Endava plc (DAVA) Form 6-K — Oct 28, 2026
Endava plc announced it will restate fiscal 2026 financial results after an Audit Committee investigation found accounting for certain customer and supplier agreements lacked economic substance or was incorrectly recorded, with revenue adjustments of approximately 2%-4% of prior fiscal 2025 revenue. Prior fiscal years are not expected to be restated. The scandal triggered sweeping leadership changes: CFO Mark Thurston and General Counsel Rohit Bhoothalingam resigned, founder-CEO John Cotterell is retiring, and Rob Machin will become Interim CEO effective November 2, 2026, with AlixPartners' Conor McShane as Interim CFO. The Board said new leadership is critical in light of the findings.
Key figures
- Cash Position
- £55 million (preliminary, as of September 30, 2026)
- Affected Periods
- ["three months ended September 30, 2025","three and six months ended December 31, 2025","three and nine months ended March 31, 2026"]
- Affected Counterparties
- approximately 1.5% of all customers as of March 31, 2026
- Revenue Restatement Impact
- approximately 2%-4% of prior fiscal 2025 revenue
- Annual Report Deadline Missed
- November 2, 2026
AI analysis
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