EPAM Systems (EPAM) Q3 2025 10-Q Quarterly Report

Filed: Nov 6, 2025Period ending Sep 30, 2025
Information Technology
Services-Computer Programming ServicesSEC EDGAR

EPAM Systems (EPAM) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

EPAM Systems Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $1.394B Q3 2025, up 19.4% YoY from $1.168B driven by acquisitions and FX; 9 months revenue $4.05B, up 16.4% YoY from $3.48B
  • Operating margin 10.4% Q3 2025 vs 15.2% Q3 2024; 9 months margin 9.2% vs 11.7% YoY, decline due to lower Poland R&D incentives, higher cost of revenues
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Risk Factors

  • No new or updated risk factors disclosed since 2024 10-K
  • Significant operations risk in Belarus and Ukraine from Russia's invasion carries material adverse effect potential
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EPAM Systems Q3 2025 Quarterly Financials
XBRL

Revenue

$1.4B

+19.4% YoY +3.0% QoQ

Net Income

$107M

-21.7% YoY +21.3% QoQ

Operating Margin

10.4%

-476bp YoY +105bp QoQ

Net Margin

7.7%

-402bp YoY +116bp QoQ

ROE

2.9%

Total Assets

$4.8B

EPS (Diluted)

$1.91

-19.4% YoY +22.4% QoQ

Operating Cash Flow

$295M

+21.8% YoY +453.9% QoQ

Source: XBRL data from EPAM Systems Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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