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EPAM Systems EPAM Minsk, Belarus — Leased building, accumulated depreciation

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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:FinanceLeaseRightOfUseAssetAccumulatedAmortization.

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 — leased building, accumulated depreciation?
EPAM Systems (EPAM) reported minsk, belarus — leased building, accumulated depreciation of $6.9M in Q4 2025.
How has EPAM Systems's minsk, belarus — leased building, accumulated depreciation changed year-over-year?
EPAM Systems's minsk, belarus — leased building, accumulated depreciation increased by 72.5% year-over-year, from $4M to $6.9M.
What does minsk, belarus — leased building, accumulated depreciation mean?
This metric quantifies the total depreciation recognized against leased office building assets situated in the Minsk, Belarus geographic segment over the life of the leases. It serves as a contra-asset account that reduces the gross book value of these facilities to their current net carrying amount. Tracking this balance provides insight into the age and remaining useful life of the company's regional real estate infrastructure.

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