Endava plc financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Endava plc files with the SEC in its annual reports.

In GBP millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	115	159	218	288	351	446	655	795	741	772
Cost of revenue	75	109	145	189	251	292	437	531	561	579
Gross profit	40.4	50.6	72.2	98.8	100	154	218	264	180	194
General and administrative	20.5	27.6	46.7	65.8	77.2	90.6	123	151	160	162
Operating income	19.9	23.1	25.4	33	20	63.6	95.4	113	20.1	31.5
Interest expense	0.17	1.38	0.82	6.3	1.94	9.31	3.14	14.8	10	15.5
Interest income	1.07	0.02	0.04	3.43	3.11	0.12	10.1	16.1	16.9	8.07
Pre-tax income	20.8	21.7	24.7	30.1	23.4	54.4	102	114	27	24.1
Income tax	4.13	4.87	5.68	6.09	3.37	10.9	19.3	20	9.86	2.9
Net income	16.7	16.8	19	24	20	43.5	83.1	94.2	17.1	21.2
EPS, basic	0.35	0.35	0.40	0.45	0.37	0.79	1.48	1.64	0.29	0.36
EPS, diluted	0.32	0.32	0.36	0.42	0.36	0.76	1.43	1.62	0.29	0.36

Balance sheet

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	12.9	23.6	15	70.2	101	69.9	163	165	62.4	59.3
Receivables		41.5	52.4	65.9	82.6	118	163	180	194	210
Inventory		0.06	0.02
Total current assets		65.8	68.1	137	187	190	328	348	268	282
Property, plant and equipment		7.49	8.58	10.6	12.7	13.3	21.3	25.9	20.8	14.2
Lease right-of-use assets					51.1	57.2	50.8	65.1	53.3	41.5
Goodwill		16.2	41.1	36.8	57	126	146	239	508	473
Intangible assets		16	30.8	25.2	33.1	62.3	56.2	65.5	131	101
Total assets		106	151	223	357	469	622	770	1,009	936
Accounts payable		24.4	40.2	48.5	58.6	78.5	98.3	91.8	119	96.8
Short-term debt		29.4	19.7	0.02
Total current liabilities		54.8	71.1	54.2	76.5	103	128	121	154	122
Lease liabilities				0	42.2	50.1	44	54.4	43.6	33.4
Total liabilities		57.7	81.5	59.2	125	173	189	199	370	353
Total debt		29.5	19.8	0.02	0	0	0	0	145	181
Paid-in capital		2.68	2.68	0.13	0.22	0.25	9.15	14.6	21.3	21.3
Retained earnings		38.1	59.3	144	210	279	398	523	574	575
Total equity	29.8	48.7	69.6	164	232	296	433	571	639	583
Total liabilities and equity		106	151	223	357	469	622	770	1,009	936

Cash flow statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	16.7	16.8	19	24	20	43.5	83.1	94.2	17.1	21.2
Cash from operations	10.9	14.7	34	35.3	37.9	87.7	121	125	54.4	52.8
Cash from investing	-7.26	-19.5	-31.8	-10.1	-27.4	-106	-23.9	-111	-290	-9.94
Debt issued	15.1	17	26.5	3.5	0	0
Debt repaid	-3.36	-3.46	-36.8	-23.5	-0.96	0	0
Stock issued		0	0	44.8	0	0
Share buybacks	0	-1.24	0	0				0	0	-64.8
Dividends paid	-18.2	0	0	0	0	0	0	0	0	0
Cash from financing	-4.62	14.8	-10.7	26.4	20.9	-11.9	-5.08	-11	135	-45.1
Exchange rate effect	0.57	0.55	0.02	3.47	-0.22	-0.78	1.16	-0.77	-1.47	-0.72
Income taxes paid	3.8	5.47	5.61	5.9	5.88	3.12	14	22.7	14.3	12.8

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Gross margin	25.1%	Gross profit / revenue.
Operating margin	4.1%	Operating income / revenue.
Pre-tax margin	3.1%	Pre-tax income / revenue.
Net margin	2.7%	Net income / revenue.
Operating cash flow margin	6.8%	Cash from operations / revenue.
Effective tax rate	12.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	2.2%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	4.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	5.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	17.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	7.8%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-3.9%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	14.0%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	56.4%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-30.9%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	9.5%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	23.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-36.6%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	1.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	24.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-36.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	0.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-3.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-24.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	6.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-7.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	14.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	21.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.32x	Current assets / current liabilities.
Quick ratio	2.21x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.49x	(Cash + short-term investments) / current liabilities.
Debt / assets	19.3%	Total debt / total assets.
Liabilities / assets	37.7%	Total liabilities / total assets.
Net debt	£121.6M	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	2.04x	Operating income / interest expense.
Working capital	£160.1M	Current assets - current liabilities.
Goodwill and intangibles / assets	61.4%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.79x	Revenue / average total assets.
Fixed asset turnover	44.2x	Revenue / average property, plant and equipment.
Receivables turnover	3.83x	Revenue / average receivables.
Days sales outstanding	95 days	365 x average receivables / revenue.
Days payables	68 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	£0.36	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	£0.36	Net income per basic share, as reported (split-adjusted).
Payout ratio	0.0%	Dividends paid / net income, when net income is positive.

What was Endava plc's revenue in fiscal 2025?

Endava plc reported revenue of £772.3M for fiscal 2025, 4.3% higher than the year before.

Was Endava plc profitable in fiscal 2025?

Yes. Net income was £21.2M, a net margin of 2.7%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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