GRID DYNAMICS HOLDINGS, INC.

Listed Company

GDYNCIK 0001743725NasdaqAcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$411.83M

Net Income

$9.67M

Total Assets

—

Equity

—

Shares Out

83.63M

Op. Cash Flow

$40.60M

GDYN$5.79−45.88% · past yearDBEQ Basic

Daily closing prices

Business

Grid Dynamics Holdings, Inc. is an Enterprise AI transformation partner for Fortune 1000 companies, combining deep AI expertise with enterprise-scale delivery to help clients identify AI investment opportunities, deploy systems at scale, and capture measurable business value. The company offers comprehensive services across AI, cloud platform and product engineering, digital engagement, IoT and edge computing, and AI/data platforms, with proprietary accelerators and frameworks supporting these capabilities. Grid Dynamics operates through industry-focused verticals including Retail, Technology/Media/Telecom, Finance, CPG/Manufacturing, and Healthcare/Pharma, with a global delivery model spanning the Americas, Europe, and India to provide continuous development and cost-optimized service delivery.

Summary from 10-K filed 2026-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	412	351	313	310	211
Cost of revenues	269	224	200	190	124
Gross profit	142	127	113	121	88
Engineering, research, and development	24	18	15	16	8
Sales and marketing	30	29	24	20	14
General and administrative	91	82	80	106	65
Total operating expenses	144	129	119	142	88
Loss from operations	−2	−2	−6	−21	50,000
Interest and other income, net	18	13	10	555,000	−3
Income before income tax	16	11	5	−20	−2
Provision for income taxes	6	7	7	9	5
Net income/(loss)	10	4	−2	−29	−8
Basic (in dollars per share)	0.11	0.05	−0.02	−0.42	−0.13
Diluted (in dollars per share)	0.11	0.05	−0.02	−0.42	−0.13
Basic (in shares)	85	77	75	69	59
Diluted (in shares)	87	80	75	69	59

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	342	335	257	257	144
Trade receivable, net of allowance of $3,721, and $2,747 as of December 31, 2025 and December 31, 2024, respectively	79	69	54	48	39
Prepaid expenses and other current assets	18	19	13	8	5
Total current assets	440	423	324	323	193
Property and equipment, net	18	14	11	8	6
Operating lease right-of-use assets, net	16	12	10	8	0
Intangible assets, net	42	48	27	20	19
Goodwill	84	83	54	46	36
Deferred tax assets	9	9	6	5	3
Other noncurrent assets	4	3	3	1	0
Total assets	613	592	435	411	257
Accounts payable	4	4	4	4	2
Accrued compensation and benefits	26	22	19	13	11
Operating lease liabilities, current	6	5	4	3	0
Accrued expenses and other current liabilities	17	24	15	9	11
Total current liabilities	52	56	42	39	25
Deferred Income Tax Liabilities, Net	8	9	3	4	4
Operating lease liabilities, noncurrent	11	7	7	6	0
Contingent consideration payable, noncurrent	0	3	0	—	—
Total liabilities	71	74	52	48	30
Commitments and contingencies (Note 13)	—	—	—	—	—
Common stock, $0.0001 par value; 110,000,000 shares authorized; 84,842,637 and 83,608,819 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	8,000	8,000	8,000	7,000	7,000
Additional paid-in capital	545	533	398	378	212
Accumulated deficit	−2	−12	−16	−14	15
Accumulated other comprehensive income/(loss)	1	−3	1	−848,000	−126,000
Treasury stock	−2	0	—	—	—
Total stockholders equity	542	518	383	363	227
Total liabilities and stockholders equity	613	592	435	411	257

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	20	14	9	7	5
Operating lease right-of-use assets amortization expense	5	5	3	3	0
Bad debt expense	1	2	945,000	132,000	45,000
Stock-based compensation	30	34	36	61	33
Deferred income taxes	−1	−4	−4	−4	3
Other income, net	−7	−3	−4	71,000	979,000
Trade receivable	−11	−9	2	−10	−19
Prepaid expenses and other assets	544,000	−8	−511,000	−3	−1
Accounts payable	−378,000	−2	−538,000	2	957,000
Accrued compensation and benefits	4	−274,000	5	2	873,000
Operating lease liabilities	−5	−5	−3	−3	0
Income taxes, net	−6	415,000	−2	5	532,000
Accrued expenses and other current liabilities	556,000	2	991,000	982,000	2
Net cash provided by operating activities	41	30	41	32	18
Purchase of property and equipment	−15	−12	−8	−6	−5
Proceeds from sale of equity securities	0	4	0	0	—
Acquisition of business, net of cash acquired	198,000	−43	−18	−9	−31
Other investing activities, net	0	−44,000	−250,000	0	—
Net cash used in investing activities	−15	−51	−26	−16	−35
Proceeds from exercises of stock options	469,000	2	510,000	1	—
Payments of tax obligations resulted from net share settlement of vested stock awards	−18	−9	−17	−6	−49
Payments for repurchases of common stock	−2	0	0	0	0
Debt and equity issuance costs	−253,000	−472,000	0	—	—
Proceeds from common stock offering	0	108	0	110	78
Net cash (used in)/provided by financing activities	−20	101	−16	98	49
Effect of exchange rate changes on cash, cash equivalents and restricted cash	1	−2	2	−722,000	−122,000
Net increase in cash, cash equivalents, and restricted cash	7	78	498,000	112	32
Cash paid for income taxes, net of refunds	12	11	12	—	—

Filings

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Frequently asked questions

What is GRID DYNAMICS HOLDINGS, INC.'s CIK number?

GRID DYNAMICS HOLDINGS, INC.'s SEC CIK number is 0001743725 (1743725). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find GRID DYNAMICS HOLDINGS, INC.'s SEC filings?

All of GRID DYNAMICS HOLDINGS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did GRID DYNAMICS HOLDINGS, INC. last report earnings?

GRID DYNAMICS HOLDINGS, INC. (GDYN) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001743725-26-000012). This is GRID DYNAMICS HOLDINGS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is GRID DYNAMICS HOLDINGS, INC.'s most recent earnings 8-K?

GRID DYNAMICS HOLDINGS, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001743725-26-000012. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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