Endava reported a record order book and effective internal controls, but the lawsuit alleges that accounting for certain customer and supplier agreements already required additional review as DAVA shares slid from $10.18 to $2.11.

NEW YORK, Oct. 7, 2026 /PRNewswire/ — Levi & Korsinsky, LLP highlights the contrast between the promises of Endava plc (NYSE: DAVA) and its results. That promise-reality gap is at the center of a pending securities fraud class action for investors who purchased securities between September 4, 2025 and September 21, 2026. Find out if you could qualify to recover your per-share losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

DAVA American Depositary Shares closed at a Class Period high of $10.18 on September 5, 2025 and ended at $2.11 on September 22, 2026. That is a gap of $8.07 per share, or roughly 79%, and the final step down was a one-day decline of $0.68 (24.37%) on unusually heavy volume. The last day to move for lead plaintiff is November 30, 2026.

The Promise: Record Bookings and “Tomorrow’s Momentum”

The Company projected strength from the first day of the Class Period. On September 4, 2025, it reported exiting FY2025 with a record quarterly order book, and its annual report described internal controls as effective. As results softened, management said in February 2026 that Endava was “building the operational agility required to achieve sustainable, long-term growth.” In May 2026, management said the Company was “positioning Endava to convert today’s headwinds into tomorrow’s momentum.”

The Reality: A £394.4 Million Quarter and an Audit Committee Probe

Results revealed a different path. First quarter FY2026 revenue came in lower than guided, and the third quarter closed with a £(394.4) million loss. Then, on September 21, 2026, the Company disclosed that its CFO had been placed on administrative leave pending an Audit Committee investigation into the accounting treatment of certain customer and supplier agreements.

The complaint asserts that investors were not told this accounting required additional review. It also asserts that investors were not told full year 2026 results would be delayed, or that there was reason to doubt the Company’s internal controls.

The Endava Promise vs. Reality Gap: By the Numbers

• Bookings vs. revenue: A record order book was reported in September 2025. Q1 FY2026 revenue then came in at £178.2 million, down 8.6% year over year.
• Profitability: Profit before tax was £24.1 million in FY2025. Q3 FY2026 showed a £(372.0) million loss before tax.
• Margins: Adjusted profit before tax was 12.6% of revenue in the prior year period. It fell to 1.8% in Q3 FY2026.
• Goodwill: No impairment was recorded in the prior year period. Q3 FY2026 included a £364.6 million write-down and a £23.2 million deferred tax charge.
• Controls: Internal controls were described as effective as of June 30, 2025. On September 21, 2026, an interim Chief Financial Officer from an outside advisory firm was installed.

“Endava pointed investors toward record bookings and future momentum, while the complaint alleges that accounting for certain customer and supplier agreements already required additional review. Companies that make specific promises about future performance have an obligation to disclose known risks to those projections.” — Joseph E. Levi, Esq.

Submit your information here or call (212) 363-7500.

WHY LEVI & KORSINSKY — Ranked in ISS Securities Class Action Services’ Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors. Investors who suffered losses have until November 30, 2026 to seek appointment as lead plaintiff.

Frequently Asked Questions About the DAVA Lawsuit

Q: Who is eligible to join the DAVA investor lawsuit? A: Investors who purchased DAVA stock or securities between September 4, 2025 and September 21, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses — not on whether you still hold the shares.

Q: How much did DAVA stock drop? A: Shares fell approximately 24.37%, a decline of $0.68 per share, after the Company disclosed that its Chief Financial Officer had been placed on administrative leave pending an Audit Committee investigation into the accounting treatment of certain customer and supplier agreements and related matters. Investors who purchased shares during the Class Period at allegedly artificially inflated prices and suffered losses may be eligible to seek compensation.

Q: What specific misstatements does the DAVA lawsuit allege? A: The complaint alleges Endava plc made materially false or misleading statements regarding its business, operations, and prospects during the Class Period. It alleges the Company failed to disclose that the accounting treatment for certain customer and supplier agreements required additional review, that its fourth quarter and full year 2026 results would be delayed, and that there was reason to doubt the effectiveness of its internal controls. When the Audit Committee investigation and the CFO’s administrative leave were disclosed, the stock price declined sharply.

Q: What do DAVA investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What if I already sold my DAVA shares — can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor’s country of residence.

Q: What if my DAVA losses are small — is it still worth contacting a lawyer? A: Yes. There is no minimum loss amount required to participate as a class member.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

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