Katapult Q1 Revenue Rises 9.8% and Adjusted EBITDA Nearly Triples to $6.4M
Katapult generated $79.0 million in revenue for Q1, up 9.8% year-over-year, and delivered $6.4 million in Adjusted EBITDA, a nearly 200% increase. Gross originations reached $64.2 million (+0.1%), rising 17.5% excluding home furnishings and mattress, and the firm expects to close its merger with Aaron’s and CCF Holdings.
1. First Quarter Financial Results
In the quarter ended March 31, 2026, Katapult delivered $79.0 million in revenue, up 9.8% year-over-year, and reported net income of $5.7 million compared with a $5.7 million loss last year. Gross originations were $64.2 million (+0.1%), and Adjusted EBITDA rose to $6.4 million from $2.2 million in Q1 2025.
2. Operational and Customer Metrics
Excluding the home furnishings and mattress category, gross originations grew 17.5% year-over-year. Cross-shopping volume rose 14.3%, customer lifetime value increased 14.8%, and repeat customers accounted for 60.9% of originations. The Net Promoter Score held at 63, while KPay transactions grew 22.3% and app marketplace originations represented 60.8% of total volume.
3. Pending Merger with Aaron’s and CCF Holdings
Katapult’s pending merger with The Aaron’s Company and CCF Holdings is expected to create a premier omnichannel leasing platform for nonprime consumers, combining Katapult’s digital capabilities with Aaron’s retail footprint to expand scale and enhance service offerings.