Grid Dynamics Holdings, Inc. (GDYN)

Grid Dynamics Holdings Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	312.65	312.91	310.48	211.28	111.28	118.33
Revenue Growth (YoY)	-2.04%	0.78%	46.95%	89.86%	-5.95%	28.80%
Cost of Revenue	200.41	199.76	189.89	123.55	69.66	70.09
Gross Profit	112.24	113.15	120.59	87.73	41.62	48.24
Selling, General & Admin	102.46	103.99	125.83	79.22	47.76	28.27
Research & Development	14.91	14.74	15.77	8.46	9.31	4.35
Operating Expenses	117.37	118.73	141.6	87.68	57.07	32.61
Operating Income	-5.13	-5.58	-21.01	0.05	-15.45	15.63
Other Expense / Income	-11.26	-10.42	-0.56	2.5	-0.24	0.18
Pretax Income	6.13	4.84	-20.45	-2.45	-15.21	15.45
Income Tax	3.87	6.6	8.76	5.25	-2.61	4.64
Net Income	2.26	-1.77	-29.21	-7.7	-12.6	10.81
Net Income Growth	-	-	-	-	-	17.11%
Shares Outstanding (Basic)	76	75	69	59	45	21
Shares Outstanding (Diluted)	76	75	69	59	45	21
Shares Change	2.27%	8.67%	17.96%	31.13%	111.80%	4.48%
EPS (Basic)	0.03	-0.02	-0.42	-0.13	-0.28	0.49
EPS (Diluted)	0.03	-0.02	-0.42	-0.13	-0.28	0.49
EPS Growth	-	-	-	-	-	6.52%
Free Cash Flow	23.18	33.22	25.58	13.26	3.68	9.72
Free Cash Flow Per Share	0.30	0.44	0.37	0.23	0.08	0.46
Gross Margin	35.90%	36.16%	38.84%	41.52%	37.40%	40.77%
Operating Margin	-1.64%	-1.78%	-6.77%	0.02%	-13.88%	13.21%
Profit Margin	0.72%	-0.56%	-9.41%	-3.64%	-11.32%	9.13%
Free Cash Flow Margin	7.41%	10.62%	8.24%	6.27%	3.31%	8.22%
Effective Tax Rate	63.19%	136.48%	-	-	-	30.05%
EBITDA	19.87	16.96	-10.81	2.6	-12.54	17.76
EBITDA Margin	6.35%	5.42%	-3.48%	1.23%	-11.27%	15.01%
Depreciation & Amortization	13.74	12.12	9.65	5.05	2.67	2.31
EBIT	6.13	4.84	-20.45	-2.45	-15.21	15.45
EBIT Margin	1.96%	1.55%	-6.59%	-1.16%	-13.67%	13.06%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).