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EPAM Systems EPAM Minsk, Belarus — Depreciation expense

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Other financials

Income statement

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Revenue$1.4B+4.5%
Gross profit$429.6M+10.3%
Operating income$152.2M+20.4%
Net income$103.0M+17.0%
EPS (diluted)$1.97+26.3%

Balance sheet

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Cash & equivalents$794.3M-24.1%
Total debt$152.2M-6.4%
Total equity$3.5B-4.1%
Total assets$4.6B-2.9%

Cash flow

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Operating cash flow-$2.4M-105%
CapEx$15.2M+54.8%
Free cash flow-$17.6M-141%

Valuation

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Market cap$4.86B-43.3%
Enterprise value$4.22B-45.1%
P/E12.1×-9.3×
P/S0.9×-0.8×

Profitability

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Gross margin29.4%-0.6pp
Operating margin10%-0.6pp
Net margin7.2%-0.8pp
FCF margin8.6%+0.5pp

Returns & leverage

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Return on equity11.2%-0.2pp
Debt / equity0.0×
Current ratio2.8×-0.4×

Where this comes from

Reported directly by EPAM Systems in its filing.

Tagged under the XBRL concept us-gaap:FinanceLeaseRightOfUseAssetAmortization.

The source filing: EPAM Systems’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 4:08 PM EST
Fiscal year
FY2025
Accession
0001352010-26-000015

The Company has assets which generate lease income including subleases of portions of its office space to third parties. The gross amount of such assets was $20.0 million and $10.6 million, and the associated accumulated depreciation was $6.9 million and $4.0 million as of December 31, 2025 and 2024, respectively. Depreciation expense associated with these assets held under operating leases was $1.2 million, $0.8 million and $0.5 million for the year ended December 31, 2025, 2024 and 2023, respectively.

Item 16. Form 10-K Summary

FAQ

What is EPAM Systems's minsk, belarus — depreciation expense?
EPAM Systems (EPAM) reported minsk, belarus — depreciation expense of $300K in Q4 2025.
How has EPAM Systems's minsk, belarus — depreciation expense changed year-over-year?
EPAM Systems's minsk, belarus — depreciation expense increased by 50.0% year-over-year, from $200K to $300K.
What is the long-term trend for EPAM Systems's minsk, belarus — depreciation expense?
Over 4 years (2021 to 2025), EPAM Systems's minsk, belarus — depreciation expense has grown at a 86.1% compound annual growth rate (CAGR), from $100K to $1.2M.
What does minsk, belarus — depreciation expense mean?
This metric measures the periodic allocation of the cost of leased office assets in the Minsk, Belarus segment to the income statement over their useful lives. It reflects the non-cash expense associated with the wear and tear or obsolescence of regional facilities during the reporting period. Analyzing this expense helps investors understand the ongoing operational cost burden associated with maintaining a physical presence in this specific geography.

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