EPAM Systems

EPAM helps big companies build custom software. It uses artificial intelligence to solve digital problems. These services help clients launch products faster.

The Digital Toolkit

• Software Engineering: Designing and building custom software for clients; billing is mostly based on hours worked and costs incurred.
• Americas Market: Serving clients in North, Central, and South America; accounts for 57.1% of revenue as of March 31, 2026.
• EMEA Market: Providing services to clients across Europe and the Middle East; accounts for 41.1% of revenue as of March 31, 2026.
• AI Transformation: Integrating advanced artificial intelligence into business strategies; uses platforms like DIALX Lab to drive innovation.

Recent Strategic Moves

• Signed an Accelerated Share Repurchase agreement with Morgan Stanley in March 2026.
• Replaced its previous credit facility with a new $700 million agreement in October 2025.
• Launched the 2025 Cost Optimization Program in mid-2025 to improve profitability through workforce reductions.
• Established a $100 million humanitarian commitment for employees in Ukraine in March 2022.

The Global Delivery Network

EPAM uses a global delivery model to provide services from centers across the world. The company leverages agile methodologies, which are flexible ways of working, to complete complex technical projects.

By the Numbers

• Revenue reached $1.4 billion in Q1 2026, up 7.6% from Q1 2025.
• Net income reached $82.5 million in Q1 2026, up 12.3% from the prior year.
• Operating cash flow was -$36.4 million in Q1 2026, which worsened from $24.2 million in Q1 2025.
• Free cash flow hit -$54.2 million in Q1 2026, which worsened from $14.8 million in Q1 2025.

The Final Word

EPAM has evolved from a pure software developer to a comprehensive digital transformation partner. Its expansion into AI and consulting allows it to handle large-scale business challenges globally.