It plays in the VTB United League, the highest level of basketball in Russia.

[citation needed] In 2016, Parma Basket won the Russian Cup title, by beating Zenit Saint Petersburg in the Russian Cup Final.

[1] To meet the arena requirements of the league, Parma moved to the Universal Sports Palace Molot.

[citation needed] In 2020, Parma made its debut in the main stage of a European competition as the team played in the 2020–21 FIBA Europe Cup.

After surviving the group stage, the team beat Rilski Sportist and Balkan Botevgrad in the eight- and quarterfinals.