Catapult Sports Reports US$67.6M Revenue, US$8.6M Loss in 1H FY26

Robust Revenue Growth Amid Strategic Expansion

Catapult Sports Ltd has delivered a solid performance for the first half of fiscal 2026, reporting a 16.9% increase in revenue to US$67.6 million compared to the same period last year. This growth was primarily fueled by a 19.6% rise in the annualized contract value (ACV) of its subscription contracts, which climbed to US$115.8 million. The company’s SaaS-based business model continues to underpin its expanding footprint in elite sports technology.

Despite the revenue gains, Catapult recorded a net loss after tax of US$8.62 million, slightly higher than the US$7.41 million loss in the prior period. The loss reflects ongoing investments in product development, integration costs from recent acquisitions, and increased depreciation and amortization expenses.

Strategic Acquisitions Bolster Product Offering

During the period, Catapult completed the acquisition of Catalyft Labs, Inc. (Perch), a Massachusetts Institute of Technology (MIT)-born innovator in velocity-based athlete gym performance monitoring. Perch’s advanced computer vision and AI technology now integrates into Catapult’s ecosystem, enhancing gym analytics and performance scoring capabilities.

Following the reporting period, Catapult announced a major acquisition of Impect GmbH, a German soccer intelligence data provider, funded by an institutional placement that raised US$84 million. This deal significantly strengthens Catapult’s Tactics & Coaching vertical, offering proprietary soccer metrics that deepen analytical insights for teams and federations.

Additionally, Catapult acquired intellectual property assets from IsoLynx, LLC, further expanding its technology portfolio. These acquisitions align with Catapult’s strategy to create a comprehensive platform that spans Performance & Health, Tactics & Coaching, Management, Professional Services, and Media & Engagement verticals.

Financial Position and Operational Highlights

Catapult’s balance sheet remains healthy, with cash and cash equivalents increasing to US$11.3 million as of September 30, 2025. The company fully repaid its revolving loan facility during the period, leaving an undrawn US$30 million facility available for future needs. Free cash flow remained positive at US$4.3 million, supporting ongoing investment and acquisition activities.

Operationally, Catapult enhanced its product suite with significant upgrades, including Vector 8 for faster data editing and streamlined report creation, and expanded HUB Pro to support remote workflows that synchronize with in-office teams. The company also launched AI-driven automation tools for tagging, data cleaning, and content generation, aimed at saving coaches time and accelerating performance insights.

Outlook and Market Position

Catapult continues to lead the global sports performance analytics market with over 5,000 teams using its wearable and video solutions. The company’s multi-vertical approach and expanding customer base position it well to capitalize on growing demand for data-driven athlete and team performance optimization.

While the company remains in a net loss position, its strategic acquisitions, strong subscription growth, and robust cash reserves provide a solid foundation for future profitability. Investors will be watching closely how Catapult integrates its new acquisitions and leverages AI and remote capabilities to maintain its competitive edge.