Grid Dynamics Holdings, Inc. (GDYN) — Financial statements
Income statement, balance sheet, and cash flow for Grid Dynamics Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 412↑17.5% | 351↑12.0% | 313↑0.8% | 310↑47.0% | 211 | |
| Cost of Revenue | 269↑20.5% | 224↑11.9% | 200↑5.2% | 190↑53.7% | 124 | |
| Gross Profit | 142↑12.1% | 127↑12.2% | 113↓6.2% | 121↑37.5% | 88 | |
| Operating Expenses | ||||||
| R&D Expenses | 24↑29.0% | 18↑24.5% | 15↓6.5% | 16↑86.5% | 8 | |
| General & Administrative Expenses | 91↑10.2% | 82↑2.9% | 80↓24.7% | 106↑63.7% | 65 | |
| Selling & Marketing Expenses | 30↑4.9% | 29↑18.5% | 24↑21.9% | 20↑37.0% | 14 | |
| SG&A Expenses | 121↑8.9% | 111↑6.5% | 104↓17.4% | 126↑58.8% | 79 | |
| Other Expenses | -4 | 0.00 | 0.00↓100.0% | 0.56 | 0.00 | |
| Operating Expenses | 140↑8.5% | 129↑8.7% | 119↓16.2% | 142↑61.5% | 88 | |
| Total Costs & Expenses | 410↑16.1% | 353↑10.7% | 318↓3.9% | 331↑56.9% | 211 | |
| Operating Results | ||||||
| Operating Income | 2↑209.9% | -2↑62.3% | -6↑73.4% | -21↓42116.0% | 0.05 | |
| Depreciation & Amortization | 25↑32.4% | 19↑54.6% | 12↑25.6% | 10↑91.1% | 5 | |
| EBITDA | 27↑63.0% | 17↑154.4% | 7↑157.5% | -11↓322.8% | 5 | |
| EBIT | 2↑209.9% | -2↑62.3% | -6↑73.4% | -21↓42116.0% | 0.05 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00↓100.0% | 13 | 0.00 | 0.00 | 0.00 | |
| Interest Income | 0.00↓100.0% | 13 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 13↑1.7% | 13↑26.3% | 10↑1777.1% | 0.56↑122.2% | -3 | |
| Income Before Tax | 16↑42.0% | 11↑128.5% | 5↑123.7% | -20↓734.1% | -2 | |
| Income Tax Expense | 6↓14.0% | 7↑6.2% | 7↓24.6% | 9↑66.9% | 5 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 10↑139.2% | 4↑329.0% | -2↑94.0% | -29↓279.4% | -8 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 10↑139.2% | 4↑329.0% | -2↑94.0% | -29↓279.4% | -8 | |
| Bottom-Line Net Income | 10↑139.2% | 4↑329.0% | -2↑94.0% | -29↓279.4% | -8 | |
| EPS (Basic) | 0.11↑110.7% | 0.05↑322.1% | -0.02↑94.4% | -0.42↓223.1% | -0.13 | |
| EPS (Diluted) | 0.11↑117.8% | 0.05↑314.9% | -0.02↑94.4% | -0.42↓223.1% | -0.13 | |
| Weighted Average Shares | 85↑9.1% | 77↑3.0% | 75↑8.7% | 69↑18.0% | 59 | |
| Weighted Average Diluted Shares | 87↑8.7% | 80↑6.4% | 75↑8.7% | 69↑18.0% | 59 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.