GDYN

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Grid Dynamics Holdings, Inc.

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Key Metrics

Previous Close: $7.98
52-Week Range: $5.11 – $10.21
Market Cap: $641.71M
P/E (TTM): 263.67
EPS (TTM): 0.03
Dividend Yield: —

Advanced Metrics

Price/Book: 1.23
PEG Ratio: —
Return on Equity: 0.54%
Return on Assets: 0.60%
Gross Margin: 34.72%
Operating Margin: 3.62%
Profit Margin: 0.68%
Current Ratio: 7.22
Debt/Equity: 0.03
Total Debt: $16.71M
Free Cash Flow: $22.72M
Revenue Growth: 7.00%
Earnings Growth: -50.00%
Enterprise Value: $361.62M

GDYN Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$310.48M	$312.91M	$350.57M	$411.83M
Cost of Revenue	$189.89M	$199.76M	$223.57M	$269.48M
Gross Profit	$120.59M	$113.15M	$127.00M	$142.35M
Research & Development	$15.77M	$14.74M	$18.35M	$23.66M
Selling, General & Admin	$125.83M	$102.98M	$108.36M	$120.28M
Operating Expenses	$141.60M	$117.73M	$126.71M	$143.94M
Operating Income	-$21.01M	-$4.58M	$295.00K	-$1.59M
EBITDA	-$11.36M	$7.54M	$19.03M	$23.21M
Pretax Income	-$20.45M	$4.84M	$11.05M	$15.70M
Income Tax	$8.76M	$6.60M	$7.01M	$6.03M
Net Income	-$29.21M	-$1.76M	$4.04M	$9.67M
Diluted EPS	-0.42	-0.02	0.05	0.11
Diluted Shares	69.20M	75.19M	79.97M	86.89M

GDYN Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$256.73M	$257.23M	$334.65M	$342.06M
Receivables	$53.95M	$53.56M	$69.37M	$79.48M
Current Assets	$323.13M	$323.98M	$423.30M	$439.53M
Total Assets	$411.15M	$435.17M	$592.19M	$612.89M
Current Liabilities	$38.71M	$42.22M	$55.54M	$52.11M
Total Debt	$8.14M	$11.00M	$12.63M	$17.04M
Total Liabilities	$48.10M	$52.26M	$74.36M	$70.82M
Retained Earnings	-$14.12M	-$15.89M	-$11.85M	-$2.18M
Shareholders' Equity	$363.04M	$382.91M	$517.83M	$542.07M
Working Capital	$284.42M	$281.76M	$367.76M	$387.42M

GDYN Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$31.65M	$41.09M	$30.20M	$40.60M
Capital Expenditure	-$6.07M	-$7.87M	-$11.77M	-$15.33M
Free Cash Flow	$25.58M	$33.22M	$18.43M	$25.27M
Depreciation & Amortisation	$9.65M	$12.12M	$18.74M	$24.80M
Stock-Based Compensation	$60.97M	$35.52M	$34.17M	$30.34M
Investing Cash Flow	-$16.32M	-$25.95M	-$51.30M	-$15.14M
Financing Cash Flow	$97.76M	-$16.32M	$101.16M	-$19.94M
Share Repurchases	$0.00	$0.00	$0.00	-$2.00M
Net Change in Cash	$113.09M	-$1.18M	$80.06M	$5.53M

GDYN Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$100.42M	$101.09M	$104.16M	$106.15M	$104.10M
Cost of Revenue	$63.42M	$66.59M	$69.45M	$70.02M	$67.87M
Gross Profit	$37.00M	$34.50M	$34.71M	$36.14M	$36.23M
Research & Development	$6.49M	$6.74M	$5.76M	$4.68M	$6.08M
Selling, General & Admin	$32.55M	$27.88M	$29.19M	$30.66M	$33.83M
Operating Expenses	$39.03M	$34.63M	$34.95M	$35.33M	$39.91M
Operating Income	-$2.04M	-$123.00K	-$241.00K	$806.00K	-$3.68M
EBITDA	$3.92M	$6.01M	$6.08M	$7.19M	$2.83M
Pretax Income	$2.47M	$7.30M	$3.12M	$2.81M	-$440.00K
Income Tax	-$443.00K	$2.03M	$1.95M	$2.50M	$1.03M
Net Income	$2.91M	$5.27M	$1.18M	$306.00K	-$1.47M
Diluted EPS	0.03	0.06	0.01	0.00	-0.02
Diluted Shares	87.79M	86.45M	85.84M	86.44M	84.68M

GDYN Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$325.55M	$336.75M	$338.55M	$342.06M	$327.47M
Receivables	$81.68M	$77.73M	$82.90M	$79.48M	$87.42M
Current Assets	$421.68M	$433.02M	$440.67M	$439.53M	$432.24M
Total Assets	$590.90M	$608.91M	$613.17M	$612.89M	$605.02M
Current Liabilities	$58.20M	$58.72M	$57.78M	$52.11M	$54.87M
Total Debt	$11.58M	$15.28M	$13.65M	$17.04M	$17.42M
Total Liabilities	$73.54M	$76.69M	$75.45M	$70.82M	$74.90M
Retained Earnings	-$8.93M	-$3.66M	-$2.48M	-$2.18M	-$3.65M
Shareholders' Equity	$517.36M	$532.21M	$537.72M	$542.07M	$530.12M
Working Capital	$363.48M	$374.30M	$382.89M	$387.42M	$377.37M

GDYN Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$9.35M	$14.38M	$6.97M	$9.90M	$8.39M
Capital Expenditure	-$3.34M	-$4.17M	-$4.03M	-$3.80M	-$3.96M
Free Cash Flow	$6.01M	$10.21M	$2.95M	$6.10M	$4.43M
Depreciation & Amortisation	$5.96M	$6.14M	$6.33M	$6.39M	$6.51M
Stock-Based Compensation	$10.74M	$6.72M	$6.36M	$6.53M	$8.45M
Investing Cash Flow	-$3.34M	-$3.97M	-$4.03M	-$3.80M	-$3.96M
Financing Cash Flow	-$15.84M	-$1.02M	-$631.00K	-$2.45M	-$17.58M
Share Repurchases	$0.00	—	—	—	-$11.46M
Net Change in Cash	-$9.82M	$9.39M	$2.32M	$3.65M	-$13.15M

Market Snapshot

About

Grid Dynamics Holdings Inc. is a digital engineering and technology consulting firm that provides digital transformation services to Fortune 1000 companies. The company specializes in cloud computing, data analytics, artificial intelligence, and digital commerce solutions, helping enterprises modernize their technology infrastructure. Grid Dynamics delivers end-to-end services from strategy and architecture to implementation and support, with expertise in retail, finance, and technology sectors. The company operates global delivery centers and employs engineers with deep expertise in modern technology stacks and agile methodologies. Grid Dynamics partners with leading technology platforms and cloud providers to deliver scalable solutions for its enterprise clients.