Inferra AI / Company / EPAM
Epam Systems, Inc.
EPAM · Information Technology
Last earnings Aug 6, 2026
Key results
Revenuequarter
$1.353 billion
revenues of $1.353 billion, up 18.0% year-over-year GAAP income from operations was 9.3% of revenues and non-GAAP income from operations was 15.0% of revenues for the second quarter Second quarter
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
GAAP EPSquarter
$1.56
GAAP diluted EPS of $1.56, a decrease of $0.14, and non-GAAP
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Second Quarter 2025 Highlights Revenues increased to $1.353 billion, a year-over-year increase of $206.8 million, or 18.0%.
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
revenues were up 5.3% compared to the second quarter of 2024 GAAP income from operations was $126.5 million, an increase of $5.9 million, or 4.9%, compared to $120.6 million in the second quarter of 2024 Non-GAAP income from operations was $202.9 million, an increase of $28.4 million, or 16.3%
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Non-GAAP EPSquarter
$2.77
Non-GAAP diluted EPS was $2.77, an increase of $0.32, or 13.1%, compared to $2.45 in the second quarter of 2024.
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
AI analysis
Q2 2025 · reported Aug 7, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $1.353 billion | — | — |
| GAAP EPS | $1.56 | — | — |
| Non-GAAP EPS | $2.77 | — | $2.45 |
Guidance · company-stated
Direction: Raised
“2025 Outlook - Full Year and Third Quarter Full Year EPAM expects the following for the full year Based on the strength of organic constant currency revenue growth and updates to our foreign exchange rate assumptions, the Company raises its expected year-over-year revenue growth rate to now be in the range of 13.0% to 15.0% for 2025.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Cash Flow and Other Metrics Cash provided by operating activities was $77.4 million for the first six months of 2025, compared to cash provided by operating activities of $186.9 million for the first six months of 2024 Cash, cash equivalents and restricted cash totaled $1.046 billion as of June 30, 2025, a decrease of $243.9 million, or 18.9%, from $1.290 billion as of December 31, 2024 The Company repurchased 1.087 million shares of its common stock for $194.9 million during the second quarter of 2025 under its share repurchase program.
As of June 30, 2025, the Company had $82.1 million remaining under its share repurchase authorization and Total headcount was approximately 62,050 as of June 30, 2025.
Event summary
Epam Systems, Inc. Q2 2025 — revenues of $1.353 billion, up 18.0% year-over-year GAAP income from operations was 9.3% of revenues and non-GAAP income from operations was 15.0% of revenues for the second quarter Second quarter
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Revenue: “2025 Outlook - Full Year and Third Quarter Full Year EPAM expects the following for the full year Based on the strength of organic constant currency revenue growth and updates to our foreign exchange rate assumptions, the Company raises its expected year-over-year revenue growth rate to now be in the range of 13.0% to 15.0% for 2025.”
Revenue — Raised (“raises”)
“2025 Outlook - Full Year and Third Quarter Full Year EPAM expects the following for the full year Based on the strength of organic constant currency revenue growth and updates to our foreign exchange rate assumptions, the Company raises its expected year-over-year revenue growth rate to now be in the range of 13.0% to 15.0% for 2025.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Cash Flow and Other Metrics Cash provided by operating activities was $77.4 million for the first six months of 2025, compared to cash provided by operating activities of $186.9 million for the first six months of 2024 Cash, cash equivalents and restricted cash totaled $1.046 billion as of June 30, 2025, a decrease of $243.9 million, or 18.9%, from $1.290 billion as of December 31, 2024 The Company repurchased 1.087 million shares of its common stock for $194.9 million during the second quarter of 2025 under its share repurchase program.
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
As of June 30, 2025, the Company had $82.1 million remaining under its share repurchase authorization and Total headcount was approximately 62,050 as of June 30, 2025.
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
In April 2024, Belarus instituted restrictions on distributing dividends from Belarus to shareholders in certain countries, including the U.
SEC original ↗Epam Systems, Inc. — 10-Q Quarterly report10-QAug 6, 2026
Exposure to interest rate risk results primarily from variable rates related to cash and cash equivalent deposits, short-term investments and the Company s borrowings, mainly under the 2025 Credit Agreement, which is subject to a variety of rates depending on the type and timing of funds borrowed (See Note 6 Debt ).
SEC original ↗Epam Systems, Inc. — 10-Q Quarterly report10-QAug 6, 2026
The Company does not believe it is exposed to material direct risks associated with changes in interest rates related to these deposits, investments and borrowings.
SEC original ↗Epam Systems, Inc. — 10-Q Quarterly report10-QAug 6, 2026
DEBT Revolving Credit Facility On October 3, 2025, the Company replaced its 2021 Credit Agreement with an amended and restated credit agreement (the 2025 Credit Agreement ) with a syndicate of lenders.
SEC original ↗Epam Systems, Inc. — 10-Q Quarterly report10-QAug 6, 2026
Strategy & priorities
Balazs Fejes, President of Global Business and Chief Revenue Officer at EPAM added, As our clients prioritize their AI-readiness and preparatory actions, they are increasingly turning to us to build out their data and AI foundation.
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
We address our clients' transformation challenges by focusing EPAM Continuum's integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients' time to market and drive greater value from their innovations and digital investments.
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Through platforms like EPAM AI RUN and initiatives like DIALX Lab, we integrate advanced AI technologies into tailored business strategies, driving significant industry impact and fostering continuous innovation.
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Consistent with the Company's historical non-GAAP policy, costs incurred in connection with formal restructuring initiatives have been excluded from non-GAAP results as these are one-time and unusual in nature.
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
In a business landscape that is constantly challenged by the pressures of digitization, EPAM focuses on building long-term partnerships with clients in various industries through innovative and scalable software solutions, integrated strategy, experience and technology consulting, and a continually evolving mix of advanced capabilities.
SEC original ↗Epam Systems, Inc. — 10-Q Quarterly report10-QAug 6, 2026
Risks & headwinds
We address our clients' transformation challenges by focusing EPAM Continuum's integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients' time to market and drive greater value from their innovations and digital investments.
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us.
SEC original ↗Epam Systems, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Legal Proceedings 43 Item 1A.
SEC original ↗Epam Systems, Inc. — 10-Q Quarterly report10-QAug 6, 2026
Risks and Uncertainties As a result of its global operations, the Company may be subject to certain inherent risks.
SEC original ↗Epam Systems, Inc. — 10-Q Quarterly report10-QAug 6, 2026
However, a banking crisis, bankruptcy or insolvency of banks that process or hold the Company s funds, or sanctions may result in the loss of deposits or adversely affect the Company s ability to complete banking transactions, which could adversely affect the Company s business and financial condition.
SEC original ↗Epam Systems, Inc. — 10-Q Quarterly report10-QAug 6, 2026
Earnings deck slides
0 decks with slide viewEpam Systems, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
33 documents- Q2 2026
- 10-QEPAM
Aug 6, 2026
- 8-KEPAM
Aug 6, 2026
- Q1 2026
- 8-KEPAM
May 26, 2026
- 10-QEPAM
May 7, 2026
- 8-KEPAM
May 7, 2026
- 8-KEPAM
Apr 1, 2026
- Q4 2025
- 8-KEPAM
Mar 12, 2026
- 8-KEPAM
Mar 5, 2026
- 10-KEPAM
Feb 26, 2026
- 8-KEPAM
Feb 19, 2026
- 8-KEPAM
Jan 13, 2026
- Q3 2025
- 10-QEPAM
Nov 6, 2025
- 8-KEPAM
Nov 6, 2025
- 8-KEPAM
Oct 21, 2025
- 8-KEPAM
Oct 6, 2025
- Q2 2025
- 8-KEPAM
Sep 2, 2025
- 10-QEPAM
Aug 7, 2025
- 8-KEPAM
Aug 7, 2025
- Q1 2025
- 8-KEPAM
Jun 26, 2025
- 8-KEPAM
May 27, 2025
- 10-QEPAM
May 8, 2025
- 8-KEPAM
May 8, 2025
- EX-99EPAM
May 8, 2025
- Q4 2024
- 10-KEPAM
Feb 28, 2025
- 8-KEPAM
Feb 20, 2025
- Q3 2024
- 10-QEPAM
Nov 7, 2024
- 8-KEPAM
Nov 7, 2024
- EX-99EPAM
Nov 7, 2024
- 8-KEPAM
Nov 1, 2024
- Q2 2024
- 8-KEPAM
Sep 4, 2024
- 10-QEPAM
Aug 8, 2024
- 8-KEPAM
Aug 8, 2024
- EX-99EPAM
Aug 8, 2024
Earnings releases
14 documentsPresentations
1 document- Q4 2025
- EPAMDeck
Transcripts
0 documentsNo transcripts for Epam Systems, Inc. are held in this edition of the library.
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