Catapult Sports (CAT) H1 2026 earnings summary

Executive summary

• Achieved strong first half FY26 results with 19% ACV growth to $115.8M, 16.9% revenue growth to $67.6M, and Management EBITDA up 50% to $9.7M, marking record Rule of 40 performance at 33%.

• Expanded product ecosystem and market reach through acquisitions of Perch (velocity-based training) and IMPECT (soccer scouting and analytics), with over 5,000 teams served globally.

• Net loss after tax was $8.6M, reflecting higher operating and acquisition-related costs.

• Major product upgrades included Vector 8, Hub Pro, and AI-driven automation, enhancing customer experience and efficiency.

• No dividends declared or paid for the period.

Financial highlights

• Annual Contract Value (ACV) grew 19–19.6% year-over-year to $115.8M, with recurring revenue representing 94% of total revenue.

• Total revenue rose 16–16.9% year-over-year to $67.6M, with gross profit up 17.3% to $53.7M and gross margin stable at 79.3%.

• Management EBITDA increased 50–56.1% year-over-year to $9.7M, with margin improving to 14.4%.

• Free cash flow (excluding transaction costs) increased by $3.4M year-over-year to $8.2M; reported FCF including transaction costs was $4.3M.

• Ended the period with no debt and $11.3M in cash, with the revolving loan facility fully repaid.

Outlook and guidance

• Expects continued strong ACV growth, low churn, improving cost margins, and higher free cash flow as business scales, with a focus on SaaS subscription growth and global market leadership.

• Integration of Perch and IMPECT anticipated to accelerate growth in respective verticals, though specific guidance on impact is premature.

• Vector 8 rollout and software improvements expected to drive long-term ACV benefits.