Grid Dynamics Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	312.91	310.48	211.28	111.28	118.33	91.87
Revenue Growth (YoY)	0.78%	46.95%	89.86%	-5.95%	28.80%	-
Cost of Revenue	199.76	189.89	123.55	69.66	70.09	52.56
Gross Profit	113.15	120.59	87.73	41.62	48.24	39.31
Selling, General & Admin	103.99	125.83	79.22	47.76	28.27	22.83
Research & Development	14.74	15.77	8.46	9.31	4.35	2.64
Operating Expenses	118.73	141.6	87.68	57.07	32.61	25.48
Operating Income	-5.58	-21.01	0.05	-15.45	15.63	13.83
Other Expense / Income	-10.42	-0.56	2.5	-0.24	0.18	0.75
Pretax Income	4.84	-20.45	-2.45	-15.21	15.45	13.08
Income Tax	6.6	8.76	5.25	-2.61	4.64	3.86
Net Income	-1.77	-29.21	-7.7	-12.6	10.81	9.23
Net Income Growth	-	-	-	-	17.11%	-
Shares Outstanding (Basic)	75	69	59	45	21	20
Shares Outstanding (Diluted)	75	69	59	45	21	20
Shares Change	8.67%	17.96%	31.13%	111.80%	4.48%	-
EPS (Basic)	-0.02	-0.42	-0.13	-0.28	0.49	0.46
EPS (Diluted)	-0.02	-0.42	-0.13	-0.28	0.49	0.46
EPS Growth	-	-	-	-	6.52%	-
Free Cash Flow	33.22	25.58	13.26	3.68	9.72	7.51
Free Cash Flow Per Share	0.44	0.37	0.23	0.08	0.46	0.37
Gross Margin	36.16%	38.84%	41.52%	37.40%	40.77%	42.79%
Operating Margin	-1.78%	-6.77%	0.02%	-13.88%	13.21%	15.05%
Profit Margin	-0.56%	-9.41%	-3.64%	-11.32%	9.13%	10.05%
Free Cash Flow Margin	10.62%	8.24%	6.27%	3.31%	8.22%	8.17%
Effective Tax Rate	136.48%	-	-	-	30.05%	29.47%
EBITDA	16.96	-10.81	2.6	-12.54	17.76	14.4
EBITDA Margin	5.42%	-3.48%	1.23%	-11.27%	15.01%	15.67%
Depreciation & Amortization	12.12	9.65	5.05	2.67	2.31	1.31
EBIT	4.84	-20.45	-2.45	-15.21	15.45	13.08
EBIT Margin	1.55%	-6.59%	-1.16%	-13.67%	13.06%	14.24%

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).