GRID DYNAMICS HOLDINGS, INC. (GDYN)
Grid Dynamics Holdings, Inc., along with its affiliated entities, specializes in delivering comprehensive digital transformation services. The company provides expertise in crucial areas such as advanced search capabilities, data analytics, and automated release processes. Its clientele primarily consists of Fortune 1000 organizations across North America, Europe, and various international markets. Grid Dynamics collaborates closely with these major corporations, guiding their digital transformation journeys from strategic planning and early-stage prototype development through to the full-scale implementation of innovative digital platforms. Their service portfolio is extensive, encompassing technical advisory, software design and development, quality assurance testing, and ongoing internet service operations. The firm supports a diverse array of sectors, including retail, technology and telecommunications, media, consumer packaged goods (CPG) and manufacturing, and financial services, among others. Originally established in 2006, the company was formerly known as ChaSerg Technology Acquisition Corp. before adopting its current name. Grid Dynamics maintains its headquarters in San Ramon, California.
Sector: Services-Prepackaged Software
Industry: Information Technology Services
Grid Dynamics Holdings, Inc.
NASDAQ:GDYNTechnology · Information Technology Services
+2.84%$13.75
CLOSED · Nov 4Prev close$13.37+2.84%Close$13.75-0.32%AH close$13.71
AH$13.71-0.32%vs close
Mkt Cap$1.11B
Float62.61M
O/S80.37M
VOL1.85M sh
$ Vol$25.2M
RVOL1.09×
Inst Own77.2%
SI5.9%
Dilution
Financials Summary
Revenue$411.83M
Net Income$9.67M
Total Assets$612.89M
Free Cash Flow$25.27M
Debt & Equity
Debt 3%
Equity 97%
Total Debt$17.04M
Total Equity$542.07M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GDYN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$612.89M
Liabilities$70.82M
Accounts Receivable$79.48M
Accounts Payable$3.7M
Inventory$0
PP&E (Net)$34.05M
Goodwill$84.36M
Intangible Assets$41.61M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $411.83M | $350.57M | $312.91M | $310.48M | $211.28M | $111.28M | $118.33M | $91.86M | $70.68M |
| YoY Growth | 17.5% | 12.0% | 0.8% | 47.0% | 89.9% | -6.0% | 28.8% | 30.0% | - |
| Cost of Revenue | $269.48M | $223.57M | $199.76M | $189.89M | $123.55M | $69.66M | $70.09M | $52.56M | $40.64M |
| Gross Profit | $142.35M | $127M | $113.15M | $120.59M | $87.73M | $41.62M | $48.24M | $39.31M | $30.05M |
| Gross Margin | 34.6% | 36.2% | 36.2% | 38.8% | 41.5% | 37.4% | 40.8% | 42.8% | 42.5% |
| Research and Development | $23.66M | $18.35M | $14.74M | $15.77M | $8.46M | $9.31M | $4.35M | $2.64M | $1.98M |
| Selling, General, and Administrative | $120.28M | $110.76M | $103.98M | $125.83M | $79.22M | $47.76M | $23.46M | $22.83M | $14.96M |
| Other | $0 | $0 | $0 | $555K | $0 | $236K | $4.8M | $0 | $1K |
| Total Operating Expenses | $143.94M | $129.11M | $118.73M | $141.6M | $87.68M | $57.07M | $32.61M | $25.48M | $16.94M |
| Operating Income (EBIT) | -$1.59M | -$2.1M | -$5.58M | -$21.01M | $50K | -$15.45M | $15.63M | $13.83M | $13.11M |
| Operating Margin | -0.4% | -0.6% | -1.8% | -6.8% | 0.0% | -13.9% | 13.2% | 15.1% | 18.5% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $17.6M | $13.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $17.3M | $13.16M | $10.42M | $555K | -$2.5M | $236K | -$176K | -$746K | $1K |
| Income Before Tax (EBT) | $15.7M | $11.05M | $4.84M | -$20.45M | -$2.45M | -$15.21M | $15.45M | $13.08M | $13.11M |
| Income Tax Expense | $6.03M | $7.01M | $6.6M | $8.76M | $5.25M | -$2.61M | $4.64M | $3.85M | -$76K |
| Net Income | $9.67M | $4.04M | -$1.76M | -$29.21M | -$7.7M | -$12.6M | $10.81M | $9.23M | $13.18M |
| Net Income Margin | 2.3% | 1.2% | -0.6% | -9.4% | -3.6% | -11.3% | 9.1% | 10.0% | 18.7% |
| Supplementary Data | |||||||||
| EPS | 0.11 | 0.05 | -0.02 | -0.42 | -0.13 | -0.28 | 0.22 | 0.18 | 2.40 |
| Diluted EPS | 0.11 | 0.05 | -0.02 | -0.42 | -0.13 | -0.28 | 0.22 | 0.18 | 2.40 |
| Weighted Average OS | 84.54M | 77.47M | 75.19M | 69.20M | 58.66M | 44.74M | 50.23M | 50.83M | 5.50M |
| EBITDA | $23.21M | $29.79M | $16.96M | -$10.81M | $2.6M | -$12.78M | $17.94M | $15.14M | $15.64M |
| EBITDA Margin | 5.6% | 8.5% | 5.4% | -3.5% | 1.2% | -11.5% | 15.2% | 16.5% | 22.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $342.06M | $334.65M | $257.23M | $256.73M | $144.36M | $112.75M | $42.19M | $17.86M | $10.36M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $342.06M | $334.65M | $257.23M | $256.73M | $144.36M | $112.75M | $42.19M | $17.86M | $10.36M |
| Accounts Receivable | $79.48M | $69.37M | $53.56M | $53.95M | $44.24M | $18.69M | $18.93M | $17.32M | $12.31M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $429K | $0 |
| Other Current Assets | $17.99M | $19.28M | $9.2M | $8.15M | $1.04M | $2.36M | $4.59M | $1.61M | $6.31M |
| Total Current Assets | $439.53M | $423.3M | $323.98M | $323.13M | $192.76M | $134.62M | $66.02M | $37.22M | $28.98M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $34.05M | $26.13M | $21.8M | $15.91M | $6.17M | $4.09M | $4.02M | $3.17M | $1.25M |
| Goodwill | $84.36M | $83.41M | $53.87M | $45.51M | $35.96M | $0 | $0 | $139K | $139K |
| Intangible Assets | $41.61M | $47.92M | $26.55M | $20.38M | $19.1M | $22.82M | $18K | $146K | $299K |
| Long-Term Investments | $1.25M | $0 | $1.3M | $1M | $0 | $0 | $0 | $221.16M | $0 |
| Deferred Tax Assets | $8.87M | $8.77M | $6.42M | $5M | $2.73M | $5.61M | $1.47M | $1.05M | $0 |
| Other Long-Term Assets | $3.22M | $2.66M | $1.25M | $224K | -$1 | $0 | $0 | -$221.16M | $483K |
| Total Long-Term Assets | $173.36M | $168.89M | $111.19M | $88.02M | $63.95M | $32.52M | $5.52M | $4.5M | $2.17M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $612.89M | $592.19M | $435.17M | $411.15M | $256.72M | $167.13M | $71.53M | $41.73M | $31.15M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $3.7M | $4.07M | $3.62M | $3.9M | $2.05M | $757K | $768K | $467K | $248K |
| Short-Term Debt | $0 | $0 | $0 | $2.5M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $8.1M | $8.83M | $10.72M | $3.25M | $1.25M | $869K | $157K | $0 |
| Current Unearned Revenue | $1.47M | $2.69M | $1.33M | $1.12M | $1.21M | $0 | $0 | $342K | $0 |
| Other Current Liabilities | $12.98M | $23.12M | $20.27M | $7.4M | $11.16M | $3.83M | $5.47M | $4.69M | $6.51M |
| Total Current Liabilities | $52.11M | $55.54M | $42.22M | $38.71M | $25.34M | $13.32M | $8.3M | $8.35M | $6.76M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $7.92M | $8.91M | $3.27M | $3.76M | $4.32M | $2.09M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $2.7M | $0 | $0 | $0 | $0 | $9.19M | $0 | $0 |
| Total Long-Term Liabilities | $18.7M | $18.82M | $10.04M | $9.39M | $4.32M | $2.09M | $9.19M | $7.7M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.7M | $0 |
| Total Liabilities | $70.82M | $74.36M | $52.26M | $48.1M | $29.67M | $15.41M | $17.49M | $8.35M | $6.76M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $8K | $8K | $8K | $7K | $7K | $5K | $2K | $209.22M | $0 |
| Retained Earnings | -$2.18M | -$11.85M | -$15.89M | -$14.12M | $15.09M | $22.79M | $35.39M | $24.59M | $17.36M |
| Comprehensive Income & Other | $1.05M | -$2.91M | $1.27M | -$848K | -$126K | -$4K | $0 | -$2.67M | $0 |
| Other Stockholders' Equity | $544.24M | $529.67M | $398.79M | $377.16M | $211.95M | $128.93M | $18.65M | -$200.43M | $7.04M |
| Total Equity | $542.07M | $517.83M | $382.91M | $363.04M | $227.05M | $151.72M | $54.04M | $33.38M | $24.39M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $612.89M | $592.19M | $435.17M | $411.15M | $256.72M | $167.13M | $71.53M | $41.73M | $31.15M |
| Supplementary Data | |||||||||
| Total Debt | $17.04M | $12.63M | $11M | $8.14M | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$325.02M | -$322.03M | -$246.23M | -$248.59M | -$144.36M | -$112.75M | -$42.19M | -$17.86M | -$10.36M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | $9.67M | $4.04M | -$1.76M | -$29.21M | -$7.7M | -$12.6M | $10.81M | $9.23M | $13.18M |
| Depreciation & Amortization | $24.8M | $18.74M | $12.12M | $9.65M | $5.05M | $2.67M | $2.31M | $1.31M | $660K |
| Deferred Income Tax | -$1.34M | -$4.03M | -$4.14M | -$3.63M | $2.61M | -$4.13M | -$425K | -$566K | $394K |
| Stock-Based Compensation | $30.34M | $34.17M | $35.52M | $60.97M | $33.04M | $20.01M | $2.44M | $1.76M | $756K |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$11.14M | -$9.48M | $2.08M | -$8.74M | -$18.68M | -$1.42M | -$1.61M | -$1.4M | -$4.08M |
| Inventory | $0 | $0 | $0 | $0 | $799K | $1.31M | $0 | $0 | -$5.71M |
| Accounts Payable | -$378K | -$1.5M | -$538K | $1.73M | $957K | -$49K | $301K | $219K | -$92K |
| Other Working Capital | -$5.46M | -$10.96M | $769K | $690K | $873K | -$255K | -$1.43M | $37K | $426K |
| Total Working Capital Change | -$16.98M | -$21.94M | $2.31M | -$6.32M | -$16.05M | -$410K | -$2.74M | -$1.15M | -$9.45M |
| Other Non-Cash Items | -$5.89M | -$770K | -$2.95M | $203K | $1.02M | $398K | $139K | -$1.16M | -$3.75M |
| Net Cash from Operating | $40.6M | $30.2M | $41.09M | $31.65M | $17.97M | $5.93M | $12.53M | $10.58M | $5.54M |
| Investing Activities | |||||||||
| Capital Expenditures | -$15.33M | -$11.77M | -$7.87M | -$6.07M | -$4.72M | -$2.25M | -$2.81M | -$3.08M | -$1.06M |
| Acquisitions | $198K | -$43.07M | -$17.83M | -$9.25M | -$30.65M | -$16.09M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$250K | -$1M | $0 | $0 | $0 | -$220M | $0 |
| Sales of Investments | $0 | $3.58M | $0 | $10.25M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$44K | $0 | -$10.25M | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$15.14M | -$51.3M | -$25.95M | -$16.32M | -$35.37M | -$18.34M | -$2.81M | -$3.08M | -$1.06M |
| Financing Activities | |||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $469K | $108.08M | $510K | $109.54M | $78.31M | $0 | $14.9M | $221.31M | $0 |
| Common Stock Repurchases | -$2M | $0 | $0 | $0 | $0 | -$123.86M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | -$2M | $0 | -$3.03M |
| Other Financing Activities | -$18.41M | -$6.92M | -$16.83M | -$11.78M | -$29.18M | $206.83M | $1.7M | $0 | $236K |
| Net Cash from Financing | -$19.94M | $101.16M | -$16.32M | $97.76M | $49.13M | $82.97M | $14.6M | $221.31M | -$4.71M |
| Forex Effect | $1.38M | -$2.13M | $1.68M | -$722K | -$122K | -$4K | $0 | $0 | $0 |
| Net Change in Cash | $6.9M | $77.93M | $498K | $112.36M | $31.62M | $70.56M | $24.33M | $7.5M | -$233K |
| Supplementary Data | |||||||||
| Operating Cash Flow | $40.6M | $30.2M | $41.09M | $31.65M | $17.97M | $5.93M | $12.53M | $10.58M | $5.54M |
| Capital Expenditure | -$15.33M | -$11.77M | -$7.87M | -$6.07M | -$4.72M | -$2.25M | -$2.81M | -$3.08M | -$1.06M |
| Free Cash Flow | $25.27M | $18.43M | $33.22M | $25.58M | $13.26M | $3.68M | $9.72M | $7.5M | $4.48M |
| Cash at Beginning | $335.15M | $257.23M | $256.73M | $144.36M | $112.75M | $42.19M | $17.86M | $10.36M | $10.59M |
| Cash at End | $342.06M | $335.15M | $257.23M | $256.73M | $144.36M | $112.75M | $42.19M | $17.86M | $10.36M |