Highlights

  • Catapult Sports Ltd (ASX:CAT) reported FY26 Revenue of US$140.7 million.
  • Annualised contract value reached US$133.8 million, while management EBITDA increased to US$24.7 million.
  • The company expanded its product portfolio through the Perch and IMPECT acquisitions during FY26.
  • At the time of writing this article on October 7, 2026, CAT was trading at AUD 3.18, up 1.27% during today’s trading session.

At the time of writing this article on October 7, 2026, Catapult Sports Ltd (ASX:CAT) was trading at AUD 3.18, up 1.27% during today’s trading session. Catapult develops technology used by professional and collegiate sports teams for athlete monitoring, video analysis, coaching and recruitment workflows. The company’s FY26 results showed higher revenue, annualised contract value and management EBITDA, while acquisitions broadened its performance and scouting capabilities. Catapult is being reviewed as it enters FY27 with a larger product portfolio and an operating model increasingly focused on subscription software economics.

Company Business

Catapult operates across Performance & Health, Tactics & Coaching, Management and Professional Services. Performance & Health includes wearable and tracking technology that measures athlete load, effort and fatigue. Tactics & Coaching includes video-analysis tools used for review, replay and tactical preparation. The Management Business provides recruitment software, while Professional Services supports customers in using the company’s technology. Catapult serves sports organisations globally and reports in US dollars. Its model includes subscription software, hardware and related services, with annualised contract value used as an important measure of contracted recurring business.

Recent Development

Catapult completed the Acquisition of Perch in June 2025 and IMPECT in October 2025, with both contributing to the FY26 product portfolio. In July 2026, the company launched IMPECT video scouting, extending its recruitment and analysis capabilities. At its August annual general meeting, management reaffirmed guidance and discussed the company’s operating priorities. These developments follow FY26 results released in May, which showed higher revenue and management EBITDA. The company’s strategy remains centred on expanding customer use across multiple products, improving Operating Leverage and integrating acquired technology into the broader platform.

Financial Performance and Sector Context

For the year ended 31 March 2026, Catapult reported statutory revenue of US$140.7 million, up 20.8% on FY25. Gross Profit was US$112.9 million. Annualised contract value reached US$133.8 million, while management EBITDA increased to US$24.7 million from US$14.8 million. Management EBITDA Margin was 17.6%. Statutory net loss was US$24.0 million, reflecting items including share-based payments and acquisition-related compensation and expenses. No Dividend was paid for FY26. The result shows improving management operating profit alongside continued differences between adjusted operating measures and statutory earnings, which is important when assessing the company’s cash and profitability profile.

Risks to Consider

Catapult faces customer-retention, acquisition-integration, competition and foreign-currency risks. Professional sports teams can have concentrated procurement decisions, and customer budgets may vary by league or geography. The company must keep its hardware and software technically relevant while maintaining secure handling of athlete and team data. Acquisitions add product capability but can also increase integration costs and share-based compensation. Because Catapult reports in US dollars while its ASX shares trade in Australian dollars, currency movements can affect how investors interpret reported performance.

What to Watch Next

Key monitoring points include annualised contract value growth, customer retention, management EBITDA margins and statutory cash generation. Investors may also follow the integration of Perch and IMPECT and whether cross-selling increases contract value per customer. The company has scheduled 1H FY27 results for November 2026, which should provide the next major update on subscription growth and margins. Product launches in scouting and performance analytics will be relevant where they produce additional Recurring Revenue without a proportionate increase in fixed costs.

Key Insights

Catapult’s FY26 result showed higher revenue, annualised contract value and management EBITDA, supported by subscription growth and a broader product portfolio. Statutory Earnings remained negative, partly because of acquisition-related and share-based expenses. The central measures for the next period are ACV growth, retention, operating leverage, acquisition integration and cash generation. These metrics will indicate whether the company’s expanded sports-technology platform is translating into more consistent financial returns.