EPAM Systems, Inc.

Listed Company

EPAMCIK 0001352010NYSELarge AcceleratedServices-Computer Programming ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$5.46B

Net Income

$377.68M

Total Assets

$4.90B

Equity

$3.68B

Shares Out

52.24M

Op. Cash Flow

$654.93M

EPAM$88.28−50.83% · past yearDBEQ Basic

Daily closing prices

Business

EPAM Systems is a leading global provider of digital engineering, cloud and AI-enabled transformation services, and business and experience consulting for enterprises and start-ups. The company delivers end-to-end technology solutions spanning software product development, cloud migration, data and AI platforms, customer experience design, cybersecurity, and marketing services across five main industry verticals: financial services, consumer goods and retail, software and hi-tech, business information and media, and life sciences and healthcare. EPAM operates through a global delivery model with delivery centers in India, Ukraine, Poland, Belarus, Mexico and other locations, serving clients on-site, off-site and offshore worldwide.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	5,457	4,728	4,691	4,825	3,758
Cost of revenues (exclusive of depreciation and amortization)	3,884	3,277	3,257	3,287	2,484
Selling, general and administrative expenses	929	816	815	873	649
Depreciation and amortization expense	125	90	92	92	83
Loss on sale of business	0	0	26	0	0
Income from operations	520	545	501	573	542
Interest and other income, net	12	47	51	10	−2
Foreign exchange loss	−26	−7	−16	−76	−7
Income before provision for income taxes	506	584	537	507	533
Provision for income taxes	128	130	120	88	52
Net income	378	455	417	419	482
Basic (in dollars per share)	6.76	7.93	7.21	7.32	8.52
Diluted (in dollars per share)	6.72	7.84	7.06	7.09	8.15
Basic (in shares)	56	57	58	57	57
Diluted (in shares)	56	58	59	59	59

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,296	1,286	2,036	1,681	1,447
Trade receivables and contract assets, net of allowance of $6,350 and $5,612, respectively	1,108	1,002	897	—	—
Prepaid and other current assets	130	138	97	85	54
Total current assets	2,534	2,426	3,091	2,760	2,269
Property and equipment, net	202	208	235	273	236
Operating lease right-of-use assets, net	115	128	135	149	185
Intangible assets, net	407	436	71	78	101
Goodwill	1,211	1,182	562	529	531
Deferred tax assets	295	270	198	173	144
Other noncurrent assets	139	101	60	48	57
Total assets	4,902	4,750	4,352	4,009	3,523
Accounts payable	55	45	32	31	25
Accrued compensation and benefits expenses	608	485	413	476	503
Accrued expenses and other current liabilities	251	201	125	154	142
Income taxes payable, current	26	50	39	46	27
Operating lease liabilities, current	37	40	37	40	50
Total current liabilities	977	821	645	747	763
Long-term debt	25	25	26	28	30
Operating lease liabilities, noncurrent	81	98	109	122	143
Deferred tax liabilities, noncurrent	77	92	9	—	—
Other noncurrent liabilities	64	82	92	109	91
Total liabilities	1,224	1,119	881	1,006	1,027
Commitments and contingencies (Note 18)	—	—	—	—	—
Common stock, $0.001 par value; 160,000 authorized; 54,274 shares issued and outstanding at December 31, 2025, and 56,869 shares issued and outstanding at December 31, 2024	54,000	57,000	58,000	58,000	57,000
Additional paid-in capital	1,390	1,190	1,009	848	712
Retained earnings	2,268	2,556	2,501	2,249	1,830
Accumulated other comprehensive income (loss)	19	−117	−39	−95	−54
Total EPAM Systems, Inc. stockholders equity	3,677	3,629	3,471	3,002	2,487
Noncontrolling interest in consolidated subsidiaries	582,000	2	579,000	1	9
Total equity	3,678	3,631	3,471	3,003	2,496
Total liabilities and equity	4,902	4,750	4,352	4,009	3,523

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	125	90	92	92	83
Operating lease right-of-use assets amortization expense	41	38	41	48	62
Bad debt expense (recovery)	2	−4	4	12	2
Deferred taxes	−59	−64	−37	−42	−47
Stock-based compensation expense	177	167	148	100	112
Unrealized gain on derivative instruments	0	0	−8	8	0
Impairment charges	175,000	417,000	6	24	144,000
Other	11	6	−599,000	33	13
Trade receivables and contract assets	−69	16	32	−193	−212
Prepaid and other assets	−15	−77	8	−12	−16
Accounts payable	−13	−29	154,000	−3	−2
Accrued expenses and other liabilities	144	11	−85	26	156
Operating lease liabilities	−46	−39	−48	—	—
Income taxes payable	−20	−8	−33	4	4
Net cash provided by operating activities	655	559	563	464	572
Purchases of property and equipment	−42	−32	−28	−82	−112
Purchases of short-term investments	−2	−1	−11	−60	0
Proceeds from short-term investments	0	62	11	0	60
Acquisition of businesses, net of cash acquired (Note 3)	−3	−912	−25	−11	−315
Purchases of non-marketable securities	−1	−8	−3	−2	−3
Proceeds from sale of non-marketable securities	3	4	0	0	—
Other investing activities, net	−3	2	−10	−29	79,000
Net cash used in investing activities	−49	−885	−67	−183	−369
Proceeds from issuance of stock under employee incentive programs	55	54	52	51	26
Payments of withholding taxes related to net share settlements of equity awards	−27	−35	−29	−27	−42
Proceeds from debt	6	8,000	825,000	2	31
Repayment of debt	−8	−2	−3	−16	−31
Repurchase of common stock	−662	−398	−165	0	0
Payment of contingent consideration for previously acquired businesses	−6	−6	−10	−7	−40
Purchase of subsidiary shares from noncontrolling interest	−1	0	0	−2	−2
Other financing activities, net	−7	−3	−11	−6	−2
Net cash used in financing activities	−651	−390	−166	−2	−60
Effect of exchange rate changes on cash, cash equivalents and restricted cash	56	−36	29	−45	−18
Net increase (decrease) in cash, cash equivalents and restricted cash	11	−753	359	234	126
Interest	1	4	5	2	413,000
Capital expenditures incurred but not yet paid	5	4	24	57	8

Filings

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Frequently asked questions

What is EPAM Systems, Inc.'s CIK number?

EPAM Systems, Inc.'s SEC CIK number is 0001352010 (1352010). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find EPAM Systems, Inc.'s SEC filings?

All of EPAM Systems, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did EPAM Systems, Inc. last report earnings?

EPAM Systems, Inc. (EPAM) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001352010-26-000026). This is EPAM Systems, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is EPAM Systems, Inc.'s most recent earnings 8-K?

EPAM Systems, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001352010-26-000026. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View EPAM Systems, Inc.'s latest earnings 8-K →
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