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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $71.1M, roughly 1.0× RE/MAX Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs 2.0%, a 24.8% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-12.0M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -4.7%).

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.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

KPLT vs RMAX — Head-to-Head

Bigger by revenue
KPLT
KPLT
1.0× larger
KPLT
$73.9M
$71.1M
RMAX
Growing faster (revenue YoY)
KPLT
KPLT
+19.2% gap
KPLT
17.3%
-1.8%
RMAX
Higher net margin
KPLT
KPLT
24.8% more per $
KPLT
26.8%
2.0%
RMAX
More free cash flow
RMAX
RMAX
$45.5M more FCF
RMAX
$33.5M
$-12.0M
KPLT
Faster 2-yr revenue CAGR
KPLT
KPLT
Annualised
KPLT
6.6%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KPLT
KPLT
RMAX
RMAX
Revenue
$73.9M
$71.1M
Net Profit
$19.8M
$1.4M
Gross Margin
15.6%
Operating Margin
-1.4%
13.1%
Net Margin
26.8%
2.0%
Revenue YoY
17.3%
-1.8%
Net Profit YoY
307.3%
-75.2%
EPS (diluted)
$3.69

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
RMAX
RMAX
Q4 25
$73.9M
$71.1M
Q3 25
$74.0M
$73.2M
Q2 25
$71.9M
$72.8M
Q1 25
$71.9M
$74.5M
Q4 24
$63.0M
$72.5M
Q3 24
$60.3M
$78.5M
Q2 24
$58.9M
$78.5M
Q1 24
$65.1M
$78.3M
Net Profit
KPLT
KPLT
RMAX
RMAX
Q4 25
$19.8M
$1.4M
Q3 25
$-4.9M
$4.0M
Q2 25
$-7.8M
$4.7M
Q1 25
$-5.7M
$-2.0M
Q4 24
$-9.6M
$5.8M
Q3 24
$-8.9M
$966.0K
Q2 24
$-6.9M
$3.7M
Q1 24
$-570.0K
$-3.4M
Gross Margin
KPLT
KPLT
RMAX
RMAX
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
RMAX
RMAX
Q4 25
-1.4%
13.1%
Q3 25
3.3%
25.0%
Q2 25
-2.0%
19.3%
Q1 25
-0.7%
7.2%
Q4 24
-7.7%
5.9%
Q3 24
-7.4%
19.4%
Q2 24
-4.5%
20.6%
Q1 24
5.8%
5.8%
Net Margin
KPLT
KPLT
RMAX
RMAX
Q4 25
26.8%
2.0%
Q3 25
-6.7%
5.4%
Q2 25
-10.9%
6.4%
Q1 25
-7.9%
-2.6%
Q4 24
-15.2%
8.0%
Q3 24
-14.7%
1.2%
Q2 24
-11.7%
4.7%
Q1 24
-0.9%
-4.3%
EPS (diluted)
KPLT
KPLT
RMAX
RMAX
Q4 25
$3.69
Q3 25
$-0.94
Q2 25
$-1.63
Q1 25
$-1.23
Q4 24
$-2.17
Q3 24
$-2.05
Q2 24
$-1.61
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
KPLT
KPLT
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$22.4M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$-38.1M
$452.4M
Total Assets
$107.9M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPLT
KPLT
RMAX
RMAX
Q4 25
$22.4M
$118.7M
Q3 25
$3.4M
$107.5M
Q2 25
$3.7M
$94.3M
Q1 25
$6.0M
$89.1M
Q4 24
$3.5M
$96.6M
Q3 24
$25.9M
$83.8M
Q2 24
$33.7M
$66.1M
Q1 24
$31.2M
$82.1M
Total Debt
KPLT
KPLT
RMAX
RMAX
Q4 25
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
KPLT
KPLT
RMAX
RMAX
Q4 25
$-38.1M
$452.4M
Q3 25
$-58.4M
$448.1M
Q2 25
$-54.1M
$442.4M
Q1 25
$-51.7M
$433.5M
Q4 24
$-46.8M
$429.5M
Q3 24
$-40.3M
$423.1M
Q2 24
$-32.9M
$418.4M
Q1 24
$-27.5M
$412.0M
Total Assets
KPLT
KPLT
RMAX
RMAX
Q4 25
$107.9M
$582.5M
Q3 25
$85.9M
$582.2M
Q2 25
$90.6M
$574.8M
Q1 25
$88.5M
$571.4M
Q4 24
$93.2M
$581.6M
Q3 24
$92.0M
$578.6M
Q2 24
$106.6M
$571.4M
Q1 24
$106.6M
$566.7M
Debt / Equity
KPLT
KPLT
RMAX
RMAX
Q4 25
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
1.07×

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
RMAX
RMAX
Operating Cash FlowLast quarter
$-11.9M
$40.9M
Free Cash FlowOCF − Capex
$-12.0M
$33.5M
FCF MarginFCF / Revenue
-16.2%
47.1%
Capex IntensityCapex / Revenue
0.0%
10.4%
Cash ConversionOCF / Net Profit
-0.60×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KPLT
KPLT
RMAX
RMAX
Q4 25
$-11.9M
$40.9M
Q3 25
$4.0M
$17.7M
Q2 25
$-6.6M
$4.6M
Q1 25
$3.4M
$5.7M
Q4 24
$-32.6M
$59.7M
Q3 24
$-5.4M
$17.6M
Q2 24
$-628.0K
$15.9M
Q1 24
$2.0M
$9.4M
Free Cash Flow
KPLT
KPLT
RMAX
RMAX
Q4 25
$-12.0M
$33.5M
Q3 25
$4.0M
$16.4M
Q2 25
$2.9M
Q1 25
$3.4M
$4.0M
Q4 24
$-32.6M
$53.0M
Q3 24
$-5.4M
$16.3M
Q2 24
$-653.0K
$14.0M
Q1 24
$6.8M
FCF Margin
KPLT
KPLT
RMAX
RMAX
Q4 25
-16.2%
47.1%
Q3 25
5.4%
22.4%
Q2 25
4.0%
Q1 25
4.7%
5.3%
Q4 24
-51.8%
73.2%
Q3 24
-9.0%
20.8%
Q2 24
-1.1%
17.8%
Q1 24
8.6%
Capex Intensity
KPLT
KPLT
RMAX
RMAX
Q4 25
0.0%
10.4%
Q3 25
0.0%
1.8%
Q2 25
0.0%
2.2%
Q1 25
0.0%
2.3%
Q4 24
0.1%
9.1%
Q3 24
0.0%
1.7%
Q2 24
0.0%
2.4%
Q1 24
0.0%
3.3%
Cash Conversion
KPLT
KPLT
RMAX
RMAX
Q4 25
-0.60×
28.39×
Q3 25
4.45×
Q2 25
0.97×
Q1 25
Q4 24
10.28×
Q3 24
18.22×
Q2 24
4.29×
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.

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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