Endava Q3 FY26 swings to £394.4 million loss; revenue drops 8.4% to £178.5 million

• Endava posted a loss for the three months ended March 31, 2026, with loss before tax widening to GBP 372 million from a profit a year earlier as revenue fell 8.4% to GBP 178.5 million.
• Diluted loss per share was GBP 7.55, swinging from EPS of GBP 0.18 a year earlier, after a GBP 364.6 million non-cash goodwill impairment.
• Net cash used in operating activities was GBP 0.4 million, swinging from cash from operations a year earlier, while cash and cash equivalents stood at GBP 48.4 million at March 31.
• AI-driven work rose to 15% of total revenue from 5% a year earlier, with updates including a collaboration with Mastercard and selection as a strategic partner by Tyl by NatWest.
• For the June quarter, revenue is expected at GBP 181 million to GBP 185 million, with adjusted diluted EPS seen at GBP 0.09 to GBP 0.13.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Endava plc published the original content used to generate this news brief via Business Wire (Ref. ID: 20260520825840) on May 21, 2026, and is solely responsible for the information contained therein.