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DAVA

Endava plc

DAVA

Endava plc • NYSE
$6.46 ▲ 1.89% (+0.12)
Market Cap $367.96 M
52w High $34.94
52w Low $6.03
Dividend Yield 0%
P/E 29.36
Volume 708.94K
Outstanding Shares 56.96M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $178.187M ▼ $40.575M ▼ $-8.157M ▼ -4.578% ▼ $-0.15 ▼ $1.82M ▼
Q4-2025 $186.776M ▼ $42.146M ▲ $1.168M ▼ 0.625% ▼ $0.02 ▼ $21.833M ▼
Q3-2025 $194.838M ▼ $37.135M ▼ $10.946M ▲ 5.618% ▲ $0.19 ▲ $26.417M ▲
Q2-2025 $195.589M ▲ $43.345M ▼ $6.851M ▲ 3.503% ▲ $0.12 ▲ $13.729M ▼
Q1-2025 $195.052M $43.969M $2.247M 1.152% $0.038 $16.767M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $47.225M ▼ $933.742M ▼ $364.957M ▲ $568.785M ▼
Q4-2025 $59.466M ▼ $935.771M ▼ $352.832M ▲ $582.939M ▼
Q3-2025 $68.396M ▲ $961.769M ▼ $316.184M ▼ $645.585M ▼
Q2-2025 $60.183M ▲ $980.594M ▲ $325.879M ▼ $654.715M ▲
Q1-2025 $52.992M $967.722M $341.278M $626.444M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-8.157M ▼ $12.252M ▲ $-5.836M ▼ $-18.677M ▼ $-12.12M ▼ $9.162M ▲
Q4-2025 $1.168M ▼ $-2.308M ▼ $-1.564M ▲ $-4.532M ▲ $-8.932M ▼ $-4.079M ▼
Q3-2025 $10.946M ▲ $18.659M ▼ $-1.66M ▲ $-8.664M ▲ $8.212M ▲ $17.298M ▼
Q2-2025 $6.851M ▲ $32.048M ▲ $-5.915M ▼ $-19.386M ▼ $7.254M ▲ $31.612M ▲
Q1-2025 $2.247M $4.374M $-800K $-12.548M $-9.547M $3.239M

Revenue by Products

Product Q2-2022Q4-2022Q2-2023Q4-2023
Other Industries
Other Industries
 $80.00M ▲$80.00M ▲$100.00M ▲$100.00M ▲
Payments And Financial Services
Payments And Financial Services
 $150.00M ▲$180.00M ▲$210.00M ▲$210.00M ▲
TMT
TMT
 $80.00M ▲$90.00M ▲$90.00M ▲$90.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown nicely over the past few years but stalled recently, with sales now hovering just below their prior peak. The more important story is margin pressure: the company is still profitable, but operating and net income are much lower than they were a couple of years ago. This suggests higher costs, pricing pressure, or heavier investment in people and capabilities. Earnings per share remain positive, yet well below their earlier highs, pointing to a business that is still healthy but currently in a weaker profit cycle than before.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and still equity-heavy, which provides a cushion for tougher periods. Total assets have steadily expanded, indicating continued investment and growth in the business. Cash balances, however, are lower than their earlier peak, and debt has climbed from very low levels to something more noticeable, though not yet alarming. Overall, the company appears financially stable, but with less net cash flexibility than it enjoyed a few years ago.

Cash Flow

Cash Flow The business continues to generate positive cash from operations and free cash flow, which is important for funding growth and innovation without relying too heavily on outside financing. Cash inflows from the core business are softer than at their best point, mirroring the profit slowdown, but they remain healthy and fairly consistent. Capital spending is modest, underlining an asset-light, people-driven model. The combination suggests a company that is still cash-generative even in a weaker profit phase, giving it room to keep investing through the cycle.

Competitive Edge

Competitive Edge Endava operates in a crowded technology services space but has carved out a focused position around digital transformation and complex, mission-critical projects. Its strengths include long-standing client relationships, strong sector expertise in areas like payments and financial services, and a nearshore delivery model that balances cost and quality. The firm aims to be a strategic partner rather than a commodity vendor, which can make relationships stickier and projects larger. The flip side is exposure to client budget cycles and intense competition from both global IT giants and nimble specialists, which can pressure pricing and utilization when demand softens.

Innovation and R&D

Innovation and R&D The company leans heavily into an “AI-native” vision, embedding artificial intelligence into both client solutions and its own delivery methods. Platforms such as Dava.X and Dava.Flow are designed to systematize its expertise in AI, cloud, data, cybersecurity, and modernization, and to speed up project delivery. Partnerships with major technology and AI providers, including participation in OpenAI’s partner ecosystem, extend its capabilities without needing to build everything in-house. Programs like Dava.Rise try to place Endava at the intersection of large enterprises and high-growth scale-ups. The opportunity is significant, but the key uncertainties are how quickly clients will adopt these offerings at scale and whether they translate into sustainably higher pricing and margins.

Summary

Endava shows the profile of a growth-oriented technology services firm that has hit a softer patch in profitability while still expanding its capabilities and client base. Revenue is higher than a few years ago but no longer rising as quickly, and profits are well off their earlier peak, reflecting margin pressure and possibly heavier investment. Even so, the balance sheet remains sound and cash generation is positive, giving management room to keep funding innovation. Strategically, the company is leaning into AI-enabled digital transformation, differentiated delivery methods, and deep client relationships, which together form its main competitive edge. The main things to watch are whether demand re-accelerates, margins recover, and its AI-native initiatives and outcome-based models convert from promise into visible, durable earnings power amid a competitive and cyclical industry backdrop.

NEWS

November 17, 2025 · 5:12 AM UTC

Endava Launches Dava.Rise to Accelerate Enterprise Innovation

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November 13, 2025 · 8:55 AM UTC

Endava and Paysafe Unite to Redefine the Future of Payments and Digital Communities

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November 11, 2025 · 7:45 AM UTC

TRD U.S.A. Announces Expanded Partnership with Endava

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November 11, 2025 · 7:21 AM UTC

Endava Announces First Quarter Fiscal Year 2026 Results

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October 28, 2025 · 4:36 PM UTC

Endava to Announce Q1 FY2026 Financial Results on November 11, 2025

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