Grid Dynamics Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	415.51	411.83	350.57	312.91	310.48	211.28
Revenue Growth (YoY)	11.95%	17.47%	12.04%	0.78%	46.95%	89.86%
Cost of Revenue	273.93	269.48	223.57	199.76	189.89	123.55
Gross Profit	141.58	142.35	127.01	113.15	120.59	87.73
Selling, General & Admin	121.86	120.58	110.76	103.99	125.83	79.22
Research & Development	23.26	23.67	18.35	14.74	15.77	8.46
Total Operating Expenses	145.12	144.24	129.11	118.73	141.6	87.68
Operating Income	-3.54	-1.9	-2.11	-5.58	-21.01	0.05
Total Non-Operating Income (Expense)	16.33	17.6	13.16	10.42	0.56	-2.5
Pretax Income	12.79	15.7	11.06	4.84	-20.45	-2.45
Provision for Income Taxes	7.51	6.03	7.01	6.6	8.76	5.25
Net Income	5.28	9.67	4.04	-1.77	-29.21	-7.7
Net Income to Common	5.28	9.67	4.04	-1.77	-29.21	-7.7
Net Income Growth	-51.54%	139.25%	-	-	-	-
Shares Outstanding (Basic)	85	85	77	75	69	59
Shares Outstanding (Diluted)	86	87	80	75	69	59
Shares Change (YoY)	5.01%	8.65%	6.36%	8.67%	17.96%	31.13%
EPS (Basic)	0.05	0.11	0.05	-0.02	-0.42	-0.13
EPS (Diluted)	0.05	0.11	0.05	-0.02	-0.42	-0.13
EPS Growth	-58.33%	120.00%	-	-	-	-
Shares Outstanding	83.57	84.64	83.61	75.89	74.16	66.85
Free Cash Flow	23.69	25.27	18.43	33.22	25.58	13.26
Free Cash Flow Growth	-6.26%	37.08%	-44.52%	29.86%	92.98%	260.25%
Free Cash Flow Per Share	0.28	0.29	0.23	0.44	0.37	0.23
Gross Margin	34.07%	34.56%	36.23%	36.16%	38.84%	41.52%
Operating Margin	-0.85%	-0.46%	-0.60%	-1.78%	-6.77%	0.02%
Profit Margin	1.27%	2.35%	1.15%	-0.56%	-9.41%	-3.64%
FCF Margin	5.70%	6.14%	5.26%	10.62%	8.24%	6.27%
EBITDA	16.65	17.81	12.12	3.35	-14.38	5.1
EBITDA Margin	4.01%	4.32%	3.46%	1.07%	-4.63%	2.41%
EBIT	-3.54	-1.9	-2.11	-5.58	-21.01	0.05
EBIT Margin	-0.85%	-0.46%	-0.60%	-1.78%	-6.77%	0.02%
Effective Tax Rate	58.70%	38.42%	63.45%	136.48%	-42.83%	-214.03%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q