EPAM Systems, Inc. (New York Stock Exchange:EPAM)
Insiders here have filed 6 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $5.62B
- Net income
- $401.7M
- Net margin
- 7.2%
Little or no net debt.
- Total debt
- $152.2M
- Cash
- $789.4M
- Net debt / EBITDA
- -0.90x
Comfortably covers what is due within a year.
- Current assets
- $2.22B
- Current liabilities
- $804.4M
- Current ratio
- 2.75
The business funds itself from operations.
- Operating cash flow
- $538.8M
- Free cash flow
- $482.6M
- FCF margin
- 8.6%
Not funding itself by issuing shares.
- Shares outstanding
- 52.3M
- Share growth (1y)
- -7.6%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
EPAM Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 1.41 B | 1.40 B | 1.41 B | 1.39 B | 1.35 B | 1.30 B |
| Revenue Growth (YoY) | 4.53 % | 7.56 % | 12.75 % | 19.43 % | 18.04 % | 11.69 % |
| Cost of Revenue | 985.20 M | 1.04 B | 984.35 M | 1.01 B | 964.01 M | 952.01 M |
| Gross Profit | 429.57 M | 358.34 M | 423.20 M | 379.89 M | 389.43 M | 349.68 M |
| SG&A Expense | 245.25 M | 239.70 M | 243.16 M | 223.86 M | 231.68 M | 218.92 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 277.35 M | 239.70 M | 273.95 M | 223.86 M | 262.95 M | 250.35 M |
| Operating Income | 152.22 M | 118.64 M | 149.25 M | 156.03 M | 126.48 M | 99.33 M |
| Pretax Income | 140.55 M | 120.65 M | 143.82 M | 143.62 M | 123.77 M | 94.42 M |
| Tax Provision | 37.57 M | 38.13 M | 34.47 M | 36.80 M | 35.74 M | 20.93 M |
| Net Income | 102.98 M | 82.52 M | 109.35 M | 106.82 M | 88.03 M | 73.48 M |
| EPS (Basic) | 1.97 | 1.53 | 1.99 | 1.92 | 1.56 | 1.29 |
| EPS (Diluted) | 1.97 | 1.52 | 1.98 | 1.91 | 1.56 | 1.28 |
| Shares Outstanding | 52.27 M | 53.79 M | 54.94 M | 55.56 M | 56.55 M | 56.78 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.