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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and NOODLES & Co (NDLS). Click either name above to swap in a different company.

NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $73.9M, roughly 1.7× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -7.5%, a 34.3% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -4.1%). NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-12.0M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -1.2%).

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.

Noodles & Company is an American fast-casual restaurant that offers international and American noodle dishes in addition to soups and salads. Noodles & Company was founded in 1995 by Aaron Kennedy and is headquartered in Broomfield, Colorado. The company went public in 2013 and recorded a $457 million revenue in 2017. In mid-2022, there were 458 Noodles & Company locations across 31 states.

KPLT vs NDLS — Head-to-Head

Bigger by revenue
NDLS
NDLS
1.7× larger
NDLS
$122.1M
$73.9M
KPLT
Growing faster (revenue YoY)
KPLT
KPLT
+21.5% gap
KPLT
17.3%
-4.1%
NDLS
Higher net margin
KPLT
KPLT
34.3% more per $
KPLT
26.8%
-7.5%
NDLS
More free cash flow
NDLS
NDLS
$9.2M more FCF
NDLS
$-2.8M
$-12.0M
KPLT
Faster 2-yr revenue CAGR
KPLT
KPLT
Annualised
KPLT
6.6%
-1.2%
NDLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KPLT
KPLT
NDLS
NDLS
Revenue
$73.9M
$122.1M
Net Profit
$19.8M
$-9.2M
Gross Margin
15.6%
Operating Margin
-1.4%
-5.2%
Net Margin
26.8%
-7.5%
Revenue YoY
17.3%
-4.1%
Net Profit YoY
307.3%
32.8%
EPS (diluted)
$3.69
$-0.20

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
NDLS
NDLS
Q4 25
$73.9M
Q3 25
$74.0M
$122.1M
Q2 25
$71.9M
$123.8M
Q1 25
$71.9M
Q4 24
$63.0M
$122.8M
Q3 24
$60.3M
$127.4M
Q2 24
$58.9M
$121.4M
Q1 24
$65.1M
$124.3M
Net Profit
KPLT
KPLT
NDLS
NDLS
Q4 25
$19.8M
Q3 25
$-4.9M
$-9.2M
Q2 25
$-7.8M
$-9.1M
Q1 25
$-5.7M
Q4 24
$-9.6M
$-6.8M
Q3 24
$-8.9M
$-13.6M
Q2 24
$-6.9M
$-6.1M
Q1 24
$-570.0K
$-6.1M
Gross Margin
KPLT
KPLT
NDLS
NDLS
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%
Operating Margin
KPLT
KPLT
NDLS
NDLS
Q4 25
-1.4%
Q3 25
3.3%
-5.2%
Q2 25
-2.0%
-5.2%
Q1 25
-0.7%
Q4 24
-7.7%
-3.9%
Q3 24
-7.4%
-9.0%
Q2 24
-4.5%
-3.4%
Q1 24
5.8%
-3.7%
Net Margin
KPLT
KPLT
NDLS
NDLS
Q4 25
26.8%
Q3 25
-6.7%
-7.5%
Q2 25
-10.9%
-7.3%
Q1 25
-7.9%
Q4 24
-15.2%
-5.5%
Q3 24
-14.7%
-10.7%
Q2 24
-11.7%
-5.1%
Q1 24
-0.9%
-4.9%
EPS (diluted)
KPLT
KPLT
NDLS
NDLS
Q4 25
$3.69
Q3 25
$-0.94
$-0.20
Q2 25
$-1.63
$-0.20
Q1 25
$-1.23
Q4 24
$-2.17
$-0.15
Q3 24
$-2.05
$-0.30
Q2 24
$-1.61
$-0.14
Q1 24
$-0.13
$-1.64

Balance Sheet & Financial Strength

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

Metric
KPLT
KPLT
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$22.4M
$4.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-38.1M
$-38.9M
Total Assets
$107.9M
$280.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPLT
KPLT
NDLS
NDLS
Q4 25
$22.4M
Q3 25
$3.4M
$4.7M
Q2 25
$3.7M
$1.4M
Q1 25
$6.0M
Q4 24
$3.5M
$3.3M
Q3 24
$25.9M
$1.8M
Q2 24
$33.7M
$1.3M
Q1 24
$31.2M
$3.0M
Stockholders' Equity
KPLT
KPLT
NDLS
NDLS
Q4 25
$-38.1M
Q3 25
$-58.4M
$-38.9M
Q2 25
$-54.1M
$-13.9M
Q1 25
$-51.7M
Q4 24
$-46.8M
$3.7M
Q3 24
$-40.3M
$9.6M
Q2 24
$-32.9M
$21.9M
Q1 24
$-27.5M
$27.2M
Total Assets
KPLT
KPLT
NDLS
NDLS
Q4 25
$107.9M
Q3 25
$85.9M
$280.6M
Q2 25
$90.6M
$319.4M
Q1 25
$88.5M
Q4 24
$93.2M
$340.5M
Q3 24
$92.0M
$346.3M
Q2 24
$106.6M
$360.4M
Q1 24
$106.6M
$368.1M

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
NDLS
NDLS
Operating Cash FlowLast quarter
$-11.9M
$4.3M
Free Cash FlowOCF − Capex
$-12.0M
$-2.8M
FCF MarginFCF / Revenue
-16.2%
-2.3%
Capex IntensityCapex / Revenue
0.0%
5.8%
Cash ConversionOCF / Net Profit
-0.60×
TTM Free Cash FlowTrailing 4 quarters
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KPLT
KPLT
NDLS
NDLS
Q4 25
$-11.9M
Q3 25
$4.0M
$4.3M
Q2 25
$-6.6M
$4.0M
Q1 25
$3.4M
Q4 24
$-32.6M
$5.8M
Q3 24
$-5.4M
$4.7M
Q2 24
$-628.0K
$7.0M
Q1 24
$2.0M
$164.0K
Free Cash Flow
KPLT
KPLT
NDLS
NDLS
Q4 25
$-12.0M
Q3 25
$4.0M
$-2.8M
Q2 25
$1.1M
Q1 25
$3.4M
Q4 24
$-32.6M
$-1.3M
Q3 24
$-5.4M
$-4.5M
Q2 24
$-653.0K
$-1.6M
Q1 24
$-15.2M
FCF Margin
KPLT
KPLT
NDLS
NDLS
Q4 25
-16.2%
Q3 25
5.4%
-2.3%
Q2 25
0.9%
Q1 25
4.7%
Q4 24
-51.8%
-1.1%
Q3 24
-9.0%
-3.5%
Q2 24
-1.1%
-1.4%
Q1 24
-12.2%
Capex Intensity
KPLT
KPLT
NDLS
NDLS
Q4 25
0.0%
Q3 25
0.0%
5.8%
Q2 25
0.0%
2.4%
Q1 25
0.0%
Q4 24
0.1%
5.8%
Q3 24
0.0%
7.2%
Q2 24
0.0%
7.1%
Q1 24
0.0%
12.3%
Cash Conversion
KPLT
KPLT
NDLS
NDLS
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

KPLT
KPLT

Segment breakdown not available.

NDLS
NDLS

Food And Beverage$119.6M98%
Franchise$2.5M2%

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