CATAPULT SPORTS LTD (ASX:CAT, OTC:CAZGF) has delivered record FY26 revenue of US$140.7 million, up 19% year-on-year on a constant currency basis, as the sports technology company continued to scale its software-as-a-service platform.
The company, which provides performance analytics, athlete monitoring, video analysis and scouting intelligence to professional sports teams, also grew management EBITDA by 67% to US$24.7 million.
Annualised Contract Value (ACV) increased 28% to US$133.8 million, or 18% excluding ACV acquired through the Perch and IMPECT acquisitions.
“FY26 was a transformational year for Catapult. We set ourselves ambitious targets: maintain our organic growth rate, reinvest meaningfully in our platform, and stay focused through a period of significant M&A. We delivered on all of them. These results reflect the efforts of every person at this company, and to the world-class sports teams who trust us with their performance every day," CEO and managing director Will Lopes said.
“What I am most proud of is how we achieved it. Disciplined cost management, combined with strong top-line growth, drove our Rule of 40 to a record high, clear evidence that our operating model is scaling the way we designed it to. We are only just beginning to realise the potential of our expanded platform, and I have great confidence in our ability to continue driving this business forward as one of the world’s best SaaS companies.”
Platform expansion continues
Catapult added 576 new Pro Teams in FY26, while average ACV per Pro Team rose 10% to more than US$30,000 and retention increased to more than 96%.
The company also expanded its product suite through Vector 8, Perch’s P2 Camera, IMPECT integration, Matchtracker, AI Insights and Focus Live.
“There are many highlights I am impressed by in today’s announcement. However, as Catapult’s CFO, I am most impressed by the fact that we are now consistently delivering against a well-established strategy whereby we are disciplined on costs while reinvesting in our product suite. This continues to result in reliable top line growth, and repeatable operating leverage. These are the hallmarks of a well-executed strategy and an excellent SaaS business. With more than US$53M of cash on our Balance Sheet, and no debt, Catapult has never been in better financial health as we continue to expand our solutions and drive our business forward, to become the global platform for pro sports teams,” chief financial officer Bob Cruickshank said.
What’s next
Looking to FY27, Catapult expects strong ACV growth, low churn, continued margin improvement and higher free cash flow.
“At Catapult, our compass remains fixed: be an invaluable partner to our customers, and deliver strong, profitable growth. As we enter FY27, we expect strong ACV growth, low churn, continued margin improvement towards our targets, and higher free cash flow, all consistent with our Rule of 40 focus," Lopes said.
"What excites me most about the next twelve months is the opportunity in front of our customers. We now have a platform that can do things for pro sports teams that simply were not possible before by combining athlete performance data, video analysis, gym monitoring, and scouting intelligence in one connected system. That is a genuinely new capability for the industry, and we are only beginning to show teams what it can do.
"With our expanded all-in-one platform, I am more confident than ever in our trajectory and in the vital role we play in unleashing the potential of every athlete and team on earth.”
About Catapult
Catapult develops sports technology and analytics products for more than 5,500 teams across 40 sports in more than 100 countries.
Its platform is designed to help teams optimise performance, reduce injury risk and improve return-to-play outcomes.