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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Repay Holdings Corp is the larger business by last-quarter revenue ($78.6M vs $73.9M, roughly 1.1× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -178.3%, a 205.1% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs 0.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-12.0M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -1.3%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
KPLT vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.9M | $78.6M |
| Net Profit | $19.8M | $-140.1M |
| Gross Margin | 15.6% | 74.2% |
| Operating Margin | -1.4% | -182.2% |
| Net Margin | 26.8% | -178.3% |
| Revenue YoY | 17.3% | 0.4% |
| Net Profit YoY | 307.3% | -3304.1% |
| EPS (diluted) | $3.69 | $-1.68 |
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.
| Q4 25 | $73.9M | $78.6M | ||
| Q3 25 | $74.0M | $77.7M | ||
| Q2 25 | $71.9M | $75.6M | ||
| Q1 25 | $71.9M | $77.3M | ||
| Q4 24 | $63.0M | $78.3M | ||
| Q3 24 | $60.3M | $79.1M | ||
| Q2 24 | $58.9M | $74.9M | ||
| Q1 24 | $65.1M | $80.7M |
| Q4 25 | $19.8M | $-140.1M | ||
| Q3 25 | $-4.9M | $-6.4M | ||
| Q2 25 | $-7.8M | $-102.3M | ||
| Q1 25 | $-5.7M | $-7.9M | ||
| Q4 24 | $-9.6M | $-4.1M | ||
| Q3 24 | $-8.9M | $3.2M | ||
| Q2 24 | $-6.9M | $-4.1M | ||
| Q1 24 | $-570.0K | $-5.2M |
| Q4 25 | 15.6% | 74.2% | ||
| Q3 25 | 19.7% | 74.4% | ||
| Q2 25 | 15.5% | 75.7% | ||
| Q1 25 | 19.9% | 75.9% | ||
| Q4 24 | 11.8% | 76.3% | ||
| Q3 24 | 19.8% | 77.8% | ||
| Q2 24 | 16.9% | 78.2% | ||
| Q1 24 | 25.3% | 76.2% |
| Q4 25 | -1.4% | -182.2% | ||
| Q3 25 | 3.3% | -3.9% | ||
| Q2 25 | -2.0% | -138.7% | ||
| Q1 25 | -0.7% | -4.7% | ||
| Q4 24 | -7.7% | -1.5% | ||
| Q3 24 | -7.4% | -0.9% | ||
| Q2 24 | -4.5% | -4.6% | ||
| Q1 24 | 5.8% | -3.1% |
| Q4 25 | 26.8% | -178.3% | ||
| Q3 25 | -6.7% | -8.3% | ||
| Q2 25 | -10.9% | -135.2% | ||
| Q1 25 | -7.9% | -10.3% | ||
| Q4 24 | -15.2% | -5.3% | ||
| Q3 24 | -14.7% | 4.1% | ||
| Q2 24 | -11.7% | -5.4% | ||
| Q1 24 | -0.9% | -6.5% |
| Q4 25 | $3.69 | $-1.68 | ||
| Q3 25 | $-0.94 | $-0.08 | ||
| Q2 25 | $-1.63 | $-1.15 | ||
| Q1 25 | $-1.23 | $-0.09 | ||
| Q4 24 | $-2.17 | $-0.04 | ||
| Q3 24 | $-2.05 | $0.03 | ||
| Q2 24 | $-1.61 | $-0.04 | ||
| Q1 24 | $-0.13 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.4M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $-38.1M | $484.4M |
| Total Assets | $107.9M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $115.7M | ||
| Q3 25 | $3.4M | $95.7M | ||
| Q2 25 | $3.7M | $162.6M | ||
| Q1 25 | $6.0M | $165.5M | ||
| Q4 24 | $3.5M | $189.5M | ||
| Q3 24 | $25.9M | $168.7M | ||
| Q2 24 | $33.7M | $147.1M | ||
| Q1 24 | $31.2M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $-38.1M | $484.4M | ||
| Q3 25 | $-58.4M | $616.9M | ||
| Q2 25 | $-54.1M | $633.7M | ||
| Q1 25 | $-51.7M | $755.7M | ||
| Q4 24 | $-46.8M | $761.3M | ||
| Q3 24 | $-40.3M | $754.7M | ||
| Q2 24 | $-32.9M | $815.4M | ||
| Q1 24 | $-27.5M | $813.8M |
| Q4 25 | $107.9M | $1.2B | ||
| Q3 25 | $85.9M | $1.3B | ||
| Q2 25 | $90.6M | $1.4B | ||
| Q1 25 | $88.5M | $1.5B | ||
| Q4 24 | $93.2M | $1.6B | ||
| Q3 24 | $92.0M | $1.6B | ||
| Q2 24 | $106.6M | $1.5B | ||
| Q1 24 | $106.6M | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-11.9M | $23.3M |
| Free Cash FlowOCF − Capex | $-12.0M | $23.2M |
| FCF MarginFCF / Revenue | -16.2% | 29.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.1% |
| Cash ConversionOCF / Net Profit | -0.60× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.9M | $23.3M | ||
| Q3 25 | $4.0M | $32.2M | ||
| Q2 25 | $-6.6M | $33.1M | ||
| Q1 25 | $3.4M | $2.5M | ||
| Q4 24 | $-32.6M | $34.3M | ||
| Q3 24 | $-5.4M | $60.1M | ||
| Q2 24 | $-628.0K | $31.0M | ||
| Q1 24 | $2.0M | $24.8M |
| Q4 25 | $-12.0M | $23.2M | ||
| Q3 25 | $4.0M | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | $3.4M | $2.4M | ||
| Q4 24 | $-32.6M | $34.0M | ||
| Q3 24 | $-5.4M | $59.8M | ||
| Q2 24 | $-653.0K | $30.5M | ||
| Q1 24 | — | $24.7M |
| Q4 25 | -16.2% | 29.6% | ||
| Q3 25 | 5.4% | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | 4.7% | 3.0% | ||
| Q4 24 | -51.8% | 43.5% | ||
| Q3 24 | -9.0% | 75.6% | ||
| Q2 24 | -1.1% | 40.7% | ||
| Q1 24 | — | 30.6% |
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.0% | 0.2% | ||
| Q2 25 | 0.0% | 0.1% | ||
| Q1 25 | 0.0% | 0.2% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.0% | 0.6% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | -0.60× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KPLT
Segment breakdown not available.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
