Exhibit 99.5

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION OF
KATAPULT HOLDINGS, INC.

Certain terms used below, but not otherwise defined, in this section shall have the meanings ascribed to them elsewhere in the Registration Statement on Form S-4 and information statement filed on June 18, 2026.

The following unaudited pro forma condensed combined financial information presents the financial information of CCFI (as the accounting acquirer), adjusted to give effect to the Mergers and the Contributions, a financing agreement for a senior secured delayed draw term loan, which was funded at closing, and an increased commitment on the Sparrow Term Loan (the “Debt Financing”), Purchase of Preferred Stock (as defined below), and the exercise of the Katapult Private Warrants (collectively the “Transactions”). The following unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X.

The unaudited pro forma condensed combined balance sheet is presented as if the Transactions had occurred on June 30, 2026, and the unaudited condensed combined statement of operations for the six months ended June 30, 2026 and year ended December 31, 2025 are presented to give effect to the Transactions as if they occurred on January 1, 2025. The historical consolidated financial statements of CCFI, Aaron’s and Katapult have been adjusted to depict the accounting for the Transactions in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The pro forma adjustments are based upon available information and certain assumptions that management believes are reasonable under the circumstances. All adjustments are preliminary and subject to change. The pro forma adjustments include those related to the accounting for the Mergers and the Contributions (“Transaction Accounting Adjustments”), the Debt Financing (“Financing Adjustments”), the Purchase of Preferred Stock, and the exercise of the Katapult Private Warrants (collectively, the “Adjustments”).

The unaudited pro forma condensed combined financial information and related notes are provided for illustrative purposes only and do not purport to represent what the combined organization’s actual results of operations or financial position would have been had the Transactions been completed on the dates indicated, nor are they necessarily indicative of the combined organization’s future results of operations or financial position for any future period. The pro forma adjustments may be revised as additional information becomes available and is evaluated. It is likely that the actual adjustments will differ from the pro forma adjustments, and it is possible the differences may be material.

The Mergers and the Contributions, Debt Financing, and Purchase of Preferred Stock are each described in detail below.

The Mergers and the Contributions

On December 11, 2025, Katapult entered into a Merger Agreement, by and among Merger Sub 1, Merger Sub 2, CCFI, and Aaron’s, pursuant to which (i) Merger Sub 1 merged with and into Aaron’s, (ii) Merger Sub 2 merged with and into CCFI and (iii) upon the consummation of the Mergers, each of Merger Sub 1 and Merger Sub 2 ceased to exist, and each of Aaron’s and CCFI became a wholly owned subsidiary of Katapult.

Pursuant to the terms and conditions of the Merger Agreement:

Following the close of the transaction on August 11, 2026, the existing Katapult stockholders, CCFI unitholders and Aaron’s stockholders held 5.9%, 80.0% and 14.1%, respectively, of the issued and outstanding shares (based on 5,137,329 outstanding shares of Katapult Common Stock as of June 30, 2026, inclusive of the exercise of the Katapult Private Warrants and cancellation of Katapult Common Stock pursuant to earn out conditions triggered by the Mergers) of the combined organization.

See the table below for the amount of issued and outstanding preferred and common stock of Katapult on an actual and pro forma basis upon consummation of the Mergers and the Contributions.

The Mergers will be accounted for as reverse mergers using the acquisition method of accounting, pursuant to ASC Topic 805, Business Combinations (“ASC 805”), with Katapult treated as the legal acquirer and CCFI treated as the accounting acquirer of Katapult and Aaron’s. CCFI has been determined to be the accounting acquirer primarily based on an evaluation of the following facts and circumstances:

ASC 805 requires the allocation of the purchase price consideration to the fair value of the identified assets acquired and liabilities assumed upon consummation of a business combination. Accordingly, the total purchase price to acquire Aaron’s and Katapult will be allocated to the assets acquired and assumed liabilities of Aaron’s and Katapult based upon their fair values. Any excess amounts, after allocating the purchase consideration to identifiable tangible and intangible assets acquired and liabilities assumed, will be recorded as goodwill; however, the net assets of CCFI will continue to be recognized at historical cost. The process of valuing the net assets of Aaron’s and Katapult at the closing date, the allocation of the consideration transferred, as well as evaluating accounting policies for conformity, is preliminary and represents the current best estimate and is subject to revision. The unaudited pro forma condensed combined financial information was prepared using preliminary estimates, and actual results may differ materially from the information presented.

Debt Financing

In connection with the Closing, on August 11, 2026, Katapult entered into a term loan agreement for senior secured term loan facilities in an aggregate principal amount of up to $200.0 million, consisting of (i) an initial term loan facility in an aggregate principal amount of $121.7 million, which was funded in full on August 11, 2026, and (ii) a delayed draw term loan facility in an aggregate principal amount of up to approximately $78.0 million. Borrowings under the term loan agreement bear interest at a rate of 15.0% per annum payable in cash and 5.0% per annum payable as paid-in-kind interest.

Further, in connection with the Transactions, on August 10, 2026, CCFI entered into a fifth amendment to the agreement for the Sparrow Term Loan to amend certain covenants and provisions. The primary provisions of this amendment increased the maximum commitment by $25.0 million to $75.0 million, increased the blended interest rate to 16.6%, and extended the maturity date.

The Debt Financing, together with cash on hand, is assumed to be sufficient for purposes of financing the expenses in connection with the Transactions. These assumptions and expectations are subject to change, and the debt issuance costs to be incurred and related interest expense could vary significantly from what is assumed in the unaudited pro forma condensed combined financial information. Other factors that are subject to change include, but are not limited to, the timing of borrowings, the amount of cash on hand at the time of the closing, and inputs to interest rate determination on debt instruments issued.

Purchase of Preferred Stock

Additionally, on November 3, 2025, Katapult Intermediate Holdings Inc. entered into (a) a Series A investment agreement with Hawthorn, pursuant to which Katapult issued and sold to Hawthorn an aggregate of 35,000 shares of Series A Convertible Preferred Stock at a purchase price of $1,000 per share, resulting in total gross proceeds to Katapult of $35.0 million, and (b) a Series B investment agreement with Hawthorn, pursuant to which Katapult issued and sold to Hawthorn an aggregate of 30,000 shares of Series B Convertible Preferred Stock at a purchase price of $1,000 per share, resulting in total gross proceeds to Katapult of $30.0 million.

After giving effect to $1.1 million of issuance costs, Katapult received net proceeds of $63.9 million, which were used to repay existing debt and related legal fees, with the remaining proceeds being used by Katapult to sustain its operations. Of the total net proceeds, $11.3 million was allocated to the Series A Preferred Stock and $16.6 million was allocated to the Series B Preferred Stock. Further, the contingent redemption feature and the conversion feature of the Preferred Stock represented a compound embedded derivative that was bifurcated from the host preferred stock and accounted for separately as a derivative liability, initially measured at its issuance-date fair value of $31.0 million. The remainder of the net proceeds was allocated to the Katapult Private Warrants. As of June 30, 2026, the derivative liability was remeasured at a fair value of $8.7 million, and Katapult recognized a gain of $4.9 million and $17.4 million due to the change in fair value during the six months ended June 30, 2026 and the year ended December 31, 2025, respectively. The issuance of Preferred Stock and use of proceeds, along with the remeasurement of the derivative liability, are reflected in Katapult’s historical financials.

On December 11, 2025, a side-letter agreement was signed between Katapult and Hawthorn in which Hawthorn agreed to sell all 65,000 shares of Preferred Stock to Katapult, effective immediately prior to the Aaron’s MIP Exchange (“Purchase of Preferred Stock”).

In connection with the Closing, on August 11, 2026, Katapult entered into a term loan agreement for a senior secured term loan facility in an aggregate principal amount of $74.7 million to fund the Purchase of the Preferred Stock. Borrowings under the term loan agreement bear interest at a rate of 15.0% per annum.

Upon completion of the Purchase of the Preferred Stock, the Preferred Stock and related derivative liability are no longer outstanding. The Hawthorn Side Letter also required that Hawthorn exercise the Katapult Private Warrants to purchase common stock of Katapult expiring March 6, 2030, as re-issued on July 21, 2025, and expiring June 12, 2032, issued on June 12, 2025, on a cashless basis in full for 645,247 shares of Katapult Common Stock, and Katapult shall issue such shares of Katapult Common Stock, such that, as of immediately prior to each of the Aaron’s MIP Exchange and the CCFI MIP Exchange, no Katapult Private Warrants were outstanding. The following unaudited pro forma condensed combined financial information gives effect to the issuance of a new $75.0 million debt instrument, settlement of the Preferred Stock and embedded derivative liability, and exercise of the Katapult Private Warrants.

Unaudited Pro Forma Condensed Combined Balance Sheet

As of June 30, 2026

(in thousands)

¹See page 2 for the numbers of Preferred stock and Common stock of Katapult issued and outstanding on an actual and pro forma basis.

See accompanying notes to unaudited pro forma condensed combined financial information.

Unaudited Pro Forma Condensed Combined Statement of Operations

For the six months ended June 30, 2026

(in thousands, except per share amounts)

See accompanying notes to unaudited pro forma condensed combined financial information

Unaudited Pro Forma Condensed Combined Statement of Operations

For the year ended December 31, 2025

(in thousands, except per share amounts)

See accompanying notes to unaudited pro forma condensed combined financial information.

Note 1. Notes to Unaudited Pro Forma Condensed Combined Financial Information

Basis of Presentation

The unaudited pro forma condensed combined financial information was prepared in accordance with Article 11 of Regulation S-X and presents the combined organization’s pro forma financial condition and results of operations based upon the historical financial information after giving effect to the Transactions set forth in the notes to the unaudited pro forma condensed combined financial information. The adjustments presented in the unaudited pro forma condensed combined financial information have been identified and presented to provide relevant information necessary for an understanding of the combined organization upon consummation of the Transactions.

The unaudited pro forma condensed combined financial information presented does not reflect any cost savings, operating synergies, tax savings, or revenue enhancements that the combined organization may achieve as a result of the business combination.

The accompanying unaudited pro forma condensed combined balance sheet as of June 30, 2026 is presented as if the Transactions had been completed on June 30, 2026. The unaudited pro forma condensed combined statement of operations for the six months ended June 30, 2026 and year ended December 31, 2025 are presented to give effect to the Transactions as if they occurred on January 1, 2025, and were prepared using the historical results of CCFI, Aaron’s and Katapult for the six months ended June 30, 2026 and the year ended December 31, 2025.

The unaudited pro forma condensed combined financial information is prepared using the acquisition method of accounting in accordance with the business combination accounting guidance under ASC 805, with CCFI as the accounting acquirer for the Mergers. Under ASC 805, assets acquired, and liabilities assumed in a business combination are recognized and measured at the merger date fair value. Transaction costs associated with a business combination are expensed as incurred. The excess of consideration over the fair value of assets acquired and liabilities assumed, if any, is allocated to goodwill. Accordingly, the merger consideration allocation and related adjustments reflected in this unaudited pro forma condensed combined financial information are preliminary and subject to revision based on a final determination of fair value.

The pro forma adjustments reflecting the consummation of the Transactions are based on certain currently available information and certain assumptions and methodologies that each of CCFI, Aaron’s and Katapult believes are reasonable under the circumstances. In determining the preliminary estimate of fair values of assets acquired and liabilities assumed of Aaron’s and Katapult, publicly available benchmarking information was used as well as a variety of other assumptions, including market participant assumptions. The pro forma purchase price allocation relating to the Mergers is preliminary and subject to change, as additional information becomes available and as additional analyses are performed. There can be no assurances that the valuations will not result in material changes to this purchase price allocation. Any increase or decrease in fair values of the net assets as compared with the unaudited pro forma condensed combined financial information may change the amount of the total acquisition consideration allocated to goodwill and other assets and liabilities and may impact the unaudited pro forma condensed combined statements of operations due to adjustments in the depreciation and amortization expense of the adjusted assets. The pro forma adjustments, which are described in the following notes, may be revised as additional information becomes available and is evaluated. Therefore, it is likely that the actual adjustments will differ from the pro forma adjustments, and it is possible the differences may be material. Each of CCFI, Aaron’s and Katapult believes that its assumptions and methodologies provide a reasonable basis for presenting all the significant effects of the business combination based on information available to management at this time and that the pro forma adjustments give appropriate effect to those assumptions and are properly applied in the unaudited pro forma condensed combined financial information.

Note 2. Accounting Policies and Reclassifications

During the preparation of this unaudited pro forma condensed combined financial information, management performed a preliminary review of financial information to identify differences in accounting policies and financial statement presentation between CCFI, Aaron’s and Katapult. At the time of preparing the unaudited pro forma condensed combined financial information, other than the reclassifications described herein, management is not aware of any material policy differences. However, the combined organization will continue to perform its detailed review of CCFI’s, Aaron’s and Katapult’s accounting policies. Upon completion of that review, differences may be identified between the accounting policies of CCFI, Aaron’s and Katapult that when conformed could have a material impact on the unaudited pro forma condensed combined financial information. The reclassifications summarized below conform the presentation of CCFI, Aaron’s and Katapult to reflect financial statement line items and presentation of the combined organization.

CCFI Unaudited Pro Forma Condensed Combined Balance Sheet

As of June 30, 2026

(in thousands)

(a) Reclassification from “Card related pre-funding and receivables” to “Other receivables”.

(b) Reclassification from “Security deposits” and “Other assets” to “Prepaid expenses and other assets”.

(c) Reclassification from “Money orders payable” and “Accrued interest” to “Accounts payable and accrued liabilities”.

(d) Reclassification from “Swingline loan”, “Sparrow single-pay facility, net of deferred debt issuance costs”, “Paycheck protection program loans”, “First lien facility, net of deferred debt issuance cost”, “Term loan, net of deferred debt issuance costs”, “Sparrow term loan, net of deferred debt issuance costs”, “Sparrow multi-pay facility, net of deferred debt issuance costs”, “TMX ABL credit facility, net of deferred debt issuance costs”, “Trident ATL loan, net of deferred debt issuance costs”, and “TMX Over-advance credit facility, net of deferred debt issuance costs” to “Debt, net”.

CCFI Unaudited Pro Forma Condensed Combined Statement of Operations

For the six months ended June 30, 2026

(in thousands)

(a) Reclassification from “Finance receivable revenues”, “Credit service fees”, “Check cashing fees”, “Card fees”, and “Other revenues” to “Consumer finance revenues”.

(b) Reclassification from “Provision for credit losses”, “Fair value adjustment of finance receivables”, and “Net charge-offs of finance receivables at fair value” to “Cost of consumer finance revenues”. (c) Reclassification from “Salaries and related expenses”, “Non-cash equity based compensation”, “Occupancy”, “Other expenses”, “Store closure expense”, “Gain on store closure”, “Advertising and marketing”, “Depreciation and amortization”, and “Acquisition expenses” to “Selling, general and administrative expense”.

CCFI Unaudited Pro Forma Condensed Combined Statement of Operations

For the year ended December 31, 2025

(in thousands)

(a) Reclassification from “Finance receivable revenues”, “Credit service fees”, “Check cashing fees”, “Card fees”, and “Other revenues” to “Consumer finance revenues”.

(b) Reclassification from “Provision for credit losses”, “Fair value adjustment of finance receivables”, and “Net charge-offs of finance receivables at fair value” to "Cost of consumer finance revenues”. (c) Reclassification from “Salaries and related expenses”, “Non-cash equity based compensation”, “Transition services expenses”, “Occupancy”, “Other expenses”, “Store closure expense”, “Gain on store closure”, “Advertising and marketing”, “Depreciation and amortization”, and “Acquisition expenses” to “Selling, general and administrative expense”.

Aaron’s Unaudited Pro Forma Condensed Combined Balance Sheet

As of June 30, 2026 (in thousands)  

(a) Reclassification of restricted cash from “Prepaid expenses and other assets” to “Restricted cash”.

(b) Reclassification from “Income tax receivable” and “Loans receivable” to “Other receivables”.

Aaron’s Unaudited Pro Forma Condensed Combined Statement of Operations

For the six months ended June 30, 2026

(in thousands)

(a) Reclassification from “Franchise royalties and other revenues” to “Lease revenues”.

(b) Reclassification from “Non-retail sales” to “Merchandise sales”.

(c) Reclassification of “Provision for lease merchandise write-offs” to “Cost of lease revenues”.

(d) Reclassification from “Non-retail cost of sales” to “Cost of merchandise sales”.

(e) Reclassification from “Personnel costs”, “Other operating expenses, net”, “Restructuring expenses, net”, and “Acquisition-related costs” to “Selling, general and administrative expense”.

(f) Reclassification from “Other non-operating income (expense), net” to “Other expense (income)”.

(g) Reclassification of Interest income from “Other non-operating income (expense), net” to “Interest expense (income), net”.

Aaron’s Unaudited Pro Forma Condensed Combined Statement of Operations

For the year ended December 31, 2025

(in thousands)