Grid Dynamics Holdings, Inc. logo GDYN - Grid Dynamics Holdings, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 8
HOLD 0
SELL 0
STRONG
SELL 0
| PRICE TARGET: $10.00 DETAILS
HIGH: $12.00
LOW: $8.00
MEDIAN: $10.00
CONSENSUS: $10.00
UPSIDE: 40.25%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue
Revenue 411.8 350.6 312.9 310.5 211.3 111.3 118.3 91.9 70.7
Cost of Revenue 269.5 223.6 199.8 189.9 123.6 69.7 70.1 52.6 40.6
Gross Profit 142.3 127.0 113.1 120.6 87.7 41.6 48.2 39.3 30.0
Operating Expenses
R&D Expenses 23.7 18.3 14.7 15.8 8.5 9.3 4.3 2.6 2.0
SG&A Expenses 120.6 110.8 104.0 125.8 79.2 47.8 23.5 22.8 15.0
Other Expenses (4.2) 0 0 0.6 0 0.2 4.8 0 0.0
Operating Expenses 140.0 129.1 118.7 141.6 87.7 57.1 32.6 25.5 16.9
Operating Income
Operating Income 2.3 (2.1) (5.6) (21.0) 0.1 (15.4) 15.6 13.8 13.1
Interest Expense 0 0 0 0 0 0 0 0 0
Interest Income 0 13.2 0 0 0 0 0 0 0
Profitability
EBITDA 27.1 16.6 6.5 (11.4) 5.1 (12.8) 17.9 15.1 15.6
EBIT 2.3 (2.1) (5.6) (21.0) 0.1 (15.4) 15.6 13.1 13.1
Income Before Tax 15.7 11.1 4.8 (20.5) (2.5) (15.2) 15.4 13.1 13.1
Income Tax Expense 6.0 7.0 6.6 8.8 5.2 (2.6) 4.6 3.9 (0.1)
Net Income 9.7 4.0 (1.8) (29.2) (7.7) (12.6) 10.8 9.2 13.2
Per Share Data
EPS (Basic) 0.11 0.05 -0.02 -0.42 -0.13 -0.28 0.22 0.18 2.40
EPS (Diluted) 0.11 0.05 -0.02 -0.42 -0.13 -0.28 0.22 0.18 2.40
Shares Outstanding 84.5 77.5 75.2 69.2 58.7 44.7 50.2 50.8 5.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017
Current Assets
Cash & Cash Equivalents 342.1 334.7 257.2 256.7 144.4 112.7 42.2 17.9 10.4
Short-Term Investments 0 0 0 0 0 0 0 0 0
Net Receivables 79.5 69.4 53.6 53.9 44.2 18.7 18.9 17.3 12.3
Inventory 0 0 0 0 0 0 0 0.4 0
Other Current Assets 18.0 19.3 9.2 8.2 1.0 2.4 4.6 1.6 6.3
Total Current Assets 439.5 423.3 324.0 323.1 192.8 134.6 66.0 37.2 29.0
Non-Current Assets
Property, Plant & Equipment 34.0 26.1 21.8 15.9 6.2 4.1 4.0 3.2 1.2
Goodwill 84.4 83.4 53.9 45.5 36.0 0 0 0.1 0.1
Intangible Assets 41.6 47.9 26.5 20.4 19.1 22.8 0.0 0.1 0.3
Long-Term Investments 1.2 0 1.3 1 0 0 0 221.2 0
Other Non-Current Assets 3.2 2.7 1.2 0.2 0 0 0 (221.2) 0.5
Total Non-Current Assets 173.4 168.9 111.2 88.0 64.0 32.5 5.5 4.5 2.2
Total Assets 612.9 592.2 435.2 411.1 256.7 167.1 71.5 41.7 31.2
Current Liabilities
Account Payables 3.7 4.1 3.6 3.9 2.1 0.8 0.8 0.5 0.2
Short-Term Debt 6.3 0 0 2.5 0 0 0 0 0
Deferred Revenue 0 0 1.3 1.1 1.2 0 0 0.3 0
Other Current Liabilities 40.0 39.2 20.3 7.4 11.2 3.8 5.5 4.7 6.5
Total Current Liabilities 52.1 55.5 42.2 38.7 25.3 13.3 8.3 8.3 6.8
Non-Current Liabilities
Long-Term Debt 10.8 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 7.9 8.9 3.3 3.8 4.3 2.1 0 0 0
Other Non-Current Liabilities 0 2.7 0 0 0 0 9.2 0 0
Total Non-Current Liabilities 18.7 18.8 10.0 9.4 4.3 2.1 9.2 7.7 0
Total Liabilities 70.8 74.4 52.3 48.1 29.7 15.4 17.5 8.3 6.8
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 209.2 0
Retained Earnings (2.2) (11.8) (15.9) (14.1) 15.1 22.8 35.4 24.6 17.4
Accumulated Other Comprehensive Income 1.1 (2.9) 1.3 (0.8) (0.1) (0.0) 0 (2.7) 0
Total Stockholders' Equity 542.1 517.8 382.9 363.0 227.1 151.7 54.0 33.4 24.4
Total Liabilities & Equity 612.9 592.2 435.2 411.1 256.7 167.1 71.5 41.7 31.2
Debt Metrics
Total Debt 17.0 12.6 11.0 8.1 0 0 0 0 0
Net Debt (325.0) (322.0) (246.2) (248.6) (144.4) (112.7) (42.2) (17.9) (10.4)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017
Operating Activities
Net Income 9.7 4.0 (1.8) (29.2) (7.7) (12.6) 10.8 9.2 13.2
Depreciation & Amortization 24.8 18.7 12.1 9.6 5.0 2.7 2.3 1.3 0.7
Stock-Based Compensation 30.3 34.2 35.5 61.0 33.0 20.0 2.4 1.8 0.8
Change in Working Capital (17.0) (21.9) 2.3 (6.3) (16.0) (0.4) (2.7) (1.1) (9.5)
Other Non-Cash Items (5.9) (0.8) (3.0) 0.2 1.0 0.4 0.1 (1.2) (3.8)
Operating Cash Flow 40.6 30.2 41.1 31.7 18.0 5.9 12.5 10.6 5.5
Investing Activities
Capital Expenditure (15.3) (11.8) (7.9) (6.1) (4.7) (2.3) (2.8) (3.1) (1.1)
Acquisitions 0.2 (43.1) (17.8) (9.3) (30.6) (16.1) 0 0 0
Purchases of Investments 0 0 (0.2) (1) 0 0 0 (220) 0
Sales/Maturities of Investments 0 3.6 0 10.3 0 0 0 0 0
Other Investing Activities 0 (0.0) 0 (10.3) 0 0 0 0 0
Investing Cash Flow (15.1) (51.3) (25.9) (16.3) (35.4) (18.3) (2.8) (3.1) (1.1)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 (1.9)
Stock Repurchased (2) 0 0 0 0 (123.9) 0 0 0
Dividends Paid 0 0 0 0 0 0 (2) 0 (3.0)
Other Financing Activities (18.4) (6.9) (16.8) (11.8) (29.2) 206.8 1.7 0 0.2
Financing Cash Flow (19.9) 101.2 (16.3) 97.8 49.1 83.0 14.6 221.3 (4.7)
Cash Position
Net Change in Cash 6.9 77.9 0.5 112.4 31.6 70.6 24.3 7.5 (0.2)
Cash at Beginning 335.2 257.2 256.7 144.4 112.7 42.2 17.9 10.4 10.6
Cash at End 342.1 335.2 257.2 256.7 144.4 112.7 42.2 17.9 10.4
Free Cash Flow 25.3 18.4 33.2 25.6 13.3 3.7 9.7 7.5 4.5
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017
Income Statement
Revenue 411.8 350.6 312.9 310.5 211.3 111.3 118.3 91.9 70.7
Gross Profit 142.3 127.0 113.1 120.6 87.7 41.6 48.2 39.3 30.0
Operating Income 2.3 (2.1) (5.6) (21.0) 0.1 (15.4) 15.6 13.8 13.1
Net Income 9.7 4.0 (1.8) (29.2) (7.7) (12.6) 10.8 9.2 13.2
EPS (Diluted) 0.11 0.05 -0.02 -0.42 -0.13 -0.28 0.22 0.18 2.40
Balance Sheet
Cash & Equivalents 342.1 334.7 257.2 256.7 144.4 112.7 42.2 17.9 10.4
Total Assets 612.9 592.2 435.2 411.1 256.7 167.1 71.5 41.7 31.2
Total Debt 17.0 12.6 11.0 8.1 0 0 0 0 0
Stockholders' Equity 542.1 517.8 382.9 363.0 227.1 151.7 54.0 33.4 24.4
Cash Flow
Operating Cash Flow 40.6 30.2 41.1 31.7 18.0 5.9 12.5 10.6 5.5
Capital Expenditure (15.3) (11.8) (7.9) (6.1) (4.7) (2.3) (2.8) (3.1) (1.1)
Free Cash Flow 25.3 18.4 33.2 25.6 13.3 3.7 9.7 7.5 4.5