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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and Katapult Holdings, Inc. (KPLT). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $73.9M, roughly 1.6× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -8.8%, a 35.6% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -9.6%). DULUTH HOLDINGS INC. produced more free cash flow last quarter ($-8.9M vs $-12.0M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
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.
DLTH vs KPLT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $73.9M |
| Net Profit | $-10.1M | $19.8M |
| Gross Margin | 53.8% | 15.6% |
| Operating Margin | -7.7% | -1.4% |
| Net Margin | -8.8% | 26.8% |
| Revenue YoY | -9.6% | 17.3% |
| Net Profit YoY | 64.6% | 307.3% |
| EPS (diluted) | $-0.29 | $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 | $114.9M | $73.9M | ||
| Q3 25 | $131.7M | $74.0M | ||
| Q2 25 | $102.7M | $71.9M | ||
| Q1 25 | $241.3M | $71.9M | ||
| Q4 24 | $127.1M | $63.0M | ||
| Q3 24 | $141.6M | $60.3M | ||
| Q2 24 | $116.7M | $58.9M | ||
| Q1 24 | $245.6M | $65.1M |
| Q4 25 | $-10.1M | $19.8M | ||
| Q3 25 | $1.3M | $-4.9M | ||
| Q2 25 | $-15.3M | $-7.8M | ||
| Q1 25 | $-5.6M | $-5.7M | ||
| Q4 24 | $-28.2M | $-9.6M | ||
| Q3 24 | $-2.0M | $-8.9M | ||
| Q2 24 | $-7.9M | $-6.9M | ||
| Q1 24 | $6.4M | $-570.0K |
| Q4 25 | 53.8% | 15.6% | ||
| Q3 25 | 54.7% | 19.7% | ||
| Q2 25 | 52.0% | 15.5% | ||
| Q1 25 | 44.1% | 19.9% | ||
| Q4 24 | 52.3% | 11.8% | ||
| Q3 24 | 52.3% | 19.8% | ||
| Q2 24 | 52.8% | 16.9% | ||
| Q1 24 | 48.2% | 25.3% |
| Q4 25 | -7.7% | -1.4% | ||
| Q3 25 | 1.8% | 3.3% | ||
| Q2 25 | -12.0% | -2.0% | ||
| Q1 25 | -1.8% | -0.7% | ||
| Q4 24 | -17.4% | -7.7% | ||
| Q3 24 | -1.1% | -7.4% | ||
| Q2 24 | -7.7% | -4.5% | ||
| Q1 24 | 3.6% | 5.8% |
| Q4 25 | -8.8% | 26.8% | ||
| Q3 25 | 1.0% | -6.7% | ||
| Q2 25 | -14.9% | -10.9% | ||
| Q1 25 | -2.3% | -7.9% | ||
| Q4 24 | -22.2% | -15.2% | ||
| Q3 24 | -1.4% | -14.7% | ||
| Q2 24 | -6.7% | -11.7% | ||
| Q1 24 | 2.6% | -0.9% |
| Q4 25 | $-0.29 | $3.69 | ||
| Q3 25 | $0.04 | $-0.94 | ||
| Q2 25 | $-0.45 | $-1.63 | ||
| Q1 25 | $-0.17 | $-1.23 | ||
| Q4 24 | $-0.84 | $-2.17 | ||
| Q3 24 | $-0.06 | $-2.05 | ||
| Q2 24 | $-0.24 | $-1.61 | ||
| Q1 24 | $0.20 | $-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 | $8.2M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $-38.1M |
| Total Assets | $468.0M | $107.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $22.4M | ||
| Q3 25 | $5.7M | $3.4M | ||
| Q2 25 | $8.6M | $3.7M | ||
| Q1 25 | $3.3M | $6.0M | ||
| Q4 24 | $9.3M | $3.5M | ||
| Q3 24 | $9.8M | $25.9M | ||
| Q2 24 | $6.8M | $33.7M | ||
| Q1 24 | $32.2M | $31.2M |
| Q4 25 | $160.6M | $-38.1M | ||
| Q3 25 | $170.0M | $-58.4M | ||
| Q2 25 | $167.9M | $-54.1M | ||
| Q1 25 | $182.7M | $-51.7M | ||
| Q4 24 | $188.1M | $-46.8M | ||
| Q3 24 | $215.7M | $-40.3M | ||
| Q2 24 | $218.4M | $-32.9M | ||
| Q1 24 | $222.8M | $-27.5M |
| Q4 25 | $468.0M | $107.9M | ||
| Q3 25 | $433.8M | $85.9M | ||
| Q2 25 | $463.7M | $90.6M | ||
| Q1 25 | $452.4M | $88.5M | ||
| Q4 24 | $533.1M | $93.2M | ||
| Q3 24 | $488.6M | $92.0M | ||
| Q2 24 | $471.4M | $106.6M | ||
| Q1 24 | $491.2M | $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 | $-6.7M | $-11.9M |
| Free Cash FlowOCF − Capex | $-8.9M | $-12.0M |
| FCF MarginFCF / Revenue | -7.8% | -16.2% |
| Capex IntensityCapex / Revenue | 2.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.60× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $-11.9M | ||
| Q3 25 | $32.0M | $4.0M | ||
| Q2 25 | $-56.5M | $-6.6M | ||
| Q1 25 | $41.2M | $3.4M | ||
| Q4 24 | $-41.1M | $-32.6M | ||
| Q3 24 | $16.6M | $-5.4M | ||
| Q2 24 | $-33.7M | $-628.0K | ||
| Q1 24 | $69.7M | $2.0M |
| Q4 25 | $-8.9M | $-12.0M | ||
| Q3 25 | $29.8M | $4.0M | ||
| Q2 25 | $-57.8M | — | ||
| Q1 25 | $38.7M | $3.4M | ||
| Q4 24 | $-43.7M | $-32.6M | ||
| Q3 24 | $15.0M | $-5.4M | ||
| Q2 24 | $-35.2M | $-653.0K | ||
| Q1 24 | $60.6M | — |
| Q4 25 | -7.8% | -16.2% | ||
| Q3 25 | 22.6% | 5.4% | ||
| Q2 25 | -56.3% | — | ||
| Q1 25 | 16.0% | 4.7% | ||
| Q4 24 | -34.4% | -51.8% | ||
| Q3 24 | 10.6% | -9.0% | ||
| Q2 24 | -30.2% | -1.1% | ||
| Q1 24 | 24.7% | — |
| Q4 25 | 2.0% | 0.0% | ||
| Q3 25 | 1.7% | 0.0% | ||
| Q2 25 | 1.3% | 0.0% | ||
| Q1 25 | 1.0% | 0.0% | ||
| Q4 24 | 2.1% | 0.1% | ||
| Q3 24 | 1.2% | 0.0% | ||
| Q2 24 | 1.3% | 0.0% | ||
| Q1 24 | 3.7% | 0.0% |
| Q4 25 | — | -0.60× | ||
| Q3 25 | 25.40× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 10.86× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
KPLT
Segment breakdown not available.
