Key Highlights

  • Catapult launched IMPECT Video Scouting in July 2026 and has sold it to teams in 20 professional leagues across 13 countries.
  • The company re-affirmed its FY27 outlook, covering ACV growth with low churn, margin improvement and higher free cash flow.
  • FY26 revenue was US$140.7 million, up 19%, and Management EBITDA was US$24.7 million, up 67%.

Catapult Sports Ltd (ASX:CAT) shares were priced at $3.13 during the trading session on 19 October 2026, down 2.49%. Catapult provides sports technology and analytics products to professional teams. On 26 August 2026, the company released an update at its Annual General Meeting that covers progress on IMPECT Video Scouting, a re-affirmed FY27 outlook and the address by its Chief Executive Officer and Managing Director. The price data relates only to the 19 October 2026 session and is separate from the release date.

IMPECT Video Scouting

Catapult launched IMPECT Video Scouting in July 2026, ahead of schedule, to provide professional football teams with a global video scouting solution covering more than 150 leagues in the financial year. Since launch, the company has sold the product to teams in 20 professional leagues across 13 countries in Europe and South America.

More than one third of subscribing teams compete in the top division in their country, including teams in the English Premier League, Spanish La Liga and German Bundesliga. The company also signed agreements with two national federations before the launch.

FY27 outlook

The company re-affirmed its FY27 outlook. It expects annual contract value growth with low churn, continued improvement in cost margins towards targets, and higher free cash flow excluding transaction costs as the business scales. The release does not give numerical FY27 targets.

FY26 results referenced in the CEO address

Total revenue for FY26 was US$140.7 million, up 19%, and the company stated that revenue exceeded A$200 million for the first time when translated into Australian dollars. Annual contract value was US$133.8 million, up 28%, or 18% organically after excluding the ACV acquired through Perch and IMPECT.

Management EBITDA was US$24.7 million, up 67%, at an 18% margin. Free cash flow excluding transaction costs was US$6.5 million, slightly below FY25, which the company linked to the timing of second-half collections affected by acquisitions. It ended FY26 with more than US$53 million of cash and no debt. The address also states that the company serves more than 5,500 teams across over 40 sports and 100 countries, completed three acquisitions in FY26 and added 506 multi-solution teams.

Additional FY26 measures from the CEO address

The address reports that annual contract value retention exceeded 96% and that ACV per professional team exceeded US$30,000 for the first time, up 10%. The company added 506 multi-solution professional teams, growth of 62%, mostly through additional product adoption by existing teams. Incremental profit margin was 41%, or 48% excluding acquisitions, compared with a 30% target, and the Rule of 40 measure was 36% excluding acquired ACV or 46% including it.

Product items include the Vector 8 athlete monitoring system and the Perch P2 camera system, which the company says has a 37% wider field of view and a frame rate twice as fast as the original.

Sector backdrop

Sports technology companies offer athlete monitoring, video and analytics products on subscription contracts to professional teams, federations and leagues. Measures such as annual contract value, retention and revenue per team are commonly reported. Major sporting events and league calendars influence the timing of product launches and contract renewals, and several vendors are broadening their platforms through acquisitions to offer more than one product to the same team.

Risks shareholders should weigh

The press release and the wider operating environment point to several considerations that shareholders may wish to weigh:

  • Free cash flow excluding transaction costs fell slightly in FY26 compared with FY25, and the company linked this to the timing of collections.
  • IMPECT Video Scouting has only been on the market since July 2026, and the company describes early progress and feedback while its sales results are still limited.
  • The FY27 outlook is qualitative and the company notes that forward-looking statements are subject to uncertainties and may differ materially from outcomes.
  • Three acquisitions in FY26 add integration requirements, and organic ACV growth of 18% was lower than the total ACV growth of 28%.
  • Results are reported in US dollars while the company is listed in Australian dollars, so currency movements can alter translated figures.

What's next

The company expects to continue to roll out IMPECT Video Scouting across more than 150 leagues in FY27 and says it is confident in further progress over the rest of the financial year. Its stated FY27 priorities are ACV growth with low churn, cost margin improvement and higher free cash flow. The AGM was webcast from 10.00am (Melbourne time) on the day of the update, with formal business of the meeting to follow the address.