EPAM
EPAM Systems, Inc.
NYSEUSDEQUITY
Technology
DELAYED
Sell
-21/100
Last price
109.31
▼ 0.64 (0.58%)
MARKET · —
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1D
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Open
—
Prev close
109.95
Day high
109.98
Day low
107.58
Volume
790.68K
Market cap
$5.64B
P/E (TTM)
14.83
52W range
73.06 – 222.53
Trailing performance
Returnvs SPY
1W
+2.03%
+0.1%
1M
-6.60%
-7.8%
3M
+27.12%
+22.6%
6M
-18.56%
-36.7%
YTD
-46.65%
-60.9%
1Y
-29.07%
-45.5%
3Y
-57.25%
-139.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on EPAM open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.69M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 21, 26 | SHAN HELEN L Director |
STOCK | 2.13K | $0 | Direct |
| May 21, 26 | ROMAN EUGENE Director |
STOCK | 2.13K | $0 | Direct |
| May 21, 26 | AGUIRRE DEANNE Director |
STOCK | 2.13K | $0 | Direct |
| May 21, 26 | MCMAHON CHANDRA Director |
STOCK | 2.13K | $0 | Direct |
| May 21, 26 | VARGO RONALD P Director |
STOCK | 2.13K | $0 | Direct |
| May 21, 26 | SMART JILL B Director |
STOCK | 2.13K | $0 | Direct |
| May 21, 26 | ROBB KARL Director |
STOCK | 2.13K | $0 | Direct |
| May 21, 26 | SEGERT ROBERT E Director |
STOCK | 2.13K | $0 | Direct |
| May 21, 26 | MAYORAS RICHARD MICHAEL Director |
STOCK | 2.13K | $0 | Direct |
| Mar 31, 26 | DVORKIN VIKTAR Officer |
STOCK | 21.70K | $0 | Direct |
| Mar 25, 26 | DOBKIN ARKADIY Officer and Director |
CONVERSION | 41.03K | $2.89M | Direct |
| Mar 13, 26 | DVORKIN VIKTAR Officer |
STOCK | 11.37K | $0 | Direct |
| Mar 13, 26 | ROCKWELL EDWARD FENWICK General Counsel |
STOCK | 5.95K | $0 | Direct |
| Mar 13, 26 | DOBKIN ARKADIY Officer and Director |
STOCK | 15.74K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
DOBKIN ARKADIY |
Officer and Director | 1.33M | Conversion of Exercise of derivative security |
DVORKIN VIKTAR |
Officer | 44.16K | Stock Award(Grant) |
FEJES BALAZS |
Chief Executive Officer | 48.61K | Stock Award(Grant) |
PETERSON JASON D |
Chief Financial Officer | 44.31K | Stock Award(Grant) |
ROCKWELL EDWARD FENWICK |
General Counsel | 15.04K | Stock Award(Grant) |
SEGERT ROBERT E |
Director | 20.48K | Stock Award(Grant) |
SHEKHTER ELAINA |
Officer | 21.14K | Stock Award(Grant) |
SHNAYDER BORIS |
Officer | 15.64K | Sale |
SOLOMON LAWRENCE F |
Officer | 30.23K | Stock Award(Grant) |
VARGO RONALD P |
Director | 13.06K | Stock Award(Grant) |
Fundamentals
Market cap$5.64B
Enterprise value$5.00B
Revenue (TTM)$5.62B
Gross profit$1.65B
EBITDA$753.35M
Net income$401.67M
EPS (TTM)$7.37
Free cash flow$650.16M
Total cash$789.40M
Total debt$152.24M
Book value / share$68.21
Shares outstanding51.59M
Float49.63M
Short % of float17.52%
Dividend yield0.00%
Beta (5Y)1.39
Valuation & profitability ratios
Trailing P/E14.83
Forward P/E7.77
PEG ratio0.59
Price / sales—
Price / book1.60
EV / revenue0.89
EV / EBITDA6.64
Gross margin29.45%
Operating margin10.94%
Profit margin7.15%
Return on equity11.18%
Return on assets8.45%
Debt / equity4.33
Current ratio2.76
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $5.46B | $4.73B | $4.69B | $4.82B | +15.4% |
| Operating revenue | $5.46B | $4.73B | $4.69B | $4.82B | +15.4% |
| Cost of revenue | $3.88B | $3.28B | $3.26B | $3.29B | +18.5% |
| Gross profit | $1.57B | $1.45B | $1.43B | $1.54B | +8.5% |
| Selling, general & admin | $928.71M | $816.30M | $815.07M | $872.78M | +13.8% |
| Total operating expense | $1.05B | $905.86M | $906.87M | $965.05M | +16.3% |
| Operating income | $520.00M | $544.58M | $527.16M | $572.97M | -4.5% |
| Net interest income | $11.55M | $46.88M | $51.12M | $10.03M | -75.4% |
| Pre-tax income | $505.62M | $584.41M | $536.59M | $507.26M | -13.5% |
| Tax provision | $127.95M | $129.88M | $119.50M | $87.84M | -1.5% |
| Net income | $377.68M | $454.53M | $417.08M | $419.42M | -16.9% |
| Net income to common | $377.68M | $454.53M | $417.08M | $419.42M | -16.9% |
| Basic EPS | 6.76 | 7.93 | 7.21 | 7.32 | -14.8% |
| Diluted EPS | 6.72 | 7.84 | 7.06 | 7.09 | -14.3% |
| EBIT | $520.00M | $544.58M | $527.16M | $572.97M | -4.5% |
| EBITDA | $686.08M | $671.69M | $659.86M | $713.01M | +2.1% |
| Basic shares | 55.89M | 57.29M | 57.83M | 57.29M | -2.4% |
| Diluted shares | 56.23M | 57.98M | 59.09M | 59.17M | -3.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.30B | $1.29B | $2.04B | $1.68B | — | +0.8% |
| Cash & short-term investments | $1.30B | $1.29B | $2.10B | $1.74B | — | +0.8% |
| Accounts receivable | $1.11B | $1.00B | $897.03M | $932.63M | — | +10.6% |
| Total current assets | $2.53B | $2.43B | $3.09B | $2.76B | — | +4.4% |
| Property, plant & equipment | $317.26M | $335.91M | $369.95M | $422.13M | — | -5.6% |
| Goodwill & intangibles | $1.62B | $1.62B | $633.58M | $606.72M | — | -0.1% |
| Total assets | $4.90B | $4.75B | $4.35B | $4.01B | — | +3.2% |
| Total current liabilities | $976.94M | $821.04M | $644.93M | $747.48M | — | +19.0% |
| Current debt | — | — | — | $2.86M | $16.02M | — |
| Long-term debt | $25.03M | $25.19M | $26.13M | $27.69M | — | -0.6% |
| Total debt | $143.70M | $163.25M | $171.94M | $190.36M | — | -12.0% |
| Total liabilities | $1.22B | $1.12B | $880.89M | $1.01B | — | +9.4% |
| Retained earnings | $2.27B | $2.56B | $2.50B | $2.25B | — | -11.3% |
| Shareholder equity | $3.68B | $3.63B | $3.47B | $3.00B | — | +1.3% |
| Working capital | $1.56B | $1.61B | $2.45B | $2.01B | — | -3.0% |
| Net tangible assets | $2.06B | $2.01B | $2.84B | $2.39B | — | +2.4% |
| Shares issued | 54.27M | 56.87M | 57.79M | 57.67M | — | -4.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $377.68M | $454.53M | $417.08M | $419.42M | -16.9% |
| Depreciation & amortisation | $166.08M | $127.10M | $132.70M | $140.05M | +30.7% |
| Stock-based compensation | $176.76M | $167.30M | $147.73M | $99.91M | +5.7% |
| Change in working capital | -$19.14M | -$127.31M | -$125.17M | -$229.83M | +85.0% |
| Operating cash flow | $654.93M | $559.17M | $562.63M | $464.10M | +17.1% |
| Capital expenditure | -$42.24M | -$32.15M | -$28.41M | -$81.63M | -31.4% |
| Investing cash flow | -$49.05M | -$884.98M | -$66.77M | -$182.93M | +94.5% |
| Share buybacks | -$662.16M | -$398.03M | -$164.92M | $0 | -66.4% |
| Financing cash flow | -$651.20M | -$390.41M | -$165.77M | -$2.02M | -66.8% |
| Free cash flow | $612.69M | $527.02M | $534.22M | $382.48M | +16.3% |
| End cash position | $1.30B | $1.29B | $2.04B | $1.68B | +0.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.41B | $1.40B | $1.41B | $1.39B | $1.35B | +1.1% |
| Operating revenue | $1.41B | $1.40B | $1.41B | $1.39B | $1.35B | +1.1% |
| Cost of revenue | $985.20M | $1.01B | $984.35M | $983.17M | $964.01M | -2.7% |
| Gross profit | $429.57M | $388.01M | $423.20M | $411.20M | $389.43M | +10.7% |
| Selling, general & admin | $245.25M | $239.70M | $243.16M | $234.95M | $231.68M | +2.3% |
| Total operating expense | $277.35M | $271.24M | $273.95M | $266.26M | $262.95M | +2.3% |
| Operating income | $152.22M | $116.77M | $149.25M | $144.94M | $126.48M | +30.4% |
| Net interest income | -$1.82M | $1.58M | -$89.00K | $2.30M | $3.52M | -215.1% |
| Pre-tax income | $140.55M | $120.65M | $143.82M | $143.62M | $123.77M | +16.5% |
| Tax provision | $37.57M | $38.13M | $34.47M | $36.80M | $35.74M | -1.5% |
| Net income | $102.98M | $82.52M | $109.35M | $106.82M | $88.03M | +24.8% |
| Net income to common | $102.98M | $82.52M | $109.35M | $106.82M | $88.03M | +24.8% |
| Basic EPS | 1.97 | 1.53 | 1.99 | 1.92 | 1.56 | +28.8% |
| Diluted EPS | 1.97 | 1.52 | 1.98 | 1.91 | 1.56 | +29.6% |
| EBIT | $142.37M | $116.77M | $149.25M | $144.94M | $126.48M | +21.9% |
| EBITDA | $184.75M | $158.74M | $190.37M | $186.61M | $168.40M | +16.4% |
| Basic shares | 52.20M | 53.79M | 54.94M | 55.56M | 56.32M | -3.0% |
| Diluted shares | 52.27M | 54.18M | 55.34M | 55.82M | 56.54M | -3.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $789.40M | $1.04B | $1.30B | $1.24B | $1.04B | -23.9% |
| Cash & short-term investments | $789.40M | $1.04B | $1.30B | $1.24B | $1.04B | -23.9% |
| Accounts receivable | $1.27B | $1.17B | $1.11B | $1.13B | $1.16B | +7.9% |
| Total current assets | $2.22B | $2.36B | $2.53B | $2.52B | $2.37B | -6.0% |
| Property, plant & equipment | $329.97M | $321.26M | $317.26M | $322.26M | $330.95M | +2.7% |
| Goodwill & intangibles | $1.58B | $1.59B | $1.62B | $1.63B | $1.65B | -0.9% |
| Total assets | $4.57B | $4.70B | $4.90B | $4.84B | $4.71B | -2.8% |
| Total current liabilities | $804.44M | $884.33M | $976.94M | $835.26M | $747.43M | -9.0% |
| Long-term debt | $25.00M | $165.00M | $25.03M | $25.04M | $25.04M | -84.8% |
| Total debt | $152.24M | $287.94M | $143.70M | $155.22M | $162.69M | -47.1% |
| Total liabilities | $1.05B | $1.27B | $1.22B | $1.12B | $1.04B | -17.1% |
| Retained earnings | $2.04B | $2.08B | $2.27B | $2.38B | $2.36B | -2.3% |
| Shareholder equity | $3.52B | $3.43B | $3.68B | $3.73B | $3.67B | +2.6% |
| Working capital | $1.41B | $1.47B | $1.56B | $1.69B | $1.62B | -4.2% |
| Net tangible assets | $1.94B | $1.84B | $2.06B | $2.10B | $2.02B | +5.5% |
| Shares issued | 51.59M | 52.76M | 54.27M | 55.21M | 55.70M | -2.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $102.98M | $82.52M | $109.35M | $106.82M | $88.03M | +24.8% |
| Depreciation & amortisation | $42.38M | $41.97M | $41.12M | $41.67M | $41.93M | +1.0% |
| Stock-based compensation | $46.40M | $49.92M | $45.15M | $44.60M | $38.56M | -7.0% |
| Change in working capital | -$182.70M | -$229.65M | $145.26M | $89.73M | -$109.09M | +20.4% |
| Operating cash flow | -$2.42M | -$36.36M | $282.89M | $294.68M | $53.20M | +93.3% |
| Capital expenditure | -$15.21M | -$17.86M | -$14.78M | -$8.30M | -$9.83M | +14.8% |
| Investing cash flow | -$16.51M | -$15.65M | -$16.25M | -$9.28M | -$18.21M | -5.5% |
| Share buybacks | -$84.97M | -$323.98M | -$223.53M | -$82.10M | -$196.53M | +73.8% |
| Financing cash flow | -$233.15M | -$192.20M | -$211.98M | -$85.65M | -$204.06M | -21.3% |
| Free cash flow | -$17.64M | -$54.22M | $268.11M | $286.38M | $43.37M | +67.5% |
| End cash position | $794.29M | $1.04B | $1.30B | $1.24B | $1.05B | -23.8% |
Options analytics
Put / call volume
0.48
Call-heavy session
Put / call open interest
0.08
Positioning, not flow
Max pain
155.00
+41.8% from spot
ATM implied vol
1.6%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
153
Contracts, this expiry
Put volume
73
Contracts, this expiry
Heaviest call OI
165.00
80 contracts
Heaviest put OI
155.00
6 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 3.14 | 3.38 | +7.6% |
| Mar 2026 | 2.75 | 2.86 | +3.8% |
| Dec 2025 | 3.16 | 3.26 | +3.2% |
| Sep 2025 | 3.03 | 3.08 | +1.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 3.40 | 17 | $1.42B | +1.8% |
| Next quarter | 3.51 | 17 | $1.42B | +1.1% |
| Current year | 13.15 | 19 | $5.66B | +3.7% |
| Next year | 14.06 | 19 | $5.86B | +3.6% |
Analyst targets & ownership
Mean target$122.82
High target$200.00
Low target$94.00
Implied upside12.36%
Analyst count17
ConsensusBUY
Strong buy / Buy2 / 7
Hold10
Sell / Strong sell0 / 0
Held by insiders3.28%
Held by institutions119.36%
Institutions holding651
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
109.02
+0.26% from price
SMA 20
112.87
-3.15% from price
SMA 50
109.61
-0.27% from price
SMA 100
100.33
+8.96% from price
SMA 200
129.58
-15.64% from price
EMA 12
110.47
-1.05% from price
EMA 26
110.85
-1.39% from price
EMA 50
108.74
+0.53% from price
RSI (14)
47.5
Neutral
MACD (12,26,9)
-0.39
Hist -0.76
ATR (14)
4.91
4.49% of price
Realised vol 30D
39.2%
Annualised
Bollinger upper
122.76
20, 2σ
Bollinger lower
102.98
20, 2σ
50 / 200 cross
Death
109.61 vs 129.58
Trend bias
Below 200
-15.64%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.55
Less volatile than market
Correlation to SPY
0.14
Largely independent
Realised vol 30D
39.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-65.7%
Peak to trough
Max drawdown 5Y
-89.4%
Peak to trough
ATR 14
4.91
4.49% of price
Beta (reported)
1.39
5Y monthly, from filing
Short interest
Shares short
6.40M
Prior 7.23M
Change vs prior
-11.4%
Shorts covering
% of float
17.52%
Elevated
% of shares out
12.42%
Against total outstanding
Days to cover
5.3
Crowded exit
Float
49.63M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 26, 26 | JP Morgan | DOWNGRADE | Overweight | Neutral |
| Aug 10, 26 | Guggenheim | MAINTAINED | Buy | Buy |
| Aug 7, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Aug 7, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Aug 7, 26 | Truist Securities | MAINTAINED | Hold | Hold |
| Aug 7, 26 | Susquehanna | MAINTAINED | Positive | Positive |
| Aug 6, 26 | Needham | MAINTAINED | Buy | Buy |
| Aug 6, 26 | William Blair | DOWNGRADE | Outperform | Market Perform |
| Aug 4, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 27, 26 | Citigroup | MAINTAINED | Neutral | Neutral |
| Jul 10, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Jul 9, 26 | TD Cowen | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Offering Registrations
S-8 · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-05-26
Corporate Changes & Voting Matters
8-K · 2026-05-07
Proxy Statements
DEFA14A · 2026-05-04
Proxy Statements
DEFA14A · 2026-04-15
Proxy Statements
DEFA14A · 2026-04-06
Corporate Changes & Voting Matters
8-K · 2026-04-01
Proxy Statements
PRE 14A · 2026-03-26
Headlines
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EPAM Systems Launches AI Service for Enterprise Model Development
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EPAM Unveils New Frontier AI Service, Bridging the Enterprise Intelligence Gap for GenAI and Autonomous Agents
PR Newswire · 2d ago
EPAM Announces Date for Third Quarter Earnings Release and Conference Call
PR Newswire · 5d ago
EPAM, DXC, Everforth, EXL, and Grid Dynamics Stocks Trade Up, What You Need To Know
StockStory · 5d ago
Cognizant and EPAM Soar 7% on Accenture’s Good News: What You Need to Know
TIKR · 6d ago
EPAM Systems Provides Cloud Infrastructure for European Market-Data Platform EuroCTP
MT Newswires · 13d ago
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