EPAM Systems, Inc. (NYSE:EPAM) Financial Performance Review

Core Insights - EPAM Systems, Inc. is a prominent global provider of digital platform engineering and software development services, focusing on innovation and strategic partnerships to maintain a competitive edge in the technology services sector [1] Financial Performance - For Q4 2025, EPAM reported an EPS of $1.98, which was below the expected $3.16, while revenue reached approximately $1.41 billion, exceeding the forecast of $1.39 billion, marking a 12.8% increase from the previous year [2][6] - The GAAP income from operations for Q4 2025 was 10.6% of revenues, with Non-GAAP income from operations at 16.3% [3][6] - For the full year 2025, EPAM's revenues totaled $5.457 billion, reflecting a 15.4% year-over-year growth, with GAAP income from operations at 9.5% of revenues and Non-GAAP income at 15.2% [4][6] Operational Metrics - The GAAP diluted EPS for 2025 decreased by 14.3% to $6.72, while Non-GAAP diluted EPS increased by 5.9% to $11.50, indicating operational efficiency despite the EPS shortfall [4] - The company's financial metrics include a P/E ratio of approximately 24.39, a price-to-sales ratio of about 1.70, and an enterprise value to sales ratio of approximately 1.49 [5] Financial Stability - EPAM's low debt-to-equity ratio of about 0.039 and a current ratio of approximately 2.59 highlight a strong financial position, indicating resilience and potential for sustained growth [5]