EPAM Systems, Inc.

Is EPAM publicly traded?
Yes. EPAM trades on the NYSE under ticker EPAM. It went public in February 2012 and joined the S&P 500 in December 2021.

Who owns EPAM?
Public shareholders, predominantly institutional investors such as Vanguard and BlackRock. Founder Arkadiy Dobkin retains a modest equity stake and continues to lead the company as chairman, president, and CEO.

What does EPAM do?
EPAM provides software engineering services: it designs and builds custom applications, digital platforms, data systems, and AI solutions for large enterprises, primarily in financial services, retail, technology, and life sciences.

Where is EPAM headquartered?
Corporate headquarters is in Newtown, Pennsylvania, United States. Delivery operations span more than 55 countries, with major engineering centers in Poland, India, Hungary, Spain, Mexico, Colombia, and Central Asia.

How many employees does EPAM have?
Approximately 64,000 professionals as of late 2025, the large majority in engineering and delivery roles. The count grew through the NEORIS and First Derivative acquisitions and hiring for AI-related demand.

Did EPAM leave Russia?
Yes. Following Russia's 2022 invasion of Ukraine, EPAM exited Russia entirely, relocated tens of thousands of professionals from the region, and rebuilt delivery capacity across other countries. It no longer serves Russian clients.

How much revenue does EPAM make?
Fiscal 2025 revenue was $5.46 billion, up 15.4 percent year over year, with GAAP operating income of $520 million and non-GAAP diluted EPS of $11.50.

Dobkin and Lozner founded EPAM in 1993 with a simple arbitrage: exceptional Soviet-trained engineers in Minsk, Belarus, could build software for Western companies at dramatically lower cost than US staff. The company set up client-facing operations in Princeton, New Jersey, and engineering in Minsk, an early template for offshore delivery.

Through the 2000s EPAM won complex work rather than commodity maintenance contracts, building platforms for software vendors, banks, and media companies. It expanded engineering centers across Belarus, Russia, Ukraine, Hungary, and Kazakhstan, and the 2006 merger with Russian firm Vested Development deepened its Eastern European bench.

The February 2012 NYSE IPO made EPAM the first US-listed IT services company built primarily on Eastern European delivery. Public capital then funded an acquisition program that broadened it beyond pure engineering: Continuum added product design in 2018, test automation vendor and consulting properties added quality engineering and advisory depth, and agency acquisitions added digital experience capabilities. Headcount passed 40,000 and the stock entered the S&P 500 in 2021.

The defining crisis arrived in February 2022. Russia's invasion of Ukraine stranded the company's delivery concentration in the region: tens of thousands of professionals were based in Ukraine, Russia, and Belarus. EPAM evacuated and relocated staff at large scale, stopped serving Russian clients, exited Russia entirely, and rebuilt capacity in Poland, India, Latin America, and Central Asia. The relocation worked, but it cost the company growth and hundreds of millions in restructuring.

Recovery resumed through acquisition and AI demand. EPAM bought NEORIS, a Latin American digital consultancy with thousands of professionals, and First Derivative, a capital markets technology specialist, both in 2024. Fiscal 2025 produced $5.46 billion of revenue, up 15.4 percent, with the acquired businesses moving from inorganic to organic contribution by year-end and AI-native engineering work cited as the fastest growing demand area.

EPAM has been named to the Fortune 100 Fastest-Growing Companies list multiple times and to Forbes lists of best employers and best management consulting firms. Analysts at Forrester and Everest Group regularly rank it a leader in digital product engineering services, and it has received industry awards for open source contribution and engineering culture.

The 2022 Eastern European exit was less a scandal than a strategic exposure: critics asked why a US-listed company had concentrated delivery in Russia and Belarus, and the relocation revealed how geopolitically fragile the model had become. EPAM's handling of staff evacuation and relocation was broadly praised, but the episode cost revenue, margin, and investor confidence for two years.

The company has also faced standard services-sector scrutiny: periodic employee classification and overtime claims in various jurisdictions, client contract disputes, and criticism during layoff rounds conducted as part of restructuring. None has produced material regulatory findings.

As a services company handling client data across borders, it carries compliance obligations under GDPR, financial services regulations, and client audit regimes, maintained through certifications rather than highlighted by incidents.