Endava Announces Preliminary Investigation Findings, CFO Resignation, and Financial Restatements

Endava’s preliminary internal investigation found issues with the accounting treatment of certain customer and supplier agreements, prompting the company to restate previously reported fiscal 2026 results. It estimates revenue adjustments of approximately 2% to 4% of fiscal 2025 revenue. CFO Mark Thurston resigned effective October 25, 2026, while interim CFO Conor McShane remains in the role. Endava withdrew its fourth-quarter and full-year 2026 guidance as it works on the restatement and its 2026 Annual Report.