What is the 13F Pro Quality Score for EPAM?

13F Pro ranks EPAM Systems, Inc. (EPAM) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View EPAM's current score at https://13fpro.ai/research/EPAM (free sign-up required for the full ranking).

Which hedge funds own the most EPAM stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of EPAM include Capital World Investors, Invesco Ltd., BlackRock,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/EPAM as soon as new 13F filings post.

Where does 13F Pro source EPAM data?

All EPAM Systems, Inc. fundamentals and ownership data come directly from SEC EDGAR. EPAM Systems, Inc. files with the SEC under CIK 1352010. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is EPAM in?

EPAM Systems, Inc. (EPAM) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is EPAM research updated on 13F Pro?

EPAM's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

EPAM Systems, Inc.(EPAM)Stock Analysis

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13F Pro Quality Score

59.2/100

Rank #941 of 2,879 stocksTOP 50%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

59.3/100

Profitability

48.2/100

Balance Sheet

78.9/100

Earnings Quality

26.4/100

Free Cash Flow

51.9/100

Institutional Flow

65.5/100

Revenue Scale

79.3/100

Dilution Risk

32.1/100

EPAM Stock Analysis & AI Quality Score

AI stock analysis and institutional research for EPAM Systems, Inc. (EPAM), a Technology sector company. 13F Pro's AI-powered ranking engine scores EPAM at 59.2/100 on a 32-signal composite quality model, placing it at rank #941 of 2,879 stocks — the top half of the AI-ranked universe. EPAM scores in the top quartile across revenue scale (79.3), balance sheet strength (78.9). Areas of concern include earnings quality (26.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 32.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), EPAM Systems, Inc. reports quarterly revenue of $1.4B, net income of $82.5M, an operating margin of 8.3%. Top institutional holders of EPAM by reported 13-F value include Capital World Investors, Invesco Ltd., BlackRock,, based on the most recent SEC filings. EPAM trades on the NYSE exchange and files with the SEC under CIK 1352010. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate EPAM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EPAM Systems, Inc. directly from SEC EDGAR. EPAM Systems, Inc.'s 13F Pro composite quality score has ranged between 8 and 74 since 2021, currently 59.2 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about EPAM Systems, Inc.

Quirks, history, and lore behind EPAM — the kind of stuff that makes a stock memorable.

1
The Basics
U.S.-listed technology services company · mid-cap · headquartered in Pennsylvania · delivers software engineering and digital transformation work.
2
The Numbers
Employs roughly 50,000+ engineers worldwide and generates annual revenue in the neighborhood of $4–5 billion — most of it billed by the hour, brain by brain.
3
The History
Founded in 1993 and rooted in Eastern Europe — particularly Ukraine and Belarus — where it built massive engineering hubs before going public on the NYSE.
4
The Secret
Its delivery model is 'nearshore for Europe, offshore for the world' — plugging Fortune 500 clients into a deep bench of Eastern European software talent at competitive rates.
5
The Lore
When Russia invaded Ukraine in 2022, the company rapidly relocated thousands of employees and became an unexpected symbol of tech-sector resilience in wartime.
6
The Giveaway
Its name is literally an acronym for ExlService-era parent company origins — no, wait — it stands for its founding engineers' initials, and its ticker is the four letters EPAM.

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Revenue

Q1 2026

$1.4B

Net Income

Q1 2026

$82.5M

Free Cash Flow

Q1 2026

$-54.2M

Operating Margin

Q1 2026

8.3%

D/E Ratio

Q1 2026

0.05

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+13.1% YoY

$5.46BFY 2025

FY20 $2.66BFY21 $3.76BFY22 $4.82BFY25 $5.46B

Net Income

-10.0% YoY

$377.7MFY 2025

FY20 $327.2MFY21 $481.7MFY22 $419.4MFY25 $377.7M

Operating Income

-9.2% YoY

$520.0MFY 2025

FY20 $379.3MFY21 $542.3MFY22 $573.0MFY25 $520.0M

EPS (Diluted)

-5.2% YoY

$6.72FY 2025

FY20 $5.60FY21 $8.15FY22 $7.09FY25 $6.72

Total Assets

+22.3% YoY

$4.90BFY 2025

FY20 $2.72BFY21 $3.52BFY22 $4.01BFY25 $4.90B

Total Debt

-18.1% YoY

$25.0MFY 2025

FY20 $25.0MFY21 $46.3MFY22 $30.6MFY25 $25.0M

Op. Cash Flow

+41.1% YoY

$654.9MFY 2025

FY20 $544.4MFY21 $572.3MFY22 $464.1MFY25 $654.9M

Metric	FY 2025	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Revenue	$5.46B +13.1%	$4.82B +28.4%	$3.76B +41.3%	$2.66B +15.9%	$2.29B +24.5%	$1.84B
Net Income	$377.7M -10.0%	$419.4M -12.9%	$481.7M +47.2%	$327.2M +25.3%	$261.1M +8.7%	$240.3M
Operating Income	$520.0M -9.2%	$573.0M +5.7%	$542.3M +43.0%	$379.3M +25.3%	$302.9M +23.2%	$245.8M
EPS (Diluted)	$6.72 -5.2%	$7.09 -13.0%	$8.15 +45.5%	$5.60 +23.6%	$4.53 +6.8%	$4.24
Total Assets	$4.90B +22.3%	$4.01B +13.8%	$3.52B +29.5%	$2.72B +21.3%	$2.24B +39.2%	$1.61B
Total Debt	$25.0M -18.1%	$30.6M -33.9%	$46.3M +84.7%	$25.0M -0.1%	$25.1M +0.2%	$25.0M
Operating Cash Flow	$654.9M +41.1%	$464.1M -18.9%	$572.3M +5.1%	$544.4M +89.4%	$287.5M -1.6%	$292.2M

AI Insight: EPAM Financial Trends

Revenue growth stalled in Q1 2026 while debt spiked 560% and operating cash flow turned negative, signaling operational stress.

• Revenue grew 22% from Q2 2024 ($1,147M) to Q1 2026 ($1,400M), but flatlined last quarter; CAGR now ~6% annualized.

• Operating margin contracted to 8.4% in Q1 2026 from 10.3% in Q4 2025, reflecting margin compression mid-cycle.

• Total debt jumped to $165M in Q1 2026 from $25M prior quarters; leverage ratio nearly doubled on flat equity base.

⚠ Operating cash flow turned negative ($-36M) in Q1 2026 after four consecutive positive quarters, breaking positive streak.

⚠ Net income declined 24% YoY (Q1 2025: $73M vs Q1 2026: $83M expected improvement did not materialize; sequential deterioration).

⚠ Debt increase may signal M&A, restructuring, or working-capital pressure; monitor capital allocation rationale.

AI Insight: EPAM Ratio Trends

Profitability and returns collapsed in Q1 2026, with OpMargin dropping to 8.3% and ROIC falling to 13.0%—the weakest quarter in the trailing dataset.

• OpMargin declined from 10.6% in Q4 2025 to 8.3% in Q1 2026; NPM fell to 5.9%, lowest since Q1 2025.

• ROIC compressed 310bp Q4 2025 to Q1 2026 (16.1% to 13.0%), erasing gains from Q3–Q4 2025 recovery.

• Leverage ratio jumped from 0.01 to 0.05 D/E in latest quarter; balance sheet remains strong but debt increased.

⚠ Q1 seasonality or one-off headwinds? Q1 2025 saw similar margin compression; pattern suggests cyclical Q1 weakness.

⚠ Q3 2024 peak (OpMargin 15.2%, ROIC 19.8%) now distant; current profitability 45–55% below that level.

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Available Research

13F Pro tracks comprehensive data for EPAM Systems, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of EPAM

Capital World Investors
$926.2M6,840,142 sh
Invesco Ltd.
$592.9M4,378,904 sh
BlackRock, Inc.
$553.6M4,088,584 sh
AMERIPRISE FINANCIAL INC
$512.3M3,783,297 sh
VANGUARD CAPITAL MANAGEMENT LLC
$469.0M3,463,939 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$400.5M2,957,693 sh
STATE STREET CORP
$302.4M2,233,194 sh
Boston Partners
$285.9M2,111,221 sh
GEODE CAPITAL MANAGEMENT, LLC
$218.4M1,615,874 sh
MASSACHUSETTS FINANCIAL SERVICES CO /MA/
$205.4M1,487,547 sh

Fund	Value	Shares
Capital World Investors	$926.2M	6,840,142
Invesco Ltd.	$592.9M	4,378,904
BlackRock, Inc.	$553.6M	4,088,584
AMERIPRISE FINANCIAL INC	$512.3M	3,783,297
VANGUARD CAPITAL MANAGEMENT LLC	$469.0M	3,463,939
VANGUARD PORTFOLIO MANAGEMENT LLC	$400.5M	2,957,693
STATE STREET CORP	$302.4M	2,233,194
Boston Partners	$285.9M	2,111,221
GEODE CAPITAL MANAGEMENT, LLC	$218.4M	1,615,874
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	$205.4M	1,487,547

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Is EPAM a good stock to buy?

13F Pro's AI-powered analysis of EPAM Systems, Inc. (EPAM) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for EPAM are available on the EPAM stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own EPAM?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling EPAM. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of EPAM Systems, Inc.'s investment landscape.