Welcome to our dedicated page for EPAM Systems SEC filings (Ticker: EPAM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
EPAM Systems, Inc. filings document the regulatory record of a global digital and AI transformation services company. Form 8-K reports cover quarterly and annual operating results, investor presentations furnished under Regulation FD, material agreements, capital-structure disclosures, and other material events tied to the company’s software engineering, platform, consulting, and AI-native services business.
The company’s proxy materials describe board elections, stockholder meeting matters, executive compensation, equity incentive plans, and governance practices. Other filings address restricted stock unit awards, risk factors, financial-condition disclosures, and the controls and exhibits associated with EPAM’s public reporting as an NYSE-listed issuer.
EPAM Systems, Inc. senior vice president Viktar Dvorkin reported compensation-related equity activity in EPAM Common Stock. On March 15, 2026, he received an award of 11,370 restricted stock units, which are scheduled to vest 25% on each of March 15, 2027, 2028, 2029 and 2030. On the same date, a total of 1,217 shares were withheld by EPAM at $137.14 per share to satisfy tax withholding obligations from the vesting of previously granted restricted stock units. Following these transactions, Dvorkin directly holds 11,094.091 shares of EPAM Common Stock.
EPAM Systems, Inc. senior vice president and Chief People Officer Lawrence F. Solomon reported routine equity compensation activity in EPAM Common Stock. He received a grant of 11,370 restricted stock units, with 25% scheduled to vest on each of March 15, 2027, 2028, 2029, and 2030.
On the same date, a total of 1,581 shares were disposed of at $137.14 per share through tax-withholding transactions, where shares were withheld by the company to satisfy tax obligations arising from RSU vesting, rather than sold in the open market. After these transactions, Solomon directly owns 18,864.091 shares of EPAM Common Stock.
EPAM Systems’ Chief Financial Officer Jason D. Peterson reported equity compensation and related tax withholding transactions in EPAM Common Stock. On March 15, 2026, he received a grant of 16,618 restricted stock units at a stated price of $0.00 per share. These RSUs are scheduled to vest in four equal 25% installments on March 15, 2027, 2028, 2029, and 2030.
On the same date, a total of 3,742 shares were disposed of in multiple transactions coded "F" at $137.14 per share. Footnotes explain these shares were withheld by the issuer to satisfy tax withholding requirements arising from RSU vesting, rather than open-market sales. After these transactions, Peterson directly owns 27,689.091 shares of EPAM Common Stock.
EPAM Systems Executive Chairman Arkadiy Dobkin reported compensation-related stock activity. On March 15, 2026, he received a grant of 15,743 shares of EPAM common stock at no cost as part of the company’s long-term incentive program.
On the same date, a total of 5,560 shares were disposed of at $137.14 per share, but only to satisfy tax withholding obligations from the vesting of previously granted restricted stock units, not as open-market sales. Following these transactions, Dobkin directly owns 1,322,821 EPAM shares. The new restricted stock units are scheduled to vest 25% each on March 15, 2027, 2028, 2029, and 2030.
EPAM Systems, Inc. director and CEO Balazs Fejes reported compensation-related stock activity. He received a grant of 26,238 shares of EPAM Common Stock at no purchase price as a stock award. To cover taxes from vesting of restricted stock units, 2,487 shares were withheld by the company at $137.14 per share, recorded as four separate tax-withholding dispositions. After these transactions, Fejes directly holds 48,614.091 EPAM shares. The new restricted stock units from this grant are scheduled to vest in four equal 25% installments on March 15 of 2027, 2028, 2029, and 2030.
EPAM Systems used its Investor Day to lay out an AI-focused growth strategy and updated financial targets. The company reported 2025 revenue of $5.457B, up 15.4%, with strong contributions from Financial Services at $1.316B and Americas revenue of $3.201B. Management positions EPAM as a leader in AI-native enterprise transformation, emphasizing its 62,000+ professionals, 56,600+ delivery staff and a diversified base across 55+ countries.
For 2026, EPAM guides to revenue of $5.703B–$5.866B, non-GAAP operating margin of 15–16% and non-GAAP diluted EPS of $12.60–$12.90, implying about 10.9% growth at the midpoint. The company targets non-GAAP operating margins of at least 16% and cumulative free cash flow above $1.8B from 2026–2028, supported by AI-native services, global delivery optimization and disciplined M&A and buybacks.
Capital World Investors filed Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership of 6,671,458 shares of EPAM Systems common stock, equal to 12.3% of 54,139,969 shares believed outstanding, with the filing showing the date 02/27/2026. The filing discloses sole voting power on 6,646,126 shares and sole dispositive power on 6,671,458 shares.
EPAM Systems entered a fixed-dollar accelerated share repurchase agreement with Morgan Stanley to buy back $300 million of its common stock under its existing $1.0 billion repurchase authorization.
EPAM will pay $300 million using cash on hand and its credit facility and expects an initial delivery of 1,703,336 shares, valued at about $240 million based on the March 4, 2026 closing price. The final share count will be set based on the volume‑weighted average price over the ASR term, less a discount, with final settlement no later than the second quarter of 2026.
Depending on the final pricing, Morgan Stanley may deliver additional shares to EPAM, or EPAM may return shares or pay cash. After this transaction, $452.5 million remains available under the current repurchase authorization.
EPAM Systems, Inc. files its annual report for the year ended December 31, 2025, describing a global digital engineering and consulting business with growing emphasis on cloud and AI-native transformation services. The company serves five main verticals, with its top five clients providing 13.7% of 2025 revenue and top ten 21.6%.
EPAM operates a large distributed delivery model, with approximately 56,600 delivery professionals out of 62,850 total employees as of December 31, 2025, and delivery utilization of about 76.8%. India is its largest delivery location with roughly 12,200 professionals, while Ukraine and Belarus remain significant centers despite the ongoing war in the region.
The report highlights strategic investment in AI platforms such as EPAM AI/RUN™ and data and cloud capabilities, alongside detailed risk factors. Key risks include geopolitical instability in Ukraine and Belarus, AI-driven changes that could reduce demand or pressure pricing, intense competition for skilled talent, regulatory and sanctions exposure, tax-incentive dependency in Belarus and Poland, and evolving ESG and data privacy obligations.
EPAM Systems reported solid growth for 2025 while shifting its business mix. Full-year revenue reached $5.457 billion, up 15.4%, with GAAP operating margin at 9.5% and non-GAAP operating margin at 15.2%. GAAP diluted EPS fell to $6.72 (down 14.3%), while non-GAAP diluted EPS rose to $11.50 (up 5.9%).
In the fourth quarter, revenue grew 12.8% to $1.408 billion, and GAAP diluted EPS increased to $1.98, with non-GAAP diluted EPS of $3.26. Cash from operations was $654.9 million for 2025, and the company repurchased 3.54 million shares for $660.6 million, ending the year with $1.301 billion in cash and restricted cash.
For 2026, EPAM guides to revenue growth of 4.5%–7.5%, GAAP operating margin of 10%–11%, and GAAP EPS of $7.95–$8.25, with non-GAAP EPS of $12.60–$12.90. Management highlights growing AI-native revenues and continued investment in AI, talent, and partnerships.