Nagarro presents Q1 2026 numbers, posts 6.5% YoY revenue growth in constant currency
Rhea-AI Summary
Nagarro (OTC:NGRRF) reported unaudited Q1 2026 results with revenue of €248.1 million, up 0.5% YoY and 6.5% YoY in constant currency. Gross margin improved to 31.2% and adjusted EBITDA margin to 12.6%.
EBITDA rose 17.4% YoY, EBIT 24.6% YoY, and net profit 70.7% YoY to €19.2 million. Operating cash flow turned slightly negative at €-0.3 million, DSO increased to 86 days, cash fell to €112.6 million while loans and borrowings were €310.9 million. Clients above €1 million LTM revenue declined to 179; headcount grew by 540 to 18,543.
AI-generated analysis. Not financial advice.
Positive
- Revenue €248.1m, up 6.5% YoY in constant currency
- Gross margin improved from 30.6% to 31.2% YoY
- Adjusted EBITDA rose to €31.2m, up 3.3% YoY
- Adjusted EBITDA margin increased from 12.2% to 12.6%
- EBITDA increased 17.4% YoY to €38.8m
- Net profit grew 70.7% YoY to €19.2m
Negative
- Reported revenue grew only 0.5% YoY in euros
- Organic revenue declined 1.1% YoY in euro terms
- Operating cash flow swung to €-0.3m from €37.5m
- Days sales outstanding increased from 82 to 86 days
- Cash balance fell from €124.6m to €112.6m in Q1 2026
- Clients with >€1m LTM revenue decreased from 186 to 179
News Market Reaction – NGRRF
On the day this news was published, NGRRF gained 0.02%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
In Q1 2026, revenue grew to
EBITDA increased by
Operating cash flows in Q1 2026 declined to negative
Nagarro's cash balance at the end of March 31, 2026, was
Manas Human, co-founder and CEO of Nagarro, said, "Our Q1 year-over-year growth came in as guided. We are advancing as an AI transformation and engineering company, and strengthening our advisory capabilities to be a trusted partner for our clients' AI transformation."
The summary of Q1 2026 unaudited numbers is as follows:
Q1 | Q1 | Growth | ||||
mEUR | mEUR | |||||
Revenue | 248.1 | 246.9 |
| |||
Gross profit | 77.4 | 75.5 | ||||
Gross margin | 31.2 % | 30.6 % | ||||
Adjusted EBITDA | 31.2 | 30.2 | ||||
Adjusted EBITDA margin | 12.6 % | 12.2 % | ||||
EBITDA | 38.8 | 33.0 | ||||
EBIT | 30.0 | 24.1 | ||||
Net profit | 19.2 | 11.2 | ||||
Nagarro SE will hold its earnings call to discuss Q1 2026 results on May 15, 2026, at 01:00 pm CEST (04:00 am PT / 06:00 am CT / 07:00 am ET / 12:00 pm BST / 03:00 pm GST / 04:30 pm IST / 07:00 pm SGT / 08:00 pm JST).
To attend, please register in advance at https://www.nagarro.com/en/investor-relations/quarterly-statement-call-q1-2026.
About Nagarro
Nagarro, a global AI transformation and engineering leader, helps clients become fluidic, innovative, AI-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its Fluidic Intelligence vision. Nagarro employs around 18,500 people in 40 countries. For more information, please visit www.nagarro.com.
(FRA: NA9) (SDAX/TecDAX) (ISIN: DE000A3H2200) (WKN A3H220)
For inquiries, please contact press@nagarro.com.
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SOURCE Nagarro