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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	389.23	350.57	312.91	310.48	211.28	111.28
Revenue Growth (YoY)	22.27%	12.04%	0.78%	46.95%	89.86%	-5.95%
Cost of Revenue	247.95	223.57	199.76	189.89	123.55	69.66
Gross Profit	141.28	127.01	113.15	120.59	87.73	41.62
Selling, General & Admin	111.53	105.32	99.64	114.2	78.32	46.25
Research & Development	23.08	18.35	14.74	15.77	8.46	9.31
Operating Expenses	134.6	123.67	114.38	129.98	86.78	55.56
Operating Income	6.67	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)	27.25	14.16	8.52	2.06	-0.82	-0.06
EBT Excluding Unusual Items	32.92	16.5	4.98	-8.83	-0.57	-13.7
Merger & Restructuring Charges	-3.81	-3.81	-2.49	-0.6	-0.9	-1.51
Other Unusual Items	-7.98	-1.63	2.34	-11.02	-0.99	-
Pretax Income	21.14	11.06	4.84	-20.45	-2.45	-15.21
Income Tax Expense	4.15	7.01	6.6	8.76	5.25	-2.61
Net Income	16.99	4.04	-1.77	-29.21	-7.7	-12.6
Net Income to Common	16.99	4.04	-1.77	-29.21	-7.7	-12.6
Shares Outstanding (Basic)	81	77	75	69	59	45
Shares Outstanding (Diluted)	85	80	75	69	59	45
Shares Change (YoY)	12.36%	6.36%	8.67%	17.96%	31.13%	111.80%
EPS (Basic)	0.21	0.05	-0.02	-0.42	-0.13	-0.28
EPS (Diluted)	0.19	0.05	-0.02	-0.42	-0.13	-0.28
Free Cash Flow	26.58	18.43	33.22	25.58	13.26	3.68
Free Cash Flow Per Share	0.31	0.23	0.44	0.37	0.23	0.08
Gross Margin	36.30%	36.23%	36.16%	38.84%	41.52%	37.40%
Operating Margin	1.71%	0.95%	-0.39%	-3.02%	0.45%	-12.52%
Profit Margin	4.37%	1.15%	-0.56%	-9.41%	-3.64%	-11.32%
Free Cash Flow Margin	6.83%	5.26%	10.62%	8.24%	6.28%	3.31%
EBITDA	24.37	17.56	7.69	-2.76	6	-11.26
EBITDA Margin	6.26%	5.01%	2.46%	-0.89%	2.84%	-10.12%
D&A For EBITDA	17.69	14.23	8.93	6.63	5.05	2.67
EBIT	6.67	3.34	-1.23	-9.39	0.95	-13.94
EBIT Margin	1.71%	0.95%	-0.39%	-3.02%	0.45%	-12.52%
Effective Tax Rate	19.61%	63.45%	136.48%	-	-	-

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q