Katapult Q2 Revenue Climbs 4%, Adjusted EBITDA Surges 280%; Merger with Aaron's on Track for This Month

summarizeSummary

Katapult reported Q2 2026 results featuring 4% revenue growth and a 280% jump in Adjusted EBITDA, while confirming its reverse merger with Aaron's and CCF Holdings remains on track to close in August 2026.

check_boxKey Events · Earnings and Guidance · KPLT

• Q2 Revenue and Originations Growth

  Total revenue rose 4.0% to $74.8 million, driven by a 4.7% increase in gross originations to $75.5 million — the 15th consecutive quarter of growth.

• Adjusted EBITDA Surge

  Adjusted EBITDA jumped nearly 280% to $1.2 million from $0.3 million a year ago, reflecting improved operating leverage and lower fixed cash operating expenses.

• Net Loss Narrows

  Net loss improved 44% to $(4.4) million from $(7.8) million, primarily due to a $2.2 million reduction in interest expense after the term loan extinguishment in November 2025.

• Merger Closing Imminent

  The reverse merger with Aaron's and CCF Holdings is expected to close in August 2026, subject to stockholder approval. The deal will create a scaled omnichannel platform but will significantly dilute existing shareholders.

auto_awesomeAnalysis · KPLT · Trade & Services

Marking its 15th straight quarter of gross originations growth, Katapult posted a 4% revenue increase while Adjusted EBITDA soared nearly 280% to $1.2 million. The net loss narrowed sharply, aided by lower interest costs following the extinguishment of its term loan. With $24.1 million in cash and a pending reverse merger with Aaron's and CCF Holdings expected to close this month, the company is navigating a transformative period. If completed, the merger will create a scaled financial solutions platform for nonprime consumers but will also bring massive dilution for existing shareholders, as previously disclosed. Citing the pending deal, the company is not providing guidance or hosting a call.