EPAM Systems, Inc. · Software services

EPAM

Low riskNext report: Around Nov 5 (est.)

View price ↗

The short version

A profitable company with steady sales.

Going well

Profitable every year for 10 years
Sales up 15% last year
Brings in more cash than it spends

Money moves

No insider buying or selling in the last 30 days
Institutions added 0.7% to their holdings in the quarter ending June 2026 (227 bought, 319 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$137.49+0.9% that day

Company value: $7.1B; Share price times all shares
Price vs profit (P/E): 18.7x; You pay about $19 for each $1 of yearly profit
Price vs sales: 1.3x; Company value is 1.3 times a year of sales
Cash vs value: 11%; Cash as a share of company value
Debt vs value: 0%; Debt as a share of company value

From EPAM's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$1.4B+4.5% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $5.6B, up 11% from the 12 months before. Over 5 years, sales grew about 16% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of EPAM. Starting points are the company's recent numbers.

Sales growth+11% a yearRecently: +11% a yearProfit margin7%Last 12 months: 7.2%P/E at the end19xToday: 18.7x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$9.5B

Profit in 5 years$663M

Price these guesses point to$269.95+96% vs $137.49 todayAbout +14% a year, before dividends

What today's price needs: with a 7% margin and a 19x P/E, sales could shrink about 3.0% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/6Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.10.3%
PassDebt under half of equityNot relying on borrowed money.0.01x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.6.9%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$612.7M
PassShare count not growingNot diluting owners. Falling means buybacks.-5.0% in 3 years

Revenue: $5.5B; +15.4% vs prior year
5-year growth: +15.5%/yr; revenue, per year
Total debt: $25.0M; 0.01x equity
Current ratio: 2.59x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $1.4B; +4.5% YoY
EPS: $1.97; vs $1.56
Op. margin: 10.8%; +1.5 pts
Gross margin: 30.4%; +1.6 pts
Free cash flow: -$17.6M
Share count: -7.6%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.6
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+0.7%

Institutions added 0.7% to their holdings. 227 bought, 319 sold. 5 quarters of net buying in a row.

Shares held by institutions57.2M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-3.8%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.0x · $25.0M debt

Shares outstandingLatest reported

52M

Earnings reports

Last 12

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 7
Results filedFeb 19
Results filedNov 6, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Aug 13 · View filing ↗Big holder 5%+ holder update (passive)Aug 12 · View filing ↗Big holder 5%+ holder update (passive)Jul 31 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Shares withheld for taxesBalazs FejesCEO, President, Director, Director

412 shares at $117.83 · $49K

-1% of holdings
Now owns 48,280 shares
Filed 2 days after trade

Sep 1Form 4 ↗

5%+ holder update (passive)Aug 13 · Form SCHEDULE 13G/A ↗5%+ holder update (passive)Aug 12 · Form SCHEDULE 13G/A ↗Earnings resultsAug 6 · Form 8-K ↗Quarterly reportAug 6 · Form 10-Q ↗Employee stock plan registrationAug 6 · Form S-8 ↗Employee stock plan registrationAug 6 · Form S-8 ↗5%+ holder update (passive)Jul 31 · Form SCHEDULE 13G/A ↗5%+ holder update (passive)Jul 8 · Form SCHEDULE 13G/A ↗5%+ holder update (passive)Jul 8 · Form SCHEDULE 13G/A ↗Leadership changeMay 26 · Form 8-K ↗

Stock awardDeanne AguirreDirector

2,132 shares

+59% of holdings
Now owns 5,769 shares
Filed 1 day after trade

May 21Form 4 ↗

Stock awardRobert E. SegertDirector

2,132 shares

+30% of holdings
Now owns 9,126 shares
Filed 1 day after trade

May 21Form 4 ↗

Stock awardKarl RobbDirector

2,132 shares

+28% of holdings
Now owns 9,871 shares
Filed 1 day after trade

May 21Form 4 ↗

Stock awardJill SmartDirector

2,132 shares

+23% of holdings
Now owns 11,456 shares
Filed 1 day after trade

May 21Form 4 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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