Grid Dynamics Holdings (GDYN) Financial Statements
Price: $13.81
Market Cap: $1.16B
Avg Volume: 796.48K
Market Cap: $1.16B
Avg Volume: 796.48K
Country: US
Industry: Information Technology Services
Sector: Technology
Industry: Information Technology Services
Sector: Technology
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Grid Dynamics Holdings.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $350.57M | $312.91M | $310.48M | $211.28M | $111.28M | $118.33M | $91.86M | $70.68M |
| Cost of Revenue | $223.57M | $199.76M | $189.89M | $123.55M | $69.66M | $70.09M | $52.56M | $40.64M |
| Gross Profit | $127.00M | $113.15M | $120.59M | $87.73M | $41.62M | $48.24M | $39.31M | $30.05M |
| Gross Profit Ratio | 36.23% | 36.16% | 38.84% | 41.52% | 37.40% | 40.77% | 42.79% | 42.51% |
| Research and Development Expenses | $18.35M | $14.74M | $15.77M | $8.46M | $9.31M | $4.35M | $2.64M | $1.98M |
| General and Administrative Expenses | $82.14M | $79.83M | $106.02M | $64.76M | $37.71M | $21.32M | $17.63M | $12.61M |
| Selling and Marketing Expenses | $28.62M | $24.15M | $19.81M | $14.46M | $10.05M | $6.95M | $5.20M | $2.35M |
| Selling General and Administrative Expenses | $110.76M | $103.98M | $125.83M | $79.22M | $47.76M | $28.27M | $22.83M | $14.96M |
| Other Expenses | $- | $- | $555.00K | $-2.50M | $236.00K | $-176.00K | $-746.00K | $1.00K |
| Operating Expenses | $129.11M | $118.73M | $141.60M | $87.68M | $57.07M | $32.61M | $25.48M | $16.94M |
| Cost and Expenses | $352.68M | $318.49M | $331.49M | $211.23M | $126.73M | $102.70M | $78.04M | $57.58M |
| Interest Income | $13.16M | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $- | $12.12M | $9.65M | $5.05M | $2.67M | $2.31M | $1.31M | $660.00K |
| EBITDA | $-2.10M | $7.69M | $-10.81M | $5.10M | $-12.54M | $17.94M | $15.14M | $15.64M |
| EBITDA Ratio | -0.60% | 2.46% | -3.48% | 2.41% | -11.27% | 15.16% | 16.48% | 22.13% |
| Operating Income | $-2.10M | $-5.58M | $-21.01M | $50.00K | $-15.45M | $15.62M | $13.83M | $13.11M |
| Operating Income Ratio | -0.60% | -1.78% | -6.77% | 0.02% | -13.88% | 13.21% | 15.05% | 18.54% |
| Total Other Income Expenses Net | $13.16M | $10.42M | $555.00K | $-2.50M | $236.00K | $-176.00K | $-746.00K | $1.00K |
| Income Before Tax | $11.05M | $4.84M | $-20.45M | $-2.45M | $-15.21M | $15.45M | $13.08M | $13.11M |
| Income Before Tax Ratio | 3.15% | 1.55% | -6.59% | -1.16% | -13.67% | 13.06% | 14.24% | 18.54% |
| Income Tax Expense | $7.01M | $6.60M | $8.76M | $5.25M | $-2.61M | $4.64M | $3.85M | $-76.00K |
| Net Income | $4.04M | $-1.76M | $-29.21M | $-7.70M | $-12.60M | $10.81M | $9.23M | $13.18M |
| Net Income Ratio | 1.15% | -0.56% | -9.41% | -3.64% | -11.32% | 9.13% | 10.05% | 18.65% |
| EPS | $0.05 | $-0.02 | $-0.42 | $-0.13 | $-0.28 | $0.49 | $0.18 | $0.26 |
| EPS Diluted | $0.05 | $-0.02 | $-0.42 | $-0.13 | $-0.28 | $0.49 | $0.18 | $0.26 |
| Weighted Average Shares Outstanding | 77.47M | 75.19M | 69.20M | 58.66M | 44.74M | 21.12M | 50.83M | 50.83M |
| Weighted Average Shares Outstanding Diluted | 79.97M | 75.19M | 69.20M | 58.66M | 44.74M | 21.12M | 50.83M | 50.83M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $334.65M | $257.23M | $256.73M | $144.36M | $112.75M | $42.19M | $17.86M | $10.36M |
| Short Term Investments | $- | $- | $- | $- | $- | $224.02M | $- | $- |
| Cash and Short Term Investments | $334.65M | $257.23M | $256.73M | $144.36M | $112.75M | $42.19M | $17.86M | $10.36M |
| Net Receivables | $69.37M | $53.56M | $53.95M | $43.31M | $18.69M | $18.93M | $17.32M | $12.31M |
| Inventory | $- | $1 | $4.29M | $584.00K | $821.00K | $2.19M | $429.00K | $1 |
| Other Current Assets | $19.28M | $13.19M | $12.45M | $5.09M | $3.18M | $4.90M | $2.04M | $6.31M |
| Total Current Assets | $423.30M | $323.98M | $323.13M | $192.76M | $134.62M | $66.02M | $37.22M | $28.98M |
| Property Plant Equipment Net | $26.13M | $21.80M | $15.91M | $6.17M | $4.09M | $4.02M | $3.17M | $1.25M |
| Goodwill | $83.41M | $53.87M | $45.51M | $35.96M | $14.69M | $- | $139.00K | $139.00K |
| Intangible Assets | $47.92M | $26.55M | $20.38M | $19.10M | $8.12M | $18.00K | $146.00K | $299.00K |
| Goodwill and Intangible Assets | $131.32M | $80.41M | $65.89M | $55.05M | $22.82M | $18.00K | $285.00K | $438.00K |
| Long Term Investments | $- | $1.30M | $1.00M | $61.22M | $26.91M | $-224.02M | $221.16M | $- |
| Tax Assets | $8.77M | $6.42M | $5.00M | $2.73M | $5.61M | $1.47M | $1.05M | $- |
| Other Non-Current Assets | $2.66M | $1.25M | $224.00K | $-61.22M | $-26.91M | $224.02M | $-221.16M | $483.00K |
| Total Non-Current Assets | $168.89M | $111.19M | $88.02M | $63.95M | $32.52M | $5.52M | $4.50M | $2.17M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $592.19M | $435.17M | $411.15M | $256.72M | $167.13M | $71.53M | $41.73M | $31.15M |
| Account Payables | $4.07M | $3.62M | $3.90M | $2.05M | $757.00K | $768.00K | $467.00K | $248.00K |
| Short Term Debt | $5.42M | $18.81M | $2.50M | $- | $- | $- | $- | $- |
| Tax Payables | $8.10M | $8.83M | $10.72M | $1.98M | $1.25M | $869.00K | $157.00K | $- |
| Deferred Revenue | $- | $1.33M | $1.88M | $798.00K | $731.00K | $242.00K | $342.00K | $- |
| Other Current Liabilities | $37.95M | $24.21M | $20.47M | $21.31M | $11.31M | $6.66M | $7.38M | $6.51M |
| Total Current Liabilities | $55.54M | $42.22M | $38.71M | $25.34M | $13.32M | $8.30M | $8.35M | $6.76M |
| Long Term Debt | $7.21M | $6.76M | $5.64M | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $-3.76M | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $8.91M | $3.27M | $3.76M | $4.32M | $2.09M | $- | $- | $- |
| Other Non-Current Liabilities | $2.70M | $- | $- | $- | $- | $9.19M | $- | $- |
| Total Non-Current Liabilities | $18.82M | $10.04M | $9.39M | $4.32M | $2.09M | $9.19M | $7.70M | $- |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $-7.70M | $- |
| Total Liabilities | $74.36M | $52.26M | $48.10M | $29.67M | $15.41M | $17.49M | $8.35M | $6.76M |
| Preferred Stock | $- | $- | $- | $- | $167.13M | $9.19M | $- | $- |
| Common Stock | $8.00K | $8.00K | $7.00K | $7.00K | $5.00K | $8.12M | $209.22M | $- |
| Retained Earnings | $-11.85M | $-15.89M | $-14.12M | $15.09M | $22.79M | $35.39M | $24.59M | $17.36M |
| Accumulated Other Comprehensive Income Loss | $-2.91M | $1.27M | $-848.00K | $-126.00K | $-4.00K | $-9.19M | $-2.67M | $- |
| Other Total Stockholders Equity | $532.58M | $397.51M | $378.01M | $212.08M | $128.93M | $18.65M | $-200.43M | $7.04M |
| Total Stockholders Equity | $517.83M | $382.91M | $363.04M | $227.05M | $151.73M | $54.04M | $33.38M | $24.39M |
| Total Equity | $517.83M | $382.91M | $363.04M | $227.05M | $151.73M | $54.04M | $33.38M | $24.39M |
| Total Liabilities and Stockholders Equity | $592.19M | $435.17M | $411.15M | $256.72M | $167.13M | $71.53M | $41.73M | $31.15M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $592.19M | $435.17M | $411.15M | $256.72M | $167.13M | $71.53M | $41.73M | $31.15M |
| Total Investments | $- | $1.30M | $1.00M | $61.22M | $26.91M | $224.02M | $221.16M | $- |
| Total Debt | $12.62M | $11.00M | $8.14M | $- | $- | $- | $- | $- |
| Net Debt | $-322.03M | $-246.23M | $-248.59M | $-144.36M | $-112.75M | $-42.19M | $-17.86M | $-10.36M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $4.04M | $-1.76M | $-29.21M | $-7.70M | $-12.60M | $10.81M | $9.23M | $13.18M |
| Depreciation and Amortization | $18.74M | $12.12M | $9.65M | $5.05M | $2.67M | $2.31M | $1.31M | $660.00K |
| Deferred Income Tax | $-4.03M | $-4.14M | $-3.63M | $2.61M | $-4.13M | $-425.00K | $-566.00K | $394.00K |
| Stock Based Compensation | $34.17M | $35.52M | $60.97M | $33.04M | $20.01M | $2.44M | $1.76M | $756.00K |
| Change in Working Capital | $-21.94M | $2.31M | $-6.32M | $-16.05M | $-410.00K | $-2.74M | $-1.15M | $-9.45M |
| Accounts Receivables | $-9.48M | $2.08M | $-8.74M | $-18.68M | $-1.42M | $-885.00K | $-1.40M | $-4.08M |
| Inventory | $- | $- | $- | $799.00K | $1.31M | $-1.70M | $- | $-5.71M |
| Accounts Payables | $-1.50M | $-538.00K | $1.73M | $957.00K | $-49.00K | $301.00K | $219.00K | $-92.00K |
| Other Working Capital | $-10.96M | $769.00K | $690.00K | $873.00K | $-255.00K | $-454.00K | $37.00K | $426.00K |
| Other Non Cash Items | $-770.00K | $-2.95M | $203.00K | $1.02M | $398.00K | $139.00K | $-1.16M | $-3.75M |
| Net Cash Provided by Operating Activities | $30.20M | $41.09M | $31.65M | $17.97M | $5.93M | $12.53M | $10.58M | $5.54M |
| Investments in Property Plant and Equipment | $-11.77M | $-7.87M | $-6.07M | $-4.72M | $-2.25M | $-2.81M | $-3.08M | $-1.06M |
| Acquisitions Net | $-43.07M | $-17.83M | $-9.25M | $-30.65M | $-16.09M | $- | $- | $- |
| Purchases of Investments | $- | $-250.00K | $-1.00M | $- | $- | $- | $-220.00M | $- |
| Sales Maturities of Investments | $3.58M | $- | $10.25M | $- | $- | $- | $- | $- |
| Other Investing Activities | $-44.00K | $- | $-10.25M | $- | $- | $1.81M | $- | $- |
| Net Cash Used for Investing Activities | $-51.30M | $-25.95M | $-16.32M | $-35.37M | $-18.34M | $-2.81M | $-3.08M | $-1.06M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $-1.92M |
| Common Stock Issued | $108.08M | $510.00K | $109.54M | $78.31M | $- | $14.90M | $221.31M | $- |
| Common Stock Repurchased | $- | $-16.83M | $- | $- | $-123.86M | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $-2.00M | $- | $-3.03M |
| Other Financing Activities | $-6.92M | $-16.32M | $-11.78M | $-29.18M | $206.83M | $1.70M | $- | $236.00K |
| Net Cash Used Provided by Financing Activities | $101.16M | $-16.32M | $97.76M | $49.13M | $82.97M | $14.60M | $221.31M | $-4.71M |
| Effect of Forex Changes on Cash | $-2.13M | $1.68M | $-722.00K | $-122.00K | $-4.00K | $- | $- | $- |
| Net Change in Cash | $77.93M | $498.00K | $112.36M | $31.62M | $70.56M | $24.33M | $7.50M | $-233.00K |
| Cash at End of Period | $335.15M | $257.23M | $256.73M | $144.36M | $112.75M | $42.19M | $17.86M | $10.36M |
| Cash at Beginning of Period | $257.23M | $256.73M | $144.36M | $112.75M | $42.19M | $17.86M | $10.36M | $10.59M |
| Operating Cash Flow | $30.20M | $41.09M | $31.65M | $17.97M | $5.93M | $12.53M | $10.58M | $5.54M |
| Capital Expenditure | $-11.77M | $-7.87M | $-6.07M | $-4.72M | $-2.25M | $-2.81M | $-3.08M | $-1.06M |
| Free Cash Flow | $18.43M | $33.22M | $25.58M | $13.26M | $3.68M | $9.72M | $7.50M | $4.48M |