Grid Dynamics Holdings, Inc. (GDYN)

Grid Dynamics Holdings Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	411.83	350.57	312.91	310.48	211.28
Revenue Growth (YoY)	17.47%	12.04%	0.78%	46.95%	89.86%
Cost of Revenue	269.48	223.57	199.76	189.89	123.55
Gross Profit	142.35	127.01	113.15	120.59	87.73
Selling, General & Admin	120.58	110.76	103.99	125.83	79.22
Research & Development	23.67	18.35	14.74	15.77	8.46
Total Operating Expenses	144.24	129.11	118.73	141.6	87.68
Operating Income	-1.9	-2.11	-5.58	-21.01	0.05
Total Non-Operating Income (Expense)	17.6	13.16	10.42	0.56	-2.5
Pretax Income	15.7	11.06	4.84	-20.45	-2.45
Provision for Income Taxes	6.03	7.01	6.6	8.76	5.25
Net Income	9.67	4.04	-1.77	-29.21	-7.7
Net Income to Common	9.67	4.04	-1.77	-29.21	-7.7
Net Income Growth	139.25%	-	-	-	-
Shares Outstanding (Basic)	85	77	75	69	59
Shares Outstanding (Diluted)	87	80	75	69	59
Shares Change (YoY)	8.65%	6.36%	8.67%	17.96%	31.13%
EPS (Basic)	0.11	0.05	-0.02	-0.42	-0.13
EPS (Diluted)	0.11	0.05	-0.02	-0.42	-0.13
EPS Growth	120.00%	-	-	-	-
Free Cash Flow	25.27	18.43	33.22	25.58	13.26
Free Cash Flow Growth	37.08%	-44.52%	29.86%	92.98%	260.25%
Free Cash Flow Per Share	0.29	0.23	0.44	0.37	0.23
Gross Margin	34.56%	36.23%	36.16%	38.84%	41.52%
Operating Margin	-0.46%	-0.60%	-1.78%	-6.77%	0.02%
Profit Margin	2.35%	1.15%	-0.56%	-9.41%	-3.64%
FCF Margin	6.14%	5.26%	10.62%	8.24%	6.27%
EBITDA	17.81	12.12	3.35	-14.38	5.1
EBITDA Margin	4.32%	3.46%	1.07%	-4.63%	2.41%
EBIT	-1.9	-2.11	-5.58	-21.01	0.05
EBIT Margin	-0.46%	-0.60%	-1.78%	-6.77%	0.02%
Effective Tax Rate	38.42%	63.45%	136.48%	-42.83%	-214.03%

Updated Mar 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q