Short answer
EPAM Systems (EPAM) filed its Q2 2025 10-Q quarterly report on Aug 7, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $1.4B (up 18.0% year over year) with net income of $88M.
Q2 2025 key financials · XBRL
- Revenue
- $1.4B
- +18.0% YoY · +4.0% QoQ
- Net income
- $88M
- −10.8% YoY · +19.8% QoQ
- Operating margin
- 9.3%
- EPS (diluted)
- $1.56
- −8.2% YoY · +21.9% QoQ
Source: XBRL data from the EPAM Systems (EPAM) Q2 2025 10-Q on SEC EDGAR. USD.
EPAM Systems Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Increased cost of revenues to 72.2% from 71.2% due to 2024 acquisitions and higher variable compensation, partially offset by $25M Poland R&D incentives
- Updated financial risk: Interest and other income decreased to $9.3M YTD from $27.1M due to $23.5M drop in interest income on cash, partially offset by $4.5M contingent consideration gain
- Regulatory risk: Recognition of government R&D incentives totaling $25M in 1H 2025 related to Poland operations
- Operational risk: Higher levels of variable compensation and severance costs increased SG&A expenses by 14.8% YTD driven by 2024 acquisitions
- Market/competitive risk: Revenue increased 14.8% YTD with 7.2% growth in U.S. region due to large accounts and acquisitions boosting demand
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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