Nagarro Reports Preliminary 2025 Results and 2026 Forecast

Nagarro SE has reported preliminary financial results for 2025, indicating a 2.8% increase in revenue to €999.3 million, with a gross profit rising 8.6% to €321.3 million. However, the adjusted EBITDA margin dropped from 15.2% in 2024 to 13.8% in 2025. Factors such as a €15.5 million unrealized FX loss on intra-group loans impacted these figures. The net cash balance also decreased significantly to €124.6 million.

Looking ahead, Nagarro anticipates 2026 revenue ranging between €1,000 and €1,060 million, with a gross margin near 32% and an adjusted EBITDA margin of 14.5%-15.5%. The company remains mindful of macroeconomic factors that could influence these projections.

Furthermore, Nagarro concluded an independent investigation finding no fraud or misconduct, while identifying areas for governance improvement. As part of its ongoing evolution, Nagarro is focusing on adopting a more structured governance framework.