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

Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $35.2M, roughly 2.1× Voyager Technologies, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -130.4%, a 157.2% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs 2.1%). Katapult Holdings, Inc. produced more free cash flow last quarter ($-12.0M vs $-66.8M).

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.

KPLT vs VOYG — Head-to-Head

Bigger by revenue
KPLT
KPLT
2.1× larger
KPLT
$73.9M
$35.2M
VOYG
Growing faster (revenue YoY)
KPLT
KPLT
+15.2% gap
KPLT
17.3%
2.1%
VOYG
Higher net margin
KPLT
KPLT
157.2% more per $
KPLT
26.8%
-130.4%
VOYG
More free cash flow
KPLT
KPLT
$54.8M more FCF
KPLT
$-12.0M
$-66.8M
VOYG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KPLT
KPLT
VOYG
VOYG
Revenue
$73.9M
$35.2M
Net Profit
$19.8M
$-45.9M
Gross Margin
15.6%
-4.4%
Operating Margin
-1.4%
Net Margin
26.8%
-130.4%
Revenue YoY
17.3%
2.1%
Net Profit YoY
307.3%
-64.5%
EPS (diluted)
$3.69
$-0.75

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
VOYG
VOYG
Q1 26
$35.2M
Q4 25
$73.9M
$46.7M
Q3 25
$74.0M
$39.6M
Q2 25
$71.9M
$45.7M
Q1 25
$71.9M
Q4 24
$63.0M
Q3 24
$60.3M
Q2 24
$58.9M
Net Profit
KPLT
KPLT
VOYG
VOYG
Q1 26
$-45.9M
Q4 25
$19.8M
$-33.0M
Q3 25
$-4.9M
$-16.3M
Q2 25
$-7.8M
$-31.4M
Q1 25
$-5.7M
Q4 24
$-9.6M
Q3 24
$-8.9M
Q2 24
$-6.9M
Gross Margin
KPLT
KPLT
VOYG
VOYG
Q1 26
-4.4%
Q4 25
15.6%
21.4%
Q3 25
19.7%
15.4%
Q2 25
15.5%
18.0%
Q1 25
19.9%
Q4 24
11.8%
Q3 24
19.8%
Q2 24
16.9%
Operating Margin
KPLT
KPLT
VOYG
VOYG
Q1 26
Q4 25
-1.4%
Q3 25
3.3%
-60.7%
Q2 25
-2.0%
-52.8%
Q1 25
-0.7%
Q4 24
-7.7%
Q3 24
-7.4%
Q2 24
-4.5%
Net Margin
KPLT
KPLT
VOYG
VOYG
Q1 26
-130.4%
Q4 25
26.8%
-70.7%
Q3 25
-6.7%
-41.1%
Q2 25
-10.9%
-68.7%
Q1 25
-7.9%
Q4 24
-15.2%
Q3 24
-14.7%
Q2 24
-11.7%
EPS (diluted)
KPLT
KPLT
VOYG
VOYG
Q1 26
$-0.75
Q4 25
$3.69
$-0.52
Q3 25
$-0.94
$-0.28
Q2 25
$-1.63
$-1.23
Q1 25
$-1.23
Q4 24
$-2.17
Q3 24
$-2.05
Q2 24
$-1.61

Balance Sheet & Financial Strength

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

Metric
KPLT
KPLT
VOYG
VOYG
Cash + ST InvestmentsLiquidity on hand
$22.4M
$429.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-38.1M
$404.5M
Total Assets
$107.9M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPLT
KPLT
VOYG
VOYG
Q1 26
$429.4M
Q4 25
$22.4M
$491.3M
Q3 25
$3.4M
$413.3M
Q2 25
$3.7M
$468.9M
Q1 25
$6.0M
Q4 24
$3.5M
Q3 24
$25.9M
Q2 24
$33.7M
Stockholders' Equity
KPLT
KPLT
VOYG
VOYG
Q1 26
$404.5M
Q4 25
$-38.1M
Q3 25
$-58.4M
$590.9M
Q2 25
$-54.1M
$554.7M
Q1 25
$-51.7M
Q4 24
$-46.8M
Q3 24
$-40.3M
Q2 24
$-32.9M
Total Assets
KPLT
KPLT
VOYG
VOYG
Q1 26
$1.0B
Q4 25
$107.9M
Q3 25
$85.9M
$727.8M
Q2 25
$90.6M
$685.3M
Q1 25
$88.5M
Q4 24
$93.2M
Q3 24
$92.0M
Q2 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
VOYG
VOYG
Operating Cash FlowLast quarter
$-11.9M
$-39.7M
Free Cash FlowOCF − Capex
$-12.0M
$-66.8M
FCF MarginFCF / Revenue
-16.2%
-189.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.60×
TTM Free Cash FlowTrailing 4 quarters
$-263.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KPLT
KPLT
VOYG
VOYG
Q1 26
$-39.7M
Q4 25
$-11.9M
$-60.9M
Q3 25
$4.0M
$-15.1M
Q2 25
$-6.6M
$-30.9M
Q1 25
$3.4M
Q4 24
$-32.6M
Q3 24
$-5.4M
Q2 24
$-628.0K
Free Cash Flow
KPLT
KPLT
VOYG
VOYG
Q1 26
$-66.8M
Q4 25
$-12.0M
$-54.5M
Q3 25
$4.0M
$-53.8M
Q2 25
$-88.8M
Q1 25
$3.4M
Q4 24
$-32.6M
Q3 24
$-5.4M
Q2 24
$-653.0K
FCF Margin
KPLT
KPLT
VOYG
VOYG
Q1 26
-189.5%
Q4 25
-16.2%
-116.9%
Q3 25
5.4%
-135.8%
Q2 25
-194.4%
Q1 25
4.7%
Q4 24
-51.8%
Q3 24
-9.0%
Q2 24
-1.1%
Capex Intensity
KPLT
KPLT
VOYG
VOYG
Q1 26
Q4 25
0.0%
Q3 25
0.0%
97.8%
Q2 25
0.0%
126.7%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
KPLT
KPLT
VOYG
VOYG
Q1 26
Q4 25
-0.60×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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