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Catapult Group International Ltd. (AU:CAT)
ASX:CAT

Catapult Group International (CAT) AI Stock Analysis

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AU:CAT

Catapult Group International

(Sydney:CAT)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
AU$4.50
▲(9.76% Upside)
Catapult Group International's stock score is primarily impacted by its financial challenges, including declining revenues and persistent losses. Technical indicators also suggest bearish momentum. However, the positive outlook from the earnings call, with strong growth in customer base and strategic acquisitions, provides some optimism. Valuation concerns remain due to a negative P/E ratio and lack of dividend yield.
Positive Factors
Customer base expansion
Rapid, sustained customer additions at the institutional level broaden Catapult's recurring revenue base and deepen data scale. More professional teams increase cross-sell opportunities, improve unit economics over time, and strengthen platform defensibility through broader dataset and client integrations.
High ACV growth
Strong ACV growth signals durable expansion of contracted recurring revenue, reducing reliance on one-time hardware sales. Rising ACV provides predictable cash flow, supports longer-term planning for R&D and service investments, and evidences effective monetization of product suite across customers.
Strategic acquisitions & product rollout
Targeted M&A and new product launches broaden addressable market and accelerate capability build-out (scouting, monitoring). Integrating complementary analytics and hardware can strengthen a data/AI moat, boost cross-selling to existing customers, and create multi-vertical revenue streams over time.
Negative Factors
Free cash flow deterioration
A >50% drop in free cash flow materially weakens funding for R&D, product development, and integration of acquisitions without external financing. Persistent FCF weakness raises execution risk, increases reliance on capital markets, and constrains the company's ability to scale or absorb shocks.
Negative profitability and revenue trend
Negative EBIT and net margins despite high gross margins indicate structural operating inefficiencies or elevated operating costs. Combined with recent revenue decline, this undermines the firm's ability to convert strong product economics into sustainable profits and raises concerns about long-term margin recovery.
Negative return on equity despite low leverage
Low leverage paired with negative ROE suggests the business is not generating sufficient returns from invested capital. This signals inefficient capital deployment, potential dilution if equity financing is needed, and a structural challenge to deliver shareholder value absent operational improvements.

Catapult Group International (CAT) vs. iShares MSCI Australia ETF (EWA)

Catapult Group International Business Overview & Revenue Model

Company DescriptionCatapult Sports Ltd. engages in the development and supply of wearable athlete tracking and analytics solutions. The company was founded by Shaun Holthouse and Igor van de Griendt in 2006 and is headquartered in Melbourne, Australia.
How the Company Makes MoneyCatapult Group International generates revenue through multiple streams, primarily by selling its advanced wearable technology and software solutions to sports teams and organizations worldwide. The company offers its products through direct sales and subscription models, where clients pay for access to its performance monitoring software and analytics services. Key revenue streams include one-time hardware sales, ongoing software subscriptions, and consultancy services that help teams implement and maximize the use of their technology. Additionally, strategic partnerships with sports organizations and leagues enhance its market presence and drive sales. By continuously innovating and expanding its product offerings, CAT aims to capture a larger share of the growing sports analytics market.

Catapult Group International Earnings Call Summary

Earnings Call Date:Nov 17, 2025
(Q2-2026)
|
% Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook for Catapult, with strong growth in customer base and ACV, enhanced by strategic acquisitions. However, challenges like unexpected payroll taxes and the impact of exiting Russia moderated the optimism.
Q2-2026 Updates
Positive Updates
Record Customer Base Growth
Catapult's customer base grew to over 5,000 teams worldwide, an increase of 400 teams in just 6 months.
ACV Growth
Annual Contract Value (ACV) grew by 19% year-on-year, reaching USD 115.8 million, indicating strong demand and retention.
Management EBITDA Surge
Management EBITDA increased by 50% year-over-year, reaching $10 million and delivering an operating profit margin of 14%.
High Retention Rate
ACV retention rate exceeded 95%, showcasing the stickiness and value of Catapult's platform.
Successful Acquisitions
Acquisition of Perch and Impect, expanding Catapult's offerings in athlete monitoring and soccer scouting, respectively.
Negative Updates
Unexpected Payroll Tax Expense
An unexpected payroll tax expense of approximately $2 million affected operating profit, tied to the strong performance of Catapult's share price.
Impact of Exiting Russia
Closure of Russian business impacted ACV retention and growth rates, causing a 1% point impact on retention figures.
Company Guidance
During Catapult's investor conference call for the first half of FY '26, key metrics were highlighted, showcasing robust growth and strategic acquisitions. The company reported a 19% year-over-year increase in annual contract value (ACV) to USD 116 million and a 16% increase in total revenue to USD 68 million. Operating profit margins improved to 14%, with management EBITDA reaching USD 10 million, marking a 50% increase. The customer base expanded to over 5,000 teams globally, with more than 3,800 being professional teams, reflecting broad adoption across sports. ACV per professional team rose by 8%, driven by cross-selling and the uptake of multi-vertical solutions, with the number of multi-vertical customers increasing by 26% year-over-year. Retention rates remained strong at over 95%. The company's focus on innovation was underscored by the rollout of Vector 8 and the acquisition of Perch and Impect, which are expected to enhance Catapult's position in athlete performance monitoring and soccer scouting analytics. Despite an unexpected payroll tax expense of USD 2 million impacting the results, the company maintained a positive outlook, emphasizing its commitment to leveraging its comprehensive data set and AI capabilities to drive future growth.

Catapult Group International Financial Statement Overview

Summary
Catapult Group International is facing financial challenges with declining revenues and persistent losses. Despite a strong gross profit margin, operational inefficiencies and cash flow issues are evident. The balance sheet shows low leverage, but negative returns on equity suggest difficulties in generating shareholder value.
Income Statement
The company has shown a declining revenue trend with a negative revenue growth rate of -15.26% in the latest year. Gross profit margin remains strong at over 80%, indicating efficient cost management. However, the net profit margin is negative, reflecting ongoing losses, and EBIT margin is also negative, suggesting operational inefficiencies.
Balance Sheet
The balance sheet shows a relatively low debt-to-equity ratio, indicating conservative leverage. However, the return on equity is negative, highlighting challenges in generating returns for shareholders. The equity ratio is not provided, but the overall financial stability appears moderate.
Cash Flow
The cash flow statement reveals a significant decline in free cash flow growth, down by 54.16%. The operating cash flow to net income ratio is not provided, but the free cash flow to net income ratio is negative, indicating cash flow challenges relative to earnings.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue198.80M116.53M100.00M84.36M77.01M87.84M
Gross Profit39.47M94.36M81.14M63.83M57.41M15.99M
EBITDA32.70M17.62M11.24M-9.98M-14.85M-7.98M
Net Income-15.56M-8.75M-16.68M-31.48M-32.19M-15.45M
Balance Sheet
Total Assets330.33M165.89M163.95M163.77M171.40M122.12M
Cash, Cash Equivalents and Short-Term Investments17.01M10.76M11.54M16.30M26.17M22.22M
Total Debt8.66M9.80M18.35M24.16M7.38M6.27M
Total Liabilities165.26M83.97M85.91M77.31M61.55M45.02M
Stockholders Equity165.06M82.16M78.22M86.61M109.99M77.14M
Cash Flow
Free Cash Flow37.94M8.60M18.39M-56.73M-1.97M21.97M
Operating Cash Flow54.58M38.45M31.70M3.73M2.67M25.02M
Investing Cash Flow-46.14M-29.85M-27.05M-25.28M-39.85M-14.03M
Financing Cash Flow-6.71M-9.33M-8.61M13.19M41.54M-5.02M

Catapult Group International Technical Analysis

Technical Analysis Sentiment
Negative
Last Price4.10
Price Trends
50DMA
4.91
Negative
100DMA
5.86
Negative
200DMA
5.53
Negative
Market Momentum
MACD
-0.20
Negative
RSI
39.79
Neutral
STOCH
52.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CAT, the sentiment is Negative. The current price of 4.1 is below the 20-day moving average (MA) of 4.22, below the 50-day MA of 4.91, and below the 200-day MA of 5.53, indicating a bearish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 39.79 is Neutral, neither overbought nor oversold. The STOCH value of 52.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CAT.

Catapult Group International Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
AU$353.79M40.1119.64%1.10%37.80%28.88%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
61
Neutral
AU$125.11M30.365.74%11.72%
48
Neutral
$1.32B-70.69-10.48%19.66%38.75%
44
Neutral
AU$4.91M-1.42-4.86%64.36%
39
Underperform
AU$40.60M-17.50-78.66%-13.40%4.76%
37
Underperform
AU$5.29M-0.76-283.40%-74.76%42.11%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CAT
Catapult Group International
4.10
0.81
24.62%
AU:CCR
Credit Clear Limited
0.26
-0.07
-20.31%
AU:HYD
Hydrix Limited
0.02
<0.01
72.73%
AU:DVL
dorsaVi Limited
0.04
0.02
218.18%
AU:MYG
Mayfield Group Holdings Limited
2.90
2.20
314.29%
AU:ZMM
ZIMI Ltd
0.01
0.00
0.00%

Catapult Group International Corporate Events

Catapult to Release 463,334 Escrowed Shares Linked to SBG Acquisition
Dec 29, 2025

Catapult Sports Ltd will release 463,334 fully paid ordinary shares from voluntary escrow on 5 January 2026, relating to the final earn-out tranche issued to the vendors of SBG Sports Software Limited under its acquisition agreement. The move marks the completion of this component of the SBG acquisition consideration structure and slightly increases the effective free float of Catapult shares, potentially enhancing liquidity for investors while signaling the progression of post-acquisition integration milestones.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$6.25 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Issues 946,304 New Shares on Conversion of Unquoted Securities
Dec 28, 2025

Catapult Sports Ltd has notified the market of the issue of 946,304 new fully paid ordinary shares following the conversion or exercise of previously unquoted securities. The new shares, dated 10 July 2025, reflect the crystallisation of existing equity arrangements rather than a fresh capital raise, modestly increasing the company’s share base and potentially signalling the vesting of management or employee incentives that align internal stakeholders with future company performance.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$6.25 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Issues New Performance Rights Under Employee Incentive Scheme
Dec 28, 2025

Catapult Sports Ltd has notified the market of the issue of 129,541 unquoted performance rights under its employee incentive scheme, with an effective issue date of 1 October 2025. The additional equity-based awards, which are not intended to be quoted on the ASX, highlight the company’s ongoing use of long-term incentive structures to retain and motivate key staff, aligning employee interests with shareholders and potentially influencing future dilution and capital structure considerations.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$6.25 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Ltd Announces Quotation of New Securities on ASX
Dec 4, 2025

Catapult Sports Ltd has announced the application for the quotation of 1,873,675 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the visibility and accessibility of its securities.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$6.25 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Releases Escrowed Shares Post-Perch Acquisition
Nov 27, 2025

Catapult Sports Ltd announced the release of securities from voluntary escrow, which were initially provided to vendors of Catalyft Labs, Inc., known as ‘Perch’, following Catapult’s acquisition of the company. This release marks a significant step in the integration process of Perch into Catapult’s operations, potentially impacting the company’s market positioning by enhancing its product offerings and strengthening its competitive stance in the sports technology sector.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$6.25 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Reports Strong FY26 First Half Results and Strategic Growth
Nov 18, 2025

Catapult Sports Ltd reported strong financial results for the first half of FY26, highlighted by a 19% increase in Annual Contract Value (ACV) and a 50% rise in Management EBITDA. The company has expanded its customer base to over 5,000 teams worldwide and achieved significant growth in multi-vertical customers, reflecting the success of its integrated product ecosystem. Recent acquisitions of Perch and IMPECT have further strengthened Catapult’s position in athlete monitoring and soccer analytics, respectively. The rollout of Vector 8 technology is enhancing the company’s offerings, allowing for faster innovation and broader geographic reach.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Group International Releases 1H FY26 Financial Results
Nov 17, 2025

Catapult Group International has released its 1H FY26 results, highlighting changes in its financial year-end and presentation currency, as well as the acquisition of SBG. The report includes pro forma financial information to illustrate the impact of these changes and acquisitions on historical financial results. The document emphasizes that the pro forma information is hypothetical and may not accurately represent a true comparison, and it is not independently audited. This release provides insights into Catapult’s operational adjustments and strategic acquisitions, which could influence its market positioning and stakeholder interests.

The most recent analyst rating on (AU:CAT) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Achieves Strong Financial Growth with Strategic Acquisitions
Nov 17, 2025

Catapult Sports Ltd reported a strong financial performance for the half-year ending September 30, 2025, with a 19% year-on-year increase in Annualized Contract Value (ACV) to $115.8 million and a 50% rise in Management EBITDA to $9.7 million. The company’s strategic acquisitions of Perch and IMPECT have expanded its product offerings, enhancing its position in the sports technology market. Catapult’s core SaaS verticals, Performance & Health and Tactics & Coaching, contributed significantly to its growth, with notable increases in ACV and customer base. The company’s focus on a ‘Land and Expand’ strategy has led to a 26% increase in Multi-Vertical Pro Teams, positioning Catapult for continued success in cross-selling its solutions.

The most recent analyst rating on (AU:CAT) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Ltd Reports Revenue Growth Amid Increased Losses
Nov 17, 2025

Catapult Sports Ltd reported a 16.9% increase in revenue for the half-year ending September 30, 2025, compared to the same period in 2024, reaching US$67.6 million. Despite the revenue growth, the company experienced a 16.4% increase in losses after tax, amounting to US$8.6 million. The acquisition of Catalyft Labs, Inc. (Perch) in June 2025 is a strategic move that may impact future operations and market positioning. The company has not declared any dividends for the period.

The most recent analyst rating on (AU:CAT) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Group Director Increases Stake Through Share Purchase Plan
Nov 12, 2025

Catapult Group International announced a change in the director’s interest, specifically regarding Dr. Adir Shiffman’s indirect interests in the company’s securities. Dr. Shiffman participated in the Catapult Sports Ltd Share Purchase Plan, acquiring 4,695 fully paid ordinary shares valued at A$30,000. This change reflects Dr. Shiffman’s continued investment in the company, potentially signaling confidence in Catapult’s future prospects and stability, which may positively impact stakeholder perception.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.05 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Announces Quotation of New Securities on ASX
Nov 12, 2025

Catapult Sports Ltd has announced the application for quotation of 2,074,750 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with its growth strategy.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.05 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Completes Successful Share Purchase Plan
Nov 12, 2025

Catapult Sports Ltd has successfully completed its Share Purchase Plan (SPP), part of an equity raising initiative to support its acquisition of IMPECT GmbH. The SPP raised approximately A$13.3 million, contributing to a total of A$143.3 million from the overall equity raising. The funds will be used to strengthen Catapult’s balance sheet and pursue future strategic mergers and acquisitions, reinforcing its market position and providing growth opportunities.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.05 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports to Release Half-Year Financial Results on November 18, 2025
Oct 31, 2025

Catapult Sports Ltd announced that its financial results for the half-year ending September 30, 2025, will be released on November 18, 2025. A webcast briefing will be held by the CEO and CFO to discuss the results, indicating transparency and engagement with stakeholders, which could impact the company’s market positioning and investor relations.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Acquires Soccer Analytics Leader IMPECT GmbH
Oct 30, 2025

Catapult Sports Ltd has announced the strategic acquisition of IMPECT GmbH, a leader in soccer scouting analytics. This acquisition is expected to significantly bolster Catapult’s long-term strategy by integrating IMPECT’s proprietary data and analytics platform, enhancing decision-making capabilities for teams with unique and comprehensive technology solutions.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Launches Share Purchase Plan Amidst Strategic Expansion
Oct 21, 2025

Catapult Sports Ltd has announced a share purchase plan (SPP) for eligible shareholders, allowing them to acquire up to A$30,000 worth of new shares without brokerage fees. This initiative is part of a broader capital raising effort, which includes a recent A$130 million placement to institutional investors. The funds raised will support the acquisition of IMPECT GmbH and strengthen Catapult’s balance sheet, enabling future strategic mergers and acquisitions. The SPP aims to raise up to A$20 million, with the potential for oversubscriptions, and is open to shareholders in Australia and New Zealand.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Launches Share Purchase Plan to Boost Capital
Oct 21, 2025

Catapult Sports Ltd has announced the opening of its Share Purchase Plan (SPP) as part of a broader capital raising initiative. This plan allows eligible shareholders in Australia and New Zealand to purchase up to A$30,000 worth of new shares without transaction costs, aiming to raise up to A$20M. The funds will be used to strengthen the company’s balance sheet and support future strategic mergers and acquisitions. The SPP follows a successful placement that raised A$130M from institutional investors, and the new shares will be offered at a price lower than the recent placement price or a 2% discount to the average trading price, whichever is lower.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Strengthens Financial Position with New Share Issuance
Oct 20, 2025

Catapult Sports Ltd has issued 19,461,078 new fully paid ordinary shares at A$6.68 each to professional and sophisticated investors as part of an institutional placement. This strategic move aims to strengthen the company’s financial position and support its ongoing operations, potentially enhancing its market presence and offering stakeholders improved value.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Ltd to Quote New Securities on ASX
Oct 17, 2025

Catapult Sports Ltd has announced the application for the quotation of 19,461,078 fully paid ordinary securities on the Australian Securities Exchange (ASX), set to be issued on October 20, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s market presence and providing additional capital for growth initiatives.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Group Secures A$130 Million for Strategic Acquisition and Growth
Oct 14, 2025

Catapult Group International has successfully completed a fully underwritten institutional placement, raising A$130 million. The proceeds will be used to acquire IMPECT GmbH, a leader in soccer analytics software, and to strengthen Catapult’s balance sheet for future strategic opportunities. The placement saw strong demand from both domestic and international investors. Additionally, Catapult is launching a Share Purchase Plan to raise up to A$20 million, offering eligible shareholders in Australia and New Zealand the chance to purchase new shares at a discounted price.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$7.90 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 26, 2025