EPAM Systems, Inc.
EPAM
Jodie read · what matters now
Revenue increased 7.6% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to EPAM, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-05-07 against the comparable filing from 2025-05-08.
What improved
- Revenue increased 7.6% versus the comparable filing period.
- Operating margin improved 0.7 percentage points.
What weakened
- Operating cash flow covered only -0.44x net income.
Filing receipts
“The increase was mainly driven by increased personnel-related costs, which included impacts from salary increases and promotions implemented during the prior year annual compensation cycle, increases in stock-based compensation expense, and severance, which reflects the impact from cost optimization programs, and foreign exchange fluctuations.”
“During the three months ended March 31, 2026, revenues in Software & Hi-Tech grew 43.2% primarily due to increased demand at a large hardware client and several technology services clients.”
“During the three months ended March 31, 2026, revenues in Consumer Goods, Retail & Travel grew 7.7% primarily due to improved demand from clients in the retail and consumer goods industries.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind EPAM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 11 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
EPAM is currently a Participant in the organic co-movement group Financial Technology Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Theme membership history
No durable theme membership has been observed for this name yet.