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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.

Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($143.3M vs $73.9M, roughly 1.9× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -31.4%, a 58.3% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs 0.4%). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs 0.0%).

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.

Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.

KPLT vs PDM — Head-to-Head

Bigger by revenue
PDM
PDM
1.9× larger
PDM
$143.3M
$73.9M
KPLT
Growing faster (revenue YoY)
KPLT
KPLT
+16.9% gap
KPLT
17.3%
0.4%
PDM
Higher net margin
KPLT
KPLT
58.3% more per $
KPLT
26.8%
-31.4%
PDM
Faster 2-yr revenue CAGR
KPLT
KPLT
Annualised
KPLT
6.6%
0.0%
PDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KPLT
KPLT
PDM
PDM
Revenue
$73.9M
$143.3M
Net Profit
$19.8M
$-45.0M
Gross Margin
15.6%
Operating Margin
-1.4%
Net Margin
26.8%
-31.4%
Revenue YoY
17.3%
0.4%
Net Profit YoY
307.3%
-27.9%
EPS (diluted)
$3.69
$-0.10

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
PDM
PDM
Q1 26
$143.3M
Q4 25
$73.9M
$142.9M
Q3 25
$74.0M
$139.2M
Q2 25
$71.9M
$140.3M
Q1 25
$71.9M
$142.7M
Q4 24
$63.0M
$143.2M
Q3 24
$60.3M
$139.3M
Q2 24
$58.9M
$143.3M
Net Profit
KPLT
KPLT
PDM
PDM
Q1 26
$-45.0M
Q4 25
$19.8M
$-43.2M
Q3 25
$-4.9M
$-13.5M
Q2 25
$-7.8M
$-16.8M
Q1 25
$-5.7M
$-10.1M
Q4 24
$-9.6M
$-30.0M
Q3 24
$-8.9M
$-11.5M
Q2 24
$-6.9M
$-9.8M
Gross Margin
KPLT
KPLT
PDM
PDM
Q1 26
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%
Operating Margin
KPLT
KPLT
PDM
PDM
Q1 26
Q4 25
-1.4%
Q3 25
3.3%
Q2 25
-2.0%
Q1 25
-0.7%
Q4 24
-7.7%
Q3 24
-7.4%
Q2 24
-4.5%
Net Margin
KPLT
KPLT
PDM
PDM
Q1 26
-31.4%
Q4 25
26.8%
-30.3%
Q3 25
-6.7%
-9.7%
Q2 25
-10.9%
-12.0%
Q1 25
-7.9%
-7.1%
Q4 24
-15.2%
-20.9%
Q3 24
-14.7%
-8.3%
Q2 24
-11.7%
-6.8%
EPS (diluted)
KPLT
KPLT
PDM
PDM
Q1 26
$-0.10
Q4 25
$3.69
$-0.34
Q3 25
$-0.94
$-0.11
Q2 25
$-1.63
$-0.14
Q1 25
$-1.23
$-0.08
Q4 24
$-2.17
$-0.25
Q3 24
$-2.05
$-0.09
Q2 24
$-1.61
$-0.08

Balance Sheet & Financial Strength

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

Metric
KPLT
KPLT
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$22.4M
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-38.1M
$1.5B
Total Assets
$107.9M
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPLT
KPLT
PDM
PDM
Q1 26
$2.3M
Q4 25
$22.4M
$731.0K
Q3 25
$3.4M
$3.0M
Q2 25
$3.7M
$3.3M
Q1 25
$6.0M
$2.9M
Q4 24
$3.5M
$109.6M
Q3 24
$25.9M
$133.6M
Q2 24
$33.7M
$138.5M
Total Debt
KPLT
KPLT
PDM
PDM
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
KPLT
KPLT
PDM
PDM
Q1 26
$1.5B
Q4 25
$-38.1M
$1.5B
Q3 25
$-58.4M
$1.5B
Q2 25
$-54.1M
$1.5B
Q1 25
$-51.7M
$1.6B
Q4 24
$-46.8M
$1.6B
Q3 24
$-40.3M
$1.6B
Q2 24
$-32.9M
$1.7B
Total Assets
KPLT
KPLT
PDM
PDM
Q1 26
$4.0B
Q4 25
$107.9M
$4.0B
Q3 25
$85.9M
$4.0B
Q2 25
$90.6M
$4.0B
Q1 25
$88.5M
$4.0B
Q4 24
$93.2M
$4.1B
Q3 24
$92.0M
$4.1B
Q2 24
$106.6M
$4.2B
Debt / Equity
KPLT
KPLT
PDM
PDM
Q1 26
Q4 25
1.49×
Q3 25
1.43×
Q2 25
1.41×
Q1 25
1.40×
Q4 24
1.40×
Q3 24
1.36×
Q2 24
1.34×

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
PDM
PDM
Operating Cash FlowLast quarter
$-11.9M
Free Cash FlowOCF − Capex
$-12.0M
FCF MarginFCF / Revenue
-16.2%
Capex IntensityCapex / Revenue
0.0%
110.3%
Cash ConversionOCF / Net Profit
-0.60×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KPLT
KPLT
PDM
PDM
Q1 26
Q4 25
$-11.9M
$140.6M
Q3 25
$4.0M
$35.8M
Q2 25
$-6.6M
$50.1M
Q1 25
$3.4M
$3.7M
Q4 24
$-32.6M
$198.1M
Q3 24
$-5.4M
$42.9M
Q2 24
$-628.0K
$66.8M
Free Cash Flow
KPLT
KPLT
PDM
PDM
Q1 26
Q4 25
$-12.0M
Q3 25
$4.0M
Q2 25
Q1 25
$3.4M
Q4 24
$-32.6M
Q3 24
$-5.4M
Q2 24
$-653.0K
FCF Margin
KPLT
KPLT
PDM
PDM
Q1 26
Q4 25
-16.2%
Q3 25
5.4%
Q2 25
Q1 25
4.7%
Q4 24
-51.8%
Q3 24
-9.0%
Q2 24
-1.1%
Capex Intensity
KPLT
KPLT
PDM
PDM
Q1 26
110.3%
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
KPLT
KPLT
PDM
PDM
Q1 26
Q4 25
-0.60×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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