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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.

Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $51.2M, roughly 1.4× Plymouth Industrial REIT, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -106.3%, a 133.1% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -1.4%). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs 0.4%).

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.

Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.

KPLT vs PLYM — Head-to-Head

Bigger by revenue
KPLT
KPLT
1.4× larger
KPLT
$73.9M
$51.2M
PLYM
Growing faster (revenue YoY)
KPLT
KPLT
+18.7% gap
KPLT
17.3%
-1.4%
PLYM
Higher net margin
KPLT
KPLT
133.1% more per $
KPLT
26.8%
-106.3%
PLYM
Faster 2-yr revenue CAGR
KPLT
KPLT
Annualised
KPLT
6.6%
0.4%
PLYM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KPLT
KPLT
PLYM
PLYM
Revenue
$73.9M
$51.2M
Net Profit
$19.8M
$-54.4M
Gross Margin
15.6%
Operating Margin
-1.4%
-102.5%
Net Margin
26.8%
-106.3%
Revenue YoY
17.3%
-1.4%
Net Profit YoY
307.3%
-248.5%
EPS (diluted)
$3.69
$-1.23

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
PLYM
PLYM
Q4 25
$73.9M
Q3 25
$74.0M
$51.2M
Q2 25
$71.9M
$47.2M
Q1 25
$71.9M
$45.6M
Q4 24
$63.0M
$47.6M
Q3 24
$60.3M
$51.9M
Q2 24
$58.9M
$48.7M
Q1 24
$65.1M
$50.2M
Net Profit
KPLT
KPLT
PLYM
PLYM
Q4 25
$19.8M
Q3 25
$-4.9M
$-54.4M
Q2 25
$-7.8M
$-6.1M
Q1 25
$-5.7M
$5.8M
Q4 24
$-9.6M
$147.4M
Q3 24
$-8.9M
$-15.6M
Q2 24
$-6.9M
$1.3M
Q1 24
$-570.0K
$6.2M
Gross Margin
KPLT
KPLT
PLYM
PLYM
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
PLYM
PLYM
Q4 25
-1.4%
Q3 25
3.3%
-102.5%
Q2 25
-2.0%
-10.3%
Q1 25
-0.7%
Q4 24
-7.7%
Q3 24
-7.4%
-29.6%
Q2 24
-4.5%
2.7%
Q1 24
5.8%
Net Margin
KPLT
KPLT
PLYM
PLYM
Q4 25
26.8%
Q3 25
-6.7%
-106.3%
Q2 25
-10.9%
-12.9%
Q1 25
-7.9%
12.8%
Q4 24
-15.2%
309.9%
Q3 24
-14.7%
-30.1%
Q2 24
-11.7%
2.7%
Q1 24
-0.9%
12.4%
EPS (diluted)
KPLT
KPLT
PLYM
PLYM
Q4 25
$3.69
Q3 25
$-0.94
$-1.23
Q2 25
$-1.63
$-0.14
Q1 25
$-1.23
$0.13
Q4 24
$-2.17
$3.24
Q3 24
$-2.05
$-0.35
Q2 24
$-1.61
$0.03
Q1 24
$-0.13
$0.14

Balance Sheet & Financial Strength

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

Metric
KPLT
KPLT
PLYM
PLYM
Cash + ST InvestmentsLiquidity on hand
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-38.1M
$470.1M
Total Assets
$107.9M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPLT
KPLT
PLYM
PLYM
Q4 25
$22.4M
Q3 25
$3.4M
Q2 25
$3.7M
Q1 25
$6.0M
Q4 24
$3.5M
Q3 24
$25.9M
Q2 24
$33.7M
Q1 24
$31.2M
Total Debt
KPLT
KPLT
PLYM
PLYM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$646.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
KPLT
KPLT
PLYM
PLYM
Q4 25
$-38.1M
Q3 25
$-58.4M
$470.1M
Q2 25
$-54.1M
$539.6M
Q1 25
$-51.7M
$571.0M
Q4 24
$-46.8M
$579.5M
Q3 24
$-40.3M
$436.5M
Q2 24
$-32.9M
$475.2M
Q1 24
$-27.5M
$484.6M
Total Assets
KPLT
KPLT
PLYM
PLYM
Q4 25
$107.9M
Q3 25
$85.9M
$1.6B
Q2 25
$90.6M
$1.6B
Q1 25
$88.5M
$1.4B
Q4 24
$93.2M
$1.4B
Q3 24
$92.0M
$1.5B
Q2 24
$106.6M
$1.4B
Q1 24
$106.6M
$1.4B
Debt / Equity
KPLT
KPLT
PLYM
PLYM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.12×
Q3 24
Q2 24
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
PLYM
PLYM
Operating Cash FlowLast quarter
$-11.9M
$20.0M
Free Cash FlowOCF − Capex
$-12.0M
FCF MarginFCF / Revenue
-16.2%
Capex IntensityCapex / Revenue
0.0%
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
PLYM
PLYM
Q4 25
$-11.9M
Q3 25
$4.0M
$20.0M
Q2 25
$-6.6M
$23.4M
Q1 25
$3.4M
$15.6M
Q4 24
$-32.6M
$96.1M
Q3 24
$-5.4M
$17.6M
Q2 24
$-628.0K
$19.9M
Q1 24
$2.0M
$16.6M
Free Cash Flow
KPLT
KPLT
PLYM
PLYM
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
Q1 24
FCF Margin
KPLT
KPLT
PLYM
PLYM
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%
Q1 24
Capex Intensity
KPLT
KPLT
PLYM
PLYM
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%
Q1 24
0.0%
Cash Conversion
KPLT
KPLT
PLYM
PLYM
Q4 25
-0.60×
Q3 25
Q2 25
Q1 25
2.67×
Q4 24
0.65×
Q3 24
Q2 24
15.12×
Q1 24
2.67×

Financial Flow Comparison

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

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