Endava Places CFO on Leave Amid Auditor-Raised Accounting Probe; Delays FY2026 Results to Nov 2
DAVA is trading near its 52-week low of $2.55 (9.0% above the low).
Summary
Endava placed CFO Mark Thurston on administrative leave after its auditors raised concerns about accounting for certain customer and supplier agreements. An independent investigation is ongoing, and the company delayed its FY2026 earnings and Form 20-F filing to November 2, 2026.
Updates
· Dow Jones Newswires — ADRs slid 14% to $2.39 in premarket trading Tuesday, extending a 56% year-to-date decline.
Key Events · Executive and Board Changes · DAVA
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CFO Placed on Administrative Leave
Mark Thurston, CFO, was placed on administrative leave effective September 21, 2026, pending an independent investigation by outside counsel for the Audit Committee.
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Auditor-Raised Accounting Concerns
The investigation was triggered by the company's outside auditors raising concerns about the accounting treatment of certain customer and supplier agreements and related matters.
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Interim CFO Appointed
Conor McShane of AlixPartners LLP was appointed Interim CFO and designated principal financial officer and principal accounting officer, effective September 21, 2026.
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FY2026 Results Delayed
Endava expects to publish Q4 and full-year FY2026 results and file its Form 20-F by November 2, 2026 — later than its historical reporting schedule.
Analysis · DAVA · Technology
Endava's CFO has been placed on administrative leave after the company's outside auditors raised concerns about the accounting treatment of certain customer and supplier agreements. An independent outside counsel investigation is now underway, and the company has delayed its Q4 and full-year FY2026 earnings release and Form 20-F filing to the November 2, 2026 SEC deadline. This is a serious governance and financial-reporting red flag: auditor-raised accounting concerns can lead to restatements, material weaknesses, or even delisting risk, and the delayed results leave investors without audited financials for an extended period.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, DAVA was trading at $2.78 on NYSE in the Technology sector, with a market capitalization of approximately $156.3M. The 52-week trading range was $2.55 to $9.88. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.