Grid Dynamics Holdings, Inc. (GDYN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	432.7M	411.8M	350.6M	312.9M	310.5M
Cost of Revenue	274.6M	269.5M	223.6M	199.8M	189.9M
Gross Profit	158.1M	142.3M	127.0M	113.1M	120.6M
Operating Expenses
R&D Expense	23.7M	23.7M	18.3M	14.7M	15.8M
SG&A Expense	126.8M	120.3M	110.8M	104.0M	125.8M
General & Admin Expense	97.6M	90.2M	82.1M	79.8M	106.0M
Selling & Marketing Expense	29.2M	30.0M	28.6M	24.2M	19.8M
Other Expenses	—	—	—	—	555.0K
Total Operating Expenses	150.5M	143.9M	129.1M	118.7M	141.6M
Cost and Expenses	425.2M	413.4M	352.7M	318.5M	331.5M
Operating Income (EBIT)	7.5M	(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	10.7M	17.3M	13.2M	10.4M	555.0K
Non-Operating Income (excl Interest)	2.2M	—	(13.2M)	(10.4M)	(555.0K)
EBT (Pre-Tax Income)	18.2M	15.7M	11.1M	4.8M	(20.5M)
Income Tax Expense	10.4M	6.0M	7.0M	6.6M	8.8M
Bottom Line
Net Income	7.8M	9.7M	4.0M	(1.8M)	(29.2M)
Earnings from Cont. Ops	7.8M	9.7M	4.0M	(1.8M)	(29.2M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	7.8M	9.7M	4.0M	(1.8M)	(29.2M)
Per Share
Basic EPS	$0.09	$0.11	$0.05	($0.02)	($0.42)
Diluted EPS	$0.09	$0.11	$0.05	($0.02)	($0.42)
Revenue Per Share	$5.36	$4.87	$4.53	$4.16	$4.49
Shares
Basic Shares Outstanding	80.7M	84.5M	77.5M	75.2M	69.2M
Diluted Shares Outstanding	81.9M	86.9M	80.0M	75.2M	69.2M
Profitability Metrics
EBITDA	24.8M	23.2M	29.8M	17.0M	(10.8M)
D&A	19.5M	24.8M	18.7M	12.1M	9.6M
EBIT	5.3M	(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 Sep 1, 2026