Nagarro Reports Modest Growth Amid Financial Adjustments

Nagarro SE, a global engineering and transformation firm, unveiled its unaudited financial results for Q3 2026 and the nine months ended September 2026. Revenue for the nine-month period rose slightly to €755.5 million, reflecting a 2.7% increase in constant currency terms, and a marginal 0.3% growth in Euro terms compared to 2025. However, EBITDA saw a decrease to €99.0 million from €108.5 million due to a rise in net expenses related to special items.

The third quarter reported a revenue increase to €255.0 million, but with an EBITDA decline of 25.2% year-over-year to €32.5 million. This decline was attributed to increased expenses in share-based payments. Despite these challenges, the company’s operating cash flow improved, reaching €48.2 million in Q3 2026, credited to better customer collections and reduced tax expenses.

The number of clients with over €1 million revenue contributions increased slightly, indicating potential future opportunities. Nagarro's continued adjustment and financial strategies highlight its commitment to navigating market conditions.