15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $5.5B | $378M | 28.8% | 9.5% | 10.3% | 7.7% | $613M | $25M | $1.3B |
| 2024 | $4.7B | $455M | 30.7% | 11.5% | 12.5% | 9.6% | $527M | $25M | $1.3B |
| 2023 | $4.7B | $417M | 30.6% | 10.7% | 12.0% | 9.6% | $534M | $26M | $2.0B |
| 2022 | $4.8B | $419M | 31.9% | 11.9% | 14.0% | 10.5% | $382M | $31M | $1.7B |
| 2021 | $3.8B | $482M | 33.9% | 14.4% | 19.4% | 13.7% | $461M | $46M | $1.4B |
| 2020 | $2.7B | $327M | 34.9% | 14.3% | 16.5% | 12.0% | $476M | $25M | $1.3B |
| 2019 | $2.3B | $261M | 35.1% | 13.2% | 16.4% | 11.6% | $188M | $25M | $937M |
| 2018 | $1.8B | $240M | 35.6% | 13.3% | 19.0% | 14.9% | $255M | — | $771M |
| 2017 | $1.5B | $73M | 36.5% | 11.9% | 7.5% | 5.8% | $163M | — | $583M |
| 2016 | $1.2B | $99M | 36.5% | 11.5% | 12.7% | 10.7% | $138M | — | $362M |
| 2015 | — | $84M | — | — | 13.8% | 10.8% | $63M | $35M | $199M |
| 2014 | — | $70M | — | — | 15.0% | 11.7% | $93M | $0 | $221M |
| 2013 | — | $62M | — | — | 16.5% | 14.3% | $45M | — | $169M |
| 2012 | — | $54M | — | — | 19.0% | 15.5% | $35M | — | $118M |
| 2011 | — | $44M | — | — | 46.7% | 18.8% | $39M | — | $89M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $1.4B | $103M | 30.4% | 10.8% | 2.9% | 2.3% | -$18M | $25M | $789M |
| Mar '26 | $1.4B | $83M | 27.7% | 8.3% | 2.4% | 1.8% | -$54M | $165M | $1.0B |
| Dec '25 | $1.4B | $109M | 30.1% | 10.6% | 3.0% | 2.2% | $268M | $25M | $1.3B |
| Sep '25 | $1.4B | $107M | 29.5% | 10.4% | 2.9% | 2.2% | $286M | $25M | $1.2B |
| Jun '25 | $1.4B | $88M | 28.8% | 9.3% | 2.4% | 1.9% | $43M | $25M | $1.0B |
| Mar '25 | $1.3B | $73M | 26.9% | 7.6% | 2.0% | 1.6% | $15M | $25M | $1.2B |
| Dec '24 | $1.2B | $103M | 30.4% | 10.9% | 2.8% | 2.2% | $115M | $25M | $1.3B |
| Sep '24 | $1.2B | $136M | 34.6% | 15.2% | 3.8% | 3.1% | $237M | $25M | $2.0B |
| Jun '24 | $1.1B | $99M | 29.3% | 10.5% | 2.9% | 2.3% | $52M | $26M | $1.8B |
| Mar '24 | $1.2B | $116M | 28.4% | 9.5% | 3.3% | 2.7% | $123M | $26M | $2.0B |
| Dec '23 | $1.2B | $98M | 31.1% | 10.6% | 2.8% | 2.2% | $161M | $26M | $2.0B |
| Sep '23 | $1.2B | $97M | 31.1% | 9.9% | 2.9% | 2.3% | $211M | $28M | $1.9B |
| Jun '23 | $1.2B | $120M | 30.9% | 12.3% | 3.7% | 2.9% | $82M | $26M | $1.8B |
| Mar '23 | $1.2B | $102M | 29.3% | 9.9% | 3.3% | 2.5% | $79M | $28M | $1.7B |
| Dec '22 | $1.2B | $155M | 32.4% | 13.8% | 5.2% | 3.9% | $165M | $31M | $1.7B |
| Sep '22 | $1.2B | $156M | 32.6% | 14.7% | 5.7% | 4.2% | $234M | $36M | $1.5B |
| Jun '22 | $1.2B | $19M | 29.2% | 7.8% | 0.7% | 0.5% | $59M | $37M | $1.3B |
| Mar '22 | $1.2B | $90M | 33.4% | 11.0% | 3.5% | 2.6% | -$75M | $40M | $1.3B |
| Dec '21 | $1.1B | $142M | 34.3% | 15.0% | 5.7% | 4.0% | $228M | $46M | $1.4B |
| Sep '21 | $989M | $116M | 33.9% | 14.6% | 4.9% | 3.6% | $185M | $25M | $1.3B |
How the market has priced EPAM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Epam Systems, Inc.'s revenue has grown 15.5% per year, and net income grown 2.9% per year. These are computed facts, not advice.
As of FY2025, Epam Systems, Inc. reported $25M of total debt against $1.3B of cash.
In FY2025, gross margin was 28.8%, operating margin 9.5%, and net margin 6.9%.
As of Sep '26, Epam Systems, Inc. traded at a price-to-earnings ratio of about 16.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.