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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and MESA LABORATORIES INC (MLAB). Click either name above to swap in a different company.

Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $65.1M, roughly 1.1× MESA LABORATORIES INC). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs 5.6%, a 21.3% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs 3.6%). MESA LABORATORIES INC produced more free cash flow last quarter ($18.0M vs $-12.0M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs 5.1%).

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.

Mesa Laboratories Inc. develops, manufactures and sells professional quality control, calibration and monitoring instruments as well as related supporting services. Its core offerings cater to healthcare, pharmaceutical, food and beverage, industrial hygiene and environmental testing markets, helping global clients meet regulatory compliance and operational safety requirements.

KPLT vs MLAB — Head-to-Head

Bigger by revenue
KPLT
KPLT
1.1× larger
KPLT
$73.9M
$65.1M
MLAB
Growing faster (revenue YoY)
KPLT
KPLT
+13.7% gap
KPLT
17.3%
3.6%
MLAB
Higher net margin
KPLT
KPLT
21.3% more per $
KPLT
26.8%
5.6%
MLAB
More free cash flow
MLAB
MLAB
$30.0M more FCF
MLAB
$18.0M
$-12.0M
KPLT
Faster 2-yr revenue CAGR
KPLT
KPLT
Annualised
KPLT
6.6%
5.1%
MLAB

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
KPLT
KPLT
MLAB
MLAB
Revenue
$73.9M
$65.1M
Net Profit
$19.8M
$3.6M
Gross Margin
15.6%
64.2%
Operating Margin
-1.4%
12.2%
Net Margin
26.8%
5.6%
Revenue YoY
17.3%
3.6%
Net Profit YoY
307.3%
316.6%
EPS (diluted)
$3.69
$0.65

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
KPLT
KPLT
MLAB
MLAB
Q4 25
$73.9M
$65.1M
Q3 25
$74.0M
$60.7M
Q2 25
$71.9M
$59.5M
Q1 25
$71.9M
$62.1M
Q4 24
$63.0M
$62.8M
Q3 24
$60.3M
$57.8M
Q2 24
$58.9M
$58.2M
Q1 24
$65.1M
$58.9M
Net Profit
KPLT
KPLT
MLAB
MLAB
Q4 25
$19.8M
$3.6M
Q3 25
$-4.9M
$2.5M
Q2 25
$-7.8M
$4.7M
Q1 25
$-5.7M
$-7.1M
Q4 24
$-9.6M
$-1.7M
Q3 24
$-8.9M
$3.4M
Q2 24
$-6.9M
$3.4M
Q1 24
$-570.0K
$-254.6M
Gross Margin
KPLT
KPLT
MLAB
MLAB
Q4 25
15.6%
64.2%
Q3 25
19.7%
61.5%
Q2 25
15.5%
62.0%
Q1 25
19.9%
61.8%
Q4 24
11.8%
63.3%
Q3 24
19.8%
61.3%
Q2 24
16.9%
64.0%
Q1 24
25.3%
62.1%
Operating Margin
KPLT
KPLT
MLAB
MLAB
Q4 25
-1.4%
12.2%
Q3 25
3.3%
7.8%
Q2 25
-2.0%
5.1%
Q1 25
-0.7%
2.4%
Q4 24
-7.7%
9.2%
Q3 24
-7.4%
6.1%
Q2 24
-4.5%
9.6%
Q1 24
5.8%
-460.6%
Net Margin
KPLT
KPLT
MLAB
MLAB
Q4 25
26.8%
5.6%
Q3 25
-6.7%
4.1%
Q2 25
-10.9%
8.0%
Q1 25
-7.9%
-11.4%
Q4 24
-15.2%
-2.7%
Q3 24
-14.7%
5.9%
Q2 24
-11.7%
5.8%
Q1 24
-0.9%
-432.2%
EPS (diluted)
KPLT
KPLT
MLAB
MLAB
Q4 25
$3.69
$0.65
Q3 25
$-0.94
$0.45
Q2 25
$-1.63
$0.85
Q1 25
$-1.23
$-1.30
Q4 24
$-2.17
$-0.31
Q3 24
$-2.05
$0.63
Q2 24
$-1.61
$0.62
Q1 24
$-0.13
$-47.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KPLT
KPLT
MLAB
MLAB
Cash + ST InvestmentsLiquidity on hand
$22.4M
$29.0M
Total DebtLower is stronger
$68.4M
Stockholders' EquityBook value
$-38.1M
$186.7M
Total Assets
$107.9M
$434.8M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPLT
KPLT
MLAB
MLAB
Q4 25
$22.4M
$29.0M
Q3 25
$3.4M
$20.4M
Q2 25
$3.7M
$21.3M
Q1 25
$6.0M
$27.3M
Q4 24
$3.5M
$27.3M
Q3 24
$25.9M
$24.3M
Q2 24
$33.7M
$28.5M
Q1 24
$31.2M
$28.2M
Total Debt
KPLT
KPLT
MLAB
MLAB
Q4 25
$68.4M
Q3 25
$69.4M
Q2 25
$70.3M
Q1 25
$71.3M
Q4 24
$72.2M
Q3 24
$73.1M
Q2 24
$74.1M
Q1 24
Stockholders' Equity
KPLT
KPLT
MLAB
MLAB
Q4 25
$-38.1M
$186.7M
Q3 25
$-58.4M
$178.5M
Q2 25
$-54.1M
$172.5M
Q1 25
$-51.7M
$159.8M
Q4 24
$-46.8M
$155.2M
Q3 24
$-40.3M
$161.5M
Q2 24
$-32.9M
$150.7M
Q1 24
$-27.5M
$145.4M
Total Assets
KPLT
KPLT
MLAB
MLAB
Q4 25
$107.9M
$434.8M
Q3 25
$85.9M
$430.4M
Q2 25
$90.6M
$435.7M
Q1 25
$88.5M
$433.3M
Q4 24
$93.2M
$433.3M
Q3 24
$92.0M
$454.1M
Q2 24
$106.6M
$440.4M
Q1 24
$106.6M
$446.8M
Debt / Equity
KPLT
KPLT
MLAB
MLAB
Q4 25
0.37×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.45×
Q4 24
0.47×
Q3 24
0.45×
Q2 24
0.49×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KPLT
KPLT
MLAB
MLAB
Operating Cash FlowLast quarter
$-11.9M
$18.8M
Free Cash FlowOCF − Capex
$-12.0M
$18.0M
FCF MarginFCF / Revenue
-16.2%
27.7%
Capex IntensityCapex / Revenue
0.0%
1.1%
Cash ConversionOCF / Net Profit
-0.60×
5.17×
TTM Free Cash FlowTrailing 4 quarters
$37.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KPLT
KPLT
MLAB
MLAB
Q4 25
$-11.9M
$18.8M
Q3 25
$4.0M
$8.2M
Q2 25
$-6.6M
$1.9M
Q1 25
$3.4M
$12.7M
Q4 24
$-32.6M
$18.1M
Q3 24
$-5.4M
$5.3M
Q2 24
$-628.0K
$10.7M
Q1 24
$2.0M
$12.9M
Free Cash Flow
KPLT
KPLT
MLAB
MLAB
Q4 25
$-12.0M
$18.0M
Q3 25
$4.0M
$7.1M
Q2 25
$884.0K
Q1 25
$3.4M
$11.9M
Q4 24
$-32.6M
$17.3M
Q3 24
$-5.4M
$3.5M
Q2 24
$-653.0K
$9.9M
Q1 24
$12.3M
FCF Margin
KPLT
KPLT
MLAB
MLAB
Q4 25
-16.2%
27.7%
Q3 25
5.4%
11.7%
Q2 25
1.5%
Q1 25
4.7%
19.2%
Q4 24
-51.8%
27.6%
Q3 24
-9.0%
6.0%
Q2 24
-1.1%
16.9%
Q1 24
21.0%
Capex Intensity
KPLT
KPLT
MLAB
MLAB
Q4 25
0.0%
1.1%
Q3 25
0.0%
1.8%
Q2 25
0.0%
1.7%
Q1 25
0.0%
1.2%
Q4 24
0.1%
1.3%
Q3 24
0.0%
3.1%
Q2 24
0.0%
1.5%
Q1 24
0.0%
0.9%
Cash Conversion
KPLT
KPLT
MLAB
MLAB
Q4 25
-0.60×
5.17×
Q3 25
3.32×
Q2 25
0.40×
Q1 25
Q4 24
Q3 24
1.54×
Q2 24
3.17×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

KPLT
KPLT

Segment breakdown not available.

MLAB
MLAB

Sterilization And Disinfection Control$24.9M38%
Biopharmaceutical Development$14.4M22%
Other$14.1M22%
Clinical Genomics$11.8M18%

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