Endava plc
- Open
- 2.80
- Day high
- 2.82
- Day low
- 2.71
- Prev close
- 2.80
- Volume
- 174K
- Mkt cap
- $149M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.6
- P/S
- 0.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$4K over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions reducing (13F)
Endava plc (DAVA) is a Technology company listed on NYSE. The stock is down 79% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4).
Endava plc (DAVA) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DAVA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 21, 2026 | $0.27 | $0.07 | -74.1% | $236M | -2.8% |
| Feb 19, 2026 | $0.21 | $0.21 | +0.0% | $244M | +32.6% |
| Sep 4, 2025 | $0.32 | $0.32 | +0.0% | $251M | +34.9% |
| May 14, 2025 | $0.31 | $0.24 | -23.4% | $252M | +27.2% |
| Feb 20, 2025 | $0.32 | $0.38 | +18.8% | $245M | +23.7% |
| Sep 19, 2024 | $0.29 | $0.28 | -3.4% | $246M | -2.4% |
| May 23, 2024 | $0.23 | $0.28 | +21.7% | $219M | -10.3% |
| Feb 29, 2024 | $0.37 | $0.37 | +0.0% | $232M | -0.8% |
| Nov 15, 2023 | $0.42 | $0.49 | +16.7% | $229M | +1.3% |
| Sep 19, 2023 | $0.56 | $0.71 | +26.8% | $240M | +3.0% |
| May 23, 2023 | $0.65 | $0.72 | +10.8% | $252M | +4.4% |
| Mar 21, 2023 | — | $0.32 | — | $252M | — |
DAVA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Druskin Bendirector | Sell | 244 | $2.89 |
| Jul 2, 2026 | Butcher Patrickdirector | Option | 1,212 | — |
| Jul 2, 2026 | Butcher Patrickdirector | Sell | 533 | $2.88 |
| Jul 2, 2026 | Hollister Kathryn Adirector | Option | 1,300 | — |
| Jul 2, 2026 | Hollister Kathryn Adirector | Sell | 261 | $2.89 |
| Jul 2, 2026 | PATTILLO DAVID ALEXANDERdirector | Option | 1,344 | — |
| Jul 2, 2026 | PATTILLO DAVID ALEXANDERdirector | Sell | 269 | $2.89 |
| Jul 2, 2026 | Druskin Bendirector | Option | 1,212 | — |
| Apr 2, 2026 | PATTILLO DAVID ALEXANDERdirector | Option | 1,344 | — |
| Apr 2, 2026 | PATTILLO DAVID ALEXANDERdirector | Sell | 538 | $4.43 |
| Apr 2, 2026 | Hollister Kathryn Adirector | Option | 1,300 | — |
| Apr 2, 2026 | Hollister Kathryn Adirector | Sell | 264 | $4.42 |
| Apr 2, 2026 | Druskin Bendirector | Option | 1,212 | — |
| Apr 2, 2026 | Druskin Bendirector | Sell | 486 | $4.43 |
| Apr 2, 2026 | Butcher Patrickdirector | Option | 1,212 | — |
Source: DAVA SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full DAVA insider & 13F page →Endava plc company profile
Overview
Endava plc (NYSE:DAVA) is a London-headquartered technology services company founded in 2000 that provides digital transformation and software engineering services to clients across multiple industries. The company went public in 2018 and has grown through both organic expansion and strategic acquisitions to become a global provider of technology consulting, software development, and digital advisory services. Endava operates across Europe, North America, Latin America, and Asia Pacific, serving clients in sectors including financial services, healthcare, telecommunications, and mobility with a workforce of approximately 11,800 employees.
Business
Endava operates as a technology services and digital transformation consultancy that helps enterprises modernize their technology infrastructure and develop digital capabilities. The company specializes in what is commonly called "digital transformation" - the process by which traditional businesses integrate digital technologies into their operations to improve efficiency, create new revenue streams, and enhance customer experiences. The company's core offerings span several interconnected areas. Software engineering services form the foundation, where Endava's developers build custom applications, modernize legacy systems, and create digital platforms for clients. Digital advisory services help organizations develop technology strategies and roadmaps for transformation initiatives. Cloud infrastructure services assist companies in migrating from traditional on-premises systems to cloud-based architectures that offer greater scalability and flexibility. Endava has developed particular expertise in artificial intelligence and machine learning implementations, helping clients integrate AI capabilities into their business processes. The company has created proprietary AI solutions including "Morpheus," an agentic AI platform, and "Compass," which are industry-specific accelerators that speed up AI deployment for clients. The company organizes its services around key industry verticals, with Banking and Capital Markets representing approximately 17% of revenue, Payments and Financial Services accounting for roughly 19%, Healthcare contributing 12% (significantly boosted by the GalaxE acquisition), Technology, Media and Telecommunications making up 21%, Insurance at 9%, and Mobility representing 9% of total revenue. The remaining revenue comes from other emerging sectors where Endava is expanding its presence.
Revenue model
Endava generates revenue primarily through professional services contracts where clients pay for the time and expertise of Endava's software engineers, consultants, and digital specialists. The company typically operates on a time-and-materials billing model, charging clients based on the hours worked by their technical teams, though they are increasingly moving toward outcome-based pricing for certain AI and transformation projects. The company's customers are primarily large enterprises and mid-market companies that need to modernize their technology infrastructure or develop new digital capabilities. These clients span industries like banking, insurance, healthcare systems, telecommunications companies, and automotive manufacturers. Endava often engages in multi-year relationships with clients, starting with specific projects and expanding into broader transformation partnerships. Revenue growth is driven by several factors including the ongoing digital transformation trend across industries, increasing demand for AI implementation services, and the need for legacy system modernization. The company benefits from geographic diversification, with North America representing 39% of revenue and showing strong 32% growth, while the UK accounts for 31% and Europe contributes 25% of total revenue. Margin pressures can arise from several sources. Talent acquisition costs in competitive markets like AI and cloud computing can compress profitability, as can periods of low utilization when consultants are "on the bench" between projects. The company currently maintains a bench rate of 6-7% of its workforce. Currency fluctuations also impact margins since Endava operates globally but reports in British pounds. Competition from larger consulting firms and offshore providers can pressure pricing, while economic downturns can lead to client budget cuts and project delays, as seen with some private equity-backed clients reducing spending during uncertain periods.
Competitive moat
Endava's competitive position relies on several factors, though its moat appears moderate rather than exceptionally strong. The company has developed deep expertise in specific industry verticals, particularly financial services and payments, where regulatory complexity and specialized knowledge create barriers to entry for generalist competitors. This domain expertise allows Endava to command premium pricing and develop long-term client relationships. The company's proprietary AI accelerators and tools like Morpheus and Compass provide some differentiation, as do strategic partnerships with technology leaders like OpenAI. Endava's global delivery model, with significant presence in cost-effective locations while maintaining proximity to major client markets, offers operational advantages over purely domestic competitors. However, the technology services industry is highly competitive with numerous well-funded competitors including large consulting firms like Accenture and IBM, Indian IT services giants like Infosys and TCS, and specialized boutique firms. The industry has relatively low barriers to entry for new competitors, and client switching costs, while present due to project complexity, are not prohibitively high. Endava's recent expansion into AI services represents both an opportunity and a vulnerability - while AI expertise is in high demand, the rapid pace of technological change means competitive advantages can erode quickly. The company's success depends heavily on its ability to continuously attract and retain top technical talent in an increasingly competitive labor market, which represents a key vulnerability to the business model.
Risks & safety
Endava demonstrates reasonable financial stability with some areas of concern around profitability and valuation metrics. • **Liquidity position**: Strong with £76 million in cash and short-term investments, current ratio of 1.88, and positive free cash flow of £40 million in the most recent quarter • **Debt levels**: Moderate debt-to-equity ratio of 0.27, indicating manageable leverage without excessive financial risk • **Profitability concerns**: Low EBITDA margins with recent quarterly EBITDA of only £2.1 million on £248 million revenue, indicating operational challenges • **Valuation metrics**: Extremely high EV/EBITDA of 237x and P/E ratio of 54x suggest significant valuation risk • **Cash generation**: Positive operating cash flow of £41 million provides some cushion, though well below historical levels • **Growth trajectory**: Revenue growth has decelerated to single digits after years of strong double-digit expansion • **Integration risks**: Ongoing GalaxE acquisition integration creates execution risk and margin pressure in near term
Recent development
Over the past few years, Endava has undergone significant strategic evolution focused on AI capabilities and geographic expansion. The company completed the acquisition of GalaxE Solutions, a US-based healthcare technology firm, which not only expanded their healthcare vertical from minimal presence to 12% of revenue but also established a significant delivery presence in India with cost-effective talent pools. The company has made substantial investments in artificial intelligence and automation, developing proprietary solutions including the Morpheus agentic AI platform and industry-specific AI accelerators called Compass. These tools help clients implement AI solutions more rapidly than building from scratch. Endava has also formed a strategic partnership with OpenAI to deploy ChatGPT enterprise licenses across their organization and client base. Geographic diversification has been a key strategic focus, with North America now representing 39% of revenue and showing strong 32% growth. The company has expanded its delivery footprint in Asia Pacific, which now represents 17% of their workforce, providing cost advantages and access to specialized talent pools. The company launched Dava.X, specialized teams focusing on emerging technologies, and has been investing heavily in core system modernization capabilities. This positions them to help enterprise clients not just build new digital capabilities around existing systems, but fundamentally transform their core technology infrastructure. Recent quarters have seen a shift toward larger, longer-term strategic partnerships rather than smaller project-based engagements, reflecting the company's evolution toward more comprehensive transformation partnerships.
DAVA company profile · for informational purposes only — not investment advice.
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