Endava (ADR)
Technology services delivered through a distributed, AI-native transformation model.
Something off on this page? Send us feedback.
Profile
Provides technology services through distributed delivery teams, with client work framed as AI-native transformation. Its multi-region footprint and acquisitions have broadened geographic and sector capability.
Delivers technology services through a distributed, delivery-heavy workforce. Rather than a standalone product line, the model centers on services performed by teams. London-rooted client work is framed around technology-driven transformation and an AI-native approach.
Delivery operations span Europe, North America, Latin America, Asia-Pacific, and the Middle East. Acquisitions have added capabilities and presence in Asia-Pacific, North American healthcare, India, Poland, and digital entertainment. These deals broadened its geographic and sector capability.
Founder John Cotterell remains chief executive. Training is intended to build technical and soft skills across the delivery workforce.
Company facts
Categories
Key statistics
Year to date −47.5% · Average volume (30d) 231.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 10, 2026 | Deutsche Bank | Target | $53 | $3 | ||
| May 27, 2026 | Guggenheim | Downgrade | Buy | Neutral | ||
| May 22, 2026 | CLSA | Target | $5 | |||
| May 22, 2026 | JP Morgan | Downgrade | Neutral | Underweight | ||
| Nov 12, 2025 | Needham | Reiterate | Buy | $68 | $9 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 21, 2026Q3 FY26 | $0.27 | $0.07 | −74.1% | $242.8M | $236.0M | −2.8% | −0.30% |
| Feb 19, 2026Q2 FY26 | $0.21 | $0.21 | 0.0% | $241.8M | $248.0M | +2.6% | −1.79% |
| Nov 11, 2025Q1 FY26 | $0.24 | $0.20 | −18.3% | $236.7M | $239.8M | +1.3% | +5.61% |
| Sep 4, 2025Q4 FY25 | $0.32 | $0.32 | 0.0% | $186.4M | $251.4M | +34.9% | +2.11% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $264.7M | $263.7M | $252.8M | $241.2M | $245.9M | $246.9M | |
| Gross profit | $60.9M | $72.5M | $68.8M | $51.0M | $42.5M | $38.2M | |
| Operating income | $2.3M | $22.3M | $11.8M | −$3.9M | −$5.7M | −$8.3M | |
| Net income | $9.3M | $14.8M | $1.6M | −$11.0M | −$9.2M | −$545.5M | |
| Diluted EPS | $0.15 | $0.24 | $0.03 | −$0.20 | −$0.18 | −$10.44 | |
| Gross margin | 23.0% | 27.5% | 27.2% | 21.1% | 17.3% | 15.5% | |
| Operating margin | 0.9% | 8.4% | 4.7% | -1.6% | -2.3% | -3.4% |
Fiscal years (4-quarter sums)FY21 $604.1M · FY22 $886.2M · FY23 $1.08B · FY24 $1.00B · FY25 $1.05B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Mar 31, 2026Cash & short-term investments $65.8M · Total debt $323.0M · Total assets $729.4M · Shareholders' equity $233.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 53.57M · Float —
Float — provider float is below the insider stake.
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| T. Rowe Price Investment Management, Inc. | 4.06M | 7.59% | 13F | Aug 14, 2026 |
| Prescott Group Capital Management, L.L.C. | 3.20M | 5.97% | 13F | Aug 7, 2026 |
| Paradice Investment Management LLC | 2.95M | 5.50% | 13F | Aug 5, 2026 |
| Cdam (UK) Ltd | 2.37M | 4.43% | 13F | Aug 13, 2026 |
| Acadian Asset Management LLC | 1.56M | 2.92% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 30, 2026 | Ben Druskin | director | −244 | $2.89 |
| Jun 30, 2026 | David Alexander Pattillo | director | −269 | $2.89 |
| Jun 30, 2026 | Kathryn A. Hollister | director | −261 | $2.89 |
| Jun 30, 2026 | Patrick Butcher | director | −533 | $2.88 |
| Apr 1, 2026 | Patrick Butcher | director | −554 | $4.43 |
Peers
- Accenture
Broad enterprise transformation, cloud, data and AI services
- EPAM Systems
Digital engineering and AI transformation services
- Globant
Digital and AI transformation with design and engineering
- Cognizant Technology Solutions
Enterprise digital engineering, cloud and AI transformation
- Grid Dynamics
Platform and product engineering, AI and digital engagement services
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Endava (ADR) | $3.21 | +0.31% | $172.0M | — | 4.1 | 0.2 | −6.2% |
| Accenture | $189.20 | −0.17% | $116.03B | 15.1 | 13.2 | 1.6 | +5.6% |
| EPAM Systems | $114.11 | −0.63% | $6.00B | 15.6 | 8.5 | 1.1 | +4.5% |
| Globant | $40.52 | −0.04% | $1.75B | 15.9 | 6.8 | 0.7 | +0.0% |
| Cognizant Technology Solutions | $64.12 | +0.11% | $28.85B | 13.8 | 10.6 | 1.3 | +4.5% |
| Grid Dynamics | $7.95 | −0.31% | $646.6M | 293.0 | 17.1 | 1.5 | +7.0% |
| Median | 15.6 | 10.6 | 1.3 | +4.5% |