EPAM SYSTEMS financials
$107.14−0.38%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.46B | $4.73B | $4.69B | $4.82B | $3.76B | $2.66B | $2.29B | $1.84B | $1.45B | $1.16B |
| Gross profit | $1.57B | $1.45B | $1.43B | $1.54B | $1.27B | $927.0M | $805.6M | $656.0M | $529.1M | $422.9M |
| Gross margin | 28.8% | 30.7% | 30.6% | 31.9% | 33.9% | 34.9% | 35.1% | 35.6% | 36.5% | 36.5% |
| Operating income | $520.0M | $544.6M | $527.2M | $573.0M | $542.3M | $379.3M | $302.9M | $245.8M | $172.9M | $133.7M |
| Net income | $377.7M | $454.5M | $417.1M | $419.4M | $481.7M | $327.2M | $261.1M | $240.3M | $72.8M | $99.3M |
| Net margin | 6.9% | 9.6% | 8.9% | 8.7% | 12.8% | 12.3% | 11.4% | 13.0% | 5.0% | 8.6% |
| Diluted EPS | $6.72 | $7.84 | $7.06 | $7.09 | $8.15 | $5.60 | $4.53 | $4.24 | $1.32 | $1.87 |
| EBITDA | $644.8M | $634.1M | $619.0M | $665.2M | $687.5M | $442.2M | $348.2M | $282.4M | $201.5M | $157.1M |
| Operating cash flow | $654.9M | $559.2M | $562.6M | $464.1M | $572.3M | $544.4M | $287.5M | $292.2M | $192.8M | $167.2M |
| Free cash flow | $612.7M | $527.0M | $534.2M | $382.5M | $460.8M | $475.6M | $188.1M | $254.6M | $163.0M | $137.9M |
| Diluted shares | 56.2M | 58.0M | 59.1M | 59.2M | 59.1M | 58.4M | 57.7M | 56.7M | 55.0M | 53.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.30B | $1.29B | $2.04B | $1.68B | $1.45B | $1.32B |
| Short-term investments | $0.00 | $0.00 | $60.7M | $60.3M | $0.00 | $60.0M |
| Total debt | $25.0M | $25.2M | $26.1M | $27.7M | $46.3M | $25.0M |
| Total assets | $4.90B | $4.75B | $4.35B | $4.01B | $3.52B | $2.72B |
| Total liabilities | $1.22B | $1.12B | $880.9M | $1.01B | $1.03B | $738.3M |
| Shareholders' equity | $3.68B | $3.63B | $3.47B | $3.00B | $2.50B | $1.98B |
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