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Side-by-side financial comparison of Fluent, Inc. (FLNT) 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 $61.8M, roughly 1.2× Fluent, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -6.7%, a 33.5% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -5.5%). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -3.2%).
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
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.
FLNT vs KPLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.8M | $73.9M |
| Net Profit | $-4.1M | $19.8M |
| Gross Margin | — | 15.6% |
| Operating Margin | 0.3% | -1.4% |
| Net Margin | -6.7% | 26.8% |
| Revenue YoY | -5.5% | 17.3% |
| Net Profit YoY | -20.1% | 307.3% |
| EPS (diluted) | $-0.09 | $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 | $61.8M | $73.9M | ||
| Q3 25 | $47.0M | $74.0M | ||
| Q2 25 | $44.7M | $71.9M | ||
| Q1 25 | $55.2M | $71.9M | ||
| Q4 24 | $65.4M | $63.0M | ||
| Q3 24 | $64.5M | $60.3M | ||
| Q2 24 | $58.7M | $58.9M | ||
| Q1 24 | $66.0M | $65.1M |
| Q4 25 | $-4.1M | $19.8M | ||
| Q3 25 | $-7.6M | $-4.9M | ||
| Q2 25 | $-7.2M | $-7.8M | ||
| Q1 25 | $-8.3M | $-5.7M | ||
| Q4 24 | $-3.4M | $-9.6M | ||
| Q3 24 | $-7.9M | $-8.9M | ||
| Q2 24 | $-11.6M | $-6.9M | ||
| Q1 24 | $-6.3M | $-570.0K |
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 19.7% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 16.9% | ||
| Q1 24 | — | 25.3% |
| Q4 25 | 0.3% | -1.4% | ||
| Q3 25 | -13.4% | 3.3% | ||
| Q2 25 | -15.9% | -2.0% | ||
| Q1 25 | -12.8% | -0.7% | ||
| Q4 24 | -8.3% | -7.7% | ||
| Q3 24 | -6.0% | -7.4% | ||
| Q2 24 | -17.7% | -4.5% | ||
| Q1 24 | -6.0% | 5.8% |
| Q4 25 | -6.7% | 26.8% | ||
| Q3 25 | -16.1% | -6.7% | ||
| Q2 25 | -16.2% | -10.9% | ||
| Q1 25 | -15.0% | -7.9% | ||
| Q4 24 | -5.2% | -15.2% | ||
| Q3 24 | -12.3% | -14.7% | ||
| Q2 24 | -19.8% | -11.7% | ||
| Q1 24 | -9.5% | -0.9% |
| Q4 25 | $-0.09 | $3.69 | ||
| Q3 25 | $-0.27 | $-0.94 | ||
| Q2 25 | $-0.30 | $-1.63 | ||
| Q1 25 | $-0.39 | $-1.23 | ||
| Q4 24 | $-0.12 | $-2.17 | ||
| Q3 24 | $-0.48 | $-2.05 | ||
| Q2 24 | $-0.75 | $-1.61 | ||
| Q1 24 | $-0.45 | $-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 | $12.9M | $22.4M |
| Total DebtLower is stronger | $34.6M | — |
| Stockholders' EquityBook value | $18.2M | $-38.1M |
| Total Assets | $89.1M | $107.9M |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $22.4M | ||
| Q3 25 | $9.2M | $3.4M | ||
| Q2 25 | $4.9M | $3.7M | ||
| Q1 25 | $4.8M | $6.0M | ||
| Q4 24 | $9.4M | $3.5M | ||
| Q3 24 | $6.6M | $25.9M | ||
| Q2 24 | $5.0M | $33.7M | ||
| Q1 24 | $11.7M | $31.2M |
| Q4 25 | $34.6M | — | ||
| Q3 25 | $26.0M | — | ||
| Q2 25 | $23.2M | — | ||
| Q1 25 | $25.6M | — | ||
| Q4 24 | $35.6M | — | ||
| Q3 24 | $37.9M | — | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $31.0M | — |
| Q4 25 | $18.2M | $-38.1M | ||
| Q3 25 | $21.6M | $-58.4M | ||
| Q2 25 | $19.1M | $-54.1M | ||
| Q1 25 | $22.0M | $-51.7M | ||
| Q4 24 | $25.0M | $-46.8M | ||
| Q3 24 | $20.0M | $-40.3M | ||
| Q2 24 | $27.5M | $-32.9M | ||
| Q1 24 | $28.7M | $-27.5M |
| Q4 25 | $89.1M | $107.9M | ||
| Q3 25 | $76.1M | $85.9M | ||
| Q2 25 | $74.5M | $90.6M | ||
| Q1 25 | $77.5M | $88.5M | ||
| Q4 24 | $93.6M | $93.2M | ||
| Q3 24 | $77.5M | $92.0M | ||
| Q2 24 | $98.5M | $106.6M | ||
| Q1 24 | $103.6M | $106.6M |
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.21× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 1.90× | — | ||
| Q2 24 | 1.21× | — | ||
| Q1 24 | 1.08× | — |
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 | $2.8M | $-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 | $2.8M | $-11.9M | ||
| Q3 25 | $-7.3M | $4.0M | ||
| Q2 25 | $935.0K | $-6.6M | ||
| Q1 25 | $2.1M | $3.4M | ||
| Q4 24 | $-2.1M | $-32.6M | ||
| Q3 24 | $1.2M | $-5.4M | ||
| Q2 24 | $-13.1M | $-628.0K | ||
| Q1 24 | $-132.0K | $2.0M |
| Q4 25 | — | $-12.0M | ||
| Q3 25 | $-7.3M | $4.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | — | $-32.6M | ||
| Q3 24 | $1.2M | $-5.4M | ||
| Q2 24 | — | $-653.0K | ||
| Q1 24 | — | — |
| Q4 25 | — | -16.2% | ||
| Q3 25 | -15.6% | 5.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | -51.8% | ||
| Q3 24 | 1.9% | -9.0% | ||
| Q2 24 | — | -1.1% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 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
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
KPLT
Segment breakdown not available.
