Katapult Holdings, Inc. $KPLT

What the company doesAI summary of filing

Katapult Holdings, Inc. is a technology-driven lease-to-own platform that enables underserved, nonprime U.S. consumers to acquire durable goods through flexible lease-purchase agreements integrated with omnichannel retailers and e-commerce platforms. The company generates revenue primarily from recurring payment streams related to lease payments with consumers, with customers selecting lease terms ranging from weekly to monthly payments with the option to purchase or return items at any time. Katapult operates in 46 states and the District of Columbia and serves customers through four channels: direct merchant integration, waterfall financing platform partnerships, a mobile app with KPay virtual card technology, and in-store point-of-sale integration. The company is revenue-generating and has entered into a definitive merger agreement with CCFI and Aaron's expected to close in the second quarter of 2026. [10-K 2026-03-11]