Grid Dynamics Holdings, Inc.
GDYN- Exchange
- Nasdaq
- Industry
- Services-Prepackaged Software
- SEC CIK
- 0001743725
In the last 90 days, Grid Dynamics Holdings, Inc. insiders filed 0 open-market purchases and 11 sales; 198 institutions reported holding it in 13F filings for Q2 2026, worth $352.9M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 31, 2026, 1:14 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net income for FY2025: $9.67M (2.3% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 5, 2026 | Feb 20, 2025 | Feb 22, 2024 | Feb 23, 2023 | Mar 3, 2022 |
| Revenue | $411.8M | $350.6M | $312.9M | $310.5M | $211.3M |
| Cost of revenue | $269.5M | $223.6M | $199.8M | $189.9M | $123.6M |
| Gross profit | $142.3M | $127.0M | $113.1M | $120.6M | $87.7M |
| Operating expenses | $144.2M | $129.1M | $118.7M | $141.6M | $87.7M |
| Research and development | $23.7M | $18.3M | $14.7M | $15.8M | $8.46M |
| Selling, general and administrative | $90.5M | $82.1M | $79.8M | $106.0M | $64.8M |
| Operating income | -$1.90M | -$2.10M | -$5.58M | -$21.0M | $50.0K |
| Income tax | $6.03M | $7.01M | $6.60M | $8.76M | $5.25M |
| Net income | $9.67M | $4.04M | -$1.76M | -$29.2M | -$7.70M |
| EPS, basic | $0.11 | $0.05 | $-0.02 | $-0.42 | $-0.13 |
| EPS, diluted | $0.11 | $0.05 | $-0.02 | $-0.42 | $-0.13 |
| Weighted shares, basic | 84.5M | 77.5M | 75.2M | 69.2M | 58.7M |
| Weighted shares, diluted | 86.9M | 80.0M | 75.2M | 69.2M | 58.7M |
| Margins and growth | |||||
| Gross margin | 34.6% | 36.2% | 36.2% | 38.8% | 41.5% |
| Operating margin | -0.5% | -0.6% | -1.8% | -6.8% | 0.0% |
| Net margin | 2.3% | 1.2% | -0.6% | -9.4% | -3.6% |
| Revenue growth, year over year | +17.5% | +12.0% | +0.8% | +47.0% | +89.9% |
| Net income growth, year over year | +139.2% | – | – | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 5, 2026 | Feb 20, 2025 | Feb 22, 2024 | Feb 23, 2023 | Mar 3, 2022 |
| Cash and equivalents | $342.1M | $334.7M | $257.2M | $256.7M | $144.4M |
| Accounts receivable | $79.5M | $69.4M | $49.8M | $48.4M | $38.8M |
| Total current assets | $439.5M | $423.3M | $324.0M | $323.1M | $192.8M |
| Property, plant and equipment | $17.7M | $14.0M | $11.4M | $8.21M | $6.17M |
| Goodwill | $84.4M | $83.4M | $53.9M | $45.5M | $36.0M |
| Intangible assets | $41.6M | $47.9M | $26.5M | $20.4M | $19.1M |
| Total assets | $612.9M | $592.2M | $435.2M | $411.1M | $256.7M |
| Accounts payable | $3.70M | $4.07M | $3.62M | $3.90M | $2.05M |
| Total current liabilities | $52.1M | $55.5M | $42.2M | $38.7M | $25.3M |
| Total liabilities | $70.8M | $74.4M | $52.3M | $48.1M | $29.7M |
| Shareholders' equity | $542.1M | $517.8M | $382.9M | $363.0M | $227.1M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 5, 2026 | Feb 20, 2025 | Feb 22, 2024 | Feb 23, 2023 | Mar 3, 2022 |
| Operating cash flow | $40.6M | $30.2M | $41.1M | $31.7M | $18.0M |
| Capital expenditures | $15.3M | $11.8M | $7.87M | $6.07M | $4.72M |
| Free cash flow | $25.3M | $18.4M | $33.2M | $25.6M | $13.3M |
| Depreciation and amortization | $19.7M | $14.2M | $8.93M | $6.63M | $5.05M |
| Stock-based compensation | $30.3M | $34.2M | $35.5M | $61.0M | $33.0M |
| Dividends paid | – | – | – | – | $0 |
| Share buybacks | $2.00M | – | – | $0 | $0 |
| Investing cash flow | -$15.1M | -$51.3M | -$25.9M | -$16.3M | -$35.4M |
| Financing cash flow | -$19.9M | $101.2M | -$16.3M | $97.8M | $49.1M |
| Net change in cash | $6.90M | $77.9M | $498.0K | $112.4M | $31.6M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 7.4% | 9.7% | 11.4% | 19.6% | 15.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 23, 2026 | 80.4M | −5.2% | SEC |
| Jul 24, 2026 | 81.1M | −4.2% | SEC |
| Apr 24, 2026 | 83.6M | −1.1% | SEC |
| Feb 27, 2026 | 85.4M | +1.8% | SEC |
| Oct 27, 2025 | 84.8M | +10.4% | SEC |
| Jul 25, 2025 | 84.7M | +10.4% | SEC |
| Apr 25, 2025 | 84.5M | +10.5% | SEC |
| Feb 17, 2025 | 83.8M | +10.4% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.