Grid Dynamics Holdings, Inc. (GDYN)

Grid Dynamics Holdings Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	350.57	312.91	310.48	211.28	111.28
Revenue Growth (YoY)	12.04%	0.78%	46.95%	89.86%	-5.95%
Cost of Revenue	223.57	199.76	189.89	123.55	69.66
Gross Profit	127.01	113.15	120.59	87.73	41.62
Selling, General & Admin	110.76	99.64	114.2	78.32	46.25
Research & Development	18.35	14.74	15.77	8.46	9.31
Operating Expenses	129.11	114.38	129.98	86.78	55.56
Operating Income	-2.11	-1.23	-9.39	0.95	-13.94
Currency Exchange Gain (Loss)	-	-2.3	-1.5	-0.7	0.3
Other Non Operating Income (Expenses)	13.16	8.5	2.06	-0.82	-0.06
EBT Excluding Unusual Items	11.06	4.96	-8.83	-0.57	-13.7
Merger & Restructuring Charges	-	-2.49	-0.6	-0.9	-1.51
Other Unusual Items	-	2.36	-11.02	-0.99	-
Pretax Income	11.06	4.84	-20.45	-2.45	-15.21
Income Tax Expense	7.01	6.6	8.76	5.25	-2.61
Net Income	4.04	-1.77	-29.21	-7.7	-12.6
Net Income to Common	4.04	-1.77	-29.21	-7.7	-12.6
Shares Outstanding (Basic)	77	75	69	59	45
Shares Outstanding (Diluted)	80	75	69	59	45
Shares Change (YoY)	6.36%	8.67%	17.96%	31.13%	111.80%
EPS (Basic)	0.05	-0.02	-0.42	-0.13	-0.28
EPS (Diluted)	0.05	-0.02	-0.42	-0.13	-0.28
Free Cash Flow	18.43	33.22	25.58	13.26	3.68
Free Cash Flow Per Share	0.23	0.44	0.37	0.23	0.08
Gross Margin	36.23%	36.16%	38.84%	41.52%	37.40%
Operating Margin	-0.60%	-0.39%	-3.02%	0.45%	-12.52%
Profit Margin	1.15%	-0.56%	-9.41%	-3.64%	-11.32%
Free Cash Flow Margin	5.26%	10.62%	8.24%	6.27%	3.31%
EBITDA	12.12	7.69	-2.76	6	-11.26
EBITDA Margin	3.46%	2.46%	-0.89%	2.84%	-10.12%
D&A For EBITDA	14.23	8.93	6.63	5.05	2.67
EBIT	-2.11	-1.23	-9.39	0.95	-13.94
EBIT Margin	-0.60%	-0.39%	-3.02%	0.45%	-12.52%
Effective Tax Rate	63.45%	136.48%	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.