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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 1,173,639 $ 1,286,267
Trade receivables and contract assets, net of allowance of $4,928 and $5,612, respectively 1,090,080 1,002,175
Prepaid and other current assets 151,972 137,806
Total current assets 2,415,691 2,426,248
Property and equipment, net 203,244 207,667
Operating lease right-of-use assets, net 124,430 128,244
Intangible assets, net 426,693 436,418
Goodwill 1,187,027 1,181,575
Deferred tax assets 255,084 269,799
Other noncurrent assets 111,443 100,522
Total assets 4,723,612 4,750,473
Current liabilities    
Accounts payable 44,455 44,702
Accrued compensation and benefits expenses 495,562 484,952
Accrued expenses and other current liabilities 174,370 201,356
Income taxes payable, current 35,269 50,395
Operating lease liabilities, current 39,468 39,634
Total current liabilities 789,124 821,039
Long-term debt 25,059 25,194
Deferred tax liabilities, noncurrent 94,210 92,362
Operating lease liabilities, noncurrent 93,615 98,426
Other noncurrent liabilities 78,388 82,301
Total liabilities 1,080,396 1,119,322
Commitments and contingencies (Note 15)
Stockholders’ equity    
Common stock, $0.001 par value; 160,000 shares authorized; 56,626 shares issued and outstanding at March 31, 2025, and 56,869 shares issued and outstanding at December 31, 2024 57 57
Additional paid-in capital 1,235,475 1,190,222
Retained earnings 2,468,955 2,555,796
Accumulated other comprehensive loss (61,853) (116,864)
Total EPAM Systems, Inc. stockholders’ equity 3,642,634 3,629,211
Noncontrolling interest in consolidated subsidiaries 582 1,940
Total equity 3,643,216 3,631,151
Total liabilities and equity $ 4,723,612 $ 4,750,473