GDYN
Grid Dynamics Holdings Inc
NASDAQ: GDYN · TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES
$5.69
+1.43% today
Updated 2026-04-30
Market cap
$477.13M
P/E ratio
50.82
P/S ratio
1.16x
EPS (TTM)
$0.11
Dividend yield
—
52W range
$5 – $15
Volume
1.5M
Grid Dynamics Holdings Inc (GDYN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $70.68M | $91.86M | $118.33M | $111.28M | $211.28M | $310.48M | $312.91M | $350.57M | $411.83M |
| Revenue growth (YoY) | — | +30.0% | +28.8% | -6.0% | +89.9% | +47.0% | +0.8% | +12.0% | +17.5% |
| Cost of revenue | $40.64M | $52.56M | $70.09M | $69.66M | $123.55M | $189.89M | $199.76M | $223.57M | $269.48M |
| Gross profit | $30.05M | $39.31M | $48.24M | $41.62M | $87.73M | $120.59M | $113.15M | $127.00M | $142.35M |
| Gross margin | 42.5% | 42.8% | 40.8% | 37.4% | 41.5% | 38.8% | 36.2% | 36.2% | 34.6% |
| R&D | $1.98M | $2.64M | $4.35M | $9.31M | $8.46M | $15.77M | $14.74M | $18.35M | $23.66M |
| SG&A | $12.61M | $17.63M | $16.52M | $37.71M | $64.76M | $106.02M | $79.83M | $82.14M | $90.55M |
| Operating income | $13.11M | $13.83M | $15.63M | $-15.45M | $50000.00 | $-21.01M | $-5.58M | $-2.10M | $2.31M |
| Operating margin | 18.5% | 15.1% | 13.2% | -13.9% | 0.0% | -6.8% | -1.8% | -0.6% | 0.6% |
| EBITDA | $15.64M | $15.14M | $17.94M | $-12.78M | $5.10M | $-11.36M | $6.54M | $16.63M | $27.12M |
| EBITDA margin | 22.1% | 16.5% | 15.2% | -11.5% | 2.4% | -3.7% | 2.1% | 4.7% | 6.6% |
| EBIT | $14.98M | $13.83M | $15.63M | $-15.45M | $50000.00 | $-21.01M | $-5.58M | $-2.10M | $2.31M |
| Interest expense | $0.00 | $0.00 | $176000.00 | $2.91M | $2.50M | $555000.00 | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $13.18M | $9.23M | $10.81M | $-12.60M | $-7.70M | $-29.21M | $-1.76M | $4.04M | $9.67M |
| Net income growth (YoY) | — | -30.0% | +17.1% | -216.6% | +38.9% | -279.4% | +94.0% | +329.0% | +139.2% |
| Profit margin | 18.7% | 10.0% | 9.1% | -11.3% | -3.6% | -9.4% | -0.6% | 1.2% | 2.3% |