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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 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
AU$3.50
▲(6.71% Upside)
The score is held back primarily by weak reported financial performance (declining revenue, ongoing losses, and deteriorating free cash flow) and a bearish technical setup with the stock trading below key moving averages. The earnings call provides a meaningful offset, highlighting improving profitability metrics, strong ACV/customer growth, and high retention, but valuation remains challenged due to losses and no stated dividend yield.
Positive Factors
Recurring revenue strength (ACV & retention)
Double-digit ACV growth alongside >95% retention indicates a durable subscription revenue base and high customer stickiness. This improves revenue predictability, raises customer lifetime value, and supports reinvestment in product and data/AI capabilities fueling long-term monetization.
Large, global customer footprint
Scale across 5,000+ teams and 3,800+ professional customers builds market position and competitive moats via breadth of real-world data. Broad adoption strengthens network effects for analytics, aids cross-selling, and makes platform workflows more entrenched over time.
High gross margins and improving operating profitability
Sustained gross margins above 80% show strong unit economics in hardware/software mix. Management EBITDA growth and a 14% operating margin improvement demonstrate operating leverage potential, supporting durable moves toward self-funded growth if top-line trends recover.
Negative Factors
Top-line decline and negative operating profitability
A ~15% revenue decline coupled with negative net and EBIT margins signals structural pressure on scale economics. Persistent top-line weakness undermines margin leverage and delays the firm's ability to sustainably convert its high gross margins into positive bottom-line returns.
Deteriorating free cash flow
A 54% drop in free cash flow and negative FCF-to-net-income indicate the business is not reliably converting profits to cash. Prolonged cash-generation weakness constrains capex, R&D, and M&A flexibility and may force external or dilutive financing during slower demand periods.
Negative ROE despite low leverage
Conservative leverage limits solvency risk but a negative ROE shows capital is not delivering shareholder returns. This reflects inefficient capital allocation or earnings shortfalls, which can hinder ability to raise non-dilutive funding and reduce long-term investor confidence.

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
Income statement trends are weak (revenue down -15.26% and negative net/EBIT margins), and cash flow is under pressure (free cash flow growth down -54.16% with negative FCF-to-net-income). The balance sheet is somewhat supportive with relatively low leverage, but negative ROE indicates poor shareholder value generation.
Income Statement
45
Neutral
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
55
Neutral
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
40
Negative
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 Revenue163.38M116.53M100.00M84.36M77.01M87.84M
Gross Profit36.87M94.36M81.14M63.83M57.41M15.99M
EBITDA28.10M17.62M11.24M-9.98M-14.85M-7.98M
Net Income-11.25M-8.75M-16.68M-31.48M-32.19M-15.45M
Balance Sheet
Total Assets218.31M165.89M163.95M163.77M171.40M122.12M
Cash, Cash Equivalents and Short-Term Investments11.24M10.76M11.54M16.30M26.17M22.22M
Total Debt5.72M9.80M18.35M24.16M7.38M6.27M
Total Liabilities109.22M83.97M85.91M77.31M61.55M45.02M
Stockholders Equity109.09M82.16M78.22M86.61M109.99M77.14M
Cash Flow
Free Cash Flow29.42M8.60M18.39M-56.73M-1.97M21.97M
Operating Cash Flow42.24M38.45M31.70M3.73M2.67M25.02M
Investing Cash Flow-35.41M-29.85M-27.05M-25.28M-39.85M-14.03M
Financing Cash Flow-5.46M-9.33M-8.61M13.19M41.54M-5.02M

Catapult Group International Technical Analysis

Technical Analysis Sentiment
Negative
Last Price3.28
Price Trends
50DMA
4.24
Negative
100DMA
5.50
Negative
200DMA
5.56
Negative
Market Momentum
MACD
-0.26
Positive
RSI
29.32
Positive
STOCH
20.41
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 3.28 is below the 20-day moving average (MA) of 3.85, below the 50-day MA of 4.24, and below the 200-day MA of 5.56, indicating a bearish trend. The MACD of -0.26 indicates Positive momentum. The RSI at 29.32 is Positive, neither overbought nor oversold. The STOCH value of 20.41 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$318.41M42.3219.64%1.10%37.80%28.88%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
61
Neutral
AU$127.74M29.175.74%11.72%
51
Neutral
AU$985.09M-56.55-10.48%19.66%38.75%
44
Neutral
AU$4.91M-1.34-4.86%64.36%
44
Neutral
AU$42.85M-19.00-78.66%-13.40%4.76%
37
Underperform
AU$4.54M-0.76-283.40%-74.76%42.11%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CAT
Catapult Group International
3.28
-0.70
-17.59%
AU:CCR
Credit Clear Limited
0.25
-0.05
-16.95%
AU:HYD
Hydrix Limited
0.02
<0.01
12.50%
AU:DVL
dorsaVi Limited
0.04
0.03
280.00%
AU:MYG
Mayfield Group Holdings Limited
2.79
1.76
170.87%
AU:ZMM
ZIMI Ltd
0.01
0.00
0.00%

Catapult Group International Corporate Events

Catapult Sports Issues Over 2.1 Million New Shares on Option Conversion
Jan 28, 2026

Catapult Sports Ltd has issued 2,185,098 new fully paid ordinary shares following the exercise or conversion of previously unquoted options or other convertible securities, with the new shares dated 22 January 2026. The move modestly enlarges the company’s share base and reflects the crystallisation of earlier equity-based instruments, which may signal confidence among holders in the company’s prospects while incrementally diluting existing shareholders’ stakes.

The most recent analyst rating on (AU:CAT) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Director Rebalances Equity Holding Through Option Exercise and Share Sale
Jan 28, 2026

Catapult Sports has disclosed a change in the interests of director Mr Willians Lopes, who has exercised 2,185,098 TIP options to acquire fully paid ordinary shares and subsequently sold a portion of these shares on market. Following the transaction, Lopes no longer holds the TIP options directly and now retains an increased indirect holding of 2,452,833 fully paid ordinary shares through the Catapult Sports Employee Share Plan Trust, while maintaining his existing long-term incentive performance rights, signaling a rebalancing of his equity exposure between options and ordinary shares.

The most recent analyst rating on (AU:CAT) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult CEO Sells Shares to Fund Option Exercise, Affirms Commitment
Jan 28, 2026

Catapult Sports has disclosed that CEO and Managing Director Will Lopes sold 1.3 million company shares on 22 January 2026 to fund the exercise costs of 2.2 million share options granted in 2023 and approaching expiry in May 2026, as well as to meet associated U.S. tax liabilities. The company emphasized that Lopes has historically only sold shares to cover tax obligations under Catapult’s equity incentive plan, that this is his first sale to finance option exercise, and that he remains a significant shareholder committed to leading the business, a message aimed at reassuring investors about leadership stability and ongoing alignment with shareholder interests.

The most recent analyst rating on (AU:CAT) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

Catapult Sports Issues 546,275 New Shares on Conversion of Unquoted Securities
Jan 19, 2026

Catapult Sports Ltd has issued 546,275 new fully paid ordinary shares following the exercise or conversion of previously unquoted options or other convertible securities, with the new shares dated 14 January 2026. The move modestly increases the company’s share capital base and reflects the take-up of existing equity incentives, which may indicate confidence among holders in the company’s future prospects and can have minor implications for existing shareholders through incremental dilution.

The most recent analyst rating on (AU:CAT) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

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.

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: Jan 30, 2026