Grid Dynamics Holdings, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:06:58Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 25.27M | 18.43M | 33.22M | 25.58M | 13.26M | 3.68M |
| EBITDA | 17.81M | 12.12M | 3.35M | -14.38M | 5.10M | -12.78M |
| Working Capital | 387.42M | 367.76M | 281.76M | 284.42M | 167.42M | 121.30M |
| Net Debt | -325.02M | -322.03M | -246.23M | -248.59M | -144.36M | -112.75M |
| Gross Margin | 34.56% | 36.23% | 36.16% | 38.84% | 41.52% | 37.40% |
| Operating Margin | -0.46% | -0.60% | -1.78% | -6.77% | 0.02% | -13.88% |
| Net Margin | 2.35% | 1.15% | -0.56% | -9.41% | -3.64% | -11.32% |
| Return on Equity (ROE) | 1.78% | 0.78% | -0.46% | -8.05% | -3.39% | -8.30% |
| Return on Assets (ROA) | 1.58% | 0.68% | -0.41% | -7.11% | -3.00% | -7.54% |
| Current Ratio | 8.43× | 7.62× | 7.67× | 8.35× | 7.61× | 10.11× |
| Debt-to-Equity | 0.03× | 0.02× | 0.03× | 0.02× | 0.00× | 0.00× |
| Effective Tax Rate | 38.42% | 63.45% | 136.48% | -42.83% | -214.03% | 17.18% |
| Cash Conversion Ratio | 4.20× | 7.47× | -23.28× | -1.08× | -2.33× | -0.47× |
| Accruals Ratio | -0.05× | -0.04× | -0.10× | -0.15× | -0.10× | -0.11× |
| SBC % of Revenue | 7.37% | 9.75% | 11.35% | 19.64% | 15.64% | 17.98% |
| CapEx Coverage | 2.65× | 2.57× | 5.22× | 5.22× | 3.81× | 2.63× |
| Free Cash Flow Per Share | $0.29 | $0.23 | $0.44 | $0.37 | $0.23 | $0.08 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 82.09× | 444.80× | — | — | — | — |
| P/FCF | 31.05× | 96.49× | 30.17× | 30.35× | 168.01× | 153.10× |
| FCF Yield | 3.22% | 1.04% | 3.31% | 3.29% | 0.60% | 0.65% |
| EV / EBITDA | 24.67× | 126.82× | 228.74× | — | 469.50× | — |
| P/S | 1.86× | 5.30× | 3.23× | 2.68× | 12.01× | 5.76× |
| P/B | 1.41× | 3.59× | 2.64× | 2.29× | 11.18× | 4.23× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 411.83M | 350.57M | 312.91M | 310.48M | 211.28M | 111.28M |
| Revenues | — | — | — | — | — | 111.28M |
| Cost of Revenue | 269.48M | 223.57M | 199.76M | 189.89M | 123.55M | 69.66M |
| Gross Profit | 142.35M | 127.00M | 113.15M | 120.59M | 87.73M | 41.62M |
| Research and Development Expense | 23.66M | 18.35M | 14.74M | 15.77M | 8.46M | 9.31M |
| Selling, General and Administrative Expense | — | — | — | — | — | 37.71M |
| Operating Expenses | 144.24M | 129.11M | 118.73M | 141.60M | 87.68M | 57.07M |
| Operating Income (Loss) | -1.90M | -2.10M | -5.58M | -21.01M | 50.00K | -15.45M |
| Income Tax Expense (Benefit) | 6.03M | 7.01M | 6.60M | 8.76M | 5.25M | -2.61M |
| Net Income (Loss) Attributable to Parent | 9.67M | 4.04M | -1.76M | -29.21M | -7.70M | -12.60M |
| Earnings Per Share, Basic | $0.11 | $0.05 | $-0.02 | $-0.42 | $-0.13 | $-0.28 |
| Weighted Average Number of Shares Outstanding, Basic | 84.54M | 77.47M | 75.19M | 69.20M | 58.66M | 44.74M |
| Earnings Per Share, Diluted | $0.11 | $0.05 | $-0.02 | $-0.42 | $-0.13 | $-0.28 |
| Weighted Average Number of Shares Outstanding, Diluted | 86.89M | 79.97M | 75.19M | 69.20M | 58.66M | 44.74M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 342.06M | 334.65M | 257.23M | 256.73M | 144.36M | 112.75M |
| Assets, Current | 439.53M | 423.30M | 323.98M | 323.13M | 192.76M | 134.62M |
| Assets | 612.89M | 592.19M | 435.17M | 411.15M | 256.72M | 167.13M |
| Liabilities, Current | 52.11M | 55.54M | 42.22M | 38.71M | 25.34M | 13.32M |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | 0 | — |
| Liabilities | 70.82M | 74.36M | 52.26M | 48.10M | 29.67M | 15.41M |
| Stockholders' Equity Attributable to Parent | 542.07M | 517.83M | 382.91M | 363.04M | 227.05M | 151.72M |
| Common Stock, Shares, Outstanding | 84.64M | 83.61M | 75.89M | 74.16M | 66.85M | 50.88M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 40.60M | 30.20M | 41.09M | 31.65M | 17.97M | 5.93M |
| Payments to Acquire Property, Plant, and Equipment | 15.33M | 11.77M | 7.87M | 6.07M | 4.72M | 2.25M |
| Net Cash Provided by (Used in) Investing Activities | -15.14M | -51.30M | -25.95M | -16.32M | -35.37M | -18.34M |
| Payments for Repurchase of Common Stock | 2.00M | 0 | 0 | 0 | 0 | 123.86M |
| Payments of Dividends | — | — | — | — | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | -19.94M | 101.16M | -16.32M | 97.76M | 49.13M | 82.97M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 4.43M | 6.10M | 19.17M | 16.22M | 6.01M | 4.43M |
| EBITDA | 1.52M | 5.58M | — | — | 2.68M | 5.91M |
| Working Capital | 377.37M | 387.42M | 382.89M | 374.30M | 363.48M | 367.76M |
| Net Debt | -310.05M | -325.02M | -324.90M | -321.47M | -313.97M | -322.03M |
| Gross Margin | 34.80% | 34.04% | 33.32% | 34.13% | 36.84% | 36.94% |
| Operating Margin | -3.54% | 0.48% | -0.23% | -0.12% | -2.03% | 1.26% |
| Net Margin | -1.42% | 0.29% | 1.13% | 5.22% | 2.90% | 4.51% |
| Return on Equity (ROE) | -0.28% | 0.06% | 0.22% | 0.99% | 0.56% | 0.87% |
| Return on Assets (ROA) | -0.24% | 0.05% | 0.19% | 0.87% | 0.49% | 0.76% |
| Current Ratio | 7.88× | 8.43× | 7.63× | 7.37× | 7.25× | 7.62× |
| Debt-to-Equity | 0.03× | 0.03× | 0.03× | 0.03× | 0.02× | 0.02× |
| Effective Tax Rate | -234.77% | 89.10% | 62.31% | 27.78% | -17.94% | 21.53% |
| Cash Conversion Ratio | -5.70× | 32.34× | 26.09× | 4.50× | 3.21× | 1.56× |
| Accruals Ratio | -0.02× | -0.02× | -0.05× | -0.03× | -0.01× | -0.00× |
| SBC % of Revenue | 8.12% | 6.15% | 22.86% | 17.27% | 10.70% | 8.17% |
| CapEx Coverage | 2.12× | 2.61× | 2.66× | 3.16× | 2.80× | 2.68× |
| Free Cash Flow Per Share | $0.05 | $0.07 | $0.22 | $0.19 | $0.07 | $0.06 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 114.00× | 90.30× | 48.19× | 57.75× | 120.38× | 444.80× |
| P/S | 1.15× | 1.86× | 1.61× | 2.51× | 3.56× | 5.30× |
| P/B | 0.90× | 1.41× | 1.21× | 1.84× | 2.56× | 3.59× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 104.10M | 106.15M | 104.16M | 101.09M | 100.42M | 100.28M |
| Cost of Revenue | 67.87M | 70.02M | 69.45M | 66.59M | 63.42M | 63.23M |
| Gross Profit | 36.23M | 36.14M | 34.71M | 34.50M | 37.00M | 37.05M |
| Research and Development Expense | 6.08M | 4.68M | 5.76M | 6.74M | 6.49M | 5.40M |
| Operating Expenses | 39.91M | 35.63M | 34.95M | 34.63M | 39.03M | 35.79M |
| Operating Income (Loss) | -3.68M | 506.00K | -241.00K | -123.00K | -2.04M | 1.26M |
| Income Tax Expense (Benefit) | 1.03M | 2.50M | 1.95M | 2.03M | -443.00K | 1.24M |
| Net Income (Loss) Attributable to Parent | -1.47M | 306.00K | 1.18M | 5.27M | 2.91M | 4.52M |
| Earnings Per Share, Basic | $-0.02 | $0.00 | $0.01 | $0.06 | $0.03 | $0.06 |
| Weighted Average Number of Shares Outstanding, Basic | 84.68M | 84.54M | 84.69M | 84.58M | 84.12M | 77.47M |
| Earnings Per Share, Diluted | $-0.02 | $0.00 | $0.01 | $0.06 | $0.03 | $0.06 |
| Weighted Average Number of Shares Outstanding, Diluted | 84.68M | 86.89M | 85.84M | 86.45M | 87.79M | 79.97M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 327.47M | 342.06M | 338.55M | 336.75M | 325.55M | 334.65M |
| Assets, Current | 432.24M | 439.53M | 440.67M | 433.02M | 421.68M | 423.30M |
| Assets | 605.02M | 612.89M | 613.17M | 608.91M | 590.90M | 592.19M |
| Liabilities, Current | 54.87M | 52.11M | 57.78M | 58.72M | 58.20M | 55.54M |
| Liabilities | 74.90M | 70.82M | 75.45M | 76.69M | 73.54M | 74.36M |
| Stockholders' Equity Attributable to Parent | 530.12M | 542.07M | 537.72M | 532.21M | 517.36M | 517.83M |
| Common Stock, Shares, Outstanding | 83.57M | 84.64M | 84.71M | 84.61M | 84.49M | 83.61M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 8.39M | 9.90M | 30.70M | 23.73M | 9.35M | 7.07M |
| Payments to Acquire Property, Plant, and Equipment | 3.96M | 3.80M | 11.54M | 7.51M | 3.34M | 2.64M |
| Net Cash Provided by (Used in) Investing Activities | -3.96M | -3.80M | -11.34M | -7.31M | -3.34M | -9.99M |
| Payments for Repurchase of Common Stock | 11.46M | — | — | — | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | -17.58M | -2.45M | -17.48M | -16.85M | -15.84M | 108.93M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (GDYN CIK 0001743725),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.