Katapult Holdings, Inc. announced its financial results for the first quarter ended March 31, 2025, reporting double-digit growth in both gross originations and revenue, exceeding its previous outlook. Gross originations increased by 15.4% year-over-year, while total revenue grew by 10.6% year-over-year.
The strong performance was primarily driven by increasing engagement with the Katapult app marketplace, with KPay originations growing 57%. CEO Orlando Zayas highlighted the thriving marketplace, citing application growth, high repeat purchase rates, and strong Net Promoter Scores as indicators of a healthy ecosystem.
Katapult reiterated its full-year 2025 outlook, expecting gross originations growth of 15-20% year-over-year, revenue growth of 15-20% year-over-year, and Adjusted EBITDA of at least $10 million. For the second quarter of 2025, the company anticipates gross originations growth of 20-25% year-over-year, revenue growth of 15-20% year-over-year, and Adjusted EBITDA between $2.0 million and $2.5 million.
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