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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 1,041,344 $ 1,286,267
Trade receivables and contract assets, net of allowance of $4,833 and $5,612, respectively 1,158,956 1,002,175
Prepaid and other current assets 170,175 137,806
Total current assets 2,370,475 2,426,248
Property and equipment, net 201,619 207,667
Operating lease right-of-use assets, net 129,332 128,244
Intangible assets, net 435,891 436,418
Goodwill 1,209,463 1,181,575
Deferred tax assets 240,852 269,799
Other noncurrent assets 123,064 100,522
Total assets 4,710,696 4,750,473
Current liabilities    
Accounts payable 45,278 44,702
Accrued compensation and benefits expenses 458,612 484,952
Accrued expenses and other current liabilities 184,643 201,356
Income taxes payable, current 18,461 50,395
Operating lease liabilities, current 40,433 39,634
Total current liabilities 747,427 821,039
Long-term debt 25,038 25,194
Operating lease liabilities, noncurrent 97,220 98,426
Deferred tax liabilities, noncurrent 98,063 92,362
Other noncurrent liabilities 74,586 82,301
Total liabilities 1,042,334 1,119,322
Commitments and contingencies (Note 15)
Stockholders’ equity    
Common stock, $0.001 par value; 160,000 shares authorized; 55,696 shares issued and outstanding at June 30, 2025, and 56,869 shares issued and outstanding at December 31, 2024 56 57
Additional paid-in capital 1,286,067 1,190,222
Retained earnings 2,360,343 2,555,796
Accumulated other comprehensive income/(loss) 21,314 (116,864)
Total EPAM Systems, Inc. stockholders’ equity 3,667,780 3,629,211
Noncontrolling interest in consolidated subsidiaries 582 1,940
Total equity 3,668,362 3,631,151
Total liabilities and equity $ 4,710,696 $ 4,750,473