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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and SBC Medical Group Holdings Inc (SBC). Click either name above to swap in a different company.
Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $39.6M, roughly 1.9× SBC Medical Group Holdings Inc). SBC Medical Group Holdings Inc runs the higher net margin — 35.9% vs 26.8%, a 9.0% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -10.9%). SBC Medical Group Holdings Inc produced more free cash flow last quarter ($51.2M vs $-12.0M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -15.0%).
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.
SBC Medical Group Holdings Inc. is a leading Japan-headquartered healthcare provider primarily focused on aesthetic medicine, dermatology, and anti-aging wellness services. It operates an extensive network of clinics across Japan, catering to both domestic patients and international medical tourists, with core offerings including cosmetic surgery and non-invasive skincare treatments.
KPLT vs SBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.9M | $39.6M |
| Net Profit | $19.8M | $14.2M |
| Gross Margin | 15.6% | 73.1% |
| Operating Margin | -1.4% | 32.5% |
| Net Margin | 26.8% | 35.9% |
| Revenue YoY | 17.3% | -10.9% |
| Net Profit YoY | 307.3% | 117.2% |
| EPS (diluted) | $3.69 | $0.15 |
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 | $39.6M | ||
| Q3 25 | $74.0M | $43.4M | ||
| Q2 25 | $71.9M | $43.4M | ||
| Q1 25 | $71.9M | $47.3M | ||
| Q4 24 | $63.0M | $44.4M | ||
| Q3 24 | $60.3M | $53.1M | ||
| Q2 24 | $58.9M | $53.1M | ||
| Q1 24 | $65.1M | $54.8M |
| Q4 25 | $19.8M | $14.2M | ||
| Q3 25 | $-4.9M | $12.8M | ||
| Q2 25 | $-7.8M | $2.5M | ||
| Q1 25 | $-5.7M | $21.5M | ||
| Q4 24 | $-9.6M | $6.5M | ||
| Q3 24 | $-8.9M | $2.8M | ||
| Q2 24 | $-6.9M | $18.5M | ||
| Q1 24 | $-570.0K | $18.8M |
| Q4 25 | 15.6% | 73.1% | ||
| Q3 25 | 19.7% | 70.6% | ||
| Q2 25 | 15.5% | 69.2% | ||
| Q1 25 | 19.9% | 79.7% | ||
| Q4 24 | 11.8% | 76.3% | ||
| Q3 24 | 19.8% | 81.5% | ||
| Q2 24 | 16.9% | 74.2% | ||
| Q1 24 | 25.3% | 72.1% |
| Q4 25 | -1.4% | 32.5% | ||
| Q3 25 | 3.3% | 36.6% | ||
| Q2 25 | -2.0% | 33.6% | ||
| Q1 25 | -0.7% | 51.1% | ||
| Q4 24 | -7.7% | 10.6% | ||
| Q3 24 | -7.4% | 26.1% | ||
| Q2 24 | -4.5% | 51.4% | ||
| Q1 24 | 5.8% | 44.6% |
| Q4 25 | 26.8% | 35.9% | ||
| Q3 25 | -6.7% | 29.6% | ||
| Q2 25 | -10.9% | 5.7% | ||
| Q1 25 | -7.9% | 45.4% | ||
| Q4 24 | -15.2% | 14.7% | ||
| Q3 24 | -14.7% | 5.3% | ||
| Q2 24 | -11.7% | 34.8% | ||
| Q1 24 | -0.9% | 34.2% |
| Q4 25 | $3.69 | $0.15 | ||
| Q3 25 | $-0.94 | $0.12 | ||
| Q2 25 | $-1.63 | $0.02 | ||
| Q1 25 | $-1.23 | $0.21 | ||
| Q4 24 | $-2.17 | $0.05 | ||
| Q3 24 | $-2.05 | $0.03 | ||
| Q2 24 | $-1.61 | $0.20 | ||
| Q1 24 | $-0.13 | $0.20 |
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 | $164.1M |
| Total DebtLower is stronger | — | $42.8M |
| Stockholders' EquityBook value | $-38.1M | $248.3M |
| Total Assets | $107.9M | $380.4M |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $164.1M | ||
| Q3 25 | $3.4M | $127.4M | ||
| Q2 25 | $3.7M | $152.7M | ||
| Q1 25 | $6.0M | $132.1M | ||
| Q4 24 | $3.5M | $125.0M | ||
| Q3 24 | $25.9M | $137.4M | ||
| Q2 24 | $33.7M | — | ||
| Q1 24 | $31.2M | — |
| Q4 25 | — | $42.8M | ||
| Q3 25 | — | $21.1M | ||
| Q2 25 | — | $7.1M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | — | $6.6M | ||
| Q3 24 | — | $823.2K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-38.1M | $248.3M | ||
| Q3 25 | $-58.4M | $248.0M | ||
| Q2 25 | $-54.1M | $244.6M | ||
| Q1 25 | $-51.7M | $226.4M | ||
| Q4 24 | $-46.8M | $195.1M | ||
| Q3 24 | $-40.3M | $205.0M | ||
| Q2 24 | $-32.9M | $8.8M | ||
| Q1 24 | $-27.5M | $9.0M |
| Q4 25 | $107.9M | $380.4M | ||
| Q3 25 | $85.9M | $321.4M | ||
| Q2 25 | $90.6M | $315.3M | ||
| Q1 25 | $88.5M | $284.6M | ||
| Q4 24 | $93.2M | $266.1M | ||
| Q3 24 | $92.0M | $296.5M | ||
| Q2 24 | $106.6M | $19.5M | ||
| Q1 24 | $106.6M | $19.8M |
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.09× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | — | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-11.9M | $52.0M |
| Free Cash FlowOCF − Capex | $-12.0M | $51.2M |
| FCF MarginFCF / Revenue | -16.2% | 129.3% |
| Capex IntensityCapex / Revenue | 0.0% | 2.0% |
| Cash ConversionOCF / Net Profit | -0.60× | 3.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | $23.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.9M | $52.0M | ||
| Q3 25 | $4.0M | $-20.9M | ||
| Q2 25 | $-6.6M | $-8.3M | ||
| Q1 25 | $3.4M | $1.9M | ||
| Q4 24 | $-32.6M | $-7.3M | ||
| Q3 24 | $-5.4M | $5.0M | ||
| Q2 24 | $-628.0K | $19.2M | ||
| Q1 24 | $2.0M | $3.7M |
| Q4 25 | $-12.0M | $51.2M | ||
| Q3 25 | $4.0M | $-20.9M | ||
| Q2 25 | — | $-8.6M | ||
| Q1 25 | $3.4M | $1.7M | ||
| Q4 24 | $-32.6M | $-7.9M | ||
| Q3 24 | $-5.4M | $4.6M | ||
| Q2 24 | $-653.0K | $18.3M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | -16.2% | 129.3% | ||
| Q3 25 | 5.4% | -48.3% | ||
| Q2 25 | — | -19.9% | ||
| Q1 25 | 4.7% | 3.5% | ||
| Q4 24 | -51.8% | -17.8% | ||
| Q3 24 | -9.0% | 8.7% | ||
| Q2 24 | -1.1% | 34.5% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | 0.0% | 2.0% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.0% | 0.7% | ||
| Q1 25 | 0.0% | 0.5% | ||
| Q4 24 | 0.1% | 1.3% | ||
| Q3 24 | 0.0% | 0.8% | ||
| Q2 24 | 0.0% | 1.6% | ||
| Q1 24 | 0.0% | 1.3% |
| Q4 25 | -0.60× | 3.66× | ||
| Q3 25 | — | -1.63× | ||
| Q2 25 | — | -3.39× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | -1.12× | ||
| Q3 24 | — | 1.77× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KPLT
Segment breakdown not available.
SBC
| Franchising | $10.3M | 26% |
| Medical Corporation Shobikai | $8.1M | 21% |
| Medical Corporation Nasukai | $7.2M | 18% |
| Management Services | $6.3M | 16% |
| Rental Services | $4.3M | 11% |
| Medical Corporation Association Furinkai | $3.0M | 8% |
| Japan Medical And Beauty Inc | $656.5K | 2% |
