Leadership & Pay ·
Endava restates fiscal 2026 results, CFO resigns and CEO retires amid accounting probe
DAVAEndava plc
Endava plc announced preliminary findings from an internal investigation into its accounting treatment of certain customer and supplier agreements, determining that revenue recognition was incorrect. The company will restate its previously reported fiscal 2026 financial results, with adjustments equivalent to approximately 2%–4% of prior fiscal 2025 revenue. CFO Mark Thurston resigned effective October 25, 2026, and CEO John Cotterell is retiring early; Rob Machin will serve as interim CEO. The company expects to file a late Form 20-F and identified material weaknesses in internal controls over financial reporting. Endava provides next-generation technology services and AI-native digital transformation solutions.