GRID DYNAMICS HOLDINGS, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $411.8M | $350.6M | $312.9M | $310.5M | $211.3M |
| Cost of revenue | $269.5M | $223.6M | $199.8M | $189.9M | $123.6M |
| Gross profit | $142.3M | $127.0M | $113.1M | $120.6M | $87.7M |
| Research and development | $23.7M | $18.3M | $14.7M | $15.8M | $8.5M |
| Operating expenses | $144.2M | $129.1M | $118.7M | $141.6M | $87.7M |
| Operating income | -$1.9M | -$2.1M | -$5.6M | -$21.0M | $50,000 |
| Pretax income | $15.7M | $11.1M | $4.8M | -$20.5M | -$2.5M |
| Income tax expense | $6.0M | $7.0M | $6.6M | $8.8M | $5.2M |
| Net income | $9.7M | $4.0M | -$1.8M | -$29.2M | -$7.7M |
| Balance Sheet | |||||
| Cash and equivalents | $342.1M | $334.7M | $257.2M | $256.7M | $144.4M |
| Current assets | $439.5M | $423.3M | $324.0M | $323.1M | $192.8M |
| Total assets | $612.9M | $592.2M | $435.2M | $411.1M | $256.7M |
| Current liabilities | $52.1M | $55.5M | $42.2M | $38.7M | $25.3M |
| Total liabilities | $70.8M | $74.4M | $52.3M | $48.1M | $29.7M |
| Stockholders' equity | $542.1M | $517.8M | $382.9M | $363.0M | $227.1M |
| Cash Flow Statement | |||||
| Cash from operations | $40.6M | $30.2M | $41.1M | $31.7M | $18.0M |
| Depreciation and amortization | $12.2M | $9.2M | $5.2M | $4.2M | $3.1M |
| Stock-based compensation | $30.3M | $34.2M | $35.5M | $61.0M | $33.0M |
| Capital expenditure | $15.3M | $11.8M | $7.9M | $6.1M | $4.7M |
| Free cash flow | $25.3M | $18.4M | $33.2M | $25.6M | $13.3M |
| Dividends paid | — | — | — | — | $0 |
| Share repurchases | $2.0M | $0 | $0 | $0 | $0 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 83.6M · Free float 65.1%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.