vs
Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $46.6M, roughly 1.6× SolarMax Technology, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -1.9%, a 28.7% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 17.3%).
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.
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
KPLT vs SMXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.9M | $46.6M |
| Net Profit | $19.8M | $-872.2K |
| Gross Margin | 15.6% | 2.7% |
| Operating Margin | -1.4% | -2.7% |
| Net Margin | 26.8% | -1.9% |
| Revenue YoY | 17.3% | 623.5% |
| Net Profit YoY | 307.3% | 77.7% |
| EPS (diluted) | $3.69 | $-0.02 |
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 | $46.6M | ||
| Q3 25 | $74.0M | $30.6M | ||
| Q2 25 | $71.9M | $6.9M | ||
| Q1 25 | $71.9M | $6.9M | ||
| Q4 24 | $63.0M | $6.4M | ||
| Q3 24 | $60.3M | $6.3M | ||
| Q2 24 | $58.9M | — | ||
| Q1 24 | $65.1M | — |
| Q4 25 | $19.8M | $-872.2K | ||
| Q3 25 | $-4.9M | $-2.3M | ||
| Q2 25 | $-7.8M | $-1.9M | ||
| Q1 25 | $-5.7M | $-1.3M | ||
| Q4 24 | $-9.6M | $-3.9M | ||
| Q3 24 | $-8.9M | $-9.6M | ||
| Q2 24 | $-6.9M | — | ||
| Q1 24 | $-570.0K | — |
| Q4 25 | 15.6% | 2.7% | ||
| Q3 25 | 19.7% | 3.1% | ||
| Q2 25 | 15.5% | 8.8% | ||
| Q1 25 | 19.9% | 20.5% | ||
| Q4 24 | 11.8% | 14.5% | ||
| Q3 24 | 19.8% | 19.9% | ||
| Q2 24 | 16.9% | — | ||
| Q1 24 | 25.3% | — |
| Q4 25 | -1.4% | -2.7% | ||
| Q3 25 | 3.3% | -6.9% | ||
| Q2 25 | -2.0% | -25.7% | ||
| Q1 25 | -0.7% | -16.7% | ||
| Q4 24 | -7.7% | -27.9% | ||
| Q3 24 | -7.4% | -158.4% | ||
| Q2 24 | -4.5% | — | ||
| Q1 24 | 5.8% | — |
| Q4 25 | 26.8% | -1.9% | ||
| Q3 25 | -6.7% | -7.4% | ||
| Q2 25 | -10.9% | -27.6% | ||
| Q1 25 | -7.9% | -18.7% | ||
| Q4 24 | -15.2% | -60.6% | ||
| Q3 24 | -14.7% | -152.0% | ||
| Q2 24 | -11.7% | — | ||
| Q1 24 | -0.9% | — |
| Q4 25 | $3.69 | $-0.02 | ||
| Q3 25 | $-0.94 | $-0.04 | ||
| Q2 25 | $-1.63 | $-0.04 | ||
| Q1 25 | $-1.23 | $-0.03 | ||
| Q4 24 | $-2.17 | $-0.07 | ||
| Q3 24 | $-2.05 | $-0.21 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.4M | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.1M | $-12.2M |
| Total Assets | $107.9M | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $8.0M | ||
| Q3 25 | $3.4M | $5.7M | ||
| Q2 25 | $3.7M | $1.9M | ||
| Q1 25 | $6.0M | $6.8M | ||
| Q4 24 | $3.5M | $7.1M | ||
| Q3 24 | $25.9M | $8.6M | ||
| Q2 24 | $33.7M | — | ||
| Q1 24 | $31.2M | — |
| Q4 25 | $-38.1M | $-12.2M | ||
| Q3 25 | $-58.4M | $-11.8M | ||
| Q2 25 | $-54.1M | $-15.1M | ||
| Q1 25 | $-51.7M | $-15.9M | ||
| Q4 24 | $-46.8M | $-15.1M | ||
| Q3 24 | $-40.3M | $-10.9M | ||
| Q2 24 | $-32.9M | — | ||
| Q1 24 | $-27.5M | — |
| Q4 25 | $107.9M | $91.3M | ||
| Q3 25 | $85.9M | $58.7M | ||
| Q2 25 | $90.6M | $38.2M | ||
| Q1 25 | $88.5M | $38.6M | ||
| Q4 24 | $93.2M | $38.6M | ||
| Q3 24 | $92.0M | $43.0M | ||
| Q2 24 | $106.6M | — | ||
| Q1 24 | $106.6M | — |
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 | $-2.5M |
| 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.
| Q4 25 | $-11.9M | $-2.5M | ||
| Q3 25 | $4.0M | $3.4M | ||
| Q2 25 | $-6.6M | $220.7K | ||
| Q1 25 | $3.4M | $-601.1K | ||
| Q4 24 | $-32.6M | $-1.3M | ||
| Q3 24 | $-5.4M | $203.6K | ||
| Q2 24 | $-628.0K | — | ||
| Q1 24 | $2.0M | — |
| 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 | — | — |
| 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 | — | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | -0.60× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
