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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 789,397 $ 1,296,077
Trade receivables and contract assets, net of allowance of $3,939 and $6,350, respectively 1,268,036 1,108,201
Prepaid and other current assets 158,556 129,610
Total current assets 2,215,989 2,533,888
Property and equipment, net 204,967 202,387
Operating lease right-of-use assets, net 124,999 114,875
Intangible assets, net 372,969 406,586
Goodwill 1,203,048 1,210,564
Deferred tax assets 295,947 295,115
Other noncurrent assets 156,167 138,721
Total assets 4,574,086 4,902,136
Current liabilities    
Accounts payable 41,551 55,329
Accrued compensation and benefits expenses 495,961 608,232
Accrued expenses and other current liabilities 208,531 250,688
Income taxes payable, current 19,093 25,520
Operating lease liabilities, current 39,301 37,173
Total current liabilities 804,437 976,942
Long-term debt 25,000 25,034
Operating lease liabilities, noncurrent 87,942 81,497
Deferred tax liabilities, noncurrent 74,505 76,969
Other noncurrent liabilities 62,901 63,886
Total liabilities 1,054,785 1,224,328
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, $0.001 par value; 160,000 shares authorized; 51,585 shares issued and outstanding at June 30, 2026, and 54,274 shares issued and outstanding at December 31, 2025 52 54
Additional paid-in capital 1,487,973 1,390,423
Retained earnings 2,035,664 2,268,204
Accumulated other comprehensive income (loss) (4,970) 18,545
Total EPAM Systems, Inc. stockholders’ equity 3,518,719 3,677,226
Noncontrolling interest in consolidated subsidiaries 582 582
Total equity 3,519,301 3,677,808
Total liabilities and equity $ 4,574,086 $ 4,902,136