EPAM SYSTEMS financials
$107.14−0.38%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.40B | $1.41B | $1.39B | $1.35B | $1.30B | $1.25B | $1.17B | $1.15B | $1.17B | $1.16B | $1.15B |
| Gross profit | $429.6M | $388.0M | $423.2M | $411.2M | $389.4M | $349.7M | $380.0M | $403.5M | $335.7M | $331.1M | $359.6M | $357.9M |
| Gross margin | 30.4% | 27.7% | 30.1% | 29.5% | 28.8% | 26.9% | 30.4% | 34.6% | 29.3% | 28.4% | 31.1% | 31.1% |
| Operating income | $152.2M | $116.8M | $149.3M | $144.9M | $126.5M | $99.3M | $136.5M | $177.0M | $120.6M | $110.5M | $122.5M | $139.9M |
| Net income | $103.0M | $82.5M | $109.4M | $106.8M | $88.0M | $73.5M | $103.3M | $136.3M | $98.6M | $116.2M | $97.6M | $97.2M |
| Net margin | 7.3% | 5.9% | 7.8% | 7.7% | 6.5% | 5.6% | 8.3% | 11.7% | 8.6% | 10.0% | 8.4% | 8.4% |
| Diluted EPS | $1.97 | $1.52 | $1.98 | $1.91 | $1.56 | $1.28 | $1.80 | $2.37 | $1.70 | $1.97 | $1.66 | $1.65 |
| EBITDA | $184.3M | $148.3M | $180.0M | $176.3M | $157.8M | $130.8M | $163.1M | $196.7M | $141.7M | $132.7M | $122.5M | $163.0M |
| Operating cash flow | -$2.4M | -$36.4M | $282.9M | $294.7M | $53.2M | $24.2M | $130.3M | $242.0M | $57.0M | $129.9M | $171.4M | $214.9M |
| Free cash flow | -$17.6M | -$54.2M | $268.1M | $286.4M | $43.4M | $14.8M | $114.5M | $237.0M | $52.3M | $123.2M | $161.4M | $211.3M |
| Diluted shares | 52.3M | 54.2M | 55.3M | 55.8M | 56.5M | 57.3M | 57.4M | 57.4M | 58.1M | 58.9M | 58.9M | 58.9M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $789.4M | $1.04B | $1.30B | $1.24B | $1.04B | $1.17B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $25.0M | $165.0M | $25.0M | $25.0M | $25.0M | $25.1M |
| Total assets | $4.57B | $4.70B | $4.90B | $4.84B | $4.71B | $4.72B |
| Total liabilities | $1.05B | $1.27B | $1.22B | $1.12B | $1.04B | $1.08B |
| Shareholders' equity | $3.52B | $3.43B | $3.68B | $3.73B | $3.67B | $3.64B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology