EPAM Q1 revenue up 11.7% to $1.302B; raises FY2025 guidance; CEO succession planned

EPAM Systems, Inc.

2025-Q1 EPS reported $1.28 revenue$1,301,692,000

Q1 revenue $1.302B (+11.7% YoY); GAAP op income $99.3M (7.6% rev); non-GAAP op income $175.8M (13.5% rev).
GAAP diluted EPS $1.28 (down $0.69 YoY); non-GAAP diluted EPS $2.41 (down $0.05 YoY).
FY2025 revenue growth outlook raised to 11.5%-14.5% (reported), 2.0%-5.0% organic constant currency.
CEO Arkadiy Dobkin to become Executive Chairman; Balazs Fejes named CEO effective Sept 1, 2025.
Company repurchased $160M shares in Q1; cash & equivalents $1.179B.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Arkadiy Dobkin

Executive Chairman

EPAM · EPAM Systems, Inc.

Effective: 2025-09-01
Filed: May 8, 2025, 7:59 PM ET

Arkadiy Dobkin, the Company’s Chief Executive Officer and President, will transition to the role of Executive Chairman on September 1, 2025

Appointed

Balazs Fejes

Chief Executive Officer and President

EPAM · EPAM Systems, Inc.

Effective: 2025-09-01
Filed: May 8, 2025, 7:59 PM ET

Balazs Fejes, the Company’s current President of Global Business and Chief Revenue Officer, will become Chief Executive Officer and President as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Arkadiy Dobkin changed role as Executive Chairman at EPAM Systems, Inc..

Action: transitioned
Role: Executive Chairman

Exact text from the filing

Arkadiy Dobkin, the Company’s Chief Executive Officer and President, will transition to the role of Executive Chairman on September 1, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Balazs Fejes was appointed as Chief Executive Officer and President at EPAM Systems, Inc..

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

Balazs Fejes, the Company’s current President of Global Business and Chief Revenue Officer, will become Chief Executive Officer and President as of the Effective Date.

View on SEC.gov

EPAM Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001352010-25-000012

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