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

Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $73.8M, roughly 1.0× Telesat Corp). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -119.8%, a 146.7% gap on every dollar of revenue. Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -64.0%).

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.

Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.

KPLT vs TSAT — Head-to-Head

Bigger by revenue
KPLT
KPLT
1.0× larger
KPLT
$73.9M
$73.8M
TSAT
Higher net margin
KPLT
KPLT
146.7% more per $
KPLT
26.8%
-119.8%
TSAT
Faster 2-yr revenue CAGR
KPLT
KPLT
Annualised
KPLT
6.6%
-64.0%
TSAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KPLT
KPLT
TSAT
TSAT
Revenue
$73.9M
$73.8M
Net Profit
$19.8M
$-88.4M
Gross Margin
15.6%
95.3%
Operating Margin
-1.4%
5.9%
Net Margin
26.8%
-119.8%
Revenue YoY
17.3%
Net Profit YoY
307.3%
EPS (diluted)
$3.69

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
TSAT
TSAT
Q4 25
$73.9M
Q3 25
$74.0M
$73.8M
Q2 25
$71.9M
$77.5M
Q1 25
$71.9M
$152.2M
Q4 24
$63.0M
Q3 24
$60.3M
Q2 24
$58.9M
$363.2M
Q1 24
$65.1M
Net Profit
KPLT
KPLT
TSAT
TSAT
Q4 25
$19.8M
Q3 25
$-4.9M
$-88.4M
Q2 25
$-7.8M
$55.1M
Q1 25
$-5.7M
$-52.3M
Q4 24
$-9.6M
Q3 24
$-8.9M
Q2 24
$-6.9M
$547.4M
Q1 24
$-570.0K
Gross Margin
KPLT
KPLT
TSAT
TSAT
Q4 25
15.6%
Q3 25
19.7%
95.3%
Q2 25
15.5%
95.9%
Q1 25
19.9%
Q4 24
11.8%
Q3 24
19.8%
Q2 24
16.9%
Q1 24
25.3%
Operating Margin
KPLT
KPLT
TSAT
TSAT
Q4 25
-1.4%
Q3 25
3.3%
5.9%
Q2 25
-2.0%
16.8%
Q1 25
-0.7%
Q4 24
-7.7%
Q3 24
-7.4%
Q2 24
-4.5%
Q1 24
5.8%
Net Margin
KPLT
KPLT
TSAT
TSAT
Q4 25
26.8%
Q3 25
-6.7%
-119.8%
Q2 25
-10.9%
71.2%
Q1 25
-7.9%
-34.4%
Q4 24
-15.2%
Q3 24
-14.7%
Q2 24
-11.7%
150.7%
Q1 24
-0.9%
EPS (diluted)
KPLT
KPLT
TSAT
TSAT
Q4 25
$3.69
Q3 25
$-0.94
Q2 25
$-1.63
Q1 25
$-1.23
Q4 24
$-2.17
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
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$22.4M
$352.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-38.1M
$1.6B
Total Assets
$107.9M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPLT
KPLT
TSAT
TSAT
Q4 25
$22.4M
Q3 25
$3.4M
$352.3M
Q2 25
$3.7M
$399.6M
Q1 25
$6.0M
$552.1M
Q4 24
$3.5M
Q3 24
$25.9M
Q2 24
$33.7M
$1.7B
Q1 24
$31.2M
Stockholders' Equity
KPLT
KPLT
TSAT
TSAT
Q4 25
$-38.1M
Q3 25
$-58.4M
$1.6B
Q2 25
$-54.1M
$1.7B
Q1 25
$-51.7M
$2.5B
Q4 24
$-46.8M
Q3 24
$-40.3M
Q2 24
$-32.9M
$2.4B
Q1 24
$-27.5M
Total Assets
KPLT
KPLT
TSAT
TSAT
Q4 25
$107.9M
Q3 25
$85.9M
$5.1B
Q2 25
$90.6M
$4.9B
Q1 25
$88.5M
$6.9B
Q4 24
$93.2M
Q3 24
$92.0M
Q2 24
$106.6M
$6.3B
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
TSAT
TSAT
Operating Cash FlowLast quarter
$-11.9M
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
TSAT
TSAT
Q4 25
$-11.9M
Q3 25
$4.0M
Q2 25
$-6.6M
Q1 25
$3.4M
Q4 24
$-32.6M
Q3 24
$-5.4M
Q2 24
$-628.0K
Q1 24
$2.0M
Free Cash Flow
KPLT
KPLT
TSAT
TSAT
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
TSAT
TSAT
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
TSAT
TSAT
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
TSAT
TSAT
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.

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