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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $55.4M, roughly 1.3× Lifeway Foods, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs 4.6%, a 22.3% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 17.3%). Katapult Holdings, Inc. produced more free cash flow last quarter ($-12.0M vs $-17.4M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs 6.6%).
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.
Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.
KPLT vs LWAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.9M | $55.4M |
| Net Profit | $19.8M | $2.5M |
| Gross Margin | 15.6% | 27.8% |
| Operating Margin | -1.4% | 6.8% |
| Net Margin | 26.8% | 4.6% |
| Revenue YoY | 17.3% | 18.0% |
| Net Profit YoY | 307.3% | 1688.1% |
| EPS (diluted) | $3.69 | $0.15 |
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 | $73.9M | $55.4M | ||
| Q3 25 | $74.0M | $57.1M | ||
| Q2 25 | $71.9M | $53.9M | ||
| Q1 25 | $71.9M | $46.1M | ||
| Q4 24 | $63.0M | $46.9M | ||
| Q3 24 | $60.3M | $46.1M | ||
| Q2 24 | $58.9M | $49.2M | ||
| Q1 24 | $65.1M | $44.6M |
| Q4 25 | $19.8M | $2.5M | ||
| Q3 25 | $-4.9M | $3.5M | ||
| Q2 25 | $-7.8M | $4.2M | ||
| Q1 25 | $-5.7M | $3.5M | ||
| Q4 24 | $-9.6M | $-160.0K | ||
| Q3 24 | $-8.9M | $3.0M | ||
| Q2 24 | $-6.9M | $3.8M | ||
| Q1 24 | $-570.0K | $2.4M |
| Q4 25 | 15.6% | 27.8% | ||
| Q3 25 | 19.7% | 28.7% | ||
| Q2 25 | 15.5% | 28.6% | ||
| Q1 25 | 19.9% | 23.9% | ||
| Q4 24 | 11.8% | 25.3% | ||
| Q3 24 | 19.8% | 25.7% | ||
| Q2 24 | 16.9% | 27.0% | ||
| Q1 24 | 25.3% | 25.8% |
| Q4 25 | -1.4% | 6.8% | ||
| Q3 25 | 3.3% | 8.8% | ||
| Q2 25 | -2.0% | 10.8% | ||
| Q1 25 | -0.7% | 3.4% | ||
| Q4 24 | -7.7% | 1.5% | ||
| Q3 24 | -7.4% | 9.1% | ||
| Q2 24 | -4.5% | 11.0% | ||
| Q1 24 | 5.8% | 8.0% |
| Q4 25 | 26.8% | 4.6% | ||
| Q3 25 | -6.7% | 6.2% | ||
| Q2 25 | -10.9% | 7.9% | ||
| Q1 25 | -7.9% | 7.7% | ||
| Q4 24 | -15.2% | -0.3% | ||
| Q3 24 | -14.7% | 6.5% | ||
| Q2 24 | -11.7% | 7.7% | ||
| Q1 24 | -0.9% | 5.4% |
| Q4 25 | $3.69 | $0.15 | ||
| Q3 25 | $-0.94 | $0.23 | ||
| Q2 25 | $-1.63 | $0.28 | ||
| Q1 25 | $-1.23 | $0.23 | ||
| Q4 24 | $-2.17 | $0.00 | ||
| Q3 24 | $-2.05 | $0.19 | ||
| Q2 24 | $-1.61 | $0.25 | ||
| Q1 24 | $-0.13 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.4M | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.1M | $85.8M |
| Total Assets | $107.9M | $105.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $5.6M | ||
| Q3 25 | $3.4M | $23.0M | ||
| Q2 25 | $3.7M | $21.2M | ||
| Q1 25 | $6.0M | $19.4M | ||
| Q4 24 | $3.5M | $16.7M | ||
| Q3 24 | $25.9M | $20.6M | ||
| Q2 24 | $33.7M | $14.6M | ||
| Q1 24 | $31.2M | $12.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.5M |
| Q4 25 | $-38.1M | $85.8M | ||
| Q3 25 | $-58.4M | $82.8M | ||
| Q2 25 | $-54.1M | $78.7M | ||
| Q1 25 | $-51.7M | $74.2M | ||
| Q4 24 | $-46.8M | $71.9M | ||
| Q3 24 | $-40.3M | $71.5M | ||
| Q2 24 | $-32.9M | $68.0M | ||
| Q1 24 | $-27.5M | $63.5M |
| Q4 25 | $107.9M | $105.6M | ||
| Q3 25 | $85.9M | $109.5M | ||
| Q2 25 | $90.6M | $98.3M | ||
| Q1 25 | $88.5M | $93.7M | ||
| Q4 24 | $93.2M | $90.5M | ||
| Q3 24 | $92.0M | $91.3M | ||
| Q2 24 | $106.6M | $84.9M | ||
| Q1 24 | $106.6M | $82.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.04× |
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 | $267.0K |
| Free Cash FlowOCF − Capex | $-12.0M | $-17.4M |
| FCF MarginFCF / Revenue | -16.2% | -31.5% |
| Capex IntensityCapex / Revenue | 0.0% | 31.9% |
| Cash ConversionOCF / Net Profit | -0.60× | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.9M | $267.0K | ||
| Q3 25 | $4.0M | $6.9M | ||
| Q2 25 | $-6.6M | $3.9M | ||
| Q1 25 | $3.4M | $-150.0K | ||
| Q4 24 | $-32.6M | $-2.6M | ||
| Q3 24 | $-5.4M | $7.5M | ||
| Q2 24 | $-628.0K | $6.5M | ||
| Q1 24 | $2.0M | $1.5M |
| Q4 25 | $-12.0M | $-17.4M | ||
| Q3 25 | $4.0M | $1.8M | ||
| Q2 25 | — | $1.6M | ||
| Q1 25 | $3.4M | $-2.4M | ||
| Q4 24 | $-32.6M | $-3.8M | ||
| Q3 24 | $-5.4M | $5.9M | ||
| Q2 24 | $-653.0K | $5.1M | ||
| Q1 24 | — | $-923.0K |
| Q4 25 | -16.2% | -31.5% | ||
| Q3 25 | 5.4% | 3.1% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | 4.7% | -5.1% | ||
| Q4 24 | -51.8% | -8.2% | ||
| Q3 24 | -9.0% | 12.8% | ||
| Q2 24 | -1.1% | 10.4% | ||
| Q1 24 | — | -2.1% |
| Q4 25 | 0.0% | 31.9% | ||
| Q3 25 | 0.0% | 9.0% | ||
| Q2 25 | 0.0% | 4.3% | ||
| Q1 25 | 0.0% | 4.8% | ||
| Q4 24 | 0.1% | 2.7% | ||
| Q3 24 | 0.0% | 3.3% | ||
| Q2 24 | 0.0% | 2.9% | ||
| Q1 24 | 0.0% | 5.5% |
| Q4 25 | -0.60× | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | -0.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.50× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | — | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KPLT
Segment breakdown not available.
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
