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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) 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 $71.0M, roughly 1.0× Cheer Holding, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs 10.9%, a 15.9% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -0.1%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

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.

CHR vs KPLT — Head-to-Head

Bigger by revenue
KPLT
KPLT
1.0× larger
KPLT
$73.9M
$71.0M
CHR
Growing faster (revenue YoY)
KPLT
KPLT
+17.4% gap
KPLT
17.3%
-0.1%
CHR
Higher net margin
KPLT
KPLT
15.9% more per $
KPLT
26.8%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CHR
CHR
KPLT
KPLT
Revenue
$71.0M
$73.9M
Net Profit
$7.8M
$19.8M
Gross Margin
70.7%
15.6%
Operating Margin
11.7%
-1.4%
Net Margin
10.9%
26.8%
Revenue YoY
-0.1%
17.3%
Net Profit YoY
-37.5%
307.3%
EPS (diluted)
$0.67
$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.

Revenue
CHR
CHR
KPLT
KPLT
Q4 25
$73.9M
Q3 25
$74.0M
Q2 25
$71.0M
$71.9M
Q1 25
$71.9M
Q4 24
$63.0M
Q3 24
$60.3M
Q2 24
$71.1M
$58.9M
Q1 24
$65.1M
Net Profit
CHR
CHR
KPLT
KPLT
Q4 25
$19.8M
Q3 25
$-4.9M
Q2 25
$7.8M
$-7.8M
Q1 25
$-5.7M
Q4 24
$-9.6M
Q3 24
$-8.9M
Q2 24
$12.4M
$-6.9M
Q1 24
$-570.0K
Gross Margin
CHR
CHR
KPLT
KPLT
Q4 25
15.6%
Q3 25
19.7%
Q2 25
70.7%
15.5%
Q1 25
19.9%
Q4 24
11.8%
Q3 24
19.8%
Q2 24
73.4%
16.9%
Q1 24
25.3%
Operating Margin
CHR
CHR
KPLT
KPLT
Q4 25
-1.4%
Q3 25
3.3%
Q2 25
11.7%
-2.0%
Q1 25
-0.7%
Q4 24
-7.7%
Q3 24
-7.4%
Q2 24
16.4%
-4.5%
Q1 24
5.8%
Net Margin
CHR
CHR
KPLT
KPLT
Q4 25
26.8%
Q3 25
-6.7%
Q2 25
10.9%
-10.9%
Q1 25
-7.9%
Q4 24
-15.2%
Q3 24
-14.7%
Q2 24
17.5%
-11.7%
Q1 24
-0.9%
EPS (diluted)
CHR
CHR
KPLT
KPLT
Q4 25
$3.69
Q3 25
$-0.94
Q2 25
$0.67
$-1.63
Q1 25
$-1.23
Q4 24
$-2.17
Q3 24
$-2.05
Q2 24
$1.23
$-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
CHR
CHR
KPLT
KPLT
Cash + ST InvestmentsLiquidity on hand
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$-38.1M
Total Assets
$362.7M
$107.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
KPLT
KPLT
Q4 25
$22.4M
Q3 25
$3.4M
Q2 25
$3.7M
Q1 25
$6.0M
Q4 24
$3.5M
Q3 24
$25.9M
Q2 24
$186.1M
$33.7M
Q1 24
$31.2M
Stockholders' Equity
CHR
CHR
KPLT
KPLT
Q4 25
$-38.1M
Q3 25
$-58.4M
Q2 25
$322.1M
$-54.1M
Q1 25
$-51.7M
Q4 24
$-46.8M
Q3 24
$-40.3M
Q2 24
$286.1M
$-32.9M
Q1 24
$-27.5M
Total Assets
CHR
CHR
KPLT
KPLT
Q4 25
$107.9M
Q3 25
$85.9M
Q2 25
$362.7M
$90.6M
Q1 25
$88.5M
Q4 24
$93.2M
Q3 24
$92.0M
Q2 24
$333.2M
$106.6M
Q1 24
$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
CHR
CHR
KPLT
KPLT
Operating Cash FlowLast quarter
$3.9M
$-11.9M
Free Cash FlowOCF − Capex
$-12.0M
FCF MarginFCF / Revenue
-16.2%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.51×
-0.60×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
KPLT
KPLT
Q4 25
$-11.9M
Q3 25
$4.0M
Q2 25
$3.9M
$-6.6M
Q1 25
$3.4M
Q4 24
$-32.6M
Q3 24
$-5.4M
Q2 24
$-6.7M
$-628.0K
Q1 24
$2.0M
Free Cash Flow
CHR
CHR
KPLT
KPLT
Q4 25
$-12.0M
Q3 25
$4.0M
Q2 25
Q1 25
$3.4M
Q4 24
$-32.6M
Q3 24
$-5.4M
Q2 24
$-653.0K
Q1 24
FCF Margin
CHR
CHR
KPLT
KPLT
Q4 25
-16.2%
Q3 25
5.4%
Q2 25
Q1 25
4.7%
Q4 24
-51.8%
Q3 24
-9.0%
Q2 24
-1.1%
Q1 24
Capex Intensity
CHR
CHR
KPLT
KPLT
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
CHR
CHR
KPLT
KPLT
Q4 25
-0.60×
Q3 25
Q2 25
0.51×
Q1 25
Q4 24
Q3 24
Q2 24
-0.54×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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