Catapult Sports (CAT) H1 2026 earnings summary

Executive summary

• Achieved record first half FY 2026 results with 19% ACV growth, 16.9% revenue growth to $67.6M, and 14% Management EBITDA margin, building on momentum from prior years.

• Customer base surpassed 5,000 teams globally, with 400 new teams added in six months and a focus on professional teams.

• Major acquisitions included Perch (velocity-based training) and IMPECT (soccer scouting and analytics), expanding product suite and market reach.

• Net loss after tax was $8.6M, impacted by higher D&A, share-based payment expenses, and acquisition-related costs.

• No dividends were declared or paid for the period.

Financial highlights

• Annual Contract Value (ACV) grew 19.6% year-over-year to $115.8M, with 95% ACV retention and 8% increase in ACV per pro team.

• Management EBITDA reached $10M, up 50% year-over-year, with a margin of 14.4%.

• Total revenue grew 16.9% year-over-year to $67.6M; recurring revenue represented 94% of total revenue.

• Gross profit rose 17.3% to $53.7M, with gross margin stable at 79.3%.

• Free cash flow (ex-transaction costs) increased by $3.4M year-over-year to $8.2M; cash at bank was $11.3M with no debt.

Outlook and guidance

• Expect continued strong ACV growth, low churn, improving cost margins, and higher free cash flow as business scales.

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

• Strategic focus remains on SaaS subscription growth and global market leadership in sports analytics.