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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 1,296,077 $ 1,286,267
Trade receivables and contract assets, net of allowance of $6,350 and $5,612, respectively 1,108,201 1,002,175
Prepaid and other current assets 129,610 137,806
Total current assets 2,533,888 2,426,248
Property and equipment, net 202,387 207,667
Operating lease right-of-use assets, net 114,875 128,244
Intangible assets, net 406,586 436,418
Goodwill 1,210,564 1,181,575
Deferred tax assets 295,115 269,799
Other noncurrent assets 138,721 100,522
Total assets 4,902,136 4,750,473
Current liabilities    
Accounts payable 55,329 44,702
Accrued compensation and benefits expenses 608,232 484,952
Accrued expenses and other current liabilities 250,688 201,356
Income taxes payable, current 25,520 50,395
Operating lease liabilities, current 37,173 39,634
Total current liabilities 976,942 821,039
Long-term debt 25,034 25,194
Operating lease liabilities, noncurrent 81,497 98,426
Deferred tax liabilities, noncurrent 76,969 92,362
Other noncurrent liabilities 63,886 82,301
Total liabilities 1,224,328 1,119,322
Commitments and contingencies (Note 18)
Stockholders’ equity    
Common stock, $0.001 par value; 160,000 authorized; 54,274 shares issued and outstanding at December 31, 2025, and 56,869 shares issued and outstanding at December 31, 2024 54 57
Additional paid-in capital 1,390,423 1,190,222
Retained earnings 2,268,204 2,555,796
Accumulated other comprehensive income (loss) 18,545 (116,864)
Total EPAM Systems, Inc. stockholders’ equity 3,677,226 3,629,211
Noncontrolling interest in consolidated subsidiaries 582 1,940
Total equity 3,677,808 3,631,151
Total liabilities and equity $ 4,902,136 $ 4,750,473