Catapult Sports (CAT) H2 2026 earnings summary

Executive summary

• Achieved record revenue of $140.7M in FY26, up 19% year-over-year, with Management EBITDA reaching $24.7M, a 67% increase, and ACV rising 28% to $133.8M, driven by SaaS expansion, acquisitions, and operational leverage.

• Completed and integrated acquisitions of Perch and IMPECT, doubling company size, expanding the platform, and launching new products.

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

Financial highlights

• ACV grew to $133.8M, driving revenues to $140.7M (+19% YoY), with SaaS (ACV) revenue at $118.6M (+21% YoY).

• Management EBITDA increased to $24.7M (margin 17.6%), and free cash flow (excl. transaction costs) was $6.5M, with year-end cash over $53M and no debt.

• Contribution margin rose to 53%, with variable costs at 47% of revenue.

• ACV retention rate was 96–96.1%, with churn at 3.9%.

• Operating profit margin expanded by 13pp over two years to 17.6–18%.

Outlook and guidance

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

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

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