Grid Dynamics Holdings, Inc. (GDYN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	422.6M	411.8M	350.6M	312.9M	310.5M
Cost of Revenue	275.9M	269.5M	223.6M	199.8M	189.9M
Gross Profit	146.7M	142.3M	127.0M	113.1M	120.6M
Operating Expenses
R&D Expense	22.9M	23.7M	18.3M	14.7M	15.8M
SG&A Expense	125.6M	120.3M	110.8M	104.0M	125.8M
General & Admin Expense	96.1M	90.2M	82.1M	79.8M	106.0M
Selling & Marketing Expense	29.5M	30.0M	28.6M	24.2M	19.8M
Other Expenses	—	—	—	—	555.0K
Total Operating Expenses	148.5M	143.9M	129.1M	118.7M	141.6M
Cost and Expenses	424.4M	413.4M	352.7M	318.5M	331.5M
Operating Income (EBIT)	(1.8M)	(1.6M)	(2.1M)	(5.6M)	(21.0M)
Non-Operating
Interest Income	—	17.6M	13.2M	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	17.6M	13.2M	—	—
Other Non-Op Income/Expense	11.8M	17.3M	13.2M	10.4M	555.0K
Non-Operating Income (excl Interest)	—	—	(13.2M)	(10.4M)	(555.0K)
EBT (Pre-Tax Income)	10.0M	15.7M	11.1M	4.8M	(20.5M)
Income Tax Expense	7.1M	6.0M	7.0M	6.6M	8.8M
Bottom Line
Net Income	2.9M	9.7M	4.0M	(1.8M)	(29.2M)
Earnings from Cont. Ops	2.9M	9.7M	4.0M	(1.8M)	(29.2M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	2.9M	9.7M	4.0M	(1.8M)	(29.2M)
Per Share
Basic EPS	$0.03	$0.11	$0.05	($0.02)	($0.42)
Diluted EPS	$0.03	$0.11	$0.05	($0.02)	($0.42)
Revenue Per Share	$5.14	$4.87	$4.53	$4.16	$4.49
Shares
Basic Shares Outstanding	82.3M	84.5M	77.5M	75.2M	69.2M
Diluted Shares Outstanding	83.0M	86.9M	80.0M	75.2M	69.2M
Profitability Metrics
EBITDA	24.0M	23.2M	29.8M	17.0M	(10.8M)
D&A	25.9M	24.8M	18.7M	12.1M	9.6M
EBIT	(1.8M)	(1.6M)	11.1M	4.8M	(20.5M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026