Grid Dynamics Holdings, Inc. (GDYN)

Grid Dynamics Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	371.17	350.57	312.91	310.48	211.28	111.28
Revenue Growth (YoY)	18.72%	12.04%	0.78%	46.95%	89.86%	-5.95%
Cost of Revenue	234.83	223.57	199.76	189.89	123.55	69.66
Gross Profit	136.34	127.01	113.15	120.59	87.73	41.62
Selling, General & Admin	109.26	105.32	99.64	114.2	78.32	46.25
Research & Development	20.46	18.35	14.74	15.77	8.46	9.31
Operating Expenses	129.72	123.67	114.38	129.98	86.78	55.56
Operating Income	6.62	3.34	-1.23	-9.39	0.95	-13.94
Currency Exchange Gain (Loss)	-1	-1	-2.3	-1.5	-0.7	0.3
Other Non Operating Income (Expenses)	14.43	14.16	8.52	2.06	-0.82	-0.06
EBT Excluding Unusual Items	20.05	16.5	4.98	-8.83	-0.57	-13.7
Merger & Restructuring Charges	-3.59	-3.81	-2.49	-0.6	-0.9	-1.51
Other Unusual Items	0.08	-1.63	2.34	-11.02	-0.99	-
Pretax Income	16.54	11.06	4.84	-20.45	-2.45	-15.21
Income Tax Expense	5.64	7.01	6.6	8.76	5.25	-2.61
Net Income	10.9	4.04	-1.77	-29.21	-7.7	-12.6
Net Income to Common	10.9	4.04	-1.77	-29.21	-7.7	-12.6
Net Income Growth	382.99%	-	-	-	-	-
Shares Outstanding (Basic)	79	77	75	69	59	45
Shares Outstanding (Diluted)	83	80	75	69	59	45
Shares Change (YoY)	9.61%	6.36%	8.67%	17.96%	31.13%	111.80%
EPS (Basic)	0.14	0.05	-0.02	-0.42	-0.13	-0.28
EPS (Diluted)	0.13	0.05	-0.02	-0.42	-0.13	-0.28
EPS Growth	322.00%	-	-	-	-	-
Free Cash Flow	24.4	18.43	33.22	25.58	13.26	3.68
Free Cash Flow Per Share	0.29	0.23	0.44	0.37	0.23	0.08
Gross Margin	36.73%	36.23%	36.16%	38.84%	41.52%	37.40%
Operating Margin	1.78%	0.95%	-0.39%	-3.02%	0.45%	-12.52%
Profit Margin	2.94%	1.15%	-0.56%	-9.41%	-3.64%	-11.32%
Free Cash Flow Margin	6.57%	5.26%	10.62%	8.24%	6.28%	3.31%
EBITDA	22.65	17.56	7.69	-2.76	6	-11.26
EBITDA Margin	6.10%	5.01%	2.46%	-0.89%	2.84%	-10.12%
D&A For EBITDA	16.03	14.23	8.93	6.63	5.05	2.67
EBIT	6.62	3.34	-1.23	-9.39	0.95	-13.94
EBIT Margin	1.78%	0.95%	-0.39%	-3.02%	0.45%	-12.52%
Effective Tax Rate	34.10%	63.45%	136.48%	-	-	-

Updated May 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q