Nagarro SE NA9.DE
Quarterly and annual results for Nagarro stock (NA9.DE) since 2023: revenue, earnings, balance sheet, cash flow and management guidance from IR documents, every figure with its source. As of 04/2026, quarterly reporting. Latest reading: Acquisition, Margin expanding, Guidance cut, Strategic pivot, Revenue decelerating.
strategy: Acquisition Margin expanding Guidance cut strategy: Strategic pivot Revenue decelerating ◦
Published by Michael Wirl · About us · Methodology
The new quarter, monitored by AI. · We follow every stock through its original filings: the latest figures against their history, guidance against actuals; neutral, continuously updated, every figure clickable with its source.
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Not investment adviceNeutral financial information, no recommendation, no investment research within the meaning of MiFID II.
Verify yourselfFigures are extracted automatically, errors are possible. Every figure is clickable with its source; the issuer's original documents are always authoritative.
EditorialThe texts (business model, current status, development and others) are written AI-editorially from the original reports alone, cross-checked automatically and backed with sources; the company's own account, no assessment of our own. Methodology
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Business Model#
What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.
Nagarro SE is a global software engineering and technology services company that generates revenue through custom software development, digital transformation projects, and IT consulting engagements for enterprise clients. The company serves industries including Automotive, Manufacturing and Industrial, and others, employing over 18,000 professionals - primarily engineers - in delivery geographies worldwide. Services are provided on project-based and ongoing engagement models, with the client base concentrated in Europe and other developed markets. As of H1 2026, Nagarro is the subject of a pending public takeover offer by Persistent Systems Limited, which would integrate Nagarro into a larger IT services group upon completion.
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Current Status#
Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.
Nagarro SE recorded Q2 2026 revenue of 252.4 million EUR, bringing H1 2026 total revenue to 500.5 million EUR with H1 year-on-year growth of 4.2% in constant currency and 0.3% in Euro terms 33. Q2 2026 operating income was 19.2 million EUR, with Q2 net income of 10.6 million EUR and diluted EPS of 0.86 EUR 144. H1 2026 net profit and adjusted EBITDA margin both improved compared with H1 2025, partly supported by non-recurring items including FX revaluation gains and the absence of prior-period tax withholdings on intra-group dividends 33. The defining event of the period was the June 26, 2026 business combination agreement with Persistent Systems Limited for a voluntary public takeover offer at EUR 81.00 per share, subject to regulatory approvals and a 50% plus one share acceptance threshold 33.
Management commentary on the FY2025 results (IR-Annual, 2026-04-27):
„Together: To enhance collaboration and cross-selling, while reducing duplication of effort, particularly in AI topics.“ – Manas Human, Co-Founder & Chairperson of the Management Board 31
„Across: To encourage and empower our industry teams to capture business across key regions, rather than focusing on one or the other region for legacy reasons.“ – Manas Human, Co-Founder & Chairperson of the Management Board 31
Revenue · 2026-Q2252€m+0.2 % vs. 2025-Q2
Net profit · 2026-Q211€m+27.7 % vs. 2025-Q2
EPS · 2026-Q20.86€+34.4 % vs. 2025-Q2
Revenue trend
Guidance
For FY2026, the company guides Revenue to between €1,000 million and €1,060 million (raised); Gross margin (GAAP) to approximately 32% (confirmed); EBITDA margin to between 14.5% and 15.5% (raised). 31.
ProfitabilityH1 2026 net profit reached 29.8 million EUR compared with 19.6 million EUR in H1 2025, with the increase driven by the absence of tax withholdings on intra-group dividends in the current period 33. Adjusted EBITDA for H1 2026 increased by EUR 8.3 million year-on-year to 69.1 million EUR, primarily attributable to FX revaluation gains on intra-group loans, lifting the adjusted EBITDA margin to 13.8% from 12.2% in H1 2025 33. Gross margin remained broadly stable at 31.8% in H1 2026 compared with 31.9% in H1 2025 33.
LeverageNet debt at the end of Q2 2026 was 181.9 million EUR, with cash and cash equivalents of 128.6 million EUR at June 30, 2026 144. The net debt to adjusted EBITDA ratio improved to 1.7x at June 30, 2026 from 1.9x at December 31, 2025 33. The equity ratio increased to 23% at June 30, 2026 from 21% at December 31, 2025 33.
Management viewThe June 26, 2026 business combination agreement with Persistent Systems marks a transition of Nagarro's ownership into a larger global IT services organization 33. H1 2026 revenue growth was driven by the Automotive, Manufacturing and Industrial segment, and total professionals reached 18,711 as of June 30, 2026 from 17,447 a year earlier, with 17,037 in engineering roles 33. Prateek Aggarwal was appointed Chief Financial Officer and member of the Management Board effective May 1, 2026 33.
ChangeQ2 2026 organic revenue growth was 0.6% in constant currency, with Euro-terms revenue declining 1.1% year-on-year due to currency effects 33. Revenue concentration among the top 5 customers rose to 16.3% in H1 2026 from 14.8% in H1 2025 33. The client satisfaction score (CSAT) declined to 93.0% in H1 2026 from 93.8% in H1 2025, while the Net Promoter Score improved to 68 from 67 33.
Risks (current)Completion of the pending Persistent Systems takeover offer remains subject to regulatory approvals; Persistent intends to pursue delisting of Nagarro shares from the Frankfurt Stock Exchange following close, and the transition process creates exposure to customer delays, employee attrition or recruitment difficulties 33. Global GDP growth is expected at 2.8% in 2026 versus 3.4% in 2025, with IT services spending growth subdued at 5% despite worldwide IT spending rising 14.2%, and clients are reported to remain selective in initiating new projects, prioritizing those with the strongest expected ROI 33. Middle East conflict is cited as disrupting shipment routes and energy infrastructure, raising energy prices and industrial input costs 33.
New this reporting periodOn June 26, 2026, Nagarro SE entered into a business combination agreement with Persistent Systems Limited, under which Persistent will make a voluntary public takeover offer for all Nagarro shares at EUR 81.00 per share, with closing anticipated in Q4 2026 or Q1 2027 33. Persistent committed not to enter into a domination and profit and loss transfer agreement for two years following close, with the offer subject to customary closing conditions including regulatory approvals and a minimum acceptance threshold of 50% plus one share 33.
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Price & Chart#
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Share-Price Drivers#
Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.
Public takeover offer and business combination agreement with Persistent Systems Limited
A public takeover offer and a business combination agreement with Persistent Systems Limited were announced on 2026-06-26, a corporate-control event that overshadows operating fundamentals for the shares 33
A public takeover offer and a business combination agreement with Persistent Systems Limited were announced on 2026-06-26, a corporate-control event that overshadows operating fundamentals for the shares 33
Persistent Systems takeover offer and combination agreement
Public takeover offer and business combination agreement with Persistent Systems Limited both dated 2026-06-26 and still shown as planned/pending 33
Public takeover offer and business combination agreement with Persistent Systems Limited both dated 2026-06-26 and still shown as planned/pending 33
Vertical demand mix
In 2026-H1 growth was uneven across verticals: Energy, Utilities and Building Automation and Travel and Logistics grew while Telecom, Media and Entertainment and Life Sciences and Healthcare declined; overall revenue was broadly flat 33
In 2026-H1 growth was uneven across verticals: Energy, Utilities and Building Automation and Travel and Logistics grew while Telecom, Media and Entertainment and Life Sciences and Healthcare declined; overall revenue was broadly flat 33
Energy, Utilities and Building Automation traction
Energy, Utilities and Building Automation posted the strongest vertical growth of 15.7% in 2026-H1, indicating this offering is gaining traction 33
Energy, Utilities and Building Automation posted the strongest vertical growth of 15.7% in 2026-H1, indicating this offering is gaining traction 33
North America and geographic footprint
North America revenue rose 3.5% and Rest of Europe rose 5.1% in 2026-H1, while Rest of World was lower 33
North America revenue rose 3.5% and Rest of Europe rose 5.1% in 2026-H1, while Rest of World was lower 33
Bolt-on acquisitions and consolidation
A steady cadence of acquisitions (e.g. Marlo Group, Inaho Digital Solutions, Charles Hudson Technology Solutions, Notion Edge) and legal-entity mergers continued through FY2025 into 2026 31
A steady cadence of acquisitions (e.g. Marlo Group, Inaho Digital Solutions, Charles Hudson Technology Solutions, Notion Edge) and legal-entity mergers continued through FY2025 into 2026 31
Operating profitability recovery
After a net loss in 2025-Q4, operating income recovered to 30 in 2026-Q1 and 19.2 in 2026-Q2, with net income back to 10.6 144
After a net loss in 2025-Q4, operating income recovered to 30 in 2026-Q1 and 19.2 in 2026-Q2, with net income back to 10.6 144
Sector trend: IT services demand is mixed: several verticals such as energy/utilities and travel are expanding while telecom, media and life sciences contract, leaving overall revenue broadly flat 33. Profitability is trending higher after the 2025-Q4 trough, with operating income rebuilding through 2026-H1 144.
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Event Timeline#
This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.
Overview: one dot per event · click jumps to the period
2026 · 9 events
2026-Q2 · Apr – Jun 2026
„Together: To enhance collaboration and cross-selling, while reducing duplication of effort, particularly in AI topics.“ – Manas Human, Co-Founder & Chairperson of the Management Board 31
earnings 2026-06-30
H1 adjusted EBITDA rose to €69.1 million (13.8% of revenue) from €60.8 million in H1 2025, primarily due to FX revaluation gains on intra-group loans rather than operational improvement 33
H1 adjusted EBITDA rose to €69.1 million (13.8% of revenue) from €60.8 million in H1 2025, primarily due to FX revaluation gains on intra-group loans rather than operational improvement 33
Revenue decelerating ◦ 2026-06-30
Q2 2026 organic revenue growth slowed to 0.6% in constant currency and was negative 1.1% in Euro terms 33
Q2 2026 organic revenue growth slowed to 0.6% in constant currency and was negative 1.1% in Euro terms 33
Acquisition 2026-06-30
Nagarro entered into a business combination agreement with Persistent Systems Limited at EUR 81 per share on June 26, 2026, subject to minimum 50% plus one share acceptance and regulatory approvals 33
Nagarro entered into a business combination agreement with Persistent Systems Limited at EUR 81 per share on June 26, 2026, subject to minimum 50% plus one share acceptance and regulatory approvals 33
Margin expanding 2026-04-27
Full-year gross margin improved to 32.2% from 30.4% through operational efficiencies and enhanced project utilization 31
Full-year gross margin improved to 32.2% from 30.4% through operational efficiencies and enhanced project utilization 31
Guidance cut 2026-04-27
Revised Adjusted EBITDA margin guidance downward to 13.5-14.5% from 14.5-15.5% due to foreign exchange impacts 31
Revised Adjusted EBITDA margin guidance downward to 13.5-14.5% from 14.5-15.5% due to foreign exchange impacts 31
Strategic pivot 2026-04-27
Strategic reorganization into 6 industry business units and 4 capability business units with 2 units focused on AI 31
Strategic reorganization into 6 industry business units and 4 capability business units with 2 units focused on AI 31
2026-Q1 · Jan – Mar 2026
Net income turned positive 2026-06-30
Net profit rose to 19.2 million from €11.2 million in Q1 2025, driven by lower income tax expense and higher EBIT 34
Net profit rose to 19.2 million from €11.2 million in Q1 2025, driven by lower income tax expense and higher EBIT 34
Revenue decelerating ◦ 2026-06-30
Revenue reached 248.1 million, up 0.5% YoY in Euro terms, as 4.8% organic constant-currency growth was largely offset by adverse FX movements 34
Revenue reached 248.1 million, up 0.5% YoY in Euro terms, as 4.8% organic constant-currency growth was largely offset by adverse FX movements 34
Margin expanding 2026-06-30
Gross margin improved to 31.2% from 30.6% in Q1 2025, driven by higher project utilization 34
Gross margin improved to 31.2% from 30.6% in Q1 2025, driven by higher project utilization 34
2025 · 14 events
2025-H2 · Jul – Dec 2025
Segment divergence 2026-04-27
Germany revenue grew +61.0% to 176.6 EURm in 2025-H2 (50% of group revenue) while group revenue changed -47.0%. 31
Germany revenue grew +61.0% to 176.6 EURm in 2025-H2 (50% of group revenue) while group revenue changed -47.0%. 31
2025-Q4 · Oct – Dec 2025
Operating income halved 2026-04-27
Operating income more than halved YoY (24.5 to 0.7 EURm, -97%). 34
Operating income more than halved YoY (24.5 to 0.7 EURm, -97%). 34
2025-Q3 · Jul – Sep 2025
earnings 2025-06-30
Adjusted EBITDA decreased to €104.8 million in 9M 2025 from €109.3 million in 9M 2024, primarily due to negative foreign currency impact 26
Adjusted EBITDA decreased to €104.8 million in 9M 2025 from €109.3 million in 9M 2024, primarily due to negative foreign currency impact 26
Revenue accelerating 2025-06-30
Revenue grew 4.8% YoY in Q3 2025 (9.4% in constant currency) and 3.9% for 9M 2025 (6.3% in constant currency) 26
Revenue grew 4.8% YoY in Q3 2025 (9.4% in constant currency) and 3.9% for 9M 2025 (6.3% in constant currency) 26
2025-Q2 · Apr – Jun 2025
„Despite market uncertainties and external pressures, Nagarro demonstrated remarkable resilience, delivering strong results and reinforcing our position as a trusted partner for digital transformation.“ – Manas Human, Co-founder and CEO 35
revenue 2025-06-30
Revenue reached 252 million with YoY growth of 4.7% (3.2% constant currency) amid macro challenges and demand slowdown 30
Revenue reached 252 million with YoY growth of 4.7% (3.2% constant currency) amid macro challenges and demand slowdown 30
Margin expanding 2025-06-30
Gross margin improved to 31.9% in H1 2025 from 30.5% in H1 2024, reflecting stronger operational efficiency 28
Gross margin improved to 31.9% in H1 2025 from 30.5% in H1 2024, reflecting stronger operational efficiency 28
Acquisition 2025-06-30
Acquired the business of Notion Edge France, an SAP gold partner specializing in SAP Customer Experience suite 30
Acquired the business of Notion Edge France, an SAP gold partner specializing in SAP Customer Experience suite 30
earnings 2025-05-14
Adjusted EBITDA increased 16.9% to €147.5 million (15.2% of revenue), exceeding full-year guidance of approximately 14% 35
Adjusted EBITDA increased 16.9% to €147.5 million (15.2% of revenue), exceeding full-year guidance of approximately 14% 35
revenue 2025-05-14
Full-year revenue grew 6.6% to 972 million, led by Automotive, Manufacturing and Industrial (+10.3%), Public, Non-profit, Education (+27.4%), and Retail and CPG (+8.6%) 35
Full-year revenue grew 6.6% to 972 million, led by Automotive, Manufacturing and Industrial (+10.3%), Public, Non-profit, Education (+27.4%), and Retail and CPG (+8.6%) 35
Strategic pivot 2025-05-14
First-ever dividend of €1.00 per share proposed for FY2024 and share buyback program of up to €70 million authorized through September 2025 35
First-ever dividend of €1.00 per share proposed for FY2024 and share buyback program of up to €70 million authorized through September 2025 35
2025-Q1 · Jan – Mar 2025
earnings 2025-06-30
Adjusted EBITDA declined to €30.2 million (12.2% margin) from €39.2 million (16.4% margin) in Q1 2024, primarily due to stock option reversals offset by retention bonus expenses 27
Adjusted EBITDA declined to €30.2 million (12.2% margin) from €39.2 million (16.4% margin) in Q1 2024, primarily due to stock option reversals offset by retention bonus expenses 27
Revenue accelerating ◦ 2025-06-30
Revenue grew 3.6% year-over-year to 246.9 million with organic growth of 2.9% in Euro terms, despite cautious client spending amid US tariff threats 27
Revenue grew 3.6% year-over-year to 246.9 million with organic growth of 2.9% in Euro terms, despite cautious client spending amid US tariff threats 27
New market 2025-06-30
Announced global strategic partnerships with a Japanese trading house and a Taiwanese hardware company to create new growth avenues 27
Announced global strategic partnerships with a Japanese trading house and a Taiwanese hardware company to create new growth avenues 27
2024 · 8 events
2024-Q3 · Jul – Sep 2024
Acquisition 2024-10-30
Nagarro acquired FWD View Limited, a UK-based specialist in financial market data transformations and visualization with approximately 50 experts 38
Nagarro acquired FWD View Limited, a UK-based specialist in financial market data transformations and visualization with approximately 50 experts 38
Strategic pivot 2024-10-16
Nagarro announced it is in talks with interested parties regarding a potential take-private including a public tender offer 38
Nagarro announced it is in talks with interested parties regarding a potential take-private including a public tender offer 38
2024-Q2 · Apr – Jun 2024
earnings 2024-06-30
H1 2024 adjusted EBITDA increased 23.7% to €74.7 million (15.5% of revenue) from €60.3 million (13.2% of revenue) in H1 2023 18
H1 2024 adjusted EBITDA increased 23.7% to €74.7 million (15.5% of revenue) from €60.3 million (13.2% of revenue) in H1 2023 18
Revenue accelerating 2024-06-30
Q2 2024 revenue 244.1 million, growing 7.6% year-over-year in constant currency; H1 2024 revenue grew 5.7% to €482.4 million 18
Q2 2024 revenue 244.1 million, growing 7.6% year-over-year in constant currency; H1 2024 revenue grew 5.7% to €482.4 million 18
2024-Q1 · Jan – Mar 2024
earnings 2024-06-30
Adjusted EBITDA grew 24.7% to €39.2 million (16.4% of revenue) from €31.4 million (13.7% of revenue) in Q1 2023 37
Adjusted EBITDA grew 24.7% to €39.2 million (16.4% of revenue) from €31.4 million (13.7% of revenue) in Q1 2023 37
Revenue accelerating 2024-06-30
Q1 2024 revenue reached 238.3 million, growing 5.0% year-over-year in constant currency and 3.8% in Euro terms 37
Q1 2024 revenue reached 238.3 million, growing 5.0% year-over-year in constant currency and 3.8% in Euro terms 37
Guidance initiated 2024-02-20
FY2024 guidance initiated: revenue approximately €1 billion and adjusted EBITDA margin approximately 14% versus 13.8% in 2023 19
FY2024 guidance initiated: revenue approximately €1 billion and adjusted EBITDA margin approximately 14% versus 13.8% in 2023 19
2023 · 13 events
2023-Q4 · Oct – Dec 2023
Margin compressing 2023-12-31
FY2023 adjusted EBITDA margin of 13.8% (down from 17.3% in 2022) and gross margin of 25.8% (down from 28.9% in 2022), both attributed to excess production capacity 16
FY2023 adjusted EBITDA margin of 13.8% (down from 17.3% in 2022) and gross margin of 25.8% (down from 28.9% in 2022), both attributed to excess production capacity 16
Strategic pivot 2023-12-31
Segment reporting structure changed from four reportable segments to a single reportable segment in Q4 2023 16
Segment reporting structure changed from four reportable segments to a single reportable segment in Q4 2023 16
2023-Q3 · Jul – Sep 2023
Revenue decelerating ◦ 2023-06-30
Q3 constant currency revenue growth of 6.6% YoY with 2.3% organic growth 6
Q3 constant currency revenue growth of 6.6% YoY with 2.3% organic growth 6
Margin compressing 2023-06-30
9M 2023 adjusted EBITDA margin compressed to 13.4% from 18.8% in 9M 2022, with a 500-person headcount reduction undertaken in Q3 to address excess production capacity 4
9M 2023 adjusted EBITDA margin compressed to 13.4% from 18.8% in 9M 2022, with a 500-person headcount reduction undertaken in Q3 to address excess production capacity 4
Acquisition 2023-06-30
Agreed to acquire Telesis7 (US wireless and MVNO services, approximately 70 employees, 2022 revenues approximately USD 10.5 million) with maximum purchase price of USD 17.0 million, effective November 1, 2023 4
Agreed to acquire Telesis7 (US wireless and MVNO services, approximately 70 employees, 2022 revenues approximately USD 10.5 million) with maximum purchase price of USD 17.0 million, effective November 1, 2023 4
2023-Q2 · Apr – Jun 2023
Margin compressing 2023-06-30
H1 2023 adjusted EBITDA margin compressed to 13.2% from 17.5% in H1 2022, with excess production capacity costing over 4% of revenue 39
H1 2023 adjusted EBITDA margin compressed to 13.2% from 17.5% in H1 2022, with excess production capacity costing over 4% of revenue 39
Guidance cut 2023-06-30
FY2023 guidance revised down to approximately EUR 915 million revenue and approximately 13% adjusted EBITDA margin 39
FY2023 guidance revised down to approximately EUR 915 million revenue and approximately 13% adjusted EBITDA margin 39
Acquisition 2023-06-30
Acquired Infocore (industry 4.0 and manufacturing operations), MBIS (SAP services, Turkey), and APSL (technology services, Spain) in Q2 2023, adding 736 professionals and opening the Spanish market 39
Acquired Infocore (industry 4.0 and manufacturing operations), MBIS (SAP services, Turkey), and APSL (technology services, Spain) in Q2 2023, adding 736 professionals and opening the Spanish market 39
2023-Q1 · Jan – Mar 2023
Guidance cut 2023-06-30
FY2023 adjusted EBITDA margin guidance revised down to approximately 15% from prior 17.3%; revenue guidance updated to approximately EUR 940 million 2
FY2023 adjusted EBITDA margin guidance revised down to approximately 15% from prior 17.3%; revenue guidance updated to approximately EUR 940 million 2
Revenue accelerating ◦ 2023-05-16
Revenue of 229.5 million, up 23.7% YoY with organic growth of 22.2% in constant currency 1
Revenue of 229.5 million, up 23.7% YoY with organic growth of 22.2% in constant currency 1
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Key Figures (€m)#
The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Revenue (€m) · annual basis, as reported
Net income (€m) · annual basis, as reported
EPS (€) · annual basis, as reported
Operating cash flow (€m) · annual basis, as reported
Revenue (€m) · quarterly basis, as reported
Net income (€m) · quarterly basis, as reported
EPS (€) · quarterly basis, as reported
Operating cash flow (€m) · quarterly basis, as reported
Cash (€m) · annual basis, as reported
Debt (€m) · annual basis, as reported
Net Debt (€m) · annual basis, as reported
Cash (€m) · quarterly basis, as reported
Debt (€m) · quarterly basis, as reported
Net Debt (€m) · quarterly basis, as reported
Capex (€m) · quarterly basis, as reported
FCF (€m) · quarterly basis, as reported
D&A (€m) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2022 is on record.
Fiscal years
Amounts in €m · EPS in € per share · as reported
| Period | Revenue | Op. income | Net income | EPS (€) | EBITDA (adj.) | OCF | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | 999.3 | 83EBIT | 39.5~ | 3.08 | 138.2 | 102.8 | 141 |
| FY2024 | 972 | 96.7~EBIT | 49.2 | 3.69 | 147.5 | 86.5 | 23 |
| FY2023 | 912.1 | 86.2EBIT | 52.1 | 3.86~ | 126.1 | 77.7 | 1 |
Quarters
Amounts in €m · EPS in € per share · as reported
| Period | Published | Revenue | Op. income | Net income | EPS (€) | EBITDA (adj.) | FCF | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2* | 2026-06-30 | 252.4 | 19.2 | 10.6 | 0.86*≈ | 37.8 | – | 128.6~ | 181.9~ | 144 |
| 2026-Q1* | 2026-06-30 | 248.1 | 30EBIT | 19.2 | 1.55 | 31.2 | – | 112.6 | 267.5 | 145 |
| 2025-Q4* | 2026-04-27 | 245.9 | 0.7 | -1.5 | -0.12*≈ | 33.4 | – | 124.6 | 185.5~ | 34 |
| 2025-Q3* | 2025-06-30 | 254.6 | 34.9 | 21.4 | 1.69 | 44 | 32.3 | 128.1 | 173 | 131 |
| 2025-Q2* | 2025-06-30 | 252 | 23.4 | 8.3 | 0.64*≈ | 30.5 | 11.2 | 120.4 | 171.9 | 144 |
| 2025-Q1* | 2025-06-30 | 246.9 | 24.1EBIT | 11.2 | 0.85 | 30.2 | 27.5~ | 158~ | 144.5~ | 145 |
| 2024-Q4* | 2025-05-14 | 246.6 | 24.5 | 7.8 | 0.59*≈ | 38.2 | – | 186.9~ | 142.7~ | 35 |
| 2024-Q3* | 2024-06-30 | 242.9 | 22.6EBIT | 12.7 | 0.96 | 34.6 | 36.3 | 140.2 | 140.3 | 131 |
| 2024-Q2* | 2024-06-30 | 244.1 | 23.1 | 12 | 0.90*≈ | 35.5 | -2.6 | 116.6~ | 168~ | 38 |
| 2024-Q1* | 2024-06-30 | 238.3 | 26.6EBIT | 16.6 | 1.24 | 39.2 | 24.4 | 123.2 | 150 | 132 |
| 2023-Q4* | 2023-12-31 | 221.4 | 21.5 | 13 | 0.96*≈ | 33.7 | – | 107.8~ | 167~ | 35 |
| 2023-Q3* | 2023-06-30 | 234.3 | 22.1EBIT | 12.6 | 0.94~ | 32 | 23.7 | 88.4 | – | 149 |
| 2023-Q2* | 2023-06-30 | 226.8 | 19.5 | 11.4 | 0.83*≈ | 28.9 | -2.8 | 88.4~ | 185.1~ | 150 |
| 2023-Q1* | 2023-05-16 | 229.5 | 23.1EBIT | 15.1 | 1.10 | 31.4 | 15.7 | 110~ | 108.9~ | 148 |
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
The publication date of individual rows is a publisher placeholder (not the actual publication date).
Columns not reported in this reporting cadence are hidden: Op. income (adj.), EPS adj. (not reported in any source for these periods).
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Balance Sheet & Cash Flow (€m)#
Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
Fiscal years
Amounts in €m · as reported
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | 2026-04-27 | 124.6 | 310.1~ | 185.5~ | – | 102.8 | – | – | 141 |
| FY2024 | 2024-11-15 | 186.9~ | 329.6 | 142.7~ | – | 86.5 | – | – | 23 |
| FY2023 | 2023-05-16 | 107.8~ | 274.7 | 167~ | 35.1 | 77.7 | 4.6 | 73 | 1 |
Quarters
Amounts in €m · as reported
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2 | 2026-06-30 | 128.6~ | 310.5~ | 181.9~ | 8.6 | – | 1.4 | – | 144 |
| 2026-Q1 | 2026-06-30 | 112.6 | 310.9 | 267.5 | 8.8 | – | 1.3 | – | 145 |
| 2025-Q4 | 2026-04-27 | 124.6 | 310.1~ | 185.5~ | – | 25.7 | – | – | 34 |
| 2025-Q3 | 2025-06-30 | 128.1 | 301.2 | 173 | 8.6 | 34.7 | 2.3 | 32.3 | 131 |
| 2025-Q2 | 2025-06-30 | 120.4 | 292.3 | 171.9 | 8.6 | 12.6 | 1.4 | 11.2 | 144 |
| 2025-Q1 | 2025-06-30 | 158~ | 302.5 | 144.5~ | 8.9 | 29.8~ | 2.3 | 27.5~ | 145 |
| 2024-Q4 | 2025-05-14 | 186.9~ | 329.6 | 142.7~ | – | 21.6 | – | – | 35 |
| 2024-Q3 | 2024-06-30 | 140.2 | 280.5 | 140.3 | 9.3 | 37.3 | 1 | 36.3 | 131 |
| 2024-Q2 | 2024-06-30 | 116.6~ | 284.6 | 168~ | 9.7 | 1.7 | 4.3 | -2.6 | 38 |
| 2024-Q1 | 2024-06-30 | 123.2 | 273.2 | 150 | 9.4 | 25.9 | 1.5 | 24.4 | 132 |
| 2023-Q4 | 2023-12-31 | 107.8~ | 274.7 | 167~ | 11 | 36.3 | – | – | 35 |
| 2023-Q3 | 2023-06-30 | 88.4 | 209.9 | – | 8.5 | 26 | 2.3 | 23.7 | 149 |
| 2023-Q2 | 2023-06-30 | 88.4~ | 273.6 | 185.1~ | 7.8 | -1.7 | 1.2 | -2.8 | 150 |
| 2023-Q1 | 2023-05-16 | 110~ | 218.9 | 108.9~ | 7.7 | 17 | 1.3 | 15.7 | 148 |
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
The publication date of individual rows is a publisher placeholder (not the actual publication date).
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Revenue by Type (as of 2026-Q2 · EURm · 18/31)#
Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.
| Segment | Since | Period | Basis | Revenue | Growth | Source |
|---|---|---|---|---|---|---|
| United States of America | FY2023 | 2026-H1 | 3M | 85.5 | 3.9% | 33 |
| Automotive, Manufacturing and Industrial | 2023-H1 | 2026-H1 | 3M | 65.6 | 0.6% | 33 |
| Financial Services and Insurance | 2023-H1 | 2026-H1 | 3M | 33.7 | -4.2% | 33 |
| Retail and CPG | 2023-H1 | 2026-H1 | 3M | 33.3 | 4.6% | 33 |
| Public, Non-profit and Education | 2023-H1 | 2026-H1 | 3M | 22.8 | 1.8% | 33 |
| Management Consulting and Business Information | 2023-H1 | 2026-H1 | 3M | 20.8 | 0% | 33 |
| Travel and Logistics | 2023-H1 | 2026-H1 | 3M | 20.6 | 11.9% | 33 |
| Life Sciences and Healthcare | 2023-H1 | 2026-H1 | 3M | 17 | -7% | 33 |
| Energy, Utilities and Building Automation | 2023-H1 | 2026-H1 | 3M | 14.5 | 15.7% | 33 |
| Telecom, Media and Entertainment | 2023-H1 | 2026-H1 | 3M | 10.8 | -9.8% | 33 |
| Horizontal Tech | 2023-H1 | 2026-H1 | 3M | 9 | 9.6% | 33 |
| Germany | 2023-Q1 | 2026-H1 | 3M | 57 | -1.9% | 33 |
| North America | 2022-H1 | 2026-H1 | 3M | 86.7 | 3.5% | 33 |
| Central Europe | 2022-H1 | 2026-H1 | 3M | 72.1 | 1.4% | 33 |
| Rest of World | 2022-H1 | 2026-H1 | 3M | 59.1 | -2.2% | 33 |
| Rest of Europe | 2022-H1 | 2026-H1 | 3M | 30.3 | 5.1% | 33 |
| Others | 2024-H1 | 2025-H1 | 6M | 211 | – | 28 |
| US | 2023-Q1 | FY2025 | 12M | 344.3 | 0.6% | 31 |
| Time and expenses | FY2023 | FY2023 | 12M | 654.9 | – | 16 |
| Fixed price | FY2023 | FY2023 | 12M | 253.6 | – | 16 |
| Public, Non-profit & Education | FY2023 | FY2023 | 12M | 69.8 | – | 16 |
| Other revenues | FY2023 | FY2023 | 12M | 3.6 | – | 16 |
| Automotive, Mfg. and Industrial | – | 2024-Q2 | – | – | – | 19 |
| Energy, Utilities & Bldg Automation | – | 2024-Q2 | – | – | – | 19 |
| Financial Services & Insurance | – | 2023-Q1 | – | – | – | 14 |
| Industries | – | 2024-Q3 | – | – | – | 22 |
| Mgmt Consulting & Business Info | – | 2024-Q2 | – | – | – | 19 |
| Rest of Industries | – | 2023-Q1 | – | – | – | 14 |
| Retail & CPG | – | 2024-Q2 | – | – | – | 19 |
| Segments | – | 2024-Q3 | – | – | – | 22 |
| Top 5 clients' revenue | – | 2023-Q1 | – | – | – | 14 |
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M&A (31)#
All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.
Acquisitions · 26Divestitures/exits · 5
Acquisitions
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Public takeover offer by Persistent Systems Limited | 2026-06 | Completed | 33 |
| Business combination agreement with Persistent Systems Limited | 2026-06 | Announced | 33 |
| Nagarro Software Ltda | 2026 | Completed | 31 |
| Nagarro Services SPC | 2026 | Completed | 31 |
| Nagarro Headquarters Regional | 2026 | Completed | 31 |
| Charles Hudson Technology Solutions acquisition | 2025-12 | Completed | 31 |
| Inaho Digital Solutions acquisition | 2025-11 | Completed | 31 |
| Marlo Group acquisition | 2025-09 | Completed | 31 |
| Nagarro ATCS GmbH merged with Nagarro GmbH | 2025-08 | Completed | 28 |
| Notion Edge France SAS business transfer | 2025-04 | Completed | 28 |
| Nagarro Software S.L. merged with Advanced Programming Solutions S.L. | 2025-01 | Completed | 28 |
| Notion Edge acquisition (2×) | 2025 | Completed | 30 |
| Memorandum of Understanding with Marubeni Corporation | 2024-10 | Completed | 38 |
| Infocore Engineering & IT Services Inc. merger with Nagarro Inc. | 2024-10 | Completed | 38 |
| FWD View Limited acquisition | 2024-10 | Completed | 35 |
| Livisi GmbH merger with Nagarro GmbH | 2024-01 | Announced | 38 |
| Strategic review of listing and privatization options | 2024 | Completed | 35 |
| Nagarro Software Limited incorporation | 2024 | Completed | 38 |
| Merger of US legal entities (3×) | 2023-12 | Completed | 39 |
| Telesis acquisition | 2023-11 | Completed | 35 |
| Share buyback program (2×) | 2023-04 | Completed | 30 |
| MBIS (M.B.I.S Bilgisayar Otomasyon Danismanlik ve Egitim Hizmetleri Sanayi ve Ticaret A.S.) acquisition | 2023-03 | Completed | 2 |
| Telesis7 acquisition | 2023 | Completed | 16 |
| MBIS acquisition (2×) | 2023 | Completed | 16 |
| Infocore acquisition | 2023 | Completed | 16 |
| APSL acquisition | 2023 | Completed | 16 |
Divestitures / exits
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Nagarro Software Solutions (Xi'an) closure | 2024 | Divested | 38 |
| ATCS (Beijing) Technology Consulting Company Limited closure | 2024 | Divested | 38 |
| ATCS Australia Pty Ltd closure (2×) | 2023-06 | Divested | 28 |
| Solutions4Mobility LLC, Dubai closure | 2023-03 | Divested | 2 |
| Nagarro Inc., Toronto closure | 2023-03 | Divested | 2 |
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Reported KPIs (as disclosed) (529)#
Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.
Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
| Date | Period | KPI | Value / change | Source |
|---|---|---|---|---|
| – | 2026-H1 | Working capital | 235.9 (EUR mEUR) | 33 |
| – | 2026-H1 | Revenue concentration top 6-10 H1 2026 % | 9.3% | 33 |
| – | 2026-H1 | Revenue concentration top 6-10 H1 2025 % | 9.0% | 33 |
| – | 2026-H1 | Revenue concentration top 5 customers H1 2026 % | 16.3% | 33 |
| – | 2026-H1 | Revenue concentration top 5 customers H1 2025 % | 14.8% | 33 |
| – | 2026-H1 | Revenue concentration outside top 10 H1 2026 % | 74.4% | 33 |
| – | 2026-H1 | Revenue concentration outside top 10 H1 2025 % | 76.2% | 33 |
| – | 2026-H1 | Professionals total H1 2026 | 18,711 | 33 |
| – | 2026-H1 | Professionals engineering H1 2026 | 17,037 | 33 |
| – | 2026-H1 | Net Promoter Score Q2 2026 | 70 | 33 |
| – | 2026-H1 | Net Promoter Score Q1 2026 | 65 | 33 |
| – | 2026-H1 | Net Promoter Score H1 2026 | 68 | 33 |
| – | 2026-H1 | Net Professional Additions Q2 2026 | 168 | 33 |
| – | 2026-H1 | Net Professional Additions Q1 2026 | 540 | 33 |
| – | 2026-H1 | Net Debt / Adjusted EBITDA H1 2026 | 1.7 | 33 |
| – | 2026-H1 | Net Debt / Adjusted EBITDA Dec 2025 | 1.9 | 33 |
| – | 2026-H1 | Gross Margin Prior Year % | 31.9% | 33 |
| – | 2026-H1 | Gross Margin % | 31.8% | 33 |
| – | 2026-H1 | Equity / Total Assets H1 2026 % | 23% | 33 |
| – | 2026-H1 | Equity / Total Assets Dec 2025 % | 21% | 33 |
| – | 2026-H1 | Effective Tax Rate H1 2026 % | 24.0% | 33 |
| – | 2026-H1 | Effective Tax Rate H1 2025 % | 49.0% | 33 |
| – | 2026-H1 | Debt / Equity H1 2026 | 3.3 | 33 |
| – | 2026-H1 | Debt / Equity Dec 2025 | 3.8 | 33 |
| – | 2026-H1 | Days Sales Outstanding H1 2026 | 86 | 33 |
| – | 2026-H1 | Clients >1M EUR Q2 2026 | 184 | 33 |
| – | 2026-H1 | Clients >1M EUR Q1 2026 | 179 | 33 |
| – | 2026-H1 | Client Satisfaction Score Q2 2026 % | 93.2% | 33 |
| – | 2026-H1 | Client Satisfaction Score Q1 2026 % | 92.7% | 33 |
| – | 2026-H1 | Client satisfaction score H1 2026 % | 93.0% | 33 |
| – | 2026-H1 | Adjusted EBITDA margin H1 2026 % | 13.8% | 33 |
| – | 2026-H1 | Adjusted EBITDA margin H1 2025 % | 12.2% | 33 |
| – | 2026-H1 | Professionals employed | 18,711 | 33 |
| – | 2026-H1 | Order intake prior period | 1,917 (EUR kEUR) | 33 |
| – | 2026-H1 | Order intake | 1,362 (EUR kEUR) | 33 |
| – | 2026-H1 | Net debt 2026 | 246,636 (EUR kEUR) | 33 |
| – | 2026-H1 | Net debt 2025 | 257,530 (EUR kEUR) | 33 |
| – | 2026-H1 | Gross margin | 31.8% | 33 |
| – | 2026-H1 | Equity as % of total assets 2026 | 23% | 33 |
| – | 2026-H1 | Equity as % of total assets 2025 | 21% | 33 |
| – | 2026-H1 | Engineering professionals | 17,037 | 33 |
| – | 2026-H1 | Net debt to Adjusted EBITDA 2026 | 1.7 | 33 |
| – | 2026-H1 | Net debt to Adjusted EBITDA 2025 | 1.9 | 33 |
| – | 2026-H1 | Customer lists prior period | 30,176 | 33 |
| – | 2026-H1 | Customer lists | 28,643 | 33 |
| – | 2026-H1 | Adjusted EBITDA as % of revenues 2026 | 13.8% | 33 |
| – | 2026-H1 | Adjusted EBITDA as % of revenues 2025 | 12.2% | 33 |
| – | 2026-Q1 | Revenue concentration - Top 6-10 | 9.3% | 34 |
| – | 2026-Q1 | Revenue concentration - Top 5 | 16.4% | 34 |
| – | 2026-Q1 | Revenue concentration - Outside Top 10 | 74.3% | 34 |
| – | 2026-Q1 | Number of professionals | 18,543 | 34 |
| – | 2026-Q1 | NPS score Q1 2026 | 65 | 34 |
| – | 2026-Q1 | Gross margin (as % of revenue) | 31.2% | 34 |
| – | 2026-Q1 | Equity ratio | 23% | 34 |
| – | 2026-Q1 | Days of sales outstanding (DSO) | 86 | 34 |
| – | 2026-Q1 | Clients with >€1 million in last 12-month revenue | 179 (EUR thousands) | 34 |
| – | 2026-Q1 | CSAT score Q1 2026 | 92.7% | 34 |
| – | 2026-Q1 | Adjusted EBITDA (as % of revenue) Q1 2026 | 12.6% | 34 |
| – | 2026-Q1 | Adjusted EBITDA (as % of revenue) Q1 2025 | 12.2% | 34 |
| 2026-04-27 | FY2025 | Time and expense services | 66.9% | 31 |
| 2026-04-27 | FY2025 | Rest of Europe revenue % | 12.6% | 31 |
| 2026-04-27 | FY2025 | Periodic services | 21.6% | 31 |
| 2026-04-27 | FY2025 | North America revenue % | 34.7% | 31 |
| 2026-04-27 | FY2025 | Fixed price services | 10.9% | 31 |
| 2026-04-27 | FY2025 | Expected NPS 2026 | approximately 65 | 31 |
| 2026-04-27 | FY2025 | Expected CSAT 2026 | approximately 92 | 31 |
| 2026-04-27 | FY2025 | Engineers, designers, specialists | 16,429 | 31 |
| 2026-04-27 | FY2025 | Central Europe revenue % | 29.8% | 31 |
| 2026-04-27 | FY2025 | Working time accounts | 379 | 31 |
| 2026-04-27 | FY2025 | Wtd avg remaining contractual life equity settled | 1.4 years | 32 |
| 2026-04-27 | FY2025 | Wtd avg remaining contractual life cash settled | 0.3 years | 32 |
| 2026-04-27 | FY2025 | Wtd avg remaining contractual life ESPP | 1.2 years | 32 |
| 2026-04-27 | FY2025 | Wtd avg fair value equity settled options granted | EUR 32.65 | 32 |
| 2026-04-27 | FY2025 | Wtd avg fair value cash settled options at reporting date | EUR 26.94 | 32 |
| 2026-04-27 | FY2025 | Wtd avg fair value ESPP granted | EUR 77.97 | 32 |
| 2026-04-27 | FY2025 | Wtd avg exercise price equity settled 2025 | 91.64 EUR | 32 |
| 2026-04-27 | FY2025 | Wtd avg exercise price cash settled 2025 | 98.64 EUR | 32 |
| 2026-04-27 | FY2025 | Customer warranties | 1,296 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Wages and salaries | 11,178 | 31 |
| 2026-04-27 | FY2025 | Unappropriated net income | 49,714 (EUR kEUR) | 32 |
| 2026-04-27 | FY2025 | Treasury shares tranche 2 amount | 2,268 | 32 |
| 2026-04-27 | FY2025 | Treasury shares tranche 2 completed | 30,195 | 32 |
| 2026-04-27 | FY2025 | Total professionals | 18,003 | 31 |
| 2026-04-27 | FY2025 | Total expected payments | 63,017 | 31 |
| 2026-04-27 | FY2025 | Total clients served | over 1,000 | 31 |
| 2026-04-27 | FY2025 | Time and expense revenue pct | 68.6% | 31 |
| 2026-04-27 | FY2025 | Subsidiaries by country | 38 | 31 |
| 2026-04-27 | FY2025 | Staff costs past service | 12,413 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Staff costs current service | 4,695 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Software other costs | 9,756 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Social security liabilities | 5,558 | 31 |
| 2026-04-27 | FY2025 | Social security contributions | 51,904 | 31 |
| 2026-04-27 | FY2025 | Salaries and wages | 584,674 | 31 |
| 2026-04-27 | FY2025 | Revenue concentration top 6-10 customers | 8.8% | 31 |
| 2026-04-27 | FY2025 | Revenue concentration top 5 customers | 15.5% | 31 |
| 2026-04-27 | FY2025 | Revenue concentration outside top 10 | 75.7% | 31 |
| 2026-04-27 | FY2025 | Restructuring severance | 614 | 31 |
| 2026-04-27 | FY2025 | Remaining performance obligations 2030 | 391 | 31 |
| 2026-04-27 | FY2025 | Remaining performance obligations 2029 | 971 | 31 |
| 2026-04-27 | FY2025 | Remaining performance obligations 2028 | 2,390 | 31 |
| 2026-04-27 | FY2025 | Remaining performance obligations 2027 | 10,258 | 31 |
| 2026-04-27 | FY2025 | Remaining performance obligations 2026 | 42,186 | 31 |
| 2026-04-27 | FY2025 | Remaining performance obligations 2025 | 56,196 | 31 |
| 2026-04-27 | FY2025 | Purchased services | 72,988 | 31 |
| 2026-04-27 | FY2025 | Proposed dividend per share | EUR 1.00 | 32 |
| 2026-04-27 | FY2025 | Profit purchase price adjustment | 1,071 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Professionals year-end | 18,003 | 31 |
| 2026-04-27 | FY2025 | Professionals sales and admin | 1,574 (EUR millions) | 31 |
| 2026-04-27 | FY2025 | Professionals in engineering | 16,429 | 31 |
| 2026-04-27 | FY2025 | Professionals engineering | 16,429 | 31 |
| 2026-04-27 | FY2025 | Periodic services revenue pct | 20.0% | 31 |
| 2026-04-27 | FY2025 | Outstanding invoices | 7,279 | 31 |
| 2026-04-27 | FY2025 | Outstanding equity settled stock options | 91,688 (EUR thousands) | 32 |
| 2026-04-27 | FY2025 | Outstanding cash settled stock options | 494,000 (EUR thousands) | 32 |
| 2026-04-27 | FY2025 | Other services | 62 | 32 |
| 2026-04-27 | FY2025 | Other revenue pct | 0.7% | 31 |
| 2026-04-27 | FY2025 | Other financial assets | 11,614 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Other assurance services | 208 | 32 |
| 2026-04-27 | FY2025 | Opening price | €78.90 | 31 |
| 2026-04-27 | FY2025 | Number of shares | 12,922,297 | 31 |
| 2026-04-27 | FY2025 | Number of clients 5 to 10 million | 15 | 31 |
| 2026-04-27 | FY2025 | Number of clients 10 million plus | 20 | 31 |
| 2026-04-27 | FY2025 | Number of clients 1 to 5 million | 145 | 31 |
| 2026-04-27 | FY2025 | Net monetary gain hyperinflationary | 1,598 | 31 |
| 2026-04-27 | FY2025 | Net interest expense | 1,238 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Net debt to Adjusted EBITDA | 1.9 (EUR millions) | 31 |
| 2026-04-27 | FY2025 | NPS score | 68 | 31 |
| 2026-04-27 | FY2025 | NPS | 68 | 31 |
| 2026-04-27 | FY2025 | Market capitalization | €985.33 million | 31 |
| 2026-04-27 | FY2025 | Lowest price Xetra | €43.22 | 31 |
| 2026-04-27 | FY2025 | Liability insurance | 91 | 31 |
| 2026-04-27 | FY2025 | Liabilities from VAT | 10,121 | 31 |
| 2026-04-27 | FY2025 | Liabilities acquisitions reversal 2025 | (724) | 31 |
| 2026-04-27 | FY2025 | Liabilities acquisitions remuneration 2024 | 268 | 31 |
| 2026-04-27 | FY2025 | Liabilities acquisitions reduction 2025 | (1,796) | 31 |
| 2026-04-27 | FY2025 | Liabilities acquisitions reduction 2024 | (274) | 31 |
| 2026-04-27 | FY2025 | Liabilities acquisitions currency 2025 | (199) | 31 |
| 2026-04-27 | FY2025 | Liabilities acquisitions currency 2024 | 104 | 31 |
| 2026-04-27 | FY2025 | Liabilities acquisitions additions 2025 | 960 | 31 |
| 2026-04-27 | FY2025 | Liabilities acquisitions additions 2024 | 2,361 | 31 |
| 2026-04-27 | FY2025 | Liabilities acquisitions 2025 Dec 31 | 700 | 31 |
| 2026-04-27 | FY2025 | Liabilities acquisitions 2024 Dec 31 | 2,460 | 31 |
| 2026-04-27 | FY2025 | Leave obligations | 21,048 | 31 |
| 2026-04-27 | FY2025 | Interest income plan assets | 26 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Income sale property | 34 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Income foreign exchange forward | - | 31 |
| 2026-04-27 | FY2025 | Income currency translation | - | 31 |
| 2026-04-27 | FY2025 | Highest price Xetra | €89.60 | 31 |
| 2026-04-27 | FY2025 | Gross margin | 32.2% | 31 |
| 2026-04-27 | FY2025 | Gross margin | 32.2% | 31 |
| 2026-04-27 | FY2025 | Gratuity | 17,108 | 31 |
| 2026-04-27 | FY2025 | Grant income | 1,005 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Global Business Units | more than 20 | 31 |
| 2026-04-27 | FY2025 | Gain on lease modification | 617 | 31 |
| 2026-04-27 | FY2025 | Free float | c. 55.3% | 31 |
| 2026-04-27 | FY2025 | Fixed price revenue pct | 10.7% | 31 |
| 2026-04-27 | FY2025 | Finance expenses - interest income on plan | (26) | 31 |
| 2026-04-27 | FY2025 | Finance expenses - interest cost | 1,263 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Fair value of plan assets Jan 1 | 420 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Fair value of plan assets Dec 31 2025 | 307 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Fair value of plan assets | 307 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Expected payments within 12 months | 3,614 | 31 |
| 2026-04-27 | FY2025 | Expected payments beyond 10 years | 26,769 | 31 |
| 2026-04-27 | FY2025 | Expected payments 6-10 years | 16,820 | 31 |
| 2026-04-27 | FY2025 | Expected payments 2-5 years | 15,813 | 31 |
| 2026-04-27 | FY2025 | Exercisable equity-settled stock options | 43,750 (EUR thousands) | 32 |
| 2026-04-27 | FY2025 | Exercisable cash-settled stock options | 374,250 (EUR thousands) | 32 |
| 2026-04-27 | FY2025 | Equity ratio | 21% | 31 |
| 2026-04-27 | FY2025 | Derivative financial instruments | 3,030 | 31 |
| 2026-04-27 | FY2025 | Defined contribution expenses | 2,061 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Defined benefit obligations | 33,940 | 31 |
| 2026-04-27 | FY2025 | Currency translation - income statement | (63) | 31 |
| 2026-04-27 | FY2025 | Currency translation OCI | (3,938) | 31 |
| 2026-04-27 | FY2025 | Countries served | 72 | 31 |
| 2026-04-27 | FY2025 | Contract liabilities | 14,285 | 31 |
| 2026-04-27 | FY2025 | Closing price | €76.25 | 31 |
| 2026-04-27 | FY2025 | CSAT score | 93.4% | 31 |
| 2026-04-27 | FY2025 | CSAT | 93.4 | 31 |
| 2026-04-27 | FY2025 | Bonuses staff costs | 46,411 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Benefits paid | (66) | 31 |
| 2026-04-27 | FY2025 | Average professionals year | 17,665 | 31 |
| 2026-04-27 | FY2025 | Average professionals sales admin | 1,538 (EUR millions) | 31 |
| 2026-04-27 | FY2025 | Average professionals engineering | 16,127 | 31 |
| 2026-04-27 | FY2025 | Average daily volume shares | 38,674 | 31 |
| 2026-04-27 | FY2025 | Average daily volume EUR | €2,537,942.00 | 31 |
| 2026-04-27 | FY2025 | Audit services fees | 1,281 | 32 |
| 2026-04-27 | FY2025 | Audit fees | 2,016 | 31 |
| 2026-04-27 | FY2025 | Adjusted EBITDA margin | 13.8% | 31 |
| 2026-04-27 | FY2025 | Adjusted EBITDA margin | 13.8% | 31 |
| 2026-04-27 | FY2025 | Additional audit fees 2024 | 1,250 | 32 |
| 2026-04-27 | FY2025 | Actuarial losses financial assumptions | (3,230) | 31 |
| 2026-04-27 | FY2025 | Actuarial gains plan assets | 11 (EUR kEUR) | 31 |
| 2026-04-27 | FY2025 | Actuarial gains losses plan assets OCI | (11) | 31 |
| 2026-04-27 | FY2025 | Actuarial gains experience | 907 | 31 |
| 2026-04-27 | FY2025 | Actuarial gains demographic | 1,100 | 31 |
| 2026-04-27 | FY2025 | Accrued interest bank loans | 436 (EUR kEUR) | 31 |
| – | 2025-Q3 | Working capital Sep 30 2025 | €223.5 million | 26 |
| – | 2025-Q3 | Top 6-10 customers 9M 2025 % | 8.8% | 26 |
| – | 2025-Q3 | Top 6-10 customers 9M 2024 % | 9.3% | 26 |
| – | 2025-Q3 | Top 5 customers 9M 2025 % | 15.1% | 26 |
| – | 2025-Q3 | Top 5 customers 9M 2024 % | 14.4% | 26 |
| – | 2025-Q3 | Professionals Sep 30 2025 | 17,680 | 26 |
| – | 2025-Q3 | Outside top 10 9M 2025 % | 76.1% | 26 |
| – | 2025-Q3 | Outside top 10 9M 2024 % | 76.3% | 26 |
| – | 2025-Q3 | Net debt to adjusted EBITDA Sep 30 2025 | 1.7x | 26 |
| – | 2025-Q3 | Net debt to adjusted EBITDA Dec 31 2024 | 1.3x | 26 |
| – | 2025-Q3 | Net debt Sep 30 2025 | €242.6 million | 26 |
| – | 2025-Q3 | Net debt Dec 31 2024 | €191.5 million | 26 |
| – | 2025-Q3 | NPS Q3 2025 | 69 | 26 |
| – | 2025-Q3 | NPS Q2 2025 | 66 | 26 |
| – | 2025-Q3 | NPS Q1 2025 | 69 | 26 |
| – | 2025-Q3 | NPS 9M 2025 | 68 | 26 |
| – | 2025-Q3 | Gross margin Q3 2025 | 33.1% | 26 |
| – | 2025-Q3 | Gross margin Q3 2024 | 31.5% | 26 |
| – | 2025-Q3 | Gross margin 9M 2025 | 32.3% | 26 |
| – | 2025-Q3 | Gross margin 9M 2024 | 30.8% | 26 |
| – | 2025-Q3 | Engineering professionals Sep 30 2025 | 16,135 | 26 |
| – | 2025-Q3 | Days sales outstanding Sep 30 2025 | 85 days | 26 |
| – | 2025-Q3 | Days sales outstanding Dec 31 2024 | 88 days | 26 |
| – | 2025-Q3 | Clients over 1 million EUR Sep 30 2025 | 187 | 26 |
| – | 2025-Q3 | Clients over 1 million EUR Sep 30 2024 | 186 | 26 |
| – | 2025-Q3 | CSAT Q3 2025 | 93.1% | 26 |
| – | 2025-Q3 | CSAT Q2 2025 | 93.2% | 26 |
| – | 2025-Q3 | CSAT Q1 2025 | 94.3% | 26 |
| – | 2025-Q3 | CSAT 9M 2025 | 93.5% | 26 |
| – | 2025-Q3 | Adjusted EBITDA margin Q3 2025 | 17.3% | 26 |
| – | 2025-Q3 | Adjusted EBITDA margin Q3 2024 | 14.3% | 26 |
| – | 2025-Q3 | Adjusted EBITDA margin 9M 2025 | 13.9% | 26 |
| – | 2025-Q3 | Adjusted EBITDA margin 9M 2024 | 15.1% | 26 |
| – | 2025-H1 | Weighted average shares diluted | 13,006,028 | 28 |
| – | 2025-H1 | Weighted average shares basic | 13,002,182 | 28 |
| – | 2025-H1 | Shares outstanding diluted | 12,641,580 | 28 |
| – | 2025-H1 | Shares outstanding basic | 12,637,734 | 28 |
| – | 2025-Q2 | Engineering professionals | 15,907 | 30 |
| – | 2025-H1 | Professionals | 17,447 | 28 |
| – | 2025-Q2 | Personnel worldwide | 17,447 | 30 |
| – | 2025-H1 | Gross margin | 31.9% | 28 |
| – | 2025-H1 | Engineering professionals | 15,907 | 28 |
| – | 2025-H1 | Days sales outstanding | 85 | 28 |
| – | 2025-H1 | Clients over 1M EUR | 188 | 28 |
| – | 2025-Q2 | Adjusted EBITDA margin | 12.1% | 30 |
| – | 2025-H1 | Net debt to Adjusted EBITDA | 1.8 (EUR millions) | 28 |
| – | 2025-H1 | NPS | 67 | 28 |
| – | 2025-Q2 | NPS | 66 | 30 |
| – | 2025-H1 | Gross margin prior year | 30.5% | 28 |
| – | 2025-H1 | Gross margin (as % of revenue) | 31.9% | 28 |
| – | 2025-H1 | Equity to total assets ratio | 21% | 28 |
| – | 2025-H1 | CSAT | 93.8% | 28 |
| – | 2025-Q2 | > €1m accounts TTM | 188 | 30 |
| – | 2025-Q1 | Working capital | 244.5 (EUR EUR millions) | 27 |
| – | 2025-Q1 | Revenue rest of world pct | 23.4% | 27 |
| – | 2025-Q1 | Revenue rest of Europe pct | 12.3% | 27 |
| – | 2025-Q1 | Revenue North America pct | 34.4% | 27 |
| – | 2025-Q1 | Revenue central Europe pct | 29.9% | 27 |
| – | 2025-Q1 | Engineering professionals | 15,962 | 27 |
| – | 2025-Q1 | Professionals | 17,496 | 27 |
| – | 2025-Q1 | NPS score | 69 | 27 |
| – | 2025-Q1 | Net debt to adjusted EBITDA | 1.5x | 27 |
| – | 2025-Q1 | Net debt | 206.9 (EUR EUR millions) | 27 |
| – | 2025-Q1 | Gross margin Q1 2024 | 30.9% | 27 |
| – | 2025-Q1 | Gross margin | 30.6% | 27 |
| – | 2025-Q1 | Days sales outstanding | 81 | 27 |
| – | 2025-Q1 | CSAT score | 94.3% | 27 |
| – | 2025-Q1 | clients over 1 million euros | 186 | 27 |
| – | 2025-Q1 | adjusted EBITDA margin Q1 2024 | 16.4% | 27 |
| – | 2025-Q1 | Adjusted EBITDA margin | 12.2% | 27 |
| 2025-05-14 | FY2024 | weighted average shares outstanding diluted | 13,324,745 | 35 |
| 2025-05-14 | FY2024 | weighted average shares outstanding basic | 13,322,118 | 35 |
| 2025-05-14 | FY2024 | treasury shares | (39,757) | 35 |
| 2025-05-14 | FY2024 | total equity prior year | 211,667,841.60 (EUR kEUR for most financial statement items) | 36 |
| 2025-05-14 | FY2024 | total equity | 222,660 (EUR kEUR) | 35 |
| 2025-05-14 | FY2024 | total equity | 268,552,653.19 (EUR kEUR for most financial statement items) | 36 |
| 2025-05-14 | FY2024 | total assets prior year | 502,593,804.95 (EUR kEUR for most financial statement items) | 36 |
| 2025-05-14 | FY2024 | total assets | 674,785,556.28 (EUR kEUR for most financial statement items) | 36 |
| 2025-05-14 | FY2024 | three months deposit | 94,231 (EUR kEUR) | 35 |
| 2025-05-14 | FY2024 | syndicated revolving credit facility | 350,000 | 35 |
| 2025-05-14 | FY2024 | syndicated loan utilized | 319,500 | 35 |
| 2025-05-14 | FY2024 | syndicated loan unutilized | 30,500 | 35 |
| 2025-05-14 | FY2024 | supervisory board remuneration outstanding | 178 | 35 |
| 2025-05-14 | FY2024 | supervisory board remuneration | 713 | 35 |
| 2025-05-14 | FY2024 | Shares outstanding diluted | 13,324,745 | 35 |
| 2025-05-14 | FY2024 | Shares outstanding basic | 13,322,118 | 35 |
| 2025-05-14 | FY2024 | share capital | 13,776 | 35 |
| 2025-05-14 | FY2024 | profit carried forward | 215,631 (EUR kEUR) | 35 |
| 2025-05-14 | FY2024 | net promoter score NPS | 62 | 35 |
| 2025-05-14 | FY2024 | net promoter score | 62 | 35 |
| 2025-05-14 | FY2024 | net profit for period | 49,156 (EUR kEUR) | 35 |
| 2025-05-14 | FY2024 | net liquidity | 285,933 | 35 |
| 2025-05-14 | FY2024 | Net debt to adjusted EBITDA | 1.3x | 35 |
| 2025-05-14 | FY2024 | Net debt | 191.5 million | 35 |
| 2025-05-14 | FY2024 | management board total remuneration | 1,444 | 35 |
| 2025-05-14 | FY2024 | management board remuneration from other companies | 594 | 35 |
| 2025-05-14 | FY2024 | management board remuneration from Nagarro SE | 851 | 35 |
| 2025-05-14 | FY2024 | lease liabilities | 54,482 | 35 |
| 2025-05-14 | FY2024 | largest customer percentage of revenue | 4% | 35 |
| 2025-05-14 | FY2024 | investment in T-bills less than 3 months | 3,533 (EUR kEUR) | 35 |
| 2025-05-14 | FY2024 | interest rate sensitivity 100bps | 3,264 | 35 |
| 2025-05-14 | FY2024 | impairment ratio | 1.7% | 35 |
| 2025-05-14 | FY2024 | impairment of other financial assets | (238) | 35 |
| 2025-05-14 | FY2024 | impairment loss 2024 | 3,015 | 35 |
| 2025-05-14 | FY2024 | gross margin previous method | 26.1% | 35 |
| 2025-05-14 | FY2024 | gross margin current method | 30.4% | 35 |
| 2025-05-14 | FY2024 | floating rate financial liabilities | 326,402 | 35 |
| 2025-05-14 | FY2024 | financial liabilities total | 453,264 | 35 |
| 2025-05-14 | FY2024 | financial liabilities current | 86,132 | 35 |
| 2025-05-14 | FY2024 | fair value of plan assets | (420) | 35 |
| 2025-05-14 | FY2024 | equity to total assets | 28.0% | 35 |
| 2025-05-14 | FY2024 | equity ratio | 28% | 35 |
| 2025-05-14 | FY2024 | defined benefit obligations | 22,184 | 35 |
| 2025-05-14 | FY2024 | default ratio target | 1% | 35 |
| 2025-05-14 | FY2024 | debt to equity ratio | 2.8 | 35 |
| 2025-05-14 | FY2024 | net debt to adjusted EBITDA | 1.3 | 35 |
| 2025-05-14 | FY2024 | current financial assets | 419,749 (EUR kEUR) | 35 |
| 2025-05-14 | FY2024 | CSAT score | 91.8% | 35 |
| 2025-05-14 | FY2024 | contract liabilities | 14,105 | 35 |
| 2025-05-14 | FY2024 | contract assets gross | 15,961 (EUR kEUR) | 35 |
| 2025-05-14 | FY2024 | contract assets | 15,961 (EUR kEUR) | 35 |
| 2025-05-14 | FY2024 | client satisfaction (CSAT) | 91.8% | 35 |
| 2025-05-14 | FY2024 | cash and cash equivalents | 192,567 (EUR kEUR) | 35 |
| 2025-05-14 | FY2024 | cash | 192,567 (EUR kEUR) | 35 |
| 2025-05-14 | FY2024 | capital reserve | 241,030 (EUR kEUR) | 35 |
| 2025-05-14 | FY2024 | Adjusted EBITDA margin | 15.2% | 35 |
| 2025-05-14 | FY2024 | NPS | 62 | 35 |
| 2025-05-14 | FY2024 | CSAT | 91.8% | 35 |
| 2024-11-15 | 2024-Q3 | clients with revenue over 1M | 186 | 23 |
| 2024-11-14 | 2024-Q3 | Total professionals | 17,938 | 22 |
| 2024-11-14 | 2024-Q3 | Top 5 client revenue | €141m | 22 |
| 2024-11-14 | 2024-Q3 | Professionals in engineering | 16,438 | 22 |
| 2024-11-14 | 2024-Q3 | net liability | 1.1x | 22 |
| – | 2024-Q3 | Top 6-10 clients revenue concentration 9M 2024 | 9.3% | 38 |
| – | 2024-Q3 | Top 5 clients revenue concentration 9M 2024 | 14.4% | 38 |
| – | 2024-Q3 | professionals in engineering Sep 30 2024 | 16,438 | 38 |
| – | 2024-Q3 | professionals Sep 30 2024 | 17,938 | 38 |
| – | 2024-Q3 | outside top 10 clients revenue concentration 9M 2024 | 76.3% | 38 |
| – | 2024-Q3 | NPS Q3 2024 | 59 | 38 |
| – | 2024-Q3 | NPS Q2 2024 | 62 | 38 |
| – | 2024-Q3 | NPS Q1 2024 | 66 | 38 |
| – | 2024-Q3 | NPS 9M 2024 | 62 | 38 |
| – | 2024-Q3 | Days of sales outstanding September 30 2024 | 86 | 38 |
| – | 2024-Q3 | Clients over 1 million Euro revenue trailing twelve months September 30 2024 | 186 (EUR millions) | 38 |
| – | 2024-Q3 | CSAT Q3 2024 | 91.0% | 38 |
| – | 2024-Q3 | CSAT Q2 2024 | 91.9% | 38 |
| – | 2024-Q3 | CSAT Q1 2024 | 91.8% | 38 |
| – | 2024-Q3 | CSAT 9M 2024 | 91.6% | 38 |
| – | 2024-H1 | Engineering professionals | 16,772 | 18 |
| – | 2024-H1 | number of professionals | 18,301 | 18 |
| – | 2024-Q2 | net leverage | 1.1x | 19 |
| – | 2024-H1 | clients generating over 1M EUR trailing twelve months | 184 | 18 |
| – | 2024-Q2 | cash balance | €121m | 19 |
| – | 2024-Q2 | accounts greater than 1m revenue TTM | 184 | 19 |
| – | 2024-H1 | NPS Q2 2024 | 62 | 18 |
| – | 2024-H1 | NPS Q1 2024 | 66 | 18 |
| – | 2024-H1 | NPS H1 2024 | 64 | 18 |
| – | 2024-H1 | NPS H1 2023 | 62 | 18 |
| – | 2024-Q2 | NPS | 62 | 19 |
| – | 2024-H1 | Gross profit previous method | 126,322 (EUR kEUR) | 18 |
| – | 2024-H1 | Gross profit current method | 146,917 (EUR kEUR) | 18 |
| – | 2024-H1 | Gross margin previous method | 26.2% | 18 |
| – | 2024-H1 | Gross margin current method | 30.5% | 18 |
| – | 2024-H1 | Equity ratio 2023 | 27% | 18 |
| – | 2024-H1 | Equity ratio | 30% | 18 |
| – | 2024-H1 | Debt ratio (Net debt to Adjusted EBITDA) 2023 | 1.7 | 18 |
| – | 2024-H1 | Debt ratio (Net debt to Adjusted EBITDA) | 1.5 | 18 |
| – | 2024-H1 | Days of sales outstanding | 87 | 18 |
| – | 2024-H1 | CSAT score Q2 2024 | 91.9% | 18 |
| – | 2024-H1 | CSAT score Q1 2024 | 91.8% | 18 |
| – | 2024-H1 | CSAT score H1 2024 | 91.9% | 18 |
| – | 2024-H1 | CSAT score H1 2023 | 92.3% | 18 |
| – | 2024-Q1 | Professionals in engineering March 31 2024 | 16,798 | 37 |
| – | 2024-Q1 | Professionals in engineering December 31 2023 | 16,934 | 37 |
| – | 2024-Q1 | Professionals March 31 2024 | 18,268 | 37 |
| – | 2024-Q1 | Professionals December 31 2023 | 18,413 | 37 |
| – | 2024-Q1 | NPS Q1 2024 | 66 | 37 |
| – | 2024-Q1 | NPS Q1 2023 | 60 | 37 |
| – | 2024-Q1 | Days sales outstanding March 31 2024 | 80 | 37 |
| – | 2024-Q1 | Days sales outstanding December 31 2023 | 84 | 37 |
| – | 2024-Q1 | Clients over 1M revenue Q1 2024 | 181 (EUR millions) | 37 |
| – | 2024-Q1 | Clients over 1M revenue Q1 2023 | 167 (EUR millions) | 37 |
| – | 2024-Q1 | CSAT Q1 2024 | 91.8% | 37 |
| – | 2024-Q1 | CSAT Q1 2023 | 92.0% | 37 |
| 2024-04-15 | FY2023 | Total assets 2022 | 472,193,143.45 (EUR units) | 17 |
| 2024-04-15 | FY2023 | total assets | 502,593,804.95 (EUR units) | 17 |
| 2024-04-15 | FY2023 | Shares in affiliated companies 2022 | 381,276,583.75 | 17 |
| 2024-04-15 | FY2023 | shares in affiliated companies | 415,306,454.97 | 17 |
| 2024-04-15 | FY2023 | loans to affiliated companies 2022 | 68,413,634.14 (EUR units) | 17 |
| 2024-04-15 | FY2023 | loans to affiliated companies | 65,706,596.92 (EUR units) | 17 |
| 2024-04-15 | FY2023 | equity 2022 | 238,741,111.29 (EUR units) | 17 |
| 2024-04-15 | FY2023 | equity | 211,667,841.60 (EUR units) | 17 |
| 2024-04-15 | FY2023 | deferred tax assets 2022 | 2,872,369.99 (EUR units) | 17 |
| 2024-04-15 | FY2023 | deferred tax assets | 1,808,720.96 (EUR units) | 17 |
| – | FY2023 | women percentage total | 28 | 16 |
| – | FY2023 | women percentage leadership | 19 | 16 |
| – | FY2023 | women percentage engineers | 26 | 16 |
| – | FY2023 | women hired engineering roles percentage | 24 | 16 |
| – | FY2023 | women hired engineering roles | 598 | 16 |
| – | FY2023 | water usage millions liters | 8 | 16 |
| – | FY2023 | scope 3 emissions percentage | 76 | 16 |
| – | FY2023 | scope 2 emissions percentage | 22 | 16 |
| – | FY2023 | scope 1 emissions percentage | 2 | 16 |
| – | FY2023 | sanath road tree saplings planted | 600 | 16 |
| – | FY2023 | sanath road fatalities past four years | 47 | 16 |
| – | FY2023 | sanath road daily pedestrians | 30000 | 16 |
| – | FY2023 | renewable energy percentage 2022 | 3 | 16 |
| – | FY2023 | Plaksha Young Technology Scholars participants | 120 | 16 |
| – | FY2023 | Phishing simulation pass rate | 93 | 16 |
| – | FY2023 | Office disposables single-use plastic percentage | 6 | 16 |
| – | FY2023 | Office disposables copier paper percentage | 34 | 16 |
| – | FY2023 | Neurodivergent individuals trained | 87 | 16 |
| – | FY2023 | net promoter score | 63 | 16 |
| – | FY2023 | Migrant workers positively impacted annually | 4000 | 16 |
| – | FY2023 | LSD program sessions | 342 | 16 |
| – | FY2023 | Laptops returned to vendor percentage | 47 | 16 |
| – | FY2023 | Laptops purchased by colleagues percentage | 37 | 16 |
| – | FY2023 | Laptops leased percentage | 76 | 16 |
| – | FY2023 | Laptops donated or end of life percentage | 16 | 16 |
| – | FY2023 | Jalsa attendance | 10000 | 16 |
| – | FY2023 | Information security training completion | 95 | 16 |
| – | FY2023 | Gurugram office water usage percentage | 67 | 16 |
| – | FY2023 | Glass window program participants | 32 | 16 |
| – | FY2023 | Glass lens program participants | 110 | 16 |
| – | FY2023 | equity ratio | 27% | 16 |
| – | FY2023 | Electronic waste collected (tons) | 1.1 | 16 |
| – | FY2023 | Debt ratio net debt to adj. EBITDA 2022 | 1.1 | 16 |
| – | FY2023 | Debt ratio net debt to adj. EBITDA | 1.7 | 16 |
| – | FY2023 | Connect Circle members | 750 | 16 |
| – | FY2023 | Connect Circle countries | 30 | 16 |
| – | FY2023 | Condensate water collected (millions liters) | 0.23 | 16 |
| – | FY2023 | CO2 avoided via electric cab service (tons) | 3.13 | 16 |
| – | FY2023 | CDP score | C | 16 |
| – | FY2023 | Aravalli forest cover (%) | 64 | 16 |
| – | FY2023 | Treasury shares, at cost | (39,757) | 16 |
| – | FY2023 | Total lease liabilities | 48,692 | 16 |
| – | FY2023 | Top 5 clients revenue share | 14.3 | 16 |
| – | FY2023 | Staff costs | 654,747 (EUR kEUR) | 16 |
| – | FY2023 | Profit carried forward | 174,594 (EUR kEUR) | 16 |
| – | FY2023 | Professionals engineering | 16934 | 16 |
| – | FY2023 | Professionals employed | 18413 | 16 |
| – | FY2023 | Other financial liabilities | 44,944 | 16 |
| – | FY2023 | Other financial assets | 18,635 (EUR kEUR) | 16 |
| – | FY2023 | Other assets | 14,033 (EUR kEUR) | 16 |
| – | FY2023 | Number of engineers at year end | 16,934 | 16 |
| – | FY2023 | Number of professionals at year end | 18,413 | 16 |
| – | FY2023 | Net carrying amount right-of-use assets | 47,632 (EUR kEUR) | 16 |
| – | FY2023 | Net carrying amount property, plant and equipment | 12,947 (EUR kEUR) | 16 |
| – | FY2023 | Net carrying amount (goodwill) | 220,807 (EUR kEUR) | 16 |
| – | FY2023 | NPS | 63 | 16 |
| – | FY2023 | Liabilities from acquisitions | 19,201 | 16 |
| – | FY2023 | Interest cost | 899 (EUR kEUR) | 16 |
| – | FY2023 | Income tax expense | 17,702 (EUR kEUR) | 16 |
| – | FY2023 | Gross margin (as % of revenue) | 25.8% | 16 |
| – | FY2023 | Gross carrying amount right-of-use assets | 117,080 (EUR kEUR) | 16 |
| – | FY2023 | Gross carrying amount property, plant and equipment | 26,952 (EUR kEUR) | 16 |
| – | FY2023 | Gross carrying amount intangible assets | 220,807 (EUR kEUR) | 16 |
| – | FY2023 | Foreign exchange forward liabilities | 1,283 | 16 |
| – | FY2023 | Foreign exchange forward assets | 232 (EUR kEUR) | 16 |
| – | FY2023 | Fair value of plan assets | 448 (EUR kEUR) | 16 |
| – | FY2023 | Days sales outstanding | 84 | 16 |
| – | FY2023 | Current tax expense | 21,704 (EUR kEUR) | 16 |
| – | FY2023 | Current service cost | 3,879 (EUR kEUR) | 16 |
| – | FY2023 | Current contract liabilities | (15,002) | 16 |
| – | FY2023 | Contract assets | 18,470 (EUR kEUR) | 16 |
| – | FY2023 | Clients over 1M revenue | 181 (EUR millions) | 16 |
| – | FY2023 | Capital reserve | 251,717 (EUR kEUR) | 16 |
| – | FY2023 | CSAT | 92.7 | 16 |
| – | FY2023 | Average number of professionals during the year | 18,895 | 16 |
| – | FY2023 | Average delivery professionals | 17,510 | 16 |
| – | FY2023 | Accumulated depreciation right-of-use assets | (69,448) | 16 |
| – | FY2023 | Accumulated depreciation property, plant and equipment | (14,004) | 16 |
| – | 2023-Q3 | Treasury shares opening balance (number) | 103,867 | 4 |
| – | 2023-Q3 | Treasury shares opening balance (kEUR) | 10,018 | 4 |
| – | 2023-Q3 | Treasury shares closing balance (number) | 453,867 | 4 |
| – | 2023-Q3 | treasury shares closing balance keur | 39,757 | 4 |
| – | 2023-Q3 | treasury shares acquired during year numbers | 350,000 | 4 |
| – | 2023-Q3 | treasury shares acquired during year keur | 29,739 | 4 |
| – | 2023-Q3 | one year inflation turkey | 61.5% | 4 |
| – | 2023-Q3 | nine month inflation turkey | 49.9% | 4 |
| – | 2023-Q3 | eur try exchange rate september 30 2023 | 29.0 | 4 |
| – | 2023-Q3 | eur try exchange rate june 2023 | 22.1 | 4 |
| – | 2023-Q3 | eur try average exchange rate reporting period | 24.1 | 4 |
| – | 2023-Q3 | Net leverage | 1.8x | 6 |
| – | 2023-Q3 | Net Promoter Score | 64 | 4 |
| – | 2023-Q3 | NPS | 67 | 6 |
| – | 2023-Q3 | Greater than 1m accounts TTM | 176 | 6 |
| – | 2023-Q3 | Engineering professionals | 17,728 | 4 |
| – | 2023-Q3 | Days of sales outstanding | 79 | 4 |
| – | 2023-Q3 | Clients generating over 1 million Euro in revenue (trailing twelve months) | 176 (EUR millions) | 4 |
| – | 2023-Q3 | Client satisfaction (CSAT) | 92.7% | 4 |
| – | 2023-Q3 | Cash balance | €92m | 6 |
| – | 2023-H1 | Working capital | 167,100 (EUR kEUR) | 39 |
| – | 2023-H1 | professionals engineering | 18,200 | 39 |
| – | 2023-H1 | Professionals | 19,682 | 39 |
| – | 2023-H1 | nps | 62 | 39 |
| – | 2023-H1 | gross profit | 118,903 (EUR kEUR) | 39 |
| – | 2023-H1 | gross margin h1 2023 | 26.1% | 39 |
| – | 2023-H1 | gross margin h1 2022 | 27.9% | 39 |
| – | 2023-H1 | Days sales outstanding | 79 | 39 |
| – | 2023-H1 | csat | 92.3% | 39 |
| – | 2023-H1 | Clients above 1M EUR revenue | 168 (EUR thousands) | 39 |
| – | 2023-H1 | Total assets | 685,964 (EUR kEUR) | 39 |
| – | 2023-H1 | Staff costs | 318,447 (EUR kEUR) | 39 |
| – | 2023-H1 | Right-of-use assets | 49,084 (EUR kEUR) | 39 |
| – | 2023-H1 | Finance costs | 8,035 (EUR kEUR) | 39 |
| – | 2023-H1 | Equity ratio | 25% | 39 |
| – | 2023-H1 | Equity | 172,873 (EUR kEUR) | 39 |
| – | 2023-H1 | Debt ratio | 1.6 | 39 |
| 2023-05-16 | 2023-Q1 | Net Promoter Score | 65.4 | 1 |
| – | 2023-Q1 | Working capital | 160.9 (EUR millions) | 2 |
| – | 2023-Q1 | Total professionals | 18,946 | 3 |
| – | 2023-Q1 | Total professionals | 18,946 | 14 |
| – | 2023-Q1 | Total cash flow | -27.2 (EUR millions) | 14 |
| – | 2023-Q1 | Engineering professionals | 17,674 | 3 |
| – | 2023-Q1 | Engineering professionals | 17,674 | 14 |
| – | 2023-Q1 | Professionals added | 696 | 3 |
| – | 2023-Q1 | Professionals added | 696 | 14 |
| – | 2023-Q1 | Professionals | 18,946 | 2 |
| – | 2023-Q1 | Net liabilities | 157.4 | 14 |
| – | 2023-Q1 | net leverage | 1.04x | 14 |
| – | 2023-Q1 | Net cash flow from operating activities | 7.0 (EUR millions) | 14 |
| – | 2023-Q1 | Net cash flow from investing activities | -27.2 (EUR millions) | 14 |
| – | 2023-Q1 | lease liabilities | 166.0 | 14 |
| – | 2023-Q1 | Financial liabilities | 162.2 | 14 |
| – | 2023-Q1 | Engineering professionals | 17,674 | 2 |
| – | 2023-Q1 | cash balance | €114m | 3 |
| – | 2023-Q1 | Net Promoter Score | 65 | 3 |
| – | 2023-Q1 | Net Promoter Score | 65 | 14 |
| – | 2023-Q1 | NPS score | 65.4 | 2 |
| – | 2023-Q1 | CSAT score | 92% | 2 |
| – | 2023-Q1 | CSAT score | 92.0% | 3 |
| – | 2023-Q1 | CSAT score | 92.0% | 14 |
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Guidance Tracking (latest per metric/period · 10/20)#
All management forecasts (guidance) and their later outcome. Types: fiscal-year targets as well as quarterly/half-year targets; per metric and period the most recent statement applies, older versions can be expanded. The status is checked automatically against the actuals reported later: open (period still running), met, beaten, missed. For ranges (“X to Y”) reaching the range counts. Logged neutrally, no estimate of our own, no assessment.
Actuals: revenue in €m · ratios in %
| For period | Guided on | Metric | Guided | Actual | Verdict | Direction | Source |
|---|---|---|---|---|---|---|---|
| FY2026 | 2026-04-27 | Revenue | 1,000–1,060 | – | pending | raised | 31 |
| FY2026 | 2026-04-27 | Gross margin (GAAP) | ~32% | – | pending | confirmed | 31 |
| FY2026 | 2026-04-27 | EBITDA margin | 14.5–15.5% | – | pending | raised | 31 |
| FY2026 | – | EBITDA (adjusted) | 18% | – | pending | initiated | 6 |
| FY2025 | 2026-04-27 ° | CSAT | 90% | – | – | initiated | 31 |
| FY2025 | 2026-04-27 ° | NPS | 60 | – | – | initiated | 31 |
| FY2025 | 2025-05-14 | Revenue | 1,020–1,080 | 999.3 | miss | – | 31 |
| FY2025 | 2025-05-14 | Gross margin (GAAP) | 30% | – | – | – | 31 |
| FY2025 | 2025-05-14 | EBITDA margin | 14.5–15.5% | 11.9 | miss | – | 31 |
| FY2025 | – | EBITDA (adjusted) | 14.5–15.5% | 138.2 | beat | confirmed | 27 |
| FY2024 | 2025-05-14 ° | Gross margin (GAAP) | 30% | – | – | modified | 35 |
| FY2024 | 2025-05-14 ° | EBITDA margin | 14% | – | – | confirmed | 35 |
| FY2024 | 2024-11-15 | Revenue | ~960 | 972 | beat | cut | 35 |
| FY2024 | 2024-11-15 | EBITDA (adjusted) | 14% | 147.5 | – | confirmed | 23 |
| FY2024 | – | CSAT score | 92% | – | – | – | 18 |
| FY2023 | 2023-05-16 | Revenue | 940 | 912.1 | miss | initiated | 1 |
| FY2023 | 2023-05-16 | EBITDA (adjusted) | ~15% | 126.1 | beat | initiated | 1 |
| FY2023 | – | Gross margin (GAAP) | 28% | – | – | confirmed | 2 |
| FY2023 | – | Gross margin (non-GAAP) | ~28% | – | – | initiated | 14 |
| FY2023 | – | EBITDA margin | 15% | 13.8 | miss | cut | 2 |
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Development#
A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.
FY2026
In the first half of fiscal year 2026, Nagarro SE reported revenue of 248.1 million in Q1 (145) and 252.4 million in Q2 (144), with H1 organic growth of 4.2% in constant currency offset by adverse foreign exchange movements that held Euro-term growth to 0.3% (33). H1 net profit reached €29.8 million versus €19.6 million in H1 2025, aided by reduced income tax expense and the absence of prior-year intra-group dividend withholdings (33). H1 adjusted EBITDA rose to €69.1 million (13.8% of revenue) from €60.8 million (12.2%) in H1 2025, primarily reflecting FX revaluation gains on intra-group loans rather than operational expansion (33). The most significant strategic development of the year was the business combination agreement signed on June 26, 2026 with Persistent Systems Limited at EUR 81 per share, subject to a minimum acceptance threshold of 50% plus one share and regulatory approvals (33). Net debt at Q2 end stood at 181.9 million, with the net debt to adjusted EBITDA ratio improving to 1.7x by mid-year (33).
FY2025
Nagarro SE generated full-year revenue of 999.3 million in FY 2025, representing growth of 2.8% in Euro terms, impacted by Euro strengthening against the US dollar and lower customer demand 31. Gross margin improved to 32.2% from 30.4% through operational efficiencies and enhanced project utilization, while adjusted EBITDA declined to €138.2 million (13.8% margin) from €147.5 million (15.2% margin), primarily due to foreign exchange revaluation losses on intra-group loans 31. Net profit decreased to 39.5 million from €49.2 million, while operating cash flow increased by €16.3 million to 102.8 million, driven by improved collections and working capital management 31. The company completed four bolt-on acquisitions (Notion Edge, Marlo Group, Inaho Digital Solutions, and Charles Hudson Technology Solutions) and reorganized into six industry and four capability business units with two units focused on AI 31. An independent investigation by White & Case and Alvarez & Marsal into spring 2025 allegations found no fraudulent or unlawful conduct 31.
FY2024
Nagarro SE grew full-year revenue 6.6% year-over-year to 972 million in 2024, with gains in Automotive, Manufacturing and Industrial (+10.3%), Public, Non-profit, Education (+27.4%), and Retail and CPG (+8.6%) partly offset by declines in Horizontal Tech (-4.9%) and Financial Services (-1.0%) 35. Adjusted EBITDA increased 16.9% to €147.5 million (15.2% of revenue), exceeding the full-year guidance target of approximately 14%, aided by favorable currency impacts and improved gross profit 35. Net profit remained broadly stable at 49.2 million with diluted EPS of 3.69 35. Operating cash flow rose to 86.5 million and cash at year-end reached 186.9 million, while net debt was reduced to 142.7 million 35. During 2024, Nagarro acquired FWD View Limited in the United Kingdom, disclosed discussions regarding a potential take-private transaction, and announced its first-ever dividend alongside a share buyback program 35.
FY2023
Nagarro SE reported full-year 2023 revenue of 912.1 million, growing 6.5% from EUR 856.3 million in 2022 despite a broad IT services market slowdown 16. Adjusted EBITDA margin contracted to 13.8% from 17.3% in 2022, primarily due to excess production capacity that weighed on profitability throughout the year 16. Net profit declined to 52.1 million from EUR 77.4 million in 2022, while operating cash flow reached 77.7 million and free cash flow was 73 million 16. The company completed four acquisitions in 2023 (Infocore, MBIS, APSL, and Telesis7), broadening its capabilities in industry 4.0, SAP services, the Spanish market, and US telecommunications 16. Geographic performance diverged, with North America declining 4.3% while Central Europe grew 11.2% and Rest of World grew 20.3% 16.
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Glossary#
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
- EBITDA (adj.): Adjusted EBITDA, verbatim and company-defined (non-GAAP), never derived.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
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Sources: official investor relations documents#
All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.
39 documents · 2023 – 2026 · IR
| # | Document type | Published | Link |
|---|---|---|---|
| #2 / #102 | IR-Quarter | – | Open |
| #3 | IR-Report | – | Open |
| #4 / #104 | IR-Quarter | – | Open |
| #5 | IR-Quarter | – | Open |
| #6 | IR-Quarter | – | Open |
| #14 | IR-Quarter | – | Open |
| #15 | IR-Annual | – | Open |
| #16 / #116 | IR-Annual | – | Open |
| #18 / #118 | IR-Quarter | – | Open |
| #19 | IR-Half | – | Open |
| #20 | IR-Quarter | – | Open |
| #21 | IR-Report | – | Open |
| #24 | IR-Annual | – | Open |
| #25 | IR-Quarter | – | Open |
| #26 / #131 | IR-Quarter | – | Open |
| #27 / #132 | IR-Quarter | – | Open |
| #28 / #133 | IR-Half | – | Open |
| #29 | IR-Quarter | – | Open |
| #30 | IR-Half | – | Open |
| #33 / #144 | IR-Quarter | – | Open |
| #34 / #145 | IR-Quarter | – | Open |
| #37 / #148 | IR-Report | – | Open |
| #38 / #149 | IR-Quarter | – | Open |
| #39 / #150 | IR-Half | – | Open |
| #8 | IR-Half | 2023-05-08 | Open |
| #9 | IR-Half | 2023-05-15 | Open |
| #1 / #101 | IR-Report | 2023-05-16 | Open |
| #10 | IR-Half | 2023-05-22 | Open |
| #11 | IR-Half | 2023-05-26 | Open |
| #12 | IR-Half | 2023-06-26 | Open |
| #13 | IR-Half | 2023-07-03 | Open |
| #7 | IR-Half | 2023-07-11 | Open |
| #17 | IR-Annual | 2024-04-15 | Open |
| #22 | IR-Quarter | 2024-11-14 | Open |
| #23 / #126 | IR-Report | 2024-11-15 | Open |
| #35 / #146 | IR-Annual | 2025-05-14 | Open |
| #36 | IR-Annual | 2025-05-14 | Open |
| #31 / #141 | IR-Annual | 2026-04-27 | Open |
| #32 | IR-Annual | 2026-04-27 | Open |
FAQ#
Is there a management forecast (guidance) for FY2026?
Yes. Management has issued targets for FY2026, including Revenue. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Does Nagarro SE pay a dividend?
The filings report on the dividend; most recent entry: dividend per share EUR 1.00 (FY2025) (as reported, no assessment of our own). Details with source links are in the report chapters.
Where can I find the official investor relations documents of Nagarro SE?
The sources chapter links all 55 original filings used (IR documents) with type, publication date and a direct link; every figure in the report carries a source number.
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