Key Highlights

  • Total revenues were USD 753.9 million, with Gross Profit of USD 437.7 million.
  • Gross Margin was 58.1% and operating profit was USD 24.9 million.
  • Adjusted EBITDA reached USD 110.4 million, a margin of 14.6%.
  • Net loss was USD 28.0 million, primarily affected by interest expense.

Katapult Holdings (NASDAQ:KPLT) reported third-quarter 2026 total revenues of USD 753.9 million, its first quarter with combined company operations. Loss per share was USD 0.14, against an estimate of a loss of USD 0.37.

Chief executive Cory Miller said the quarter was defined by speed of execution since the Merger closed in August. The company has identified approximately USD 30 million in annualized cost synergies and is working on Revenue opportunities across its brands. Gross profit of USD 437.7 million represented a gross margin of 58.1%, and the company described itself as a technology and data-driven platform serving nonprime consumers who are seeking greater financial flexibility.

Merger Basis and Comparability

On August 11, 2026, Katapult Holdings completed its Business combination with The Aaron's Company, Inc. and CCF Holdings, LLC through a series of merger transactions. Because of the accounting treatment, third-quarter 2026 results include CCFI, which forms the Consumer Finance segment, for the full quarter, and include the Aaron's and Katapult businesses, which form the Lease-to-Own and Retail segment, only from August 11, 2026.

The third quarter of 2025 includes only CCFI and its consolidated subsidiaries. These factors affect year-over-year comparability for consolidated and Lease-to-Own and Retail segment results through the end of the third quarter of 2027, according to the company.

Consolidated Results and Combined Basis

Total operating expenses were USD 412.8 million, and operating profit was USD 24.9 million, which the company said was affected by acquisition-related costs and restructuring expenses. Net loss was USD 28.0 million, primarily affected by interest expense, and net loss margin was 3.7%. Adjusted EBITDA was USD 110.4 million, with an adjusted EBITDA margin of 14.6%.

On a combined, full-quarter basis, the company reported a net loss of USD 44.5 million, compared with USD 30.1 million in the third quarter of last year, primarily affected by acquisition-related costs. Combined adjusted EBITDA was USD 131.7 million, which the company reported as up 23% from the year-earlier quarter.

The platform serves nonprime consumers seeking greater financial flexibility. Management said it is using its technology and data across its brands to approve the right customers and lower the cost of serving them, and that it is focused on plans to optimize its Balance Sheet with the goal of reducing its cost of funding.

Merger Items Reported for the Period

The quarter was the first in which the combined company reported results across its two segments, Consumer Finance and Lease-to-Own and Retail. The release separates the figures on two bases. The consolidated basis reflects partial-period results for the Aaron's and Katapult businesses, while the combined basis shows the full quarter for both years.

Acquisition-related costs and restructuring expenses are named as the factors affecting operating profit and the combined net loss, and interest expense is named as the main Factor in the consolidated net loss. The USD 30 million annualized cost synergy figure is the company's identified amount to date, with revenue opportunities under development across the brands.