Bragar Eagel & Squire Investigating EPAM Systems on Behalf of Stockholders

Law firm encourages investors who suffered losses to contact them directly to discuss options.

Published on Mar. 2, 2026

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Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against EPAM Systems, Inc. on behalf of EPAM stockholders. The investigation concerns whether EPAM has violated federal securities laws or engaged in other unlawful business practices. The investigation was prompted by EPAM's Q4 2025 earnings report, which showed a decline in revenue from the largest customer of its NEORIS business unit.

Why it matters

This investigation could lead to legal action against EPAM Systems on behalf of stockholders who suffered losses. The outcome could impact the company's financial standing and future operations.

The details

On February 19, 2026, EPAM reported its Q4 and full year 2025 financial results. During the earnings call, EPAM's CFO acknowledged a decline in revenue from the largest customer of the company's NEORIS business unit, indicating that the customer was going to "ramp down business" between Q4 2025 and Q1 2026. This news caused EPAM's stock price to fall $9.20 per share, or 6.61%, over the following two trading sessions.

  • EPAM reported Q4 2025 and full year 2025 financial results on February 19, 2026.
  • EPAM's stock price fell $9.20 per share, or 6.61%, over the two trading sessions following the earnings report.

The players

Bragar Eagel & Squire, P.C.

A nationally recognized stockholder rights law firm investigating potential claims against EPAM Systems, Inc. on behalf of EPAM stockholders.

EPAM Systems, Inc.

A technology services and consulting company that provides digital platform engineering and software development services.

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What they’re saying

“If you purchased or otherwise acquired EPAM shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form.”

— Brandon Walker, Litigation Partner, Bragar Eagel & Squire, P.C. (Press Release)

What’s next

The judge in the case will decide on whether to allow the investigation to proceed.

The takeaway

This investigation highlights the potential legal risks facing EPAM Systems due to its financial performance and the impact on stockholders. The outcome could set a precedent for how technology companies handle customer relationship changes and their obligations to shareholders.