3 ASX growth stocks demonstrating long term potential

The following ASX growth stocks exhibit massive long-term potential and are well positioned to keep growing across different macroeconomic environments.

HUB24 Limited (ASX: HUB) 

reported record net inflows of $5.2 billion in Q1 FY26 which reflects continued adviser adoption and market share gain across its platform ecosystem.
Total Funds Under Administration reached $146.5 billion as at 30 September 2025 which represents a 30% year-on-year increase and even in weaker markets, advisers will still require reliable platforms whereas in stronger markets, HUB24 will gain from higher balances.

HUB24 benefits from long-term tailwinds in professional wealth management as advisers face high switching costs related to compliance, reporting and client processes.

The business does not depend on discretionary consumer spending and instead grows alongside long-term wealth accumulation and consolidation trends within superannuation.

HUB24 now has a market capitalisation of $8 billion which reflects investor confidence in its durable growth profile and capital-light business model.

Zip Co Limited (ASX: ZIP) 

reported an excellent Q1 FY26 trading update which showed earnings growth and clear operating leverage across both ANZ and the United States.
The company reported record cash EBITDA of $62.8 million which was up 98% year-on-year and was driven by improved unit economics, disciplined risk management and tighter cost control as the business continues to mature.

Total transaction volume reached $3.9 billion which was up nearly 39% year-on-year while revenue increased to $321.5 million due to strong merchant adoption and deeper customer engagement across platforms.

Zip now has a market capitalisation of $3.91 billion and as the business matures the focus has shifted towards risk management, operating discipline and unit economics.

Management has upgraded its FY26 outlook for US transaction growth to above 40% which positions the company for continued profitable growth.

Catapult Sports Limited (ASX: CAT)

turned free cash flow positive in 1H FY26 and now has a market capitalisation of $1.25 billion.
The company sits at the centre of elite sport, data and software, with its technology embedded across more than 5,000 professional teams in over 40 sports which creates very high switching costs once adopted.

Catapult delivered 19% constant currency ACV growth, 95% ACV retention and a 50% year-on-year increase in Management EBITDA which highlights the strength and durability of its SaaS business model.

The acquisitions of Perch and IMPECT expand Catapult’s addressable market and strengthen its competitive position across performance analytics, strength training and scouting solutions.
Catapult reported free cashflow of US$8.2 million in 1H FY26 and following a sharp share price pullback, the market is once again offering exposure to a global SaaS leader with improving profitability.

(Source: Company Reports)