Buyback Radar

EPAM Systems › Financials

EPAM Systems financials

EPAM

Ten years from EPAM Systems’ own SEC filings. Fiscal years end in December.

$6.30BMarket capat $122.19 a share
$5.62BRevenuelast 12 months to Jun 2026
$401.7MNet incomelast 12 months to Jun 2026
$482.6MFree cash flowlast 12 months to Jun 2026
$789.4MCashJun 2026
$25.0MDebtJun 2026

Income statement

Dec 2016fiscal yearDec 2017fiscal yearDec 2018fiscal yearDec 2019fiscal yearDec 2020fiscal yearDec 2021fiscal yearDec 2022fiscal yearDec 2023fiscal yearDec 2024fiscal yearDec 2025fiscal yearLast 12 monthsto Jun 2026Latest quarterJun 2026
Revenue$1.16B$1.45B$1.84B$2.29B$2.66B$3.76B$4.82B$4.69B$4.73B$5.46B$5.62B—
Operating income$133.7M$172.9M$245.8M$302.9M$379.3M$542.3M$573.0M$501.2M$544.6M$520.0M$563.2M—
Net income$99.3M$72.8M$240.3M$261.1M$327.2M$481.7M$419.4M$417.1M$454.5M$377.7M$401.7M—
Earnings per share, diluted$1.87$1.32$4.24$4.53$5.60$8.15$7.09$7.06$7.84$6.72——

Balance sheet

Dec 2016fiscal yearDec 2017fiscal yearDec 2018fiscal yearDec 2019fiscal yearDec 2020fiscal yearDec 2021fiscal yearDec 2022fiscal yearDec 2023fiscal yearDec 2024fiscal yearDec 2025fiscal yearLast 12 monthsto Jun 2026Latest quarterJun 2026
Cash and equivalents$362.0M$582.6M$770.6M$936.6M$1.32B$1.45B$1.68B$2.04B$1.29B$1.30B—$789.4M
Total assets$925.8M$1.25B$1.61B$2.24B$2.72B$3.52B$4.01B$4.35B$4.75B$4.90B—$4.57B
Debt$25.0M$25.0M$25.0M$25.1M$25.0M$30.2M$27.7M$26.1M$25.2M$25.0M—$25.0M
Total liabilities$144.4M$275.3M$349.2M$648.1M$738.3M$1.03B$1.01B$880.9M$1.12B$1.22B—$1.05B
Shareholders' equity$781.4M$974.9M$1.26B$1.60B$1.98B$2.49B$3.00B$3.47B$3.63B$3.68B—$3.52B

Cash flow

Dec 2016fiscal yearDec 2017fiscal yearDec 2018fiscal yearDec 2019fiscal yearDec 2020fiscal yearDec 2021fiscal yearDec 2022fiscal yearDec 2023fiscal yearDec 2024fiscal yearDec 2025fiscal yearLast 12 monthsto Jun 2026Latest quarterJun 2026
Operating cash flow$167.2M$192.8M$292.2M$287.5M$544.4M$572.3M$464.1M$562.6M$559.2M$654.9M$538.8M—
Capital spending$29.3M$29.8M$37.6M$99.3M$68.8M$111.5M$81.6M$28.4M$32.1M$42.2M$56.2M—
Free cash flow$137.9M$163.0M$254.6M$188.1M$475.6M$460.8M$382.5M$534.2M$527.0M$612.7M$482.6M—
Buybacks—————$0$0$164.9M$398.0M$662.2M$714.6M—
Returned to shareholders—————$0$0$164.9M$398.0M$662.2M$714.6M—
Stock-based pay$49.2M$52.4M$59.2M$72.0M$75.2M$111.7M$99.9M$147.7M$167.3M$176.8M$186.1M—
Where these numbers come from

Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count

EPAM Systems financials, answered

What is EPAM Systems' market cap?

$6.30B at $122.19 a share, with 51,586,981 shares outstanding as of Jul 31, 2026, from the cover of its latest SEC filing.

How much does EPAM Systems earn?

Revenue of $5.62B and net income of $401.7M in the last 12 months to Jun 2026.

How much debt does EPAM Systems have?

EPAM Systems reported $25.0M of debt and $789.4M of cash and equivalents on its balance sheet in Jun 2026.

Does EPAM Systems make free cash flow?

Yes. Operating cash flow minus capital spending was $482.6M in the last 12 months to Jun 2026.

How much cash does EPAM Systems return to shareholders?

$662.2M in buybacks and dividends in fiscal 2025, from the cash flow statement.

EPAM Systems buybacks and share count

Most people find these stocks after they triple. My readers find them before.

Free. Your email goes to Substack, which runs the newsletter. Privacy