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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) and STEM, INC. (STEM). Click either name above to swap in a different company.
Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $47.1M, roughly 1.6× STEM, INC.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -33.9%, a 60.7% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% 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.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
KPLT vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.9M | $47.1M |
| Net Profit | $19.8M | $-16.0M |
| Gross Margin | 15.6% | 48.9% |
| Operating Margin | -1.4% | -17.7% |
| Net Margin | 26.8% | -33.9% |
| Revenue YoY | 17.3% | -15.6% |
| Net Profit YoY | 307.3% | 68.8% |
| EPS (diluted) | $3.69 | $-4.40 |
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 | $47.1M | ||
| Q3 25 | $74.0M | $38.2M | ||
| Q2 25 | $71.9M | $38.4M | ||
| Q1 25 | $71.9M | $32.5M | ||
| Q4 24 | $63.0M | $55.8M | ||
| Q3 24 | $60.3M | $29.3M | ||
| Q2 24 | $58.9M | $34.0M | ||
| Q1 24 | $65.1M | $25.5M |
| Q4 25 | $19.8M | $-16.0M | ||
| Q3 25 | $-4.9M | $-23.8M | ||
| Q2 25 | $-7.8M | $202.5M | ||
| Q1 25 | $-5.7M | $-25.0M | ||
| Q4 24 | $-9.6M | $-51.1M | ||
| Q3 24 | $-8.9M | $-148.3M | ||
| Q2 24 | $-6.9M | $-582.3M | ||
| Q1 24 | $-570.0K | $-72.3M |
| Q4 25 | 15.6% | 48.9% | ||
| Q3 25 | 19.7% | 35.5% | ||
| Q2 25 | 15.5% | 33.4% | ||
| Q1 25 | 19.9% | 32.4% | ||
| Q4 24 | 11.8% | -4.4% | ||
| Q3 24 | 19.8% | 21.2% | ||
| Q2 24 | 16.9% | 27.6% | ||
| Q1 24 | 25.3% | -95.0% |
| Q4 25 | -1.4% | -17.7% | ||
| Q3 25 | 3.3% | -33.6% | ||
| Q2 25 | -2.0% | -34.8% | ||
| Q1 25 | -0.7% | -65.0% | ||
| Q4 24 | -7.7% | -84.4% | ||
| Q3 24 | -7.4% | -493.2% | ||
| Q2 24 | -4.5% | -1705.5% | ||
| Q1 24 | 5.8% | -267.0% |
| Q4 25 | 26.8% | -33.9% | ||
| Q3 25 | -6.7% | -62.2% | ||
| Q2 25 | -10.9% | 527.8% | ||
| Q1 25 | -7.9% | -76.9% | ||
| Q4 24 | -15.2% | -91.6% | ||
| Q3 24 | -14.7% | -506.3% | ||
| Q2 24 | -11.7% | -1712.6% | ||
| Q1 24 | -0.9% | -283.9% |
| Q4 25 | $3.69 | $-4.40 | ||
| Q3 25 | $-0.94 | $-2.84 | ||
| Q2 25 | $-1.63 | $-1.79 | ||
| Q1 25 | $-1.23 | $-0.15 | ||
| Q4 24 | $-2.17 | $-15.29 | ||
| Q3 24 | $-2.05 | $-18.24 | ||
| Q2 24 | $-1.61 | $-71.81 | ||
| Q1 24 | $-0.13 | $-0.46 |
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 | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.1M | $-249.4M |
| Total Assets | $107.9M | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $48.9M | ||
| Q3 25 | $3.4M | $43.1M | ||
| Q2 25 | $3.7M | $40.8M | ||
| Q1 25 | $6.0M | $58.6M | ||
| Q4 24 | $3.5M | $56.3M | ||
| Q3 24 | $25.9M | $75.4M | ||
| Q2 24 | $33.7M | $89.6M | ||
| Q1 24 | $31.2M | $112.8M |
| Q4 25 | $-38.1M | $-249.4M | ||
| Q3 25 | $-58.4M | $-235.7M | ||
| Q2 25 | $-54.1M | $-214.1M | ||
| Q1 25 | $-51.7M | $-417.5M | ||
| Q4 24 | $-46.8M | $-398.4M | ||
| Q3 24 | $-40.3M | $-344.1M | ||
| Q2 24 | $-32.9M | $-203.2M | ||
| Q1 24 | $-27.5M | $371.6M |
| Q4 25 | $107.9M | $308.9M | ||
| Q3 25 | $85.9M | $362.6M | ||
| Q2 25 | $90.6M | $379.2M | ||
| Q1 25 | $88.5M | $405.1M | ||
| Q4 24 | $93.2M | $437.4M | ||
| Q3 24 | $92.0M | $537.8M | ||
| Q2 24 | $106.6M | $691.5M | ||
| Q1 24 | $106.6M | $1.3B |
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 | $8.2M |
| 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 | $8.2M | ||
| Q3 25 | $4.0M | $11.4M | ||
| Q2 25 | $-6.6M | $-21.3M | ||
| Q1 25 | $3.4M | $8.5M | ||
| Q4 24 | $-32.6M | $-14.7M | ||
| Q3 24 | $-5.4M | $-9.4M | ||
| Q2 24 | $-628.0K | $-11.9M | ||
| Q1 24 | $2.0M | $-621.0K |
| 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% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | -0.60× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
