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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Katapult Holdings, Inc. (KPLT). Click either name above to swap in a different company.
Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $54.4M, roughly 1.4× Canopy Growth Corp). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -84.0%, a 110.9% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -0.3%). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
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.
CGC vs KPLT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $73.9M |
| Net Profit | $-45.7M | $19.8M |
| Gross Margin | 28.8% | 15.6% |
| Operating Margin | -35.3% | -1.4% |
| Net Margin | -84.0% | 26.8% |
| Revenue YoY | -0.3% | 17.3% |
| Net Profit YoY | 48.6% | 307.3% |
| EPS (diluted) | — | $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 | $54.4M | $73.9M | ||
| Q3 25 | $48.7M | $74.0M | ||
| Q2 25 | $52.7M | $71.9M | ||
| Q1 25 | $47.5M | $71.9M | ||
| Q4 24 | $54.6M | $63.0M | ||
| Q3 24 | $46.0M | $60.3M | ||
| Q2 24 | $48.3M | $58.9M | ||
| Q1 24 | $53.1M | $65.1M |
| Q4 25 | $-45.7M | $19.8M | ||
| Q3 25 | $-1.2M | $-4.9M | ||
| Q2 25 | $-30.3M | $-7.8M | ||
| Q1 25 | — | $-5.7M | ||
| Q4 24 | $-89.0M | $-9.6M | ||
| Q3 24 | $-93.7M | $-8.9M | ||
| Q2 24 | $-92.8M | $-6.9M | ||
| Q1 24 | — | $-570.0K |
| Q4 25 | 28.8% | 15.6% | ||
| Q3 25 | 32.8% | 19.7% | ||
| Q2 25 | 25.0% | 15.5% | ||
| Q1 25 | 16.2% | 19.9% | ||
| Q4 24 | 32.2% | 11.8% | ||
| Q3 24 | 34.7% | 19.8% | ||
| Q2 24 | 34.8% | 16.9% | ||
| Q1 24 | 21.3% | 25.3% |
| Q4 25 | -35.3% | -1.4% | ||
| Q3 25 | -25.3% | 3.3% | ||
| Q2 25 | -31.4% | -2.0% | ||
| Q1 25 | — | -0.7% | ||
| Q4 24 | -31.9% | -7.7% | ||
| Q3 24 | -72.9% | -7.4% | ||
| Q2 24 | -44.0% | -4.5% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | -84.0% | 26.8% | ||
| Q3 25 | -2.5% | -6.7% | ||
| Q2 25 | -57.6% | -10.9% | ||
| Q1 25 | — | -7.9% | ||
| Q4 24 | -163.0% | -15.2% | ||
| Q3 24 | -203.7% | -14.7% | ||
| Q2 24 | -192.0% | -11.7% | ||
| Q1 24 | — | -0.9% |
| Q4 25 | — | $3.69 | ||
| Q3 25 | — | $-0.94 | ||
| Q2 25 | — | $-1.63 | ||
| Q1 25 | — | $-1.23 | ||
| Q4 24 | — | $-2.17 | ||
| Q3 24 | — | $-2.05 | ||
| Q2 24 | — | $-1.61 | ||
| Q1 24 | — | $-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 | $271.1M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $-38.1M |
| Total Assets | $807.5M | $107.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $22.4M | ||
| Q3 25 | $217.6M | $3.4M | ||
| Q2 25 | $104.8M | $3.7M | ||
| Q1 25 | $96.0M | $6.0M | ||
| Q4 24 | $130.2M | $3.5M | ||
| Q3 24 | $168.8M | $25.9M | ||
| Q2 24 | $142.3M | $33.7M | ||
| Q1 24 | $148.5M | $31.2M |
| Q4 25 | $553.5M | $-38.1M | ||
| Q3 25 | $537.3M | $-58.4M | ||
| Q2 25 | $357.0M | $-54.1M | ||
| Q1 25 | $355.7M | $-51.7M | ||
| Q4 24 | $431.8M | $-46.8M | ||
| Q3 24 | $372.1M | $-40.3M | ||
| Q2 24 | $389.0M | $-32.9M | ||
| Q1 24 | $365.3M | $-27.5M |
| Q4 25 | $807.5M | $107.9M | ||
| Q3 25 | $781.0M | $85.9M | ||
| Q2 25 | $660.4M | $90.6M | ||
| Q1 25 | $669.9M | $88.5M | ||
| Q4 24 | $849.9M | $93.2M | ||
| Q3 24 | $899.6M | $92.0M | ||
| Q2 24 | $938.9M | $106.6M | ||
| Q1 24 | $949.2M | $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 | — | $-11.9M |
| Free Cash FlowOCF − Capex | — | $-12.0M |
| FCF MarginFCF / Revenue | — | -16.2% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.60× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-11.9M | ||
| Q3 25 | — | $4.0M | ||
| Q2 25 | $-7.5M | $-6.6M | ||
| Q1 25 | $-121.0M | $3.4M | ||
| Q4 24 | — | $-32.6M | ||
| Q3 24 | — | $-5.4M | ||
| Q2 24 | $-37.8M | $-628.0K | ||
| Q1 24 | $-205.8M | $2.0M |
| Q4 25 | — | $-12.0M | ||
| Q3 25 | — | $4.0M | ||
| Q2 25 | $-8.5M | — | ||
| Q1 25 | $-128.9M | $3.4M | ||
| Q4 24 | — | $-32.6M | ||
| Q3 24 | — | $-5.4M | ||
| Q2 24 | $-40.7M | $-653.0K | ||
| Q1 24 | $-208.3M | — |
| Q4 25 | — | -16.2% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | -16.1% | — | ||
| Q1 25 | -271.5% | 4.7% | ||
| Q4 24 | — | -51.8% | ||
| Q3 24 | — | -9.0% | ||
| Q2 24 | -84.1% | -1.1% | ||
| Q1 24 | -392.1% | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | 1.8% | 0.0% | ||
| Q1 25 | 16.6% | 0.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | 5.9% | 0.0% | ||
| Q1 24 | 4.7% | 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
CGC
| Other | $24.0M | 44% |
| Canadian Adult Use Cannabis | $22.9M | 42% |
| International Markets Cannabis | $6.2M | 11% |
| Other Geographical Area | $1.2M | 2% |
KPLT
Segment breakdown not available.
