EPAM FINANCIAL STATEMENTS

EPAM Systems Inc — balance sheet, income statement and cash flow trends

EPAMEPAM Systems Inc

🇺🇸 USA · US · Technology · Information Technology Services

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue5.6 B $+14.2%

Gross Profit1.6 B $+5.6%

Operating Income550.4 M $+3.2%

EBITDA677.9 M $-2.1%

Net Income386.7 M $-6.1%

Peer Comparison· Information Technology Services

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
EPAM	14.2%	27.9%	12.2%	7.0%
NXT	18.0%	3.1%	48.0%	-12.6%
IDR	-6.0%	13.6%	14.1%	8.0%
GIB-A	7.9%	20.5%	18.0%	10.3%
CAP	1.0%	25.1%	14.5%	7.1%
AMS	4.6%	36.4%	38.7%	20.4%
Industry median	5.5%	29.8%	13.8%	4.7%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
EPAM	14.2%	27.9%	12.2%	7.0%
SAIC	-2.9%	12.5%	10.1%	5.6%
G	6.4%	36.4%	16.9%	11.0%
EXLS	13.4%	38.5%	20.3%	11.7%
PSN	-6.9%	22.8%	8.6%	3.6%
CIFR	21.6%	-6.3%	15.9%	-150.1%
Industry median	5.5%	29.8%	13.8%	4.7%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity3.4 B $73%
Current Liabilities884.3 M $19%
Long-term Liabilities387.4 M $8%

Key Figures

YoY change

Total Assets4.7 B $-0.4%

Total Liabilities1.3 B $+17.7%

Total Equity3.4 B $-5.8%

Cash & ST Investments1 B $-11.6%

Total Debt287.9 M $+82.1%

Net Debt-749 M $—

Peer Comparison· Information Technology Services

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
EPAM	2.67	8.4%	-1.10	72.9%
NXT	1.39	61.9%	10.52	59.4%
IDR	1.76	81.3%	-1.05	16.2%
GIB-A	0.95	43.0%	1.22	51.8%
CAP	1.18	81.2%	1.97	40.1%
AMS	0.77	69.9%	1.05	42.0%
Industry median	1.60	66.6%	1.05	43.4%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
EPAM	2.67	8.4%	-1.10	72.9%
SAIC	1.16	188.0%	3.49	26.7%
G	1.69	71.0%	0.95	44.1%
EXLS	2.66	66.6%	0.60	46.5%
PSN	1.75	63.3%	2.59	44.1%
CIFR	3.13	—	—	11.2%
Industry median	1.60	66.6%	1.05	43.4%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow594.4 M $+31.1%

Capital Expenditures50.8 M $+46.2%

Free Cash Flow543.6 M $+29.8%

Dividends Paid——

Peer Comparison· Information Technology Services

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
EPAM	10.7%	9.8%	0.9%	153.7%
NXT	36.1%	-366.9%	403.0%	-286.0%
IDR	39.4%	36.0%	3.4%	489.6%
GIB-A	15.1%	14.2%	1.0%	147.5%
CAP	11.0%	9.7%	1.3%	154.1%
AMS	32.8%	26.5%	6.5%	160.8%
Industry median	10.8%	8.2%	2.3%	131.6%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
EPAM	10.7%	9.8%	0.9%	153.7%
SAIC	8.7%	8.3%	0.5%	157.0%
G	14.5%	12.8%	1.7%	131.5%
EXLS	16.2%	13.8%	2.4%	138.8%
PSN	7.7%	6.6%	1.1%	213.5%
CIFR	-37.4%	-502.7%	465.3%	24.9%
Industry median	10.8%	8.2%	2.3%	131.6%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.