Stock, $.0001 par value; 35,000 shares authorized, issued, and outstanding as of December 31, 2025; stated value $1,000 per share; liquidation preference of $36.0 million. | 11,308 | — |
| Series B Convertible Preferred Stock, $.0001 par value; 30,000 shares authorized, issued, and outstanding as of December 31, 2025; stated value $1,000 per share; liquidation preference of $30.9 million. | 16,601 | — |
| Total mezzanine equity | 27,909 | — |
| STOCKHOLDERS' DEFICIT | ||
| Common stock, $.0001 par value; 250,000,000 shares authorized; 4,750,258 and 4,446,540 shares issued and outstanding at December 31, 2025 and 2024, respectively | — | — |
| Additional paid-in capital | 109,003 | 101,657 |
| Accumulated deficit | (147,086) | (148,451) |
| Total stockholders' deficit | (38,083) | (46,794) |
| Total liabilities, mezzanine equity and stockholders' deficit | $107,866 | $93,171 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.