Catapult Posts 19% ACV Growth and 50% Jump in EBITDA in 1H FY26
Catapult Group International Ltd reports a standout first half of FY26, delivering record SaaS growth and profitability driven by strong contract renewals and innovative technology integration.
- 19% constant currency growth in Annualized Contract Value (ACV)
- 50% year-on-year increase in Management EBITDA
- 95% ACV retention rate with expanding multi-vertical pro teams
- Free cash flow rises to US$8.2 million excluding transaction costs
- Innovation advances including AI automation and Perch integration
Robust Financial Performance
Catapult Group International Ltd has delivered a strong set of results for the first half of fiscal year 2026, underscoring its leadership in the sports technology sector. The company reported a 19% year-on-year increase in Annualized Contract Value (ACV) on a constant currency basis, reaching US$115.8 million. Revenue grew 16% to US$67.6 million, while Management EBITDA surged 50% to US$9.7 million, reflecting improved operational efficiencies and solid demand for its SaaS offerings.
Despite an 18% rise in fixed costs, primarily due to a one-off payroll tax expense linked to the vesting of share-based payments amid a rising share price, Catapult maintained a healthy incremental profit margin of 36%, or 56% when excluding this expense. The company also strengthened its balance sheet, ending the period with a net cash position of US$11.3 million and no debt, while free cash flow improved to US$8.2 million, excluding transaction costs.
SaaS Engine Driving Growth and Retention
Catapult’s SaaS business continues to be the engine of growth, with a best-in-class ACV retention rate of 95%, signaling strong customer loyalty and satisfaction. The average ACV per professional team increased by 8%, now exceeding US$28,000, while the number of multi-vertical pro teams; those using products across multiple business verticals; grew by 26%. These metrics highlight the company’s success in deepening customer engagement and expanding its footprint within existing accounts.
The average lifetime duration of customers has also extended to over eight years, a 7% increase year-on-year, reinforcing the stickiness of Catapult’s offerings in the competitive sports technology market.
Innovation and Product Expansion
Innovation remains a core pillar of Catapult’s strategy. The company has rolled out significant upgrades to its web experience, enhancing data editing speed, report creation, and performance analysis workflows. The expansion of Hub Pro supports seamless remote and in-office collaboration, while Focus Live has been extended beyond game day into practice sessions, incorporating new intellectual property including NFL-licensed gameday tracking technology.
Catapult has also integrated Perch’s velocity-based training technology, introducing new features such as Perch Assist and enhanced gym analytics. Additionally, AI-driven automation for tagging, data cleaning, and content generation is accelerating insights for coaches, saving time and improving decision-making.
Strategic Outlook and Market Position
Looking ahead, Catapult remains confident in its growth trajectory. The company expects sustained strong ACV growth with low churn, continued improvements in cost margins, and higher free cash flow as the business scales. Positioned as a global leader in professional sports technology, Catapult is tapping into a market forecasted to reach US$71.7 billion by 2030, with a comprehensive platform that integrates athlete performance, video analysis, scouting, and tactical solutions.
Catapult’s focus on profitable growth is reflected in its Rule of 40 performance, which combines ACV growth and Management EBITDA margin, reaching a record 33% in 1H FY26. This balance of growth and profitability positions the company well to capitalize on expanding opportunities across professional and adjacent sports markets worldwide.
Bottom Line?
Catapult’s strong SaaS momentum and innovation pipeline set the stage for continued leadership and profitable expansion in the evolving sports technology landscape.
Questions in the middle?
- How will Catapult manage fixed cost pressures beyond the one-off payroll tax expense?
- What impact will further integration of AI and new technologies have on customer acquisition and retention?
- Can Catapult sustain its Rule of 40 performance amid increasing competition and market expansion?