Katapult Holdings, Inc.

KPLT
Country: United StatesPrice: $8.83Market Cap: $749.2M

Investment snapshot

12%positive consensus
Scored 1d ago

Positive

2

BUY / PASS

Neutral / negative

2 / 12

NEUTRAL / FAIL

Median fair value

$489.38

+5442.3% vs price

Models with upside

2 / 17

Positive margin of safety

Strongest signal

KPLT undervalued: all 2 models price fair value above $8.83 (median $489.38)

Key risk

All 13 investors flag KPLT's valuation

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILPASSFAILNot rankedPASSFAILFAILFAILFAILFAILFAILFAILFAILNEUTRALFAILFAILNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/A+97.9%N/AN/AN/AN/AN/A+98.4%N/AN/AN/AN/AN/AN/AN/AN/AN/A
Financial Basis

TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Annual history · FY 2025

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-06-30 · TTM ended 2026-06-30 vs 2025-06-30 · TTM ended 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-11

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-11

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-11-01

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-03-11

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-06-30 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Qualitative assessment

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-11-01

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-11

Score computed: 2026-11-14

TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

TTM ended 2026-06-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Where It Passes

  • Valuation models100% pass✓ 2▾

    KPLT undervalued: all 2 models price fair value above $8.83 (median $489.38)

    Buffett fair value$410.80
    ✓Buffett+97.9% margin vs $8.83
    Pabrai fair value$567.97
    ✓Pabrai+98.4% margin vs $8.83

Where It Falls Short

  • Valuation0% pass✗ 28▾

    All 13 investors flag KPLT's valuation

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio
    ✗Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value-0.1%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-0.1%, ROC=None
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)
    ✗Dreman< 8x
    Price / Book Value per Share
    ✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Valuation Reasonableness
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldFCF Yield=-1.6%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical Average
    ✗MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share
    ✗Ackman<= 25
    Price vs. Trailing Low175% of trailing low ($5.04)
    ✗Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization+2.16%; #2679/6340 (top 42.3%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization-0.0481; #5589/6449 (top 86.7%)
    ✗AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+0.4027; #2918/5247 (top 55.6%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization-0.35%; #2592/4519 (top 57.4%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date+45.47%; #720/6202 (top 11.6%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Growth0% pass✓ 3✗ 10▾

    No clean pass — all 8 investors flag at least one growth criterion

    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthN/A (no inventory)
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction
    ✗DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency3/7 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth11.6%
    ✓Ackman>= 5%
    Positive EPS Growth Frequency
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 18.8% -> 17.7%, operating margin -8.5% -> -0.2%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR3.4%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Debt & Leverage8% pass✓ 1✗ 14▾

    11 of 12 flag KPLT's debt & leverage — Graham, Buffett, Lynch +8 more

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: N/A (negative equity), IC: 0.2x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / EquityN/A (negative equity)
    ✗Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities0.90
    ✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity
    ✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
    Debt LevelsN/A (non-positive equity)
    ✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=0.2x, D/EBITDA=0.4x
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity
    ✗Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)
    ✗AsnessTop 30% of eligible cross-section
  • Cash Flow10% pass✓ 1✗ 11▾

    9 of 10 flag KPLT's cash flow — Lynch, Piotroski, Dreman +6 more

    Free Cash Flow Proxy$165.6M
    ✓BuffettPositive and growing
    FCF Positive and Growing$-2.6M
    ✗LynchPositive and growing
    Operating Cash Flow$-11.9M
    ✗PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=-11.06%, ROA=1.27%
    ✗PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)
    ✗Dreman< 8x
    P/E or FCF YieldFCF Yield=-1.6%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive1/7 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap
    ✗Ackman>= 4%
    Price / FCF per Share
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency1/7 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$-2.6M
    ✗Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization-0.35%; #2592/4519 (top 57.4%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Profitability13% pass✓ 8✗ 27▾

    14 of 16 flag KPLT's profitability — Graham, Buffett, Lynch +11 more

    Positive EPS (10 years)2/8 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)3/8 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)119.5%
    ✓Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)-0.2% (latest)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$165.6M
    ✓BuffettPositive and growing
    Earnings Variance (10-yr CoV)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROEN/A (negative equity)
    ✗Lynch> 15%
    EBIT / Enterprise Value-0.1%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-0.1%, ROC=None
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets1.27%
    ✓PiotroskiROA > 0
    ROA Change YoY-27.81% -> 1.27% (delta: +29.08%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=-11.06%, ROA=1.27%
    ✗PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY18.5% -> 17.7%
    ✗PiotroskiImproved YoY
    Pre-Tax Income / Revenue5.5%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity
    ✗Dreman> 12%
    Margin of Safety
    ✗PabraiP/B < 1.5 or P/E < 15
    Return on Equity119.5% (3-yr avg)
    ✓AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency3/7 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue1.3%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend-8.5% (2023) -> -0.2% (2025)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 18.8% -> 17.7%, operating margin -8.5% -> -0.2%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization+2.16%; #2679/6340 (top 42.3%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+54.70%; #565/3702 (top 15.3%)
    ✓AsnessTop 30% of eligible cross-section
    Net income / positive book equity
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.2168; #4307/5884 (top 73.2%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years2/7 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Verdicts14% pass✓ 2✗ 12▾

    Split decision: 12 FAIL · 2 PASS · 2 NEUTRAL

    Overall verdict
    ✗GrahamFAIL (1/9)✓BuffettPASS (4/9)✗LynchFAIL (1/7)•GreenblattNot ranked✓PiotroskiPASS (F-Score 5)✗DremanFAIL (0/11)✗MungerFAIL (1/4)✗PabraiFAIL (0/3)✗AkreFAIL (2/6)✗MarksFAIL (0/5)✗AckmanFAIL (2/9)✗TempletonFAIL (2/8)✗SleepFAIL (2/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (1/6)✗SchlossFAIL (0/7)•OshaughnessyNEUTRAL (Not ranked)
  • Efficiency25% pass✓ 4✗ 7▾

    6 of 8 flag KPLT's efficiency — Graham, Greenblatt, Dreman +3 more

    Current Ratio0.90
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)64.8%
    ✓Buffett> 10%
    ROIC - WACC+54.8%
    ✓BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)
    ✗Greenblatt> 25%
    Current Ratio Change YoY0.65 -> 0.89
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY2.65x -> 2.70x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities0.90
    ✗Dreman> 1.5
    Return on Invested Capital8.0%
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=-45.9%; FY2024: ROIC=unavailable; FY2025: ROIC=unavailable
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/3 years above 12% (latest -45.9%)
    ✗SleepROIC > 12% in a majority of years

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Business Services
Size: Small Cap($749.2M)
Revenue: $291.8M+18.0% YoY
Net Income: $1.4M+105.3% YoY

Financial Snapshot

Operating Margin-0.2%
Return on Equity-3.6%
Debt / Equity0.00
Current Ratio0.89
EPS (Diluted)$-0.11

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM · 2026-09-30

2025-10-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: revenue, net income, operating income, gross profit, ebit, pre tax income, interest expense, operating cash flow, depreciation amortization, capex.

Q3 FY 2026

2026-07-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, capex.

Q2 FY 2026

2026-04-01 – 2026-06-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization, capex.

Q1 FY 2026

2026-01-01 – 2026-03-31

Sources
FY 2025
Sources
  • 10-K · 2026-03-11
FY 2024
Sources
  • 10-K · 2025-03-28
FY 2023
Sources
  • 10-K · 2024-04-24
FY 2022
Sources
  • 10-K · 2024-04-24
FY 2021
Sources
  • 10-K · 2022-03-15
Market Cap$749.2Mcurrent--------$40.9Mest.$43.9Mest.$2.4Best.$6.3Best.
Revenue$981.6M↑250%$753.9M↑918%$74.8M↑4%$79.0M↑10%$291.8M↑18%$247.2M↑12%$221.6M↑6%$209.5M↓31%$303.1M
Operating Income$26.2M↑708%$24.9M↑909%-$1.9M↓37%$4.3M↑909%-$513.0K↑94%-$8.1M↑57%-$18.8M↑34%-$28.4M↓1816%$1.7M
Net Income-$6.7M↑76%-$27.8M↓462%-$4.4M↑44%$5.7M↑200%$1.4M↑105%-$25.9M↑29%-$36.7M↑9%-$40.5M↓291%$21.2M
EPS (Diluted)--$-0.38↑60%$-1.41↑13%$0.07↑106%$-0.11↑98%$-5.96↑34%$-8.97↓2200%$-0.39↓250%$0.26
Gross Margin48.8%↑189%58.1%↑195%15.4%↓1%23.0%↑15%17.7%↓4%18.5%↓2%18.8%↑5%17.9%↓39%29.4%
Operating Margin2.7%↑274%3.3%↓1%-2.6%↓32%5.5%↑836%-0.2%↑95%-3.3%↑61%-8.5%↑38%-13.6%↓2583%0.5%
ROE-23.8%↓150%———-3.6%↓106%55.4%↓58%131.0%↓93%1959.0%↑1539%119.5%
Total Debt$2.0B↑6266%$2.0B↑6266%$74.1M↑162%$71.6M↑127%$0↓100%$30.0M↓50%$60.3M↓32%$88.5M↑60%$55.2M
Shareholders' Equity$28.1M↑148%$28.1M↑148%-$36.0M↑33%-$31.9M↑38%-$38.1M↑19%-$46.8M↓67%-$28.0M↓1255%-$2.1M↓112%$17.7M
Current Ratio——0.90↑47%0.94↑53%0.89↑37%0.65↓72%2.31↓38%3.73↓42%6.42
Debt / Equity69.47↑13333%69.47↑13333%-2.06↓293%-2.24↓268%0.00↑100%-0.64↑70%-2.16↑95%-42.85↓1478%3.11
Operating Cash Flow$484.0M↑1847%$490.6M↑12190%-$6.1M↑8%$12.2M↑255%-$11.9M↑63%-$32.6M↓87%-$17.4M↑16%-$20.8M↓1063%$2.2M
Free Cash Flow$462.6M↑1767%$469.2M↑11666%-$6.1M↑8%$12.2M↑257%-$12.0M↑63%-$32.6M↓87%-$17.4M↑17%-$21.0M↓1279%$1.8M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Business Services

KPLT vs Peers — Financial Grading

Revenue$291.8MBottom 25%
Net Income$1.4MMedian
ROE-3.6%Bottom 25%
D/E0.00Top 25%
Op. Margin-0.2%Bottom 25%
Curr. Ratio0.89Bottom 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
AUTOMATIC DATA PROCESSING INCADP$122.3B$309.93$21.9B$4.4B73.2%0.8224.2%1.054/95/93/70/3F-Score 65/11
ELECTRONIC ARTS INC.EA$52.9B$209.70$7.5B$887.0M13.1%0.2215.4%1.051/94/94/70/3F-Score 66/11
Rubrik, Inc.RBRK$22.6B$109.88$1.3B$348.8M67.1%—-26.2%1.691/90/92/70/3F-Score 62/11
AECOMACM$9.1B$70.50$16.1B$561.8M22.5%1.096.4%1.141/93/93/71/3F-Score 82/11
COMMVAULT SYSTEMS INCCVLT$6.2B$152.07$1.2B$70.7M942.8%—6.3%1.951/92/94/70/3F-Score 66/11
WPP plcWPP$6.0B$27.79$18.2B$289.5M-8.5%1.942.8%0.891/92/91/70/3F-Score 32/11
VARONIS SYSTEMS INCVRNS$5.6B$48.94$623.5M$129.3M-21.6%0.76-23.5%1.971/90/91/70/3F-Score 51/11
ROBERT HALF INC.RHI$4.3B$42.00$5.4B$133.0M10.4%—1.4%1.532/95/91/70/3F-Score 52/11