EPAM Systems, Inc.
EPAM Systems, Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,037 | 1,296 | 1,239 | 1,041 | 1,174 | 1,286 | 2,036 | 1,787 | 1,984 | 2,036 | 1,873 | 1,777 | |||||
Prepaid Expense And Other Assets Current | 146 | 130 | 154 | 170 | 152 | 138 | 113 | 106 | 106 | 97 | 79 | 106 | |||||
Short Term Investments | - | - | - | - | - | 2 | 22 | 61 | 62 | 61 | 60 | 71 | |||||
Assets Current | 2,357 | 2,534 | 2,524 | 2,370 | 2,416 | 2,426 | 3,107 | 2,916 | 3,083 | 3,091 | 2,925 | 2,872 | |||||
Property Plant And Equipment Net | 203 | 202 | 199 | 202 | 203 | 208 | 208 | 210 | 222 | 235 | 240 | 256 | |||||
Operating Lease Right Of Use Asset | 118 | 115 | 123 | 129 | 124 | 128 | 130 | 130 | 136 | 135 | 136 | 146 | |||||
Intangible Assets Net Excluding Goodwill | 386 | 407 | 420 | 436 | 427 | 436 | 74 | 78 | 81 | 71 | 70 | 68 | |||||
Goodwill | 1,205 | 1,211 | 1,209 | 1,209 | 1,187 | 1,182 | 622 | 608 | 595 | 562 | 548 | 534 | |||||
Deferred Income Tax Assets Net | 283 | 295 | 235 | 241 | 255 | 270 | 218 | 213 | 197 | 198 | 188 | 164 | |||||
Other Assets Noncurrent | 151 | 139 | 133 | 123 | 111 | 101 | 98 | 68 | 60 | 60 | 56 | 53 | |||||
Assets | 4,703 | 4,902 | 4,843 | 4,711 | 4,724 | 4,750 | 4,457 | 4,223 | 4,375 | 4,352 | 4,162 | 4,094 | |||||
Liabilities | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 40 | 55 | 43 | 45 | 44 | 45 | 31 | 31 | 27 | 32 | 25 | 27 | |||||
Employee Related Liabilities Current | 568 | 608 | 544 | 459 | 496 | 485 | 423 | 368 | 438 | 413 | 392 | 359 | |||||
Accrued Liabilities And Other Liabilities | 224 | 251 | 189 | 185 | 174 | 201 | 156 | 130 | 123 | 125 | 128 | 128 | |||||
Accrued Income Taxes Current | 16 | 26 | 19 | 18 | 35 | 50 | 34 | 37 | 34 | 39 | 30 | 31 | |||||
Operating Lease Liability Current | 37 | 37 | 40 | 40 | 39 | 40 | 38 | 37 | 36 | 37 | 38 | 39 | |||||
Liabilities Current | 884 | 977 | 835 | 747 | 789 | 821 | 681 | 602 | 659 | 645 | 614 | 584 | |||||
Long Term Debt Noncurrent | 165 | 25 | 25 | 25 | 25 | 25 | 25 | 26 | 26 | 26 | 28 | 26 | |||||
Operating Lease Liability Noncurrent | 86 | 81 | 90 | 97 | 94 | 98 | 103 | 104 | 110 | 109 | 108 | 116 | |||||
Deferred Income Tax Liabilities Net | 74 | 77 | 97 | 98 | 94 | 92 | - | - | - | 9 | - | - | |||||
Other Liabilities Noncurrent | 62 | 64 | 69 | 75 | 78 | 82 | 94 | 94 | 104 | 92 | 113 | 104 | |||||
Liabilities | 1,272 | 1,224 | 1,116 | 1,042 | 1,080 | 1,119 | 903 | 825 | 899 | 881 | 862 | 830 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 1,360 | 1,390 | 1,330 | 1,286 | 1,235 | 1,190 | 1,129 | 1,087 | 1,040 | 1,009 | 951 | 914 | |||||
Treasury Stock Common Value | - | - | - | - | - | - | - | - | - | 0 | -0 | -0 | |||||
Retained Earnings Unappropriated | 2,085 | 2,268 | 2,384 | 2,360 | 2,469 | 2,556 | 2,465 | 2,379 | 2,497 | 2,501 | 2,440 | 2,421 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -14 | 19 | 12 | 21 | -62 | -117 | -41 | -69 | -61 | -39 | -92 | -72 | |||||
Stockholders Equity | 3,432 | 3,678 | 3,727 | 3,668 | 3,643 | 3,631 | 3,554 | 3,398 | 3,476 | 3,471 | 3,299 | 3,263 | |||||
Minority Interest | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Liabilities And Stockholders Equity | 4,703 | 4,902 | 4,843 | 4,711 | 4,724 | 4,750 | 4,457 | 4,223 | 4,375 | 4,352 | 4,162 | 4,094 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 160 | 160 | 160 | 160 | 160 | 160 | 160 | 160 | 160 | 160 | 160 | 160 | |||||
Common Stock Shares Issued | 53 | 54 | 55 | 56 | 57 | 57 | 57 | 57 | 58 | 58 | 58 | 58 | |||||
Shares Outstanding | 53 | 54 | 55 | 56 | 57 | 57 | 57 | 57 | 58 | 58 | 58 | 58 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.71% | -22.60% | -13.80% | - | - | - | - | - | - | - | - | - |
| 2025 | -2.90% | -2.66% | -4.99% | 11.80% | -3.74% | 1.05% | 11.31% | 25.84% | 29.89% | -0.86% | -5.25% | -32.90% |
| 2024 | -2.20% | 3.40% | 16.01% | 5.02% | 4.34% | 0.19% | 4.72% | 2.38% | 8.38% | -14.96% | -28.61% | -10.93% |
| 2023 | - | - | - | -0.38% | 6.52% | -8.85% | 6.14% | 23.26% | 24.64% | -1.85% | -14.90% | -39.78% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.67 | 2.59 | 3.02 | 3.17 | 3.06 | 2.96 | 4.56 | 4.84 | 4.68 | 4.79 | 4.77 | 4.92 | |||||
| Quick Ratio | 2.50 | 2.46 | 2.84 | 2.94 | 2.87 | 2.79 | 4.40 | 4.66 | 4.52 | 4.64 | 4.64 | 4.74 | |||||
| Working Capital | 1.47B | 1.56B | 1.69B | 1.62B | 1.63B | 1.61B | 2.43B | 2.31B | 2.42B | 2.45B | 2.31B | 2.29B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.37 | 0.33 | 0.30 | 0.28 | 0.30 | 0.31 | 0.25 | 0.24 | 0.26 | 0.25 | 0.26 | 0.25 | |||||
| Debt Ratio | 0.27 | 0.25 | 0.23 | 0.22 | 0.23 | 0.24 | 0.20 | 0.20 | 0.21 | 0.20 | 0.21 | 0.20 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.18 | 1.13 | 1.14 | 1.14 | 1.07 | 1.04 | 1.08 | 1.11 | 1.10 | 1.12 | 1.21 | 1.26 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 7.14 | 6.72 | 6.66 | 7.10 | 7.19 | 7.84 | 7.82 | 7.04 | 7.31 | 7.06 | 8.05 | 9.01 | |||||
| Free Cash Flow Per Share TTM | 10.11 | 10.96 | 8.26 | 7.28 | 7.37 | 9.20 | 10.08 | 9.52 | 9.99 | 9.24 | 9.29 | 9.65 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 29.01% | 28.83% | 28.89% | 30.03% | 30.20% | 30.68% | 30.84% | 29.96% | 30.36% | 30.57% | 30.92% | 31.31% | |||||
| Operating Profit Margin TTM | 9.67% | 9.53% | 9.57% | 10.63% | 10.97% | 11.52% | 11.44% | 10.12% | 10.58% | 10.69% | 11.53% | 12.72% | |||||
| Net Profit Margin TTM | 6.96% | 6.92% | 7.01% | 7.91% | 8.47% | 9.61% | 9.68% | 8.86% | 9.28% | 8.89% | 9.96% | 11.02% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 14.21% | 15.42% | 14.26% | 9.73% | 4.72% | 0.80% | -2.68% | -4.50% | -4.50% | -2.78% | 1.36% | 8.45% | |||||
| Net Income Growth (1Y) | -6.08% | -16.91% | -17.19% | -2.07% | -4.47% | 8.98% | -5.43% | -23.20% | -0.22% | -0.56% | 16.70% | 45.64% | |||||
| EPS Growth (1Y) | -0.87% | -14.83% | -15.18% | 0.14% | -2.69% | 10.01% | -3.87% | -22.67% | -0.45% | -1.48% | 15.83% | 43.75% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 18.83 | 30.32 | 22.54 | 24.82 | 23.28 | 29.47 | 25.24 | 26.45 | 37.06 | 41.23 | 31.17 | 24.43 | |||||
| P/B TTM | 2.12 | 3.11 | 2.25 | 2.71 | 2.63 | 3.69 | 3.19 | 3.19 | 4.60 | 4.95 | 4.48 | 3.99 | |||||
| P/S TTM | 1.31 | 2.10 | 1.58 | 1.96 | 1.97 | 2.83 | 2.44 | 2.34 | 3.44 | 3.67 | 3.10 | 2.69 | |||||
| Market Cap | 7.28B | 11.45B | 8.38B | 9.96B | 9.59B | 13.40B | 11.33B | 10.83B | 15.97B | 17.19B | 14.79B | 13.03B | |||||
| Enterprise Value | 6.41B | 10.18B | 7.16B | 8.94B | 8.43B | 12.13B | 9.31B | 9.07B | 14.01B | 15.18B | 12.95B | 11.28B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 543.64M | 612.69M | 459.11M | 409.73M | 418.68M | 527.02M | 573.86M | 548.12M | 577.97M | 534.22M | 537.42M | 559.82M | |||||
| Net Debt | -877.62M | -1.28B | -1.22B | -1.02B | -1.15B | -1.27B | -2.02B | -1.76B | -1.96B | -2.02B | -1.85B | -1.75B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
EPAM Systems, Inc. (EPAM) — SEC Financial Statements & Analysis
EPAM Systems, Inc. (EPAM) is a services-computer programming services company, incorporated in DE. EPAM Systems, Inc. trades on EPAM: NYSE as: EPAM. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), EPAM Systems, Inc. reported a 14.21% year-over-year revenue growth, a Gross Profit Margin of 29.01% (TTM), a Debt-to-Equity ratio of 0.37x, a Price-to-Sales (P/S) ratio of 1.31x (TTM), a Price-to-Book (P/B) ratio of 2.12 (TTM), at a market cap of $7.28B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 14.21%
- Gross Profit Margin TTM
- 29.01%
- Debt To Equity
- 0.37x
- P/S TTM
- 1.31x
- P/B TTM
- 2.12
- Market Cap
- $7.28B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is EPAM Systems, Inc. in?
EPAM Systems, Inc. (EPAM) operates in the Services-Computer Programming Services industry.
What is EPAM's market cap?
EPAM Systems, Inc. (EPAM) has a market capitalization of $7.28B as of 2026-03-31.
What is EPAM's P/E ratio?
EPAM Systems, Inc. (EPAM)'s trailing twelve month P/E ratio is 18.83x as of 2026-03-31.
What exchange does EPAM trade on?
EPAM Systems, Inc. (EPAM) trades on the EPAM: NYSE.
Where is EPAM Systems, Inc. incorporated?
EPAM Systems, Inc. is incorporated in DE.