Katapult Holdings, Inc.

Progress: Recent Highlights

(All comparisons are year-over-year unless stated otherwise.)

•Total lease applications declined 5.0% year-over-year in the first quarter.

•Increased activity within the Katapult app marketplace:

◦Monthly Active Users (MAU) were down approximately 1.0% in the first quarter

◦60.8% of first quarter gross originations started in the Katapult app marketplace, making it the single largest customer referral source

◦Total app marketplace gross originations grew 3.1% 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 14.3% in the first quarter and represented approximately 29.0% of the total number of gross originations during the quarter

◦Customer lifetime value grew 14.8% in the first quarter, driven in part by an increase in the average number of leases per customer

◦Customer satisfaction remained high and Katapult had a Net Promoter Score of 63 as of March 31, 2026

◦Approximately 60.9% of gross originations for the first quarter of 2026 came from repeat customers 1

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

◦In-quarter Katapult Pay (“KPay”) conversion rate during the first quarter grew 200bps compared to last year and the number of KPay transactions grew by approximately 22.3% year-over-year. Unique KPay customer count grew approximately 9.0% year-over-year.

◦KPay gross originations grew 18.6% year-over-year in the first quarter and 42.0% of total gross originations were transacted using KPay.

•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 58% of total first quarter originations and declined 10.1%. Excluding the home furnishings and mattress category, these gross originations grew approximately 10.0%.

◦Cohort of top 25 merchants declined 4.2% in the first quarter (as measured by gross originations volume)

◦Added 46 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.

◦Launched BrandsMart in-store experience and added the retailer to the KPay app marketplace. BrandsMart is one of the leading consumer electronics and appliance retailers in the southeastern US and one of the largest appliance retailers in the country.