EPAM Systems (EPAM) FY2024 10-K Annual Report
EPAM Systems (EPAM) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 28, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
EPAM Systems FY2024 10-K Analysis
Business Overview
- • Core business: global digital engineering and AI-enabled transformation services with strategy and experience consulting integration
- • New emphasis on AI/GenAI platforms like EPAM AI/RUN™ and innovation initiatives such as DIALX Lab for advanced AI-driven solutions
Management Discussion & Analysis
- • No revenue or profitability data disclosed in this MD&A section
- • Sufficient cash, cash equivalents, and short-term investments expected to cover operating and capital expenditures for at least 12 months
Risk Factors
- • Regulatory risk: Uncertainty in revenue recognition due to judgment in estimating variable consideration under U.S. GAAP revenue recognition rules
- • Geopolitical risk: Revenue impact from exit and sale of Russian holdings, reducing CEE region revenues from $22.9M in 2023 to immaterial in 2024
EPAM Systems FY2024 Key Financial MetricsXBRL
Revenue
$4.7B
▲ +0.8% YoY
Net Income
$455M
▲ +9.0% YoY
Operating Margin
11.5%
▲ +83bp YoY
Net Margin
9.6%
▲ +72bp YoY
ROE
12.5%
▲ +51bp YoY
Total Assets
$4.8B
▲ +9.1% YoY
EPS (Diluted)
$7.84
▲ +11.0% YoY
Operating Cash Flow
$559M
▼ -0.6% YoY
Source: XBRL data from EPAM Systems FY2024 10-K filing on SEC EDGAR. All figures in USD.
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