Financial Statements — EPAM
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.79 | 1.04 | 1.24 | 1.04 | 1.17 | 2.04 | 1.79 | 1.98 | 1.87 | 1.78 | 1.75 | 1.49 | 1.29 | 1.28 | 1.27 | 1.28 | 1.37 |
| Short-term Investments | -- | -- | -- | -- | -- | 0.02 | 0.06 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 | -- | -- | -- | -- |
| Total Current Assets | 2.22 | 2.36 | 2.52 | 2.37 | 2.42 | 3.11 | 2.92 | 3.08 | 2.93 | 2.87 | 2.83 | 2.53 | 2.36 | 2.27 | 2.09 | 2.04 | 2.00 |
| Property, Plant & Equipment | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.21 | 0.21 | 0.22 | 0.24 | 0.26 | 0.27 | 0.21 | 0.21 | 0.22 | 0.18 | 0.17 | 0.16 |
| Goodwill | 1.20 | 1.20 | 1.21 | 1.21 | 1.19 | 0.62 | 0.61 | 0.60 | 0.55 | 0.53 | 0.53 | 0.51 | 0.52 | 0.53 | 0.39 | 0.34 | 0.21 |
| Intangible Assets | 0.37 | 0.39 | 0.42 | 0.44 | 0.43 | 0.07 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | 0.08 | 0.09 | 0.10 | 0.07 | 0.07 | 0.05 |
| Total Non-current Assets* | 2.36 | 2.35 | 2.32 | 2.34 | 2.31 | 1.35 | 1.31 | 1.29 | 1.24 | 1.22 | 1.24 | 1.21 | 1.20 | 1.24 | 1.15 | 0.92 | 0.78 |
| Total Assets | 4.57 | 4.70 | 4.84 | 4.71 | 4.72 | 4.46 | 4.22 | 4.37 | 4.16 | 4.09 | 4.07 | 3.74 | 3.56 | 3.51 | 3.24 | 2.96 | 2.78 |
| Accounts Payable | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.01 | 0.01 | -- | 0.03 | -- |
| Total Current Liabilities | 0.80 | 0.88 | 0.84 | 0.75 | 0.79 | 0.68 | 0.60 | 0.66 | 0.61 | 0.58 | 0.68 | 0.73 | 0.68 | 0.68 | 0.63 | 0.52 | 0.46 |
| Long-term Debt | 0.03 | 0.17 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.00 | 0.03 |
| Total Non-current Liabilities* | 0.25 | 0.39 | 0.28 | 0.29 | 0.29 | 0.22 | 0.22 | 0.24 | 0.25 | 0.25 | 0.26 | 0.25 | 0.26 | 0.27 | 0.27 | 0.23 | 0.25 |
| Total Liabilities | 1.05 | 1.27 | 1.12 | 1.04 | 1.08 | 0.90 | 0.83 | 0.90 | 0.86 | 0.83 | 0.94 | 0.98 | 0.94 | 0.95 | 0.90 | 0.75 | 0.72 |
| Total Stockholder Equity | 3.52 | 3.43 | 3.73 | 3.67 | 3.64 | 3.55 | 3.40 | 3.48 | 3.30 | 3.26 | 3.13 | 2.76 | 2.62 | 2.55 | 2.34 | 2.21 | 2.06 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 1.41 | 1.40 | 1.41 | 1.39 | 1.35 | 1.30 | 1.25 | 1.17 | 1.15 | 1.17 | 1.16 | 1.15 | 1.17 | 1.21 | 1.23 | 1.23 | 1.19 | 1.17 | 1.11 | 0.99 |
| Cost of Revenue | 0.99 | 1.01 | 0.98 | 0.98 | 0.96 | 0.95 | 0.87 | 0.76 | 0.81 | 0.83 | 0.80 | 0.79 | 0.81 | 0.86 | 0.83 | 0.83 | 0.85 | 0.78 | 0.73 | 0.65 |
| Gross Profit | 0.43 | 0.39 | 0.42 | 0.41 | 0.39 | 0.35 | 0.38 | 0.40 | 0.34 | 0.33 | 0.36 | 0.36 | 0.36 | 0.36 | 0.40 | 0.40 | 0.35 | 0.39 | 0.38 | 0.34 |
| Selling, General & Admin | 0.25 | 0.24 | 0.24 | 0.23 | 0.23 | 0.22 | 0.22 | 0.21 | 0.19 | 0.20 | 0.21 | 0.19 | 0.19 | 0.21 | 0.20 | 0.20 | 0.23 | 0.24 | 0.19 | 0.17 |
| Total Operating Expenses | 0.28 | 0.27 | 0.27 | 0.27 | 0.26 | 0.25 | 0.24 | 0.23 | 0.22 | 0.22 | 0.24 | 0.24 | 0.22 | 0.23 | 0.23 | 0.22 | 0.26 | 0.26 | 0.21 | 0.19 |
| Operating Income | 0.15 | 0.12 | 0.15 | 0.14 | 0.13 | 0.10 | 0.14 | 0.18 | 0.12 | 0.11 | 0.12 | 0.11 | 0.14 | 0.12 | 0.17 | 0.18 | 0.09 | 0.13 | 0.17 | 0.14 |
| Pretax Income | 0.14 | 0.12 | 0.14 | 0.14 | 0.12 | 0.09 | 0.14 | 0.19 | 0.13 | 0.12 | 0.13 | 0.13 | 0.15 | 0.13 | 0.20 | 0.19 | 0.01 | 0.11 | 0.16 | 0.14 |
| Tax Provision | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.02 | 0.03 | 0.05 | 0.04 | 0.01 | 0.03 | 0.03 | 0.03 | 0.02 | 0.05 | 0.04 | (0.01) | 0.02 | 0.02 | 0.02 |
| Net Income | 0.10 | 0.08 | 0.11 | 0.11 | 0.09 | 0.07 | 0.10 | 0.14 | 0.10 | 0.12 | 0.10 | 0.10 | 0.12 | 0.10 | 0.16 | 0.16 | 0.02 | 0.09 | 0.14 | 0.12 |
| Basic EPS | 1.97 | 1.53 | 1.99 | 1.92 | 1.56 | 1.29 | 1.81 | 2.40 | 1.71 | 2.01 | 1.69 | 1.68 | 2.07 | 1.77 | 2.69 | 2.72 | 0.33 | 1.58 | 2.51 | 2.04 |
| Diluted EPS | 1.97 | 1.52 | 1.97 | 1.91 | 1.56 | 1.28 | 1.80 | 2.37 | 1.70 | 1.97 | 1.65 | 1.65 | 2.03 | 1.73 | 2.62 | 2.63 | 0.32 | 1.52 | 2.40 | 1.95 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (2.42) | (36.36) | 282.89 | 294.68 | 53.20 | 24.16 | 130.26 | 241.96 | 57.03 | 129.92 | 171.37 | 214.88 | 89.05 | 87.33 | 186.07 | 252.37 | 77.52 | (51.85) | 284.61 | 206.05 |
| Capital Expenditures | 15.21 | 17.86 | 14.78 | 8.30 | 9.83 | 9.33 | 15.73 | 4.97 | 4.70 | 6.75 | 9.99 | 3.62 | 6.88 | 7.91 | 21.50 | 18.71 | 18.15 | 23.27 | 56.62 | 21.11 |
| Free Cash Flow* | (17.64) | (54.22) | 268.11 | 286.38 | 43.37 | 14.83 | 114.53 | 237.00 | 52.32 | 123.17 | 161.37 | 211.26 | 82.17 | 79.42 | 164.57 | 233.66 | 59.36 | (75.12) | 228.00 | 184.94 |
| Investing Cash Flow | (16.51) | (15.65) | (16.24) | (9.28) | (18.21) | (5.31) | (845.88) | 34.74 | (22.85) | (50.99) | (20.70) | (10.56) | (17.79) | (17.72) | (31.14) | (28.70) | (88.52) | (34.56) | (210.43) | (61.10) |
| Financing Cash Flow | (233.15) | (192.20) | (211.98) | (85.65) | (204.05) | (149.51) | 1.26 | (53.51) | (226.08) | (112.08) | (22.36) | (80.59) | (47.51) | (15.32) | 8.05 | 0.57 | (1.03) | (9.60) | (45.06) | 4.50 |
* Derived from reported values
