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Katapult Holdings Reports Third Quarter 2026 Results
- KPLT
- KPLTW
First Quarter with Combined Company Operations; Integration Well Underway
Approximately $30 Million in Annualized Cost Synergies Identified
Company Issues Fourth Quarter 2026 Outlook
ATLANTA, Nov. 12, 2026 (GLOBE NEWSWIRE) — Katapult Holdings, Inc. (“Katapult Holdings” or the “Company”) (NASDAQ: KPLT), a scaled, technology and data-driven platform serving nonprime consumers seeking greater financial flexibility, today reported its financial results for the third quarter ended September 30, 2026.
“Our first quarter with combined company operations marks an important milestone for Katapult Holdings and was defined by speed of execution,” said Cory Miller, CEO of Katapult Holdings. “Since closing the merger in August, our teams have hit the ground running, and I want to thank everyone across our brands for their hard work and dedication. We’ve already identified approximately $30 million in annualized cost synergies and we’re building on that, with revenue opportunities across the business. We’re also putting our technology and data to work across our brands to help us approve the right customers and lower our cost to serve them. At the same time, we are focused on our plans to optimize our balance sheet with the goal of reducing our cost of funding. We believe the work we’ve done positions us to transform Katapult Holdings into a trusted destination for nonprime consumers and create long-term value for all our stakeholders.”
Factors Affecting Comparability to Prior Periods
On August 11, 2026, Katapult Holdings completed its business combination with The Aaron’s Company, Inc. (“Aaron’s”) and CCF Holdings, LLC (“CCFI”) through a series of merger transactions (the “Mergers”). Our financial results for the third quarter of 2026 are not directly comparable to the Company’s prior year results due to the Mergers. Based on the accounting treatment for the Mergers, the financial results in this press release reflect: (i) Q3 2026 financial and certain operating results that include CCFI, which comprises the Consumer Finance segment, for the full quarter, and the Aaron’s and Katapult businesses, which comprise the Lease-to-Own & Retail segment, only for the period beginning on August 11, 2026; and (ii) Q3 2025 financial and operating results that only include CCFI and its consolidated subsidiaries. These factors will impact year-over-year comparability for our Consolidated and Lease-to-Own & Retail segment financial results through the end of the third quarter of 2027. Additional information regarding the Mergers is included in the notes to our condensed consolidated financial statements in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 that we will file with the Securities and Exchange Commission.
