[1] Former Australian representative Sue Harcus was a key figure in getting a WA side into the national competition.

[3] The team debuted in the WBC in 1986,[4] funded by the Western Australian Institute of Sport (WAIS) and the WA Basketball Federation, and backed by Adidas.

[11] After playing at the Superdrome in Mount Claremont over their first two seasons, the side returned to its original venue at Perry Lakes Basketball Stadium.

[11] In the 1992 season, the Breakers won the WNBL championship behind captain Michele Timms and coach Tom Maher, along with Robyn Maher,[12] Tanya Fisher, Natasha Bargeus, Lisa MacLean, Marynne Briggs and Marianna Vlahov.

[2] Under coach Guy Molloy, the Breakers returned to the grand final but lost 65–64 to the Sydney Flames.

[14][15][16][17][18][19] In 2001, just three months before round one of the new WNBL season, the owners handed back the licence and the players were told the club would fold.

Basketball Western Australia subsequently took over the licence[20] and changed the team name to Perth Lynx, which remained as such until 2010.

The change symbolised the reinvigoration of the Basketball WA program under experienced head coach David Herbert and home-grown legend Tully Bevilaqua, and gave a nod to the team's history with the reintroduction of the black, green and gold colours.

[11] In April 2015, the team's licence was purchased by the Perth Wildcats and their chairman and owner Jack Bendat.

They lost to Canberra and Townsville in the final weekend of the regular season and were then swept 2–0 by fourth-placed Melbourne in the semi-finals.

[41] In the 2023–24 season, the Lynx finished in fourth place with an 11–10 record and defeated the first-placed Townsville Fire in the semi-finals to reach their second grand final series in three years.

[61][62] During the pre-season in the lead up to the 2024–25 WNBL season, the Lynx played two games as part of HoopsFest at RAC Arena.

[68] They will play three games at Perth High Performance Centre and make the venue their training base.