---
schema_version: "secwatch.filing_event.v1"
accession: "0001352010-25-000012"
form_type: "8-K"
ticker: "EPAM"
cik: "0001352010"
company_name: "EPAM Systems, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:38:17.463045+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001352010-25-000012
- form_type: 8-K
- ticker: EPAM
- cik: 0001352010
- company_name: EPAM Systems, Inc.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1352010/000135201025000012/0001352010-25-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1352010/000135201025000012/epam-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001352010-25-000012
- JSON: https://secwatch.observer/filing/0001352010-25-000012.json
- Plain text: https://secwatch.observer/filing/0001352010-25-000012.txt

## Key facts
- Executive change
  Arkadiy Dobkin changed role as Executive Chairman at EPAM Systems, Inc..
  - Action: transitioned
  - Role: Executive Chairman
  source text: Arkadiy Dobkin, the Company’s Chief Executive Officer and President, will transition to the role of Executive Chairman on September 1, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352010/000135201025000012/0001352010-25-000012-index.htm
- Executive change
  Balazs Fejes was appointed as Chief Executive Officer and President at EPAM Systems, Inc..
  - Action: appointed
  - Role: Chief Executive Officer and President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352010/000135201025000012/0001352010-25-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.