EPAM Systems, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $5.5B | $4.7B | $4.7B | $4.8B | $3.8B |
| Cost of revenue | $3.9B | $3.3B | $3.3B | $3.3B | $2.5B |
| Selling, general & administrative | $928.7M | $816.3M | $815.1M | $872.8M | $648.7M |
| Operating income | $520.0M | $544.6M | $501.2M | $573.0M | $542.3M |
| Pretax income | $505.6M | $584.4M | $536.6M | $507.3M | $533.4M |
| Income tax expense | $127.9M | $129.9M | $119.5M | $87.8M | $51.7M |
| Net income | $377.7M | $454.5M | $417.1M | $419.4M | $481.7M |
| Balance Sheet | |||||
| Cash and equivalents | $1.3B | $1.3B | $2.0B | $1.7B | $1.4B |
| Current assets | $2.5B | $2.4B | $3.1B | $2.8B | $2.3B |
| Total assets | $4.9B | $4.8B | $4.4B | $4.0B | $3.5B |
| Current liabilities | $976.9M | $821.0M | $644.9M | $747.5M | $763.4M |
| Total liabilities | $1.2B | $1.1B | $880.9M | $1.0B | $1.0B |
| Stockholders' equity | $3.7B | $3.6B | $3.5B | $3.0B | $2.5B |
| Cash Flow Statement | |||||
| Cash from operations | $654.9M | $559.2M | $562.6M | $464.1M | $572.3M |
| Depreciation and amortization | $53.1M | $59.4M | $68.2M | $69.0M | $65.5M |
| Stock-based compensation | $176.8M | $167.3M | $147.7M | $99.9M | $111.7M |
| Capital expenditure | $42.2M | $32.1M | $28.4M | $81.6M | $111.5M |
| Free cash flow | $612.7M | $527.0M | $534.2M | $382.5M | $460.8M |
| Share repurchases | $662.2M | $398.0M | $164.9M | $0 | $0 |
| Impairments | $175,000 | $417,000 | $6.0M | $23.6M | $144,000 |
Shares outstanding 52.2M · Free float 96.2%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.