Catapult Sports (CAT) H2 2026 earnings summary

Executive summary

• Achieved record revenue of $140.7M in FY26, up 19% YoY, with Management EBITDA reaching $24.7M and a margin of 17.6%, driven by SaaS expansion, operational leverage, and acquisitions.

• ACV base grew 28% YoY to $134M, with robust retention and increased multi-solution adoption among pro teams.

• Completed and integrated Perch and IMPECT acquisitions, doubling company size and expanding the product suite.

• Over half of World Cup national teams are customers, reinforcing global leadership in performance technology.

• FY26 marked a record-breaking year with strong profitable growth and delivery on expectations.

Financial highlights

• Revenue reached $140.7M (+19% YoY); Management EBITDA was $24.7M (+67% YoY) with a 17.6% margin.

• ACV retention rate was 96.1%, with churn at 3.9%, and ACV per pro team exceeded $30,000, up 10% YoY.

• Free cash flow (excluding transaction costs) was $6.5M, with a year-end cash balance of $53M and no debt.

• Contribution margin improved to 53%, and operating profit margin expanded from 13% to 18% YoY.

• NPAT was -$24.0M, impacted by non-cash acquisition charges, amortization, and FX adjustments; adjusted NPAT was -$6.2M.

Outlook and guidance

• FY27 expects continued strong ACV growth, low churn, further margin improvements, and higher free cash flow.

• Management targets Rule of 40, aiming for combined ACV growth and EBITDA margin of 40%+.

• Long-term strategy to reach $1B in ACV, leveraging platform expansion and cross-sell opportunities.

• Focus remains on profitable growth and expanding the all-in-one platform for pro sports teams.