The Catapult Sports Ltd (ASX: CAT) share price is in focus today after the company released its FY26 trading update, highlighting record annualised contract value (ACV) growth of 27–28% and a near 50% boost in Management EBITDA.
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What did Catapult Sports report?
- FY26 closing ACV expected at US$133–134 million, up 27–28% year-on-year (constant currency)
- Management EBITDA anticipated to rise ~50% year-on-year
- Free Cash Flow (excluding transaction costs) forecast at US$5–6 million
- Cash balance at year-end around US$50 million, with no debt
- Temporary increase in accounts receivable, with some 2H collections to be received early FY27
- Recent acquisitions, IMPECT and Perch, contributed to growth
What else do investors need to know?
The company flagged a higher-than-usual closing accounts receivable balance, mainly driven by timing of collections following the recent acquisitions. Management expects these receivables will be collected early in FY27, and confirmed this was a temporary impact stemming from integrating new businesses.
Catapult's capital raise and acquisitions have strengthened its position, allowing the business to finish the year with a healthy US$50 million cash balance and no debt. Investors can expect the full FY26 results announcement on 20 May 2026.
What's next for Catapult Sports?
Looking ahead, Catapult sees its strong subscription revenue and expanding operating leverage supporting further growth. The company plans to continue integrating its new acquisitions, delivering on cost discipline, and driving innovation in sports technology.
Management's focus will be on optimising performance, collecting outstanding receivables, and leveraging its global footprint across more than 5,000 teams and 100+ countries.
Catapult Sports share price snapshot
Over the past 12 months, Catapult Sports shares have declined 2%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.
