Katapult Holdings, Inc. (KPLT) Balance Sheet
KPLT balance sheet, 2025
December 31, 2025 · U.S. dollars$107.9M assets = $145.9M liabilities + −$38.1M equity
Liabilities exceed assets: shareholders’ equity is negative (−$38.1M).
Both columns are drawn to the same scale: what KPLT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KPLT financial health
Descriptive bands, not a rating. Fiscal 2025.
KPLT balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $21.0M2018 | $107.9M2025 | +26.3%/yr | |
| Total liabilities | $42.6M2018 | $145.9M2025 | +19.2%/yr | |
| Shareholders’ equity | −$21.6M2018 | −$38.1M2025 | — | |
| Cash & short-term investments | $1.5M2018 | $22.4M2025 | +47.6%/yr | |
| Total debt | $35.8M2018 | $81.6M2025 | +12.5%/yr | |
| Net cash (debt) | −$34.3M2018 | −$59.2M2025 | −$24.9M | |
| Working capital | $13.7M2018 | −$12.4M2025 | −$26.0M | |
| Current ratio | 2.992018 | 0.892025 | −2.09 | |
| Debt / equity | 184.412020 | 3.962021 | −180.45 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KPLT assets
KPLT liabilities and equity
KPLT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KPLT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $22.4M | $3.5M | $21.4M | $65.4M | $92.5M | $252,293 | $7.5M | $1.5M |
| Cash & equivalents | $22.4M | $3.5M | $21.4M | $65.4M | $92.5M | $1,044 | $7.5M | $1.5M |
| Short-term investments | — | — | — | — | — | $251.2M | $250.6M | — |
| Receivables | $0 | $0 | $5.0M | $0 | $2.0M | $1,343 | $924,000 | $1.1M |
| Inventory | $0 | $0 | $0 | $0 | $8.2M | $5.2M | −$924,000 | $1 |
| Other current assets | $82.8M | $86.9M | $71.2M | $61.4M | $61.8M | $0 | $41.2M | $17.9M |
| Total current assets | $105.2M | $90.4M | $97.6M | $126.8M | $164.4M | $1,126 | $48.7M | $20.5M |
| Property, plant & equipment (net) | $502,000 | $636,000 | $1.2M | $1.3M | $576,000 | $330,000 | $179,000 | $156,000 |
| Goodwill & intangible assets | $2.1M | $2.1M | $1.9M | $1.8M | $1.1M | $336 | $49,000 | $54,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $251.2M | $0 | $0 |
| Other non-current assets | $15,000 | $91,000 | $91,000 | $91,000 | $91,000 | $0 | $125,000 | $298,000 |
| Total assets | $107.9M | $93.2M | $100.9M | $130.1M | $166.2M | $252,375 | $49.0M | $21.0M |
| Liabilities | ||||||||
| Accounts payable | $1.9M | $1.5M | $903,000 | $1.3M | $2.0M | $1.7M | $920,000 | $1.1M |
| Short-term debt | $81.2M | $115.3M | $3.9M | $25.4M | $100.2M | $0 | $15.8M | — |
| Deferred revenue | $4.9M | $4.8M | $4.9M | $4.2M | $2.1M | $2.7M | −$16.6M | — |
| Total current liabilities | $117.6M | $138.7M | $42.3M | $50.1M | $16.1M | $171 | $26.1M | $6.9M |
| Long-term debt | $0 | $0 | $85.8M | $80.7M | $61.2M | $44.8M | $0 | $0 |
| Lease obligations | $2.9M | $623,000 | $911,000 | $827,000 | $2.7M | — | — | — |
| Other long-term liabilities | $28.3M | $1.3M | $709,000 | $1.3M | $48.0M | $0 | $46.9M | $35.8M |
| Total liabilities | $145.9M | $140.0M | $128.9M | $132.1M | $125.4M | $9,521 | $73.0M | $42.6M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | — | — | $150.5M | $10,000 | $10,000 | $237,854 | $9,000 | $1,000 |
| Retained earnings (deficit) | −$147.1M | −$148.5M | −$122.5M | −$85.9M | −$36.8M | $447 | −$80.6M | −$59.3M |
| Accumulated other comprehensive income | — | — | −$28.0M | −$2.1M | $40.8M | $198.1M | $230.0M | — |
| Total shareholders' equity | −$38.1M | −$46.8M | −$28.0M | −$2.1M | $40.8M | $242,854 | −$23.9M | −$21.6M |
| Key figures | ||||||||
| Total debt | $81.6M | $115.7M | $90.3M | $106.5M | $161.5M | $44.8M | $62.7M | $35.8M |
| Net cash (debt) | −$59.2M | −$112.2M | −$68.9M | −$41.1M | −$69.0M | −$44.5M | −$55.2M | −$34.3M |
| Working capital | −$12.4M | −$48.3M | $55.3M | $76.7M | $148.3M | $955 | $22.6M | $13.7M |
| Tangible book value | −$40.2M | −$48.9M | −$29.9M | −$3.9M | $39.7M | $242,518 | −$24.0M | −$21.7M |
| Current ratio | 0.89 | 0.65 | 2.31 | 2.53 | 10.20 | 6.59 | 1.87 | 2.99 |
| Quick ratio | 0.19 | 0.02 | 0.62 | 1.31 | 5.86 | 1,483.95 | 0.32 | 0.38 |
| Debt / equity | — | — | — | — | 3.96 | 184.41 | — | — |
| Equity / assets | −35.3% | −50.2% | −27.8% | −1.6% | 24.6% | 96.2% | −48.9% | −102.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $18.0M | $22.3M | $22.4M | $3.4M | $3.7M | $6.0M | $3.5M | $25.9M | $33.7M | $31.2M | $28.8M | $32.2M |
| Cash & equivalents | $18.0M | $22.3M | $22.4M | $3.4M | $3.7M | $6.0M | $3.5M | $25.9M | $33.7M | $31.2M | $28.8M | $32.2M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.0M | $5.0M | $5.0M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $80.7M | $79.0M | $82.8M | $79.7M | $84.1M | $79.7M | $86.9M | $63.7M | $65.0M | $67.4M | $63.8M | $67.0M |
| Total current assets | $98.8M | $101.3M | $105.2M | $83.1M | $87.8M | $85.7M | $90.4M | $89.5M | $103.8M | $103.6M | $97.6M | $99.2M |
| Property, plant & equipment (net) | $448,000 | $470,000 | $502,000 | $537,000 | $573,000 | $620,000 | $636,000 | $632,000 | $1.0M | $1.1M | $1.2M | $925,000 |
| Goodwill & intangible assets | $2.8M | $2.2M | $2.1M | $2.2M | $2.1M | $2.2M | $2.1M | $1.7M | $1.8M | $1.8M | $1.9M | $2.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $15,000 | $15,000 | $15,000 | $91,000 | $91,000 | $91,000 | $91,000 | $91,000 | $91,001 | $91,000 | $91,000 | $91,000 |
| Total assets | $102.0M | $104.0M | $107.9M | $85.9M | $90.6M | $88.5M | $93.2M | $92.0M | $106.6M | $106.6M | $100.9M | $102.3M |
| Liabilities | ||||||||||||
| Accounts payable | $4.5M | $4.3M | $1.9M | $3.0M | $2.5M | $3.0M | $1.5M | $912,000 | $1.5M | $1.7M | $903,000 | $735,000 |
| Short-term debt | $74.1M | $75.4M | $81.2M | $112.4M | $111.4M | $112.2M | $115.3M | $98.5M | $100.3M | $3.4M | $297,000 | $297,000 |
| Deferred revenue | $5.5M | $5.5M | $4.9M | $5.0M | $5.4M | $5.7M | $4.8M | $4.9M | $5.5M | $5.2M | $2.3M | $2.1M |
| Total current liabilities | $109.8M | $107.6M | $117.6M | $143.8M | $143.9M | $139.2M | $138.7M | $131.0M | $139.0M | $39.2M | $33.5M | $18.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $94.2M | $85.8M | $84.9M |
| Lease obligations | $2.9M | $4.2M | $2.9M | $2.6M | $3.0M | $3.5M | $623,000 | $672,000 | $797,000 | $856,000 | $911,000 | $515,000 |
| Other long-term liabilities | $362,000 | $28.3M | $28.3M | $491,000 | $770,000 | $1.0M | $1.3M | $1.2M | $578,999 | $779,000 | $709,000 | $349,000 |
| Total liabilities | $110.1M | $135.9M | $145.9M | $144.3M | $144.6M | $140.2M | $140.0M | $132.2M | $139.6M | $134.1M | $120.0M | $104.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | $480 | $460 | $460 | $450 | $450 | $0 | — | — | — | $0 |
| Retained earnings (deficit) | −$145.8M | −$141.4M | −$147.1M | −$166.9M | −$162.0M | −$154.1M | −$148.5M | −$138.9M | −$130.0M | −$123.1M | −$113.7M | −$95.1M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | $0 | — | $0 |
| Total shareholders' equity | −$36.0M | −$31.9M | −$38.1M | −$58.4M | −$54.1M | −$51.7M | −$46.8M | −$40.3M | −$32.9M | −$27.5M | −$19.2M | −$1.9M |
| Key figures | ||||||||||||
| Total debt | $74.5M | $75.8M | $81.6M | $112.8M | $111.8M | $112.6M | $115.7M | $98.9M | $100.8M | $98.0M | $86.8M | $85.5M |
| Net cash (debt) | −$56.4M | −$53.4M | −$59.2M | −$109.4M | −$108.2M | −$106.7M | −$112.2M | −$73.0M | −$67.0M | −$66.8M | −$58.0M | −$53.3M |
| Working capital | −$11.0M | −$6.3M | −$12.4M | −$60.7M | −$56.1M | −$53.5M | −$48.3M | −$41.5M | −$35.2M | $64.4M | $64.2M | $80.3M |
| Tangible book value | −$38.8M | −$34.1M | −$40.2M | −$60.6M | −$56.2M | −$53.8M | −$48.9M | −$42.0M | −$34.7M | −$29.3M | −$21.1M | −$3.9M |
| Current ratio | 0.90 | 0.94 | 0.89 | 0.58 | 0.61 | 0.62 | 0.65 | 0.68 | 0.75 | 2.65 | 2.92 | 5.25 |
| Quick ratio | 0.16 | 0.21 | 0.19 | 0.02 | 0.03 | 0.04 | 0.02 | 0.20 | 0.28 | 0.92 | 1.01 | 1.70 |
| Equity / assets | −35.3% | −30.7% | −35.3% | −67.9% | −59.7% | −58.4% | −50.2% | −43.8% | −30.9% | −25.8% | −19.0% | −1.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 11, 2026); data from EODHD.
KPLT financial position
At the end of fiscal 2025 (December 31, 2025), Katapult had total assets of $107.9 million (up 15.8% from a year earlier), total liabilities of $145.9 million and shareholders' equity of -$38.1 million. It held $22.4 million in cash and short-term investments against $81.6 million of debt, net debt of $59.2 million. Its current ratio was 0.89. In the latest quarter (ended June 30, 2026) total assets were $102.0 million and equity -$36.0 million.
Related: KPLT income statement, KPLT cash flow statement, KPLT key metrics. See the KPLT stock overview for the latest quote and news.
KPLT balance sheet FAQ
What are Katapult's total assets?
Katapult reported total assets of $107.9 million at the end of fiscal 2025 (December 31, 2025), compared with $93.2 million a year earlier.
How much debt does Katapult have?
Katapult had $81.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Katapult have?
Katapult held $22.4 million in cash and short-term investments at the end of fiscal 2025; with $81.6 million of debt that is net debt of $59.2 million.
What is Katapult's book value?
Katapult's shareholders' equity (book value) was -$38.1 million at the end of fiscal 2025.
What is Katapult's current ratio?
Katapult had current assets of $105.2 million and current liabilities of $117.6 million, a current ratio of 0.89 (current liabilities exceed current assets).
How much goodwill does Katapult have?
Katapult carried $2.1 million of goodwill and intangible assets, 2.0% of total assets, at the end of fiscal 2025.