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EPAM Systems vs RideNow: revenue, profit, margins and growth compared

EPAM Systems brought in $5.5B of revenue in fiscal 2025, RideNow $1.1B in fiscal 2025. Revenue changed by +15.4% at EPAM Systems and -10.5% at RideNow on the year before, so EPAM Systems grew faster. EPAM Systems kept 6.9% of its revenue as net profit, RideNow -4.8%. Free cash flow was $612.7M at EPAM Systems and $10.3M at RideNow.

Side by side, latest fiscal year

EPAMRDNW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$5.5B$1.1B
Revenue growth+15.4%-10.5%
Net income$377.7M-$52.4M
Net margin6.9%-4.8%
Free cash flow$612.7M$10.3M
Free cash flow margin11.2%1.0%
Earnings per share (diluted)$6.72-$1.38
Cash$1.3B$29.5M
Debt$25M$207.6M
Price to earnings16.8n/a
Market value$5.8B$192.7M
Dividend yieldn/an/a
Rank by revenue in sector#90 of 751 · Technology#210 of 751 · Technology

Over the years

Revenue
EPAM FY2018: $1.8BEPAM FY2019: $2.3BEPAM FY2020: $2.7BEPAM FY2021: $3.8BEPAM FY2022: $4.8BEPAM FY2023: $4.7BEPAM FY2024: $4.7BEPAM FY2025: $5.5BRDNW FY2018: $156.4MRDNW FY2019: $840.6MRDNW FY2020: $416.4MRDNW FY2021: $924.2MRDNW FY2022: $1.8BRDNW FY2023: $1.4BRDNW FY2024: $1.2BRDNW FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
EPAM $5.5BRDNW $1.1B
Net income
EPAM FY2018: $240.3MEPAM FY2019: $261.1MEPAM FY2020: $327.2MEPAM FY2021: $481.7MEPAM FY2022: $419.4MEPAM FY2023: $417.1MEPAM FY2024: $454.5MEPAM FY2025: $377.7MRDNW FY2018: -$25.2MRDNW FY2019: -$45.2MRDNW FY2020: -$25MRDNW FY2021: -$9.7MRDNW FY2022: -$261.5MRDNW FY2023: -$215.5MRDNW FY2024: -$78.6MRDNW FY2025: -$52.4MFY18FY19FY20FY21FY22FY23FY24FY25
EPAM $377.7MRDNW -$52.4M
Net margin
EPAM FY2018: 13.0%EPAM FY2019: 11.4%EPAM FY2020: 12.3%EPAM FY2021: 12.8%EPAM FY2022: 8.7%EPAM FY2023: 8.9%EPAM FY2024: 9.6%EPAM FY2025: 6.9%RDNW FY2018: -16.1%RDNW FY2019: -5.4%RDNW FY2020: -6.0%RDNW FY2021: -1.1%RDNW FY2022: -14.6%RDNW FY2023: -15.8%RDNW FY2024: -6.5%RDNW FY2025: -4.8%FY18FY19FY20FY21FY22FY23FY24FY25
EPAM 6.9%RDNW -4.8%
Revenue growth
EPAM FY2019: +24.5%EPAM FY2020: +15.9%EPAM FY2021: +41.3%EPAM FY2022: +28.4%EPAM FY2023: -2.8%EPAM FY2024: +0.8%EPAM FY2025: +15.4%RDNW FY2019: +437.5%RDNW FY2020: -50.5%RDNW FY2021: +121.9%RDNW FY2022: +94.1%RDNW FY2023: -23.8%RDNW FY2024: -11.5%RDNW FY2025: -10.5%FY19FY20FY21FY22FY23FY24FY25
EPAM +15.4%RDNW -10.5%
Free cash flow
EPAM FY2018: $254.6MEPAM FY2019: $188.1MEPAM FY2020: $475.6MEPAM FY2021: $460.8MEPAM FY2022: $382.5MEPAM FY2023: $534.2MEPAM FY2024: $527MEPAM FY2025: $612.7MRDNW FY2018: -$23.5MRDNW FY2019: -$39.9MRDNW FY2020: $17MRDNW FY2021: -$37.8MRDNW FY2022: -$24.5MRDNW FY2023: -$52.6MRDNW FY2024: $97.4MRDNW FY2025: $10.3MFY18FY19FY20FY21FY22FY23FY24FY25
EPAM $612.7MRDNW $10.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about EPAM Systems and RideNow

Which is bigger by revenue, EPAM Systems or RideNow?

EPAM Systems is bigger by revenue: $5.5B in fiscal 2025, against $1.1B for RideNow in fiscal 2025.

Which keeps more of its revenue as profit, EPAM Systems or RideNow?

EPAM Systems had a net margin of 6.9% in fiscal 2025; RideNow had -4.8% in fiscal 2025.

Which grew revenue faster, EPAM Systems or RideNow?

In their latest fiscal years revenue changed by +15.4% at EPAM Systems and -10.5% at RideNow.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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