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Side-by-side financial comparison of C3.ai, Inc. (AI) and Katapult Holdings, Inc. (KPLT). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $73.9M, roughly 1.0× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -139.3%, a 166.1% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -20.3%). Katapult Holdings, Inc. produced more free cash flow last quarter ($-12.0M vs $-46.9M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
AI vs KPLT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $73.9M |
| Net Profit | $-104.7M | $19.8M |
| Gross Margin | 40.4% | 15.6% |
| Operating Margin | -149.2% | -1.4% |
| Net Margin | -139.3% | 26.8% |
| Revenue YoY | -20.3% | 17.3% |
| Net Profit YoY | -58.7% | 307.3% |
| EPS (diluted) | $-0.75 | $3.69 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.1M | $73.9M | ||
| Q3 25 | $70.3M | $74.0M | ||
| Q2 25 | $108.7M | $71.9M | ||
| Q1 25 | $98.8M | $71.9M | ||
| Q4 24 | $94.3M | $63.0M | ||
| Q3 24 | $87.2M | $60.3M | ||
| Q2 24 | $86.6M | $58.9M | ||
| Q1 24 | $78.4M | $65.1M |
| Q4 25 | $-104.7M | $19.8M | ||
| Q3 25 | $-116.8M | $-4.9M | ||
| Q2 25 | $-79.7M | $-7.8M | ||
| Q1 25 | $-80.2M | $-5.7M | ||
| Q4 24 | $-66.0M | $-9.6M | ||
| Q3 24 | $-62.8M | $-8.9M | ||
| Q2 24 | $-72.9M | $-6.9M | ||
| Q1 24 | $-72.6M | $-570.0K |
| Q4 25 | 40.4% | 15.6% | ||
| Q3 25 | 37.6% | 19.7% | ||
| Q2 25 | 62.1% | 15.5% | ||
| Q1 25 | 59.1% | 19.9% | ||
| Q4 24 | 61.3% | 11.8% | ||
| Q3 24 | 59.8% | 19.8% | ||
| Q2 24 | 59.6% | 16.9% | ||
| Q1 24 | 57.8% | 25.3% |
| Q4 25 | -149.2% | -1.4% | ||
| Q3 25 | -177.7% | 3.3% | ||
| Q2 25 | -81.8% | -2.0% | ||
| Q1 25 | -88.7% | -0.7% | ||
| Q4 24 | -79.8% | -7.7% | ||
| Q3 24 | -83.2% | -7.4% | ||
| Q2 24 | -95.1% | -4.5% | ||
| Q1 24 | -105.3% | 5.8% |
| Q4 25 | -139.3% | 26.8% | ||
| Q3 25 | -166.2% | -6.7% | ||
| Q2 25 | -73.3% | -10.9% | ||
| Q1 25 | -81.2% | -7.9% | ||
| Q4 24 | -69.9% | -15.2% | ||
| Q3 24 | -72.0% | -14.7% | ||
| Q2 24 | -84.2% | -11.7% | ||
| Q1 24 | -92.6% | -0.9% |
| Q4 25 | $-0.75 | $3.69 | ||
| Q3 25 | $-0.86 | $-0.94 | ||
| Q2 25 | $-0.60 | $-1.63 | ||
| Q1 25 | $-0.62 | $-1.23 | ||
| Q4 24 | $-0.52 | $-2.17 | ||
| Q3 24 | $-0.50 | $-2.05 | ||
| Q2 24 | $-0.59 | $-1.61 | ||
| Q1 24 | $-0.60 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $-38.1M |
| Total Assets | $961.3M | $107.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $22.4M | ||
| Q3 25 | $711.9M | $3.4M | ||
| Q2 25 | $742.7M | $3.7M | ||
| Q1 25 | $724.3M | $6.0M | ||
| Q4 24 | $730.4M | $3.5M | ||
| Q3 24 | $762.5M | $25.9M | ||
| Q2 24 | $750.4M | $33.7M | ||
| Q1 24 | $723.3M | $31.2M |
| Q4 25 | $771.9M | $-38.1M | ||
| Q3 25 | $798.8M | $-58.4M | ||
| Q2 25 | $838.3M | $-54.1M | ||
| Q1 25 | $860.2M | $-51.7M | ||
| Q4 24 | $859.0M | $-46.8M | ||
| Q3 24 | $874.9M | $-40.3M | ||
| Q2 24 | $873.4M | $-32.9M | ||
| Q1 24 | $898.0M | $-27.5M |
| Q4 25 | $961.3M | $107.9M | ||
| Q3 25 | $968.7M | $85.9M | ||
| Q2 25 | $1.0B | $90.6M | ||
| Q1 25 | $1.1B | $88.5M | ||
| Q4 24 | $1.0B | $93.2M | ||
| Q3 24 | $1.1B | $92.0M | ||
| Q2 24 | $1.0B | $106.6M | ||
| Q1 24 | $1.1B | $106.6M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $-11.9M |
| Free Cash FlowOCF − Capex | $-46.9M | $-12.0M |
| FCF MarginFCF / Revenue | -62.4% | -16.2% |
| Capex IntensityCapex / Revenue | 0.5% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.60× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $-11.9M | ||
| Q3 25 | $-33.5M | $4.0M | ||
| Q2 25 | $11.3M | $-6.6M | ||
| Q1 25 | $-22.0M | $3.4M | ||
| Q4 24 | $-38.7M | $-32.6M | ||
| Q3 24 | $8.0M | $-5.4M | ||
| Q2 24 | $21.3M | $-628.0K | ||
| Q1 24 | $-39.1M | $2.0M |
| Q4 25 | $-46.9M | $-12.0M | ||
| Q3 25 | $-34.3M | $4.0M | ||
| Q2 25 | $10.3M | — | ||
| Q1 25 | $-22.4M | $3.4M | ||
| Q4 24 | $-39.5M | $-32.6M | ||
| Q3 24 | $7.1M | $-5.4M | ||
| Q2 24 | $18.8M | $-653.0K | ||
| Q1 24 | $-45.1M | — |
| Q4 25 | -62.4% | -16.2% | ||
| Q3 25 | -48.8% | 5.4% | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | -22.7% | 4.7% | ||
| Q4 24 | -41.9% | -51.8% | ||
| Q3 24 | 8.2% | -9.0% | ||
| Q2 24 | 21.7% | -1.1% | ||
| Q1 24 | -57.6% | — |
| Q4 25 | 0.5% | 0.0% | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 0.4% | 0.0% | ||
| Q4 24 | 0.9% | 0.1% | ||
| Q3 24 | 1.1% | 0.0% | ||
| Q2 24 | 2.9% | 0.0% | ||
| Q1 24 | 7.8% | 0.0% |
| Q4 25 | — | -0.60× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
KPLT
Segment breakdown not available.
