Business

How Ukraine’s top 10 IT leaders have changed: newcomers impress with results

In 2025, the Ukrainian IT industry showed modest growth: the total revenue of the top 10 companies in the Opendatabot Index amounted to UAH 56.48 billion, which is 1% more than in the previous year. Despite the overall stability, the list of leaders has changed: two companies left the top 10 and were replaced by newcomers with impressive results. This is reported by "Komersant Ukrainian" with reference to Opendatabot.

Top 3: American companies dominate

The top three are led by companies with American roots. For the first time, GlobalLogic Ukraine, owned by the American Bonus Technology INC, took the first place. Revenue for the year changed slightly to UAH 11.66 billion (2%), while profit decreased by 28% to UAH 653 million. Despite the fact that the company has been in the Index for 3 years, it took the leading position for the first time.

“GlobalLogic in Ukraine unites thousands of talented engineers. It is their intelligence, education, diligence and high efficiency that helps the company to develop in Ukraine and pay taxes to the economy of our country. Our engineering teams in Ukraine create high-tech solutions in the areas of artificial intelligence, automotive, medical, semiconductors, and more. These developments are highly valued by our customers in the US and Europe,” comments Anna Shcherbakova, COO of GlobalLogic Ukraine.

The remaining top 3 positions were shared by two companies Epam, founded by Arkadiy Dobkin. They account for a third of the top ten earnings. Epam Systems, which had previously topped the Index for 2 years in a row, went down a notch with revenue of UAH 11.35 billion. This is 10% less than in 2023. At the same time, its profit increased by 27% to UAH 1.67 billion.

At the same time, Epam Digital’s revenues and profits are growing year on year. With revenue of UAH 7.5 billion (25%) and profit of UAH 838 million (11%), the company ranked third in the Index. It is worth noting that this legal entity was founded only in December 2021.

“EPAM Ukraine has been a leader in the IT industry for several years in terms of key indicators: the number of employees, revenue, and tax payments to the country’s budget. Last year, we paid over UAH 1 billion in taxes, which confirms our position as one of the largest taxpayers in the Ukrainian IT sector. Since the beginning of the full-scale invasion, the company has committed $100 million to support its Ukrainian team, their families, Ukrainian defenders and the country’s critical needs,” said Stepan Mitish, Vice President, Head of EPAM Ukraine.

How the list of IT leaders has changed over the year

For the second year in a row, Luxoft Solutions, a subsidiary of Swiss Luxoft founded by Dmitry Loschinin, remains fourth in the Index. Its revenue fell by 7% to UAH 5.45 billion, while profit decreased by 12% to UAH 263.6 million.

The Institute of Information Technologies “Intellias” took the 5th place with a revenue of UAH 4.06 billion (-6%). At the same time, the company’s profit increased by 18% to UAH 300.7 million. The business is owned by ITE Limited, whose ultimate owners are Vitaliy Sedler and Mikhail Puzrakov.

SoftServe Technologies, founded by Lviv residents Taras Kitsmey and Yaroslav Lyubynets, moved up two places last year: 6th place. The company’s revenue grew 1.6 times over the year to UAH 3.83 billion, while profit remained the same at UAH 210 million.

The fintech band, owned by Monobank founders Oleg Gorokhovsky and Mikhail Rogalsky, lost two positions in the Best Index this year. Due to a significant decrease in revenue – by one and a half times – the company was ranked seventh: uAH 3.71 billion. Profits decreased even more significantly: by 2.7 times to UAH 1.15 billion.

Infopulse Ukraine, founded by Oleksiy Sigovyi and Andriy Anisimov, took ninth place. It is now owned by the Swedish company NUK HOLDING AB. The company’s revenue decreased by 5% to UAH 3.06 billion, and profit decreased by 14% to UAH 332.7 million.

The newcomers are impressive: Highload Solutions and Squad Ukraine

At the same time, this year’s Opportunity Index also includes newcomers that made their debut with stunning results. With revenues of UAH 3.22 billion and a record profit of UAH 2.4 billion among the top 10 companies, Highload Solutions (formerly Favbet Tech) by Dmytro Matyukha appeared in the Index. The company, registered in January 2022, accounts for a third of the total profit of the ranked companies.

Another newcomer to the Index rounds out the top ten is the young company Squad Ukraine (SQUAD), established in August 2022. The business is owned by the Cypriot company Squad IT Limited, owned by Ukrainians Lyubomyr Vasyliev and Yuriy Katkov. Last year, Squad’s revenue grew 2.8 times year-on-year to UAH 2.6 billion, and its profit grew 3.4 times to UAH 80.6 million.

Who left the top 10

At the same time, this year the IT companies dropped out of the Index:

SoftServe Industry (SoftServe) – revenue more than halved to UAH 889 million.

Playtika Ukraine – revenue decreased by 8% compared to 2023 and amounted to UAH 2.14 billion;

Diia City: the choice of the majority

It is worth noting that 7 companies from the top chose the Diia City legal regime, with the exception of Epam Systems, Luxoft Solutions, and the Institute of Information Technologies “Intellias”. This means that these companies do not enjoy special tax benefits, a simplified administrative process, and other tools for the development of the IT sector from the state.

Top 10 IT companies

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