Endava to Restate FY2026 Results, Withdraws Guidance as CFO Resigns
Endava said an internal investigation found issues with accounting for certain customer and supplier agreements. It estimates revenue adjustments at approximately 2% to 4% of prior fiscal 2025 revenue, withdrew its fiscal fourth-quarter and full-year 2026 guidance, and said CFO Mark Thurston resigned effective October 25, 2026.
Endava announced preliminary findings from an internal investigation into the accounting treatment of certain customer and supplier agreements. The company confirmed it will restate its previously reported fiscal 2026 financial results, estimating revenue adjustments of approximately 2% to 4% of its prior fiscal 2025 revenue. Additionally, the company reported the resignation of CFO Mark Thurston, effective October 25, 2026, while interim CFO Conor McShane continues in his role. Endava also withdrew its previously issued financial guidance for the fiscal fourth quarter and full year 2026, citing the ongoing restatement process.
The company is working to file its 2026 Annual Report and will provide updates on the timing of its financial results as soon as possible.