Nagarro SE Faces BaFin Review of 2022 Financial Statements

On 14 July 2026, Nagarro SE in Munich announced a review by BaFin, the German Federal Financial Supervisory Authority, focusing on its 2022 consolidated financial statements. BaFin identified errors in several areas, including revenue recognition, business acquisitions, and risk reporting. Meanwhile, Nagarro's management maintains that no material errors exist, having consulted with auditors and advisors.

The company contested BaFin's findings, appealing to the Higher Regional Court of Frankfurt. However, the court denied suspensive effect on their objection, allowing BaFin to publish the error findings immediately. Nagarro asserted that any finalized error determinations would not affect future statements. Previous fraud investigations also showed no evidence of wrongdoing.