NYSE$DAVA

Endava plc-ADR · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Endava reported a revenue decline and net loss in Q1 FY2026, citing unexpected client credits and delayed project conversions.

Endava posted a net loss in Q1 FY2026 with revenue falling year-over-year. Despite setbacks, the company secured a major strategic contract in the payments sector, showcasing its potential for future growth.

  • Revenue fell to £178.2 million from £195.1 million year-over-year.
  • Net loss for the quarter was £8.2 million with a reported EPS of -£0.15.
  • Adjusted diluted EPS stood at £0.15, down from £0.25 last year.
  • Endava secured a strategic $100M multi-year deal with a payments client.

Headline financials

Total Revenue

$240M

Previous: $254M-5.5%
EPS (adj)

$0.20

Previous: $0.33-39.4%
Revenue Growth Rate at Constant Currency

-7.3%

No prior period
Adjusted Profit Before Tax

$9.85M

No prior period
Adjusted Profit Before Tax Margin

5.5%

No prior period
Adjusted Profit for the Period

$7.92M

No prior period
Adjusted Free Cash Flow

$9.21M

No prior period
Average Operational Employees

10.3K

No prior period
Clients Over £1M Revenue

133

No prior period
Top 10 Clients Revenue Percentage

36.0%

No prior period
Net Income

-$11M

Previous: $2.92M-475.4%
Operating Income

-$3.91M

Previous: $5M-178.3%
Gross Profit

$50.6M

Previous: $54.3M-6.7%

Revenue & EPS history

Endava · Revenue · Quarterly

$240M

Q1 2026-5.5%vs Q1 2025
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Endava · $179M total across 7 segments · Q3 2026

  • Payments
    $41M
  • BCM
    $39.3M
  • Technology, Media and Telecommunications
    $28.6M
  • Healthcare
    $19.6M
  • Other industries
    $19.6M
  • Insurance
    $16.1M
  • Mobility
    $14.3M

Forward guidance

Endava expects Q2 FY2026 revenue between £179M and £182M, with adjusted EPS between £0.15 and £0.17. FY2026 revenue is projected to range from £735M to £752M, with full-year adjusted EPS between £0.80 and £0.88.

Tailwinds

  • Strategic $100M payments partnership secured
  • Adjusted free cash flow improved YoY
  • Operational headcount efficiency improved
  • Stable contribution from top 10 clients
  • Maintained profitability on an adjusted basis

Headwinds

  • Revenue declined YoY by 8.6%
  • Net loss of £8.2 million for the quarter
  • EPS turned negative versus prior year
  • Clients over £1M in revenue decreased to 133
  • Revenue in UK and TMT verticals declined sharply

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-0.6%

Avg return

Earnings day

-1.8%

Avg return

5 days after

-2.1%

Avg return

30 days after

56%

18 / 32 earnings

Positive

+14.2%

Q1 2023

Best reaction

-38.7%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-3.2%-19.2%-34.2%
H1 2026-4.0%-13.2%-12.4%
Q1 2026-26.1%-30.4%-30.1%
Q3 2025-26.6%-28.3%-26.8%
H1 2025-7.2%-5.6%-11.1%
Q1 2025+3.2%-5.7%+7.0%
Q4 2024-7.9%-7.3%-7.6%
Q3 2024+2.8%-0.2%-2.9%
Q2 2024-38.7%-41.8%-40.4%
Q1 2024+6.0%+16.7%+23.2%
Q4 2023+7.4%+9.5%+13.8%
Q3 2023-9.1%-8.9%-11.3%
Q2 2023-7.1%-6.3%-22.1%
Q1 2023+14.2%+13.6%+11.4%
Q4 2022+3.4%+1.3%-5.8%
Q3 2022+10.9%+2.2%+6.4%
Q2 2022+3.8%+2.8%-2.8%
Q1 2022-1.5%-6.4%-13.5%
Q4 2021+14.1%+19.3%+35.0%
Q3 2021+8.0%+7.4%+24.2%
Q2 2021+2.5%+1.2%+2.9%
Q1 2021-4.0%-4.8%+3.1%
Q4 2020+3.6%+7.9%+17.8%
Q3 2020-4.2%+1.2%+0.1%
Q2 2020+10.4%+10.5%-16.7%
Q1 2020+4.2%+4.5%+6.6%
Q4 2019+5.5%+0.5%+8.5%
Q3 2019+10.0%+8.9%+12.2%
Q2 2019+13.2%+10.7%+3.4%
Q1 2019+0.5%-1.1%-1.7%
Q3 2018-2.3%+2.3%-2.0%
Q4 2018-2.3%+2.3%-2.0%
Q1 2017
Q4 2017

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