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EPAM Systems, Inc. balance sheet

At the end of fiscal 2025, EPAM Systems, Inc. had total assets of $4.90bn, total liabilities of $1.22bn and shareholders' equity of $3.68bn. It held $1.30bn in cash against $25.0m of debt: net cash of $1.27bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents54891181692211993625837719371,3221,4471,6812,0361,2861,296789
Receivables—5979951241752002660————————
Total current assets—1842513314155296479601,1991,4741,9132,2692,7603,0912,4262,5342,216
Goodwill1082322571161091201671952125315295621,1821,2111,203
Total assets—2363514335947799261,2501,6122,2442,7213,5234,0094,3524,7504,9024,574
Accounts payable—36353367810253132455542
Deferred revenue (current)—76533————————59104—
Total current liabilities—535955125128116181263387466763747645821977804
Short-term debt——————————0163————
Long-term debt————0352525252525302826252525
Total debt00000352525252525463126252525
Total liabilities—5565571301651442753496487381,0271,0068811,1191,2241,055
Shareholders' equity66952863764646137819751,2631,5961,9832,4873,0023,4713,6293,6773,519
Non-controlling interests and other (assets − liabilities − equity)—86———————————————
Net debt (negative = net cash)−54−89−118−169−221−164−337−558−746−911−1,297−1,400−1,651−2,010−1,261−1,271−764
Shares outstanding——44m47m48m50m51m53m54m55m56m57m58m58m57m54m52m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: EPAM vs GEPAM vs ITEPAM vs SAIC

More: IT Consulting & Other Services stocks compared, Technology sector, rankings of US companies

Figures from EPAM Systems, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to EPAM Systems, Inc.