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The latest update is out from Endava ( (DAVA) ).
Endava reported results for the quarter ended March 31, 2026, showing an 8.4% year-on-year revenue decline to £178.5 million and a sharp swing to a £394.4 million net loss, driven largely by a £364.6 million goodwill impairment and the derecognition of its U.K. deferred tax asset. Operating cash generation deteriorated, adjusted profit before tax fell to £3.2 million, adjusted free cash flow turned slightly negative and client metrics softened, underscoring the impact of elongated deal cycles and tighter tech budgets.
Management acknowledged this as one of the company’s most challenging periods in recent years but highlighted strategic progress in AI-native delivery and payments, including new collaborations with Mastercard and Tyl by NatWest, which helped lift AI-driven business from 5% to 15% of revenue versus a year earlier. Despite current headwinds, Endava continued its share repurchase program, buying back more than 8 million ADSs by March 31, 2026, signalling confidence in its longer-term positioning even as near-term profitability and growth remain under pressure.
The most recent analyst rating on (DAVA) stock is a Hold with a $3.84 price target. To see the full list of analyst forecasts on Endava stock, see the DAVA Stock Forecast page.
Spark’s Take on DAVA Stock
According to Spark, TipRanks’ AI Analyst, DAVA is a Neutral.
The score is primarily held back by deteriorating financial performance (revenue decline, net loss, and sharp margin compression) and clearly bearish technical signals (below key moving averages with negative MACD). Earnings call commentary adds modest support via sequential recovery expectations, strong near-term coverage, and AI traction, but valuation lacks dividend support and the P/E is not compelling relative to the weakened profitability.
To see Spark’s full report on DAVA stock, click here.
More about Endava
Endava plc is a London-headquartered, technology-driven business transformation group listed on the NYSE under the ticker DAVA. The company focuses on combining an AI-native engineering approach with deep industry expertise, with a particular emphasis on payments, banking and capital markets, insurance, telecommunications, media, technology, mobility and healthcare across North America, Europe, the U.K. and other regions.
Average Trading Volume: 325,267
Technical Sentiment Signal: Sell
Current Market Cap: $224.8M
For detailed information about DAVA stock, go to TipRanks’ Stock Analysis page.