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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) 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 $47.7M, roughly 1.5× IRONWOOD PHARMACEUTICALS INC). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -4.8%, a 31.6% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-12.0M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -20.2%).
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
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.
IRWD vs KPLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.7M | $73.9M |
| Net Profit | $-2.3M | $19.8M |
| Gross Margin | — | 15.6% |
| Operating Margin | 14.3% | -1.4% |
| Net Margin | -4.8% | 26.8% |
| Revenue YoY | -47.3% | 17.3% |
| Net Profit YoY | -200.9% | 307.3% |
| EPS (diluted) | $0.01 | $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 | $47.7M | $73.9M | ||
| Q3 25 | $122.1M | $74.0M | ||
| Q2 25 | $85.2M | $71.9M | ||
| Q1 25 | $41.1M | $71.9M | ||
| Q4 24 | $90.5M | $63.0M | ||
| Q3 24 | $91.6M | $60.3M | ||
| Q2 24 | $94.4M | $58.9M | ||
| Q1 24 | $74.9M | $65.1M |
| Q4 25 | $-2.3M | $19.8M | ||
| Q3 25 | $40.1M | $-4.9M | ||
| Q2 25 | $23.6M | $-7.8M | ||
| Q1 25 | $-37.4M | $-5.7M | ||
| Q4 24 | $2.3M | $-9.6M | ||
| Q3 24 | $3.6M | $-8.9M | ||
| Q2 24 | $-860.0K | $-6.9M | ||
| Q1 24 | $-4.2M | $-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 | 14.3% | -1.4% | ||
| Q3 25 | 61.8% | 3.3% | ||
| Q2 25 | 53.2% | -2.0% | ||
| Q1 25 | -70.7% | -0.7% | ||
| Q4 24 | 34.8% | -7.7% | ||
| Q3 24 | 28.0% | -7.4% | ||
| Q2 24 | 26.5% | -4.5% | ||
| Q1 24 | 14.7% | 5.8% |
| Q4 25 | -4.8% | 26.8% | ||
| Q3 25 | 32.8% | -6.7% | ||
| Q2 25 | 27.7% | -10.9% | ||
| Q1 25 | -90.9% | -7.9% | ||
| Q4 24 | 2.5% | -15.2% | ||
| Q3 24 | 4.0% | -14.7% | ||
| Q2 24 | -0.9% | -11.7% | ||
| Q1 24 | -5.6% | -0.9% |
| Q4 25 | $0.01 | $3.69 | ||
| Q3 25 | $0.23 | $-0.94 | ||
| Q2 25 | $0.14 | $-1.63 | ||
| Q1 25 | $-0.23 | $-1.23 | ||
| Q4 24 | $0.03 | $-2.17 | ||
| Q3 24 | $0.02 | $-2.05 | ||
| Q2 24 | $-0.01 | $-1.61 | ||
| Q1 24 | $-0.03 | $-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 | $215.5M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-261.8M | $-38.1M |
| Total Assets | $396.9M | $107.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.5M | $22.4M | ||
| Q3 25 | $140.4M | $3.4M | ||
| Q2 25 | $92.9M | $3.7M | ||
| Q1 25 | $108.5M | $6.0M | ||
| Q4 24 | $88.6M | $3.5M | ||
| Q3 24 | $88.2M | $25.9M | ||
| Q2 24 | $105.5M | $33.7M | ||
| Q1 24 | $121.5M | $31.2M |
| Q4 25 | — | — | ||
| Q3 25 | $199.5M | — | ||
| Q2 25 | $199.3M | — | ||
| Q1 25 | $199.2M | — | ||
| Q4 24 | $199.0M | — | ||
| Q3 24 | $198.8M | — | ||
| Q2 24 | $198.6M | — | ||
| Q1 24 | $398.3M | — |
| Q4 25 | $-261.8M | $-38.1M | ||
| Q3 25 | $-264.2M | $-58.4M | ||
| Q2 25 | $-308.2M | $-54.1M | ||
| Q1 25 | $-334.1M | $-51.7M | ||
| Q4 24 | $-301.3M | $-46.8M | ||
| Q3 24 | $-311.3M | $-40.3M | ||
| Q2 24 | $-321.7M | $-32.9M | ||
| Q1 24 | $-330.5M | $-27.5M |
| Q4 25 | $396.9M | $107.9M | ||
| Q3 25 | $396.1M | $85.9M | ||
| Q2 25 | $342.9M | $90.6M | ||
| Q1 25 | $327.2M | $88.5M | ||
| Q4 24 | $350.9M | $93.2M | ||
| Q3 24 | $389.5M | $92.0M | ||
| Q2 24 | $395.6M | $106.6M | ||
| Q1 24 | $438.8M | $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 | $74.6M | $-11.9M |
| Free Cash FlowOCF − Capex | $74.6M | $-12.0M |
| FCF MarginFCF / Revenue | 156.3% | -16.2% |
| Capex IntensityCapex / Revenue | 0.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.60× |
| TTM Free Cash FlowTrailing 4 quarters | $127.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.6M | $-11.9M | ||
| Q3 25 | $47.6M | $4.0M | ||
| Q2 25 | $-15.1M | $-6.6M | ||
| Q1 25 | $20.0M | $3.4M | ||
| Q4 24 | $15.2M | $-32.6M | ||
| Q3 24 | $9.9M | $-5.4M | ||
| Q2 24 | $33.5M | $-628.0K | ||
| Q1 24 | $45.0M | $2.0M |
| Q4 25 | $74.6M | $-12.0M | ||
| Q3 25 | $47.6M | $4.0M | ||
| Q2 25 | $-15.1M | — | ||
| Q1 25 | $19.9M | $3.4M | ||
| Q4 24 | — | $-32.6M | ||
| Q3 24 | $9.9M | $-5.4M | ||
| Q2 24 | $33.4M | $-653.0K | ||
| Q1 24 | $44.9M | — |
| Q4 25 | 156.3% | -16.2% | ||
| Q3 25 | 39.0% | 5.4% | ||
| Q2 25 | -17.7% | — | ||
| Q1 25 | 48.4% | 4.7% | ||
| Q4 24 | — | -51.8% | ||
| Q3 24 | 10.8% | -9.0% | ||
| Q2 24 | 35.4% | -1.1% | ||
| Q1 24 | 60.0% | — |
| Q4 25 | 0.0% | 0.0% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.0% | 0.0% | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.1% | 0.0% | ||
| Q1 24 | 0.1% | 0.0% |
| Q4 25 | — | -0.60× | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | -0.64× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.74× | — | ||
| Q3 24 | 2.71× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
