Catapult Sports shares lift as ‘growth accelerates to record level’
Make us a preferred source
Make us a preferred source on Google
The news: Shares in Catapult Sports gained in morning trade after the sports tech business told the exchange that its annualised contract value “growth accelerates to record level”.
The numbers: At 10:48am AEDT, shares in Catapult Sports had lifted 6.2% to $3.77 but were still down 11.7% year to date.
The company said it expects closing ACV for FY26 as of 31 March to be in the range USD133 million ($191.56 million) to USD134 million, representing year-on-year growth of between 27% and 28% on a constant currency basis with low churn.
FY26 management EBITDA is expected to grow approximately 50% year-on-year. It also expects its FY26 rule of 40 SaaS metric, where the combined revenue growth rate and profit margin should be 40% or above, to improve on the record 33% achieved in the first half of the financial year.
Free cashflow for FY26 is expected to be between USD5 million to USD6 million, excluding transaction costs and the company expects cashflow to end FY26 at USD50 million with no debt.
The context: Catapult said that the integration of two acquisitions during FY26 is putting “temporary capacity pressure on Catapult’s finance and collections function”, which has pushed a portion of second half receivables into the early first half of FY27.
The source: ASX
