Short answer
EPAM Systems (EPAM) filed its Q1 2025 10-Q quarterly report on May 8, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $1.3B (up 11.7% year over year) with net income of $73M.
Q1 2025 key financials · XBRL
- Revenue
- $1.3B
- +11.7% YoY
- Net income
- $73M
- −36.8% YoY
- Operating margin
- 7.6%
- EPS (diluted)
- $1.28
- −35.0% YoY
Source: XBRL data from the EPAM Systems (EPAM) Q1 2025 10-Q on SEC EDGAR. USD.
EPAM Systems Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- No new risk factors added in Q1 2025; critical accounting policies unchanged from 2024 10-K
- Most materially updated risk: cost of revenues up 14.1% due to 2024 acquisitions and salary increases, impacting margins (73.1% vs 71.6%)
- Regulatory/legal risk: $12.1M government incentives in Poland for R&D activities, reliance on uncertain incentive programs
- Operational risk: foreign currency fluctuations reduced revenue growth by 1.7%, causing a $10.7M foreign exchange loss in Q1 2025
- Financial risk: interest and other income declined by $9.2M YoY to $5.8M due to lower interest income from cash and investments
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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