EPAM Systems, Inc.
EPAM- Exchange
- NYSE
- Industry
- Services-Computer Programming Services
- SEC CIK
- 0001352010
No open-market purchases or sales by EPAM Systems, Inc. insiders were filed in the last 90 days; 444 institutions reported holding it in 13F filings for Q2 2026, worth $4.52B in total; Greenhaven Associates is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:46 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 19, 2026 | Feb 20, 2025 | Feb 15, 2024 | Feb 16, 2023 | Feb 17, 2022 |
| Revenue | $5.46B | $4.73B | $4.69B | $4.82B | $3.76B |
| Cost of revenue | $3.88B | $3.28B | $3.26B | $3.29B | $2.48B |
| Selling, general and administrative | $928.7M | $816.3M | $815.1M | $872.8M | $648.7M |
| Operating income | $520.0M | $544.6M | $501.2M | $573.0M | $542.3M |
| Income tax | $127.9M | $129.9M | $119.5M | $87.8M | $51.7M |
| Net income | $377.7M | $454.5M | $417.1M | $419.4M | $481.7M |
| EPS, basic | $6.76 | $7.93 | $7.21 | $7.32 | $8.52 |
| EPS, diluted | $6.72 | $7.84 | $7.06 | $7.09 | $8.15 |
| Weighted shares, basic | 55.9M | 57.3M | 57.8M | 57.3M | 56.5M |
| Weighted shares, diluted | 56.2M | 58.0M | 59.1M | 59.2M | 59.1M |
| Margins and growth | |||||
| Operating margin | 9.5% | 11.5% | 10.7% | 11.9% | 14.4% |
| Net margin | 6.9% | 9.6% | 8.9% | 8.7% | 12.8% |
| Revenue growth, year over year | +15.4% | +0.8% | −2.8% | +28.4% | +41.3% |
| Net income growth, year over year | −16.9% | +9.0% | −0.6% | −12.9% | +47.2% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 19, 2026 | Feb 20, 2025 | Feb 15, 2024 | Feb 16, 2023 | Feb 17, 2022 |
| Cash and equivalents | $1.30B | $1.29B | $2.04B | $1.68B | $1.45B |
| Short-term investments | – | $1.69M | $60.7M | – | – |
| Total current assets | $2.53B | $2.43B | $3.09B | $2.76B | $2.27B |
| Property, plant and equipment | $202.4M | $207.7M | $235.1M | $273.3M | $236.2M |
| Goodwill | $1.21B | $1.18B | $562.5M | $529.1M | $530.7M |
| Intangible assets | $406.6M | $436.4M | $71.1M | $77.7M | $101.1M |
| Total assets | $4.90B | $4.75B | $4.35B | $4.01B | $3.52B |
| Accounts payable | $55.3M | $44.7M | $32.0M | $30.9M | $24.8M |
| Short-term debt | – | – | – | $2.86M | $16.0M |
| Total current liabilities | $976.9M | $821.0M | $644.9M | $747.5M | $763.4M |
| Long-term debt | $25.0M | $25.2M | $26.1M | $27.7M | $30.2M |
| Total liabilities | $1.22B | $1.12B | $880.9M | $1.01B | $1.03B |
| Shareholders' equity | $3.68B | $3.63B | $3.47B | $3.00B | $2.50B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 19, 2026 | Feb 20, 2025 | Feb 15, 2024 | Feb 16, 2023 | Feb 17, 2022 |
| Operating cash flow | $654.9M | $559.2M | $562.6M | $464.1M | $572.3M |
| Capital expenditures | $42.2M | $32.1M | $28.4M | $81.6M | $111.5M |
| Free cash flow | $612.7M | $527.0M | $534.2M | $382.5M | $460.8M |
| Depreciation and amortization | $124.8M | $89.6M | $91.8M | $92.3M | $83.4M |
| Stock-based compensation | $176.8M | $167.3M | $147.7M | $99.9M | $111.7M |
| Share buybacks | $662.2M | $398.0M | $164.9M | – | – |
| Investing cash flow | -$49.0M | -$885.0M | -$66.8M | -$182.9M | -$368.9M |
| Financing cash flow | -$651.2M | -$390.4M | -$165.8M | -$2.02M | -$59.6M |
| Net change in cash | $11.0M | -$752.7M | $359.5M | $234.3M | $125.8M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 3.2% | 3.5% | 3.1% | 2.1% | 3.0% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 3, 2026 | 51.0M | −7.6% | SEC |
| Jul 31, 2026 | 51.6M | −7.4% | SEC |
| Apr 30, 2026 | 52.2M | −7.8% | SEC |
| Feb 10, 2026 | 54.1M | −4.8% | SEC |
| Oct 31, 2025 | 55.2M | −2.6% | SEC |
| Jul 31, 2025 | 55.7M | −2.2% | SEC |
| Apr 30, 2025 | 56.7M | −2.3% | SEC |
| Feb 10, 2025 | 56.9M | −1.6% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.