Katapult Provides Update on Fourth Quarter Performance – Gross Originations Grow Double-Digits Year-Over-Year

Core Insights - Katapult Holdings, Inc. reported gross originations of approximately $75.2 million for Q4 2024, marking an 11.3% year-over-year increase, surpassing the company's previous growth outlook of 6-8% [2] - This quarter represents the ninth consecutive quarter of year-over-year growth in gross originations and the second highest level in the company's history [2] - The strong performance was attributed to a successful holiday season, with significant engagement from both new and existing customers [2] Company Performance - The total lease application volume grew approximately 50% year-over-year, with new customer lease applications increasing by about 51% and existing customer lease applications by 50% [6] - Approximately 61.5% of gross originations in Q4 2024 came from repeat customers, indicating strong customer retention [6] - Engagement with Katapult Pay® (KPay) and the mobile app saw gross originations grow approximately 52% year-over-year [6] Strategic Outlook - The company aims to leverage its ecosystem to drive consumer engagement and sales for merchant partners, positioning itself well for future growth [2] - The launch of the app and KPay in late 2022 has transformed the company's go-to-market strategy, creating a roadmap for continued growth in both direct-to-merchant and direct-to-consumer channels [2]