Endava delays annual report amid accounting restatement
DAVA•Endava missed the November 2, 2026, deadline for its fiscal 2026 annual report as it investigates accounting issues and restates interim results; preliminary revenue reductions equal about 2%-4% of fiscal 2025 revenue.
1. Accounting review delays filing
Endava missed the deadline for its annual report covering the fiscal year ended June 30, 2026, citing an accounting investigation, interim-results restatements, leadership changes and ongoing audit work. Investigators found some customer-supplier agreements lacked economic substance or required accounting as a single arrangement, while management identified additional revenue recognition errors.
2. Expected financial impact
Preliminary revenue reductions are approximately 2%-4% of fiscal 2025 revenue. Noncash balance sheet adjustments will also reduce adjusted pretax profit, and management expects to report material weaknesses in financial reporting controls, including deficiencies in tone at the top.
