EPAM Systems (EPAM) Free Cash Flow (2011 - 2026)
EPAM Systems (EPAM) posted quarterly Free Cash Flow of -$54.2 million for Q1 2026, down 465.52% year-over-year from $14.8 million in Q1 2025, and down 117.75% quarter-over-quarter from $305.5 million in Q4 2025.
EPAM Systems (EPAM) Free Cash Flow (2011 - 2026) Analysis & Trends
EPAM Systems (EPAM) has reported Free Cash Flow for 16 consecutive years, with -$54.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow fell 465.52% year-over-year to -$54.2 million; the TTM figure through Mar 2026 stood at $581.0 million (up 38.78% YoY), while the FY2025 annual figure was $650.1 million, up 23.35% from the prior year.
- Free Cash Flow retreated to -$54.2 million in Q1 2026 per EPAM's latest filing, from $305.5 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $305.5 million in Q4 2025 and bottomed at -$75.1 million in Q1 2022.
- Historically, Free Cash Flow has averaged $120.0 million across 5 years, with a median of $114.5 million in 2024.
- Annual changes were most pronounced in 2022 — Free Cash Flow slumped 4677.82% — and 2023, when it jumped 205.72%.
- EPAM Systems' Free Cash Flow stood at $164.6 million in 2022, then dropped by 1.94% to $161.4 million in 2023, then dropped by 29.03% to $114.5 million in 2024, then jumped by 166.75% to $305.5 million in 2025, then tumbled by 117.75% to -$54.2 million in 2026.
- Business Quant data shows EPAM's Free Cash Flow at -$54.2 million in Q1 2026, $305.5 million in Q4 2025, and $286.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.17 Bn | 210.81 Bn | 9.91 Bn | 2.37 Bn |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 3.60 Bn |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | - |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | 457.05 Mn |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 459.00 Mn |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | 264.00 Mn |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | 642.50 Mn |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | 383.00 Mn |
| 9 | Leidos Holdings | 17.81 Bn | 17.07 Bn | 817.00 Mn | 761.00 Mn |
| 10 | EPAM Systems | 5.75 Bn | 4.96 Bn | 429.57 Mn | -17.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -17.64 Mn |
| Jun 30, 2026 | -17.64 Mn |
| Mar 31, 2026 | -54.22 Mn |
| Mar 31, 2026 | -54.22 Mn |
| Dec 31, 2025 | 305.51 Mn |
| Dec 31, 2025 | 305.51 Mn |
| Sep 30, 2025 | 286.38 Mn |
| Sep 30, 2025 | 286.38 Mn |
| Jun 30, 2025 | 43.37 Mn |
| Jun 30, 2025 | 43.37 Mn |
| Mar 31, 2025 | 14.83 Mn |
| Mar 31, 2025 | 14.83 Mn |
| Dec 31, 2024 | 114.53 Mn |
| Dec 31, 2024 | 114.53 Mn |
| Sep 30, 2024 | 237.00 Mn |
| Sep 30, 2024 | 237.00 Mn |
| Jun 30, 2024 | 52.32 Mn |
| Jun 30, 2024 | 52.32 Mn |
| Mar 31, 2024 | 123.17 Mn |
| Mar 31, 2024 | 123.17 Mn |