Grid Dynamics Holdings, Inc. (GDYN)
NASDAQ: GDYN · Real-Time Price · USD
7.75
+0.25 (3.33%)
Aug 18, 2026, 11:38 AM EDT - Market open

Grid Dynamics Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
422.58411.83350.57312.91310.48211.28
Revenue Growth
8.57%17.47%12.04%0.78%46.95%89.86%
Gross Profit
146.7142.35127.01113.15120.5987.73
Operating Income
5.82.613.34-1.23-9.390.95
Net Income
2.869.674.04-1.77-29.21-7.7
Earnings Per Share
0.030.110.05-0.02-0.42-0.13
EPS Growth
-82.31%120.00%----

Revenue by Geography

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
290.86289.14277.74238.16242.65167.45
United Kingdom
49.4645.1925.2631.8821.8910.57
Poland
14.7514.016.051.86--
Other
64.2163.4941.5241.0230.0618.66
Total
422.58411.83350.57312.91310.48211.28

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
298.43342.06334.66257.23256.73144.36
Total Debt
16.7117.0412.63118.14-
Net Cash (Debt)
281.72325.02322.03246.23248.59144.36
Net Cash Growth
-12.36%0.93%30.78%-0.95%72.19%28.04%
Net Cash Per Share
3.293.744.033.273.592.46

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
31.3640.630.241.0931.6517.97
Capital Expenditures
-15.36-15.33-11.77-7.87-6.07-4.72
Free Cash Flow
1625.2718.4333.2225.5813.26
Free Cash Flow Growth
-39.81%37.08%-44.52%29.86%92.98%260.25%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
34.72%34.56%36.23%36.16%38.84%41.52%
Operating Margin
1.37%0.63%0.95%-0.39%-3.02%0.45%
Pretax Margin
2.36%3.81%3.15%1.55%-6.59%-1.16%
Profit Margin
0.68%2.35%1.15%-0.56%-9.41%-3.64%
FCF Margin
3.79%6.13%5.26%10.62%8.24%6.28%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
228.0379.21459.16---
Forward PE
15.9921.1056.4240.1924.68109.93
P/FCF Ratio
38.0330.31100.6730.3332.45186.89
PS Ratio
1.441.865.293.222.6711.73