← Katapult Holdings, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $293k |
$154k
-47.38%
|
$21.2m
+13656.55%
|
($37.9m)
-278.59%
|
($36.7m)
+3.18%
|
($25.9m)
+29.32%
|
$1.4m
+105.27%
|
— | |
| Depreciation and amortization | $47.1m | $111.4m | $144.0m | $116.3m | $126.5m | $140.6m | $164.3m | $194.5m | |
| Depreciation for early lease purchase options (buyouts) | — | — | — | — | $25.8m | $29.1m | $37.7m | $194.5m | |
| Depreciation for impaired leases | — | — | — | — | $22.0m | $25.0m | $28.7m | $194.5m | |
| Amortization of debt discount | $0 | $218k | $2.7m | $5.3m | $2.8m | $3.1m | $3.0m | — | |
| Amortization of debt issuance costs, net | $740k | $431k | $357k | $361k | $277k | $220k | $2.4m | — | |
| Amortization of right-of-use assets | — | — | — | $367k | $355k | $318k | $183k | — | |
| Stock-based compensation | $315k | $351k | $13.0m | $6.4m | $7.0m | $5.8m | $3.7m | $2.6m | |
| Accounts payable | ($150k) | $768k | $344k | ($765k) | ($361k) | $588k | $400k | $2.0m | |
| Accrued PIK interest expense | $0 | $0 | $1.5m | $2.1m | $1.6m | $1.4m | $3.3m | — | |
| Accrued liabilities | $3.0m | $5.0m | ($1.0m) | $2.7m | $4.4m | ($6.8m) | $129k | ($3.7m) | |
| Accrued litigation | — | — | — | $0 | $12.0m | ($7.1m) | ($695k) | — | |
| Unearned revenues | $495k | $1.3m | ($517k) | ($583k) | $765k | ($126k) | $60k | — | |
| Debt issuance costs accrued but not yet paid | — | — | — | $0 | $481k | $0 | $200k | — | |
| Prepaid expenses and other current assets | ($104k) | $54k | ($3.8m) | ($4.3m) | $3.6m | ($2.1m) | $2.3m | — | |
| Other assets and security deposits | $173k | $34k | $0 | — | — | $0 | $76k | — | |
| Net cash used in operating activities | ($156k) |
($986k)
-531.37%
|
$2.2m
+319.68%
|
($20.8m)
-1062.51%
|
($17.4m)
+16.47%
|
($32.6m)
-87.03%
|
($11.9m)
+63.36%
|
($2.6m)
+78.18%
|
|
| Property held for lease | ($87.8m) | ($191.4m) | ($198.8m) | ($151.8m) | ($183.7m) | ($201.2m) | ($236.0m) | — | |
| Purchases of property and equipment | ($82k) | ($234k) | ($384k) | ($168k) | ($20k) | ($54k) | ($34k) | ($1.3m) | |
| Net cash used in investing activities | ($250.0m) | $452k | ($1.4m) | ($1.5m) | ($974k) | ($1.3m) | ($1.1m) | ($1.2m) | |
| Payments of issuance costs related to debt and preferred stock | $0 | ($750k) | $0 | — | — | $0 | ($5.3m) | — | |
| Issuance of warrants to purchase common stock in connection with debt refinancing | $0 | $12.8m | $0 | $0 | $4.1m | $0 | $3.9m | — | |
| Issuance of New Term Loan derivative liability in connection with debt refinancing | — | — | — | — | — | $0 | $3.6m | — | |
| Issuance of common stock in connection with litigation settlements | — | — | — | — | $0 | $1.8m | $1.5m | — | |
| Net cash provided by financing activities | $251.7m |
$59.9m
-76.21%
|
$26.1m
-56.42%
|
($4.2m)
-116.23%
|
($22.6m)
-434.39%
|
$21.6m
+195.46%
|
$20.0m
-7.62%
|
$18.9m
-5.33%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | $9.3m | $57.4m | $26.8m | ($26.6m) | ($41.0m) | ($12.3m) | $6.9m | — | |
| Cash, cash equivalents and restricted cash at beginning of period | $12.2m | $69.6m | $96.4m | $69.8m | $28.8m | $16.6m | $23.5m | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Change in fair value of derivative liability, warrants, and other | — | — | — | — | ($807k) | ($256k) | ($17.4m) | — | |
| Gain on extinguishment of term loan and settlement of derivative liability, net | $823k | $402k | $0 | $0 | $2.4m | $0 | ($5.1m) | — | |
| Litigation insurance reimbursement receivable | — | — | — | $0 | ($5.0m) | $5.0m | $0 | — | |
| Lease liabilities | — | — | — | ($413k) | ($387k) | ($288k) | ($180k) | — | |
| Additions to capitalized software | $0 | ($202k) | ($1.1m) | ($1.3m) | ($954k) | ($1.2m) | ($1.1m) | — | |
| Proceeds from New and Existing Revolving Facilities | $22.8m | $39.9m | $7.0m | $18.5m | $14.3m | $34.4m | $22.0m | — | |
| Principal repayments on New and Existing Revolving Facilities | $0 | ($4.8m) | ($20.5m) | ($22.5m) | ($11.6m) | ($12.4m) | ($26.0m) | — | |
| Repayment of term loan and repurchase of warrants | — | — | — | $0 | ($25.0m) | $0 | ($35.1m) | — | |
| Repurchases of restricted stock | — | — | $0 | ($344k) | ($355k) | ($613k) | ($594k) | — | |
| Proceeds from issuance of Convertible Preferred Stock and warrants | — | — | — | — | — | $0 | $65.0m | — | |
| Proceeds from exercise of stock options | $2k | $113k | $678k | $67k | $1k | $211k | $8k | — | |
| Cash paid for interest | $7.1m | $12.6m | $11.6m | $12.0m | $13.0m | $13.7m | $11.7m | — | |
| Cash paid for income taxes | $105k | $309k | $416k | $446k | $206k | $270k | $106k | — | |
| Cash paid for operating leases | ($156k) | ($986k) | $0 | $511k | $513k | $359k | $275k | ($2.6m) | |
| Extinguishment of Existing Term Loan | — | — | — | — | — | $0 | $32.7m | — |