EPAM Systems, Inc. (EPAM) — Financial statements
Income statement, balance sheet, and cash flow for EPAM Systems, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 5,457↑15.4% | 4,728↑0.8% | 4,691↓2.8% | 4,825↑28.4% | 3,758 | |
| Cost of Revenue | 4,008↑22.3% | 3,277↑0.6% | 3,257↓0.9% | 3,287↑32.3% | 2,484 | |
| Gross Profit | 1,449↓0.1% | 1,450↑1.1% | 1,434↓6.8% | 1,538↑20.7% | 1,274 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 929↑13.8% | 816↑0.2% | 815↓6.6% | 873↑34.5% | 649 | |
| Other Expenses | 0.00↓100.0% | 90↓23.9% | 118↑27.6% | 92↑10.6% | 83 | |
| Operating Expenses | 928↑2.4% | 906↓2.9% | 933↓3.3% | 965↑31.8% | 732 | |
| Total Costs & Expenses | 4,936↑18.0% | 4,183↓0.1% | 4,189↓1.5% | 4,252↑32.2% | 3,216 | |
| Operating Results | ||||||
| Operating Income | 521↓4.3% | 545↑8.6% | 501↓12.5% | 573↑5.7% | 542 | |
| Depreciation & Amortization | 125↓1.8% | 127↓4.2% | 133↓5.2% | 140↓3.5% | 145 | |
| EBITDA | 630↓6.1% | 672↑1.8% | 660↓7.5% | 713↑4.8% | 680 | |
| EBIT | 506↓7.2% | 545↑3.3% | 527↓8.0% | 573↑7.1% | 535 | |
| Interest & Other Income | ||||||
| Net Interest Income | 15↓68.0% | 47↓8.3% | 51↑410.0% | 10↑680.5% | -2 | |
| Interest Income | 15↓68.0% | 47↓8.3% | 51↑410.0% | 10 | 0.00 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 2 | |
| Non-Operating Income | 16 | 0.00↑100.0% | -26 | 0.00↓100.0% | 7 | |
| Other Income / Expenses | -16↓139.0% | 40↑12.7% | 35↑153.8% | -66↓636.3% | -9 | |
| Income Before Tax | 506↓13.5% | 584↑8.9% | 537↑5.8% | 507↓4.9% | 533 | |
| Income Tax Expense | 128↓1.5% | 130↑8.7% | 120↑36.0% | 88↑69.8% | 52 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 378↓16.9% | 455↑9.0% | 417↓0.6% | 419↓12.9% | 482 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 378↓16.9% | 455↑9.0% | 417↓0.6% | 419↓12.9% | 482 | |
| Bottom-Line Net Income | 378↓16.9% | 455↑9.0% | 417↓0.6% | 419↓12.9% | 482 | |
| EPS (Basic) | 6.76↓14.8% | 7.93↑10.0% | 7.21↓1.5% | 7.32↓14.1% | 8.52 | |
| EPS (Diluted) | 6.72↓14.3% | 7.84↑11.0% | 7.06↓0.4% | 7.09↓13.0% | 8.15 | |
| Weighted Average Shares | 56↓2.4% | 57↓0.9% | 58↑0.9% | 57↑1.4% | 57 | |
| Weighted Average Diluted Shares | 56↓3.0% | 58↓1.9% | 59↓0.1% | 59↑0.2% | 59 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.