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

SunPower Inc. is the larger business by last-quarter revenue ($79.7M vs $73.9M, roughly 1.1× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -17.8%, a 44.6% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -10.1%). Over the past eight quarters, SunPower Inc.'s revenue compounded faster (118.7% 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.

SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company p...

KPLT vs SPWR — Head-to-Head

Bigger by revenue
SPWR
SPWR
1.1× larger
SPWR
$79.7M
$73.9M
KPLT
Growing faster (revenue YoY)
KPLT
KPLT
+27.4% gap
KPLT
17.3%
-10.1%
SPWR
Higher net margin
KPLT
KPLT
44.6% more per $
KPLT
26.8%
-17.8%
SPWR
Faster 2-yr revenue CAGR
SPWR
SPWR
Annualised
SPWR
118.7%
6.6%
KPLT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KPLT
KPLT
SPWR
SPWR
Revenue
$73.9M
$79.7M
Net Profit
$19.8M
$-14.2M
Gross Margin
15.6%
35.5%
Operating Margin
-1.4%
-27.4%
Net Margin
26.8%
-17.8%
Revenue YoY
17.3%
-10.1%
Net Profit YoY
307.3%
-130.1%
EPS (diluted)
$3.69
$-0.05

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
SPWR
SPWR
Q4 25
$73.9M
$79.7M
Q3 25
$74.0M
$22.0M
Q2 25
$71.9M
$67.5M
Q1 25
$71.9M
$82.7M
Q4 24
$63.0M
$88.7M
Q3 24
$60.3M
Q2 24
$58.9M
Q1 24
$65.1M
Net Profit
KPLT
KPLT
SPWR
SPWR
Q4 25
$19.8M
$-14.2M
Q3 25
$-4.9M
$-16.9M
Q2 25
$-7.8M
$-22.4M
Q1 25
$-5.7M
$8.1M
Q4 24
$-9.6M
$47.0M
Q3 24
$-8.9M
Q2 24
$-6.9M
Q1 24
$-570.0K
Gross Margin
KPLT
KPLT
SPWR
SPWR
Q4 25
15.6%
35.5%
Q3 25
19.7%
Q2 25
15.5%
42.6%
Q1 25
19.9%
48.5%
Q4 24
11.8%
46.5%
Q3 24
19.8%
Q2 24
16.9%
Q1 24
25.3%
Operating Margin
KPLT
KPLT
SPWR
SPWR
Q4 25
-1.4%
-27.4%
Q3 25
3.3%
-15.7%
Q2 25
-2.0%
-4.0%
Q1 25
-0.7%
1.3%
Q4 24
-7.7%
-24.2%
Q3 24
-7.4%
Q2 24
-4.5%
Q1 24
5.8%
Net Margin
KPLT
KPLT
SPWR
SPWR
Q4 25
26.8%
-17.8%
Q3 25
-6.7%
-76.9%
Q2 25
-10.9%
-33.2%
Q1 25
-7.9%
9.8%
Q4 24
-15.2%
53.0%
Q3 24
-14.7%
Q2 24
-11.7%
Q1 24
-0.9%
EPS (diluted)
KPLT
KPLT
SPWR
SPWR
Q4 25
$3.69
$-0.05
Q3 25
$-0.94
$-0.19
Q2 25
$-1.63
$-0.28
Q1 25
$-1.23
$0.00
Q4 24
$-2.17
$0.27
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
SPWR
SPWR
Cash + ST InvestmentsLiquidity on hand
$22.4M
$9.6M
Total DebtLower is stronger
$164.8M
Stockholders' EquityBook value
$-38.1M
$-90.1M
Total Assets
$107.9M
$241.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPLT
KPLT
SPWR
SPWR
Q4 25
$22.4M
$9.6M
Q3 25
$3.4M
$5.1M
Q2 25
$3.7M
$11.1M
Q1 25
$6.0M
$10.6M
Q4 24
$3.5M
$13.4M
Q3 24
$25.9M
Q2 24
$33.7M
Q1 24
$31.2M
Total Debt
KPLT
KPLT
SPWR
SPWR
Q4 25
$164.8M
Q3 25
$204.3M
Q2 25
$152.9M
Q1 25
Q4 24
$147.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
KPLT
KPLT
SPWR
SPWR
Q4 25
$-38.1M
$-90.1M
Q3 25
$-58.4M
$-112.3M
Q2 25
$-54.1M
$-107.2M
Q1 25
$-51.7M
$-89.0M
Q4 24
$-46.8M
$-97.5M
Q3 24
$-40.3M
Q2 24
$-32.9M
Q1 24
$-27.5M
Total Assets
KPLT
KPLT
SPWR
SPWR
Q4 25
$107.9M
$241.2M
Q3 25
$85.9M
$208.3M
Q2 25
$90.6M
$163.1M
Q1 25
$88.5M
$147.8M
Q4 24
$93.2M
$144.5M
Q3 24
$92.0M
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
KPLT
KPLT
SPWR
SPWR
Operating Cash FlowLast quarter
$-11.9M
$-1.9M
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.

Operating Cash Flow
KPLT
KPLT
SPWR
SPWR
Q4 25
$-11.9M
$-1.9M
Q3 25
$4.0M
$-6.4M
Q2 25
$-6.6M
$-4.4M
Q1 25
$3.4M
$-2.6M
Q4 24
$-32.6M
$-25.6M
Q3 24
$-5.4M
Q2 24
$-628.0K
Q1 24
$2.0M
Free Cash Flow
KPLT
KPLT
SPWR
SPWR
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
FCF Margin
KPLT
KPLT
SPWR
SPWR
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
Capex Intensity
KPLT
KPLT
SPWR
SPWR
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
KPLT
KPLT
SPWR
SPWR
Q4 25
-0.60×
Q3 25
Q2 25
Q1 25
-0.32×
Q4 24
-0.54×
Q3 24
Q2 24
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.

SPWR
SPWR

Residential Solar Installation$46.9M59%
New Homes Business$22.7M29%
Other$10.1M13%

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