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Katapult Holdings, Inc.

KPLT · Nasdaq

1 reporting failure in the last 12 months

Companies at this level ended the following year delisted, bankrupt, restated or silent 9.2% of the time, against 4.0% for companies with a clean record.

$23Mpublic float
2026-09-04most recent failure
2024-04-02declared past accounts unreliable

Score over time

012202220232024202520262022-01-01 · score 22021-05-17 filed late (10-Q) · acquisition or merger2021-04-30 accounts unreliable2022-04-01 · score 22021-05-17 filed late (10-Q) · acquisition or merger2021-04-30 accounts unreliable2023-04-01 · score 12023-03-20 auditor change2023-07-01 · score 12023-03-20 auditor change2023-10-01 · score 12023-03-20 auditor change2024-01-01 · score 12023-03-20 auditor change2024-07-01 · score 22024-04-02 filed late (10-K) · restatement2024-04-02 accounts unreliable2024-10-01 · score 22024-04-02 filed late (10-K) · restatement2024-04-02 accounts unreliable2025-01-01 · score 22024-04-02 filed late (10-K) · restatement2024-04-02 accounts unreliable2025-04-01 · score 22024-04-02 filed late (10-K) · restatement2024-04-02 accounts unreliable2026-10-01 · score 12026-09-04 auditor change

Hover or tap a dot to see the filings behind that score.

Why they said they were late

Katapult Holdings, Inc. (the “Company”) has not been able to compile the requisite financial data and other narrative information necessary to enable it to complete the Company's Annual Report on Form 10-K (the "Form-10-K) for the fiscal year ended December 31, 2023, without unreasonable effort and expense for the reasons described below. On April 1, 2024, during the preparation of the Company’s consolidated financial statements for the year ended December 31, 2023, the Company’s Board of Directors in consultation with Deloitte & Touche LLP (“D&T”), the Company’s independent registered public accounting firm for the year ended December 31, 2022, and Grant Thornton, LLP (“GT”), the Company’s current independent registered public accounting firm, determined that the Company’s revenue, sales tax payable, depreciation expense included in cost of revenue and property held for lease were materially misstated in certain prior periods. The Company’s conclusion was based on management’s determination that it miscalculated its sales tax payable related to certain leases and miscalculated depreciation expense included in costs of revenue for certain leases originated on or before December 31, 2022. The Company performed an assessment of its sales tax liabilities across all jurisdictions for potential additional exposure. As a result of the assessment, the Company determined that it had not recorded a sales tax accrual for certain customer payments resulting in an understatement of sales tax payable and overstatement of rental revenue. In addition, depreciation expense for certain leases originated on or before December 31, 2022 was not included in cost of revenue and was previously recorded as an out-of-period adjustment to the Company’s results for the year ended December 31, 2023. The estimated impact of these restatements is expected to decrease revenue and property held for lease and increase cost of revenue and sales tax payable as discussed below

NT 10-K, filed 2024-04-02 · restatement

What it filed

2026-09-04auditor changed or resigned SEC →

2024-04-02filed late (10-K)restatement SEC →

Katapult Holdings, Inc. (the “Company”) has not been able to compile the requisite financial data and other narrative information necessary to enable it to complete the Company's Annual Report on Form 10-K (the "Form-10-K) for the fiscal year ended December 31, 2023, without unreasonable effort and expense for the reasons described below. On April 1, 2024, during the preparation of the Company’s consolidated financial statements for the year ended December 31, 2023, the Company’s Board of Directors in consultation with Deloitte & Touche LLP (“D&T”), the Company’s independent registered public accounting firm for the year ended December 31, 2022, and Grant Thornton, LLP (“GT”), the Company’s current independent registered public accounting firm, determined that the Company’s revenue, sales tax payable, depreciation expense included in cost of revenue and property held for lease were materially misstated in certain prior periods. The Company’s conclusion was based on management’s determination that it miscalculated its sales tax payable related to certain leases and miscalculated depreciation expense included in costs of revenue for certain leases originated on or before December 31, 2022. The Company performed an assessment of its sales tax liabilities across all jurisdictions for potential additional exposure. As a result of the assessment, the Company determined that it had not recorded a sales tax accrual for certain customer payments resulting in an understatement of sales tax payable and overstatement of rental revenue. In addition, depreciation expense for certain leases originated on or before December 31, 2022 was not included in cost of revenue and was previously recorded as an out-of-period adjustment to the Company’s results for the year ended December 31, 2023. The estimated impact of these restatements is expected to decrease revenue and property held for lease and increase cost of revenue and sales tax payable as discussed below

2024-04-02accounts declared unreliable SEC →

2023-03-20auditor changed or resigned SEC →

2021-06-15auditor changed or resignednot counted — change of control SEC →

2021-05-17filed late (10-Q)acquisition or merger SEC →

FinServ Acquisition Corp. (the “Registrant”) was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the period ended March 31, 2021 (the “Form 10-Q”) by May 17, 2021 and is filing a Form 12b-25 for a 5 day extension deemed necessary for the following reason: On April 12, 2021, the Staff of the U.S. Securities and Exchange Commission (the “SEC”) issued the “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)” (the “SEC Statement”), which clarified guidance for all SPAC-related companies regarding the accounting and reporting for their warrants. The Registrant is currently determining the extent of the SEC Statement's impact on its financial statements, including the financial statements as of and for the fiscal quarter ended March 31, 2021 included in the Form 10-Q. The Registrant anticipates the Form 10-Q will be filed as soon as practicable prior to May 24, 2021

2021-04-30accounts declared unreliable SEC →

About this score

reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.

Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.

See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.

Every item above is a filing this company made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not investment advice

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