Earnings Releases·Nov 12, 2026, 6:17 AM ET

Katapult Holdings — Third Quarter 2026 Earnings Summary

Q3 2026 total revenue reached $753.9 million; on a combined full-quarter basis, Adjusted EBITDA rose 23% to $131.7 million (13.1% margin), while net loss widened to $44.5 million from $30.1 million in Q3 2025 due to acquisition and restructuring costs.
Management issued Q4 2026 guidance of $975–$1,025 million in revenue and $105–$120 million in Adjusted EBITDA, reflecting a cautious outlook driven by macroeconomic headwinds, lower average ticket sizes, and a disciplined underwriting strategy prioritizing margin over volume.
The company identified approximately $30 million in annualized cost synergies following its August 2026 merger with The Aaron's Company and CCF Holdings, with a focus on optimizing the balance sheet and reducing funding costs.
Financial position remains stable with $261.0 million in cash, $1.95 billion in outstanding debt, and a net leverage ratio of 3.5x, while serving 1.04 million active customers in consumer finance and 1.08 million in lease-to-own.