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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $73.9M, roughly 1.2× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -5.9%, a 32.7% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs 7.2%). Katapult Holdings, Inc. produced more free cash flow last quarter ($-12.0M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 6.6%).

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.

Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.

KPLT vs SHEN — Head-to-Head

Bigger by revenue
SHEN
SHEN
1.2× larger
SHEN
$91.6M
$73.9M
KPLT
Growing faster (revenue YoY)
KPLT
KPLT
+10.1% gap
KPLT
17.3%
7.2%
SHEN
Higher net margin
KPLT
KPLT
32.7% more per $
KPLT
26.8%
-5.9%
SHEN
More free cash flow
KPLT
KPLT
$66.6M more FCF
KPLT
$-12.0M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
6.6%
KPLT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KPLT
KPLT
SHEN
SHEN
Revenue
$73.9M
$91.6M
Net Profit
$19.8M
$-5.4M
Gross Margin
15.6%
Operating Margin
-1.4%
-1.0%
Net Margin
26.8%
-5.9%
Revenue YoY
17.3%
7.2%
Net Profit YoY
307.3%
-95.8%
EPS (diluted)
$3.69
$-0.13

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
SHEN
SHEN
Q4 25
$73.9M
$91.6M
Q3 25
$74.0M
$89.8M
Q2 25
$71.9M
$88.6M
Q1 25
$71.9M
$87.9M
Q4 24
$63.0M
$85.4M
Q3 24
$60.3M
$87.6M
Q2 24
$58.9M
$85.8M
Q1 24
$65.1M
$69.2M
Net Profit
KPLT
KPLT
SHEN
SHEN
Q4 25
$19.8M
$-5.4M
Q3 25
$-4.9M
$-9.4M
Q2 25
$-7.8M
$-9.0M
Q1 25
$-5.7M
$-9.1M
Q4 24
$-9.6M
$-2.7M
Q3 24
$-8.9M
$-5.3M
Q2 24
$-6.9M
$-12.9M
Q1 24
$-570.0K
$214.7M
Gross Margin
KPLT
KPLT
SHEN
SHEN
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
SHEN
SHEN
Q4 25
-1.4%
-1.0%
Q3 25
3.3%
-8.0%
Q2 25
-2.0%
-10.3%
Q1 25
-0.7%
-6.9%
Q4 24
-7.7%
-6.7%
Q3 24
-7.4%
-4.8%
Q2 24
-4.5%
-18.5%
Q1 24
5.8%
-4.0%
Net Margin
KPLT
KPLT
SHEN
SHEN
Q4 25
26.8%
-5.9%
Q3 25
-6.7%
-10.5%
Q2 25
-10.9%
-10.2%
Q1 25
-7.9%
-10.4%
Q4 24
-15.2%
-3.2%
Q3 24
-14.7%
-6.0%
Q2 24
-11.7%
-15.0%
Q1 24
-0.9%
310.0%
EPS (diluted)
KPLT
KPLT
SHEN
SHEN
Q4 25
$3.69
$-0.13
Q3 25
$-0.94
$-0.20
Q2 25
$-1.63
$-0.19
Q1 25
$-1.23
$-0.19
Q4 24
$-2.17
$-0.34
Q3 24
$-2.05
$-0.13
Q2 24
$-1.61
$-0.24
Q1 24
$-0.13
$4.25

Balance Sheet & Financial Strength

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

Metric
KPLT
KPLT
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$22.4M
$27.3M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$-38.1M
$880.8M
Total Assets
$107.9M
$1.9B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPLT
KPLT
SHEN
SHEN
Q4 25
$22.4M
$27.3M
Q3 25
$3.4M
$22.6M
Q2 25
$3.7M
$29.1M
Q1 25
$6.0M
$87.5M
Q4 24
$3.5M
$46.3M
Q3 24
$25.9M
$43.1M
Q2 24
$33.7M
$43.8M
Q1 24
$31.2M
$389.7M
Total Debt
KPLT
KPLT
SHEN
SHEN
Q4 25
$642.4M
Q3 25
$535.4M
Q2 25
$513.1M
Q1 25
$515.8M
Q4 24
$418.0M
Q3 24
$345.2M
Q2 24
$297.4M
Q1 24
$298.7M
Stockholders' Equity
KPLT
KPLT
SHEN
SHEN
Q4 25
$-38.1M
$880.8M
Q3 25
$-58.4M
$892.7M
Q2 25
$-54.1M
$902.0M
Q1 25
$-51.7M
$910.5M
Q4 24
$-46.8M
$918.6M
Q3 24
$-40.3M
$925.4M
Q2 24
$-32.9M
$933.1M
Q1 24
$-27.5M
$871.6M
Total Assets
KPLT
KPLT
SHEN
SHEN
Q4 25
$107.9M
$1.9B
Q3 25
$85.9M
$1.9B
Q2 25
$90.6M
$1.8B
Q1 25
$88.5M
$1.8B
Q4 24
$93.2M
$1.7B
Q3 24
$92.0M
$1.7B
Q2 24
$106.6M
$1.7B
Q1 24
$106.6M
$1.4B
Debt / Equity
KPLT
KPLT
SHEN
SHEN
Q4 25
0.73×
Q3 25
0.60×
Q2 25
0.57×
Q1 25
0.57×
Q4 24
0.46×
Q3 24
0.37×
Q2 24
0.32×
Q1 24
0.34×

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
SHEN
SHEN
Operating Cash FlowLast quarter
$-11.9M
$28.8M
Free Cash FlowOCF − Capex
$-12.0M
$-78.6M
FCF MarginFCF / Revenue
-16.2%
-85.8%
Capex IntensityCapex / Revenue
0.0%
117.2%
Cash ConversionOCF / Net Profit
-0.60×
TTM Free Cash FlowTrailing 4 quarters
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KPLT
KPLT
SHEN
SHEN
Q4 25
$-11.9M
$28.8M
Q3 25
$4.0M
$30.7M
Q2 25
$-6.6M
$20.9M
Q1 25
$3.4M
$20.5M
Q4 24
$-32.6M
$20.6M
Q3 24
$-5.4M
$24.3M
Q2 24
$-628.0K
$2.5M
Q1 24
$2.0M
$15.2M
Free Cash Flow
KPLT
KPLT
SHEN
SHEN
Q4 25
$-12.0M
$-78.6M
Q3 25
$4.0M
$-51.4M
Q2 25
$-65.3M
Q1 25
$3.4M
$-62.7M
Q4 24
$-32.6M
$-72.0M
Q3 24
$-5.4M
$-51.3M
Q2 24
$-653.0K
$-78.3M
Q1 24
$-54.9M
FCF Margin
KPLT
KPLT
SHEN
SHEN
Q4 25
-16.2%
-85.8%
Q3 25
5.4%
-57.2%
Q2 25
-73.7%
Q1 25
4.7%
-71.3%
Q4 24
-51.8%
-84.3%
Q3 24
-9.0%
-58.5%
Q2 24
-1.1%
-91.3%
Q1 24
-79.3%
Capex Intensity
KPLT
KPLT
SHEN
SHEN
Q4 25
0.0%
117.2%
Q3 25
0.0%
91.4%
Q2 25
0.0%
97.3%
Q1 25
0.0%
94.7%
Q4 24
0.1%
108.4%
Q3 24
0.0%
86.2%
Q2 24
0.0%
94.2%
Q1 24
0.0%
101.2%
Cash Conversion
KPLT
KPLT
SHEN
SHEN
Q4 25
-0.60×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KPLT
KPLT

Segment breakdown not available.

SHEN
SHEN

Residential And SMB Incumbent Broadband$41.5M45%
Residential And SMB Glo Fiber Expansion Markets$23.0M25%
Commercial Fiber$20.3M22%
RLEC Other$6.8M7%

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