MarketCapExport financials
Grid Dynamics Holdings (GDYN)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.
Facebook
X
Telegram
Grid Dynamics Holdings Income Statement 2025-2011 | GDYN
Brief overview of revenue and earnings at Grid Dynamics Holdings
This overview is based on financial performance over the past five years. Revenue at Grid Dynamics Holdings moved from 111 million dollars in 2020 to 412 million dollars in 2025. Overall revenue changed by +270.1%, equal to an annualized rate of about 29.9%. Revenue growth reflects a pronounced phase of business expansion.
Gross profit was $41.6 million at the start and $142 million at the end of the period (+242%). The relationship between sales and direct costs deteriorated. At the margin level, the figure shifted from 37.4% to 34.6%. Weakening gross profitability reduces the quality of the top-line trend.
Over the period, EBITDA shifted from −12.8 million dollars to 17.8 million dollars, a change of +239.4%. The operating result developed less favorably than sales. The EBITDA share of revenue changed from −11.5% to 4.3%. The increased EBITDA share is a positive sign.
Net income moved from −$12.6 million at the start to $9.7 million at the end. The trajectory reversed from a loss to positive earnings.
The market value of the business moved from 564 million dollars to 614 million dollars, or +8.9%. Investors responded cautiously to the improvement in the business.
Overall conclusion
The financial profile remains mixed, with strengths and risks moving in different directions. Key strengths include net-income growth, a larger revenue base and higher operating efficiency. The overall view is constrained by weaker gross profitability and a low EBITDA margin. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Grid Dynamics Holdings
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
614 M | 1.48 B | 1.01 B | 814 M | 2.23 B | 564 M | 68.3 M | 273 M | - | - | - | - | - | - | - |
Shares |
84.5 M | 77.5 M | 75.2 M | 69.2 M | 58.7 M | 44.7 M | 6.14 M | 28.1 M | - | - | - | - | - | - | - |
Historical Prices |
7.26 | 19.1 | 13.5 | 11.8 | 38 | 12.6 | 10.8 | 9.68 | - | - | - | - | - | - | - |
Net Income |
9.67 M | 4.04 M | -1.76 M | -29.2 M | -7.7 M | -12.6 M | -3.32 M | 615 K | - | - | - | - | - | - | - |
Revenue |
412 M | 351 M | 313 M | 310 M | 211 M | 111 M | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
269 M | 224 M | 200 M | 190 M | 124 M | 69.7 M | 70.1 M | 52.6 M | - | - | - | - | - | - | - |
Gross Profit |
142 M | 127 M | 113 M | 121 M | 87.7 M | 41.6 M | - | - | - | - | - | - | - | - | - |
Operating Income |
-1.9 M | -2.1 M | -5.58 M | -21 M | 50 K | -15.4 M | 15.6 M | 13.8 M | - | - | - | - | - | - | - |
Interest Expense |
17.6 M | 13.2 M | 10.4 M | 555 K | -2.5 M | 236 K | -176 K | -746 K | - | - | - | - | - | - | - |
EBITDA |
17.8 M | 12.1 M | 3.35 M | -14.4 M | 5.1 M | -12.8 M | 2.19 M | 1.99 M | - | - | - | - | - | - | - |
Operating Expenses |
144 M | 129 M | 119 M | 142 M | 87.7 M | 57.1 M | 7.14 M | 326 K | - | - | - | - | - | - | - |
General and Administrative Expenses |
90.5 M | 82.1 M | 79.8 M | 106 M | 64.8 M | 37.7 M | 7.14 M | 326 K | - | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement Grid Dynamics Holdings
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
82.3 M | 84.7 M | 84.6 M | 84.7 M | 84.6 M | 84.1 M | 83.6 M | 76.7 M | 76.6 M | 76.2 M | 75.9 M | 75.5 M | 75.1 M | 74.5 M | 74.2 M | 68.6 M | 67.1 M | 66.9 M | 66.9 M | 62.6 M | 54.4 K | 51.6 M | 50.9 M | 49.7 M | 49.6 K | 29.6 K | 21.6 M | 21.6 K | 21 K | 20.2 K | - | 5.5 M | - | 5.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
2.85 M | -1.47 M | - | 1.18 M | 5.27 M | 2.91 M | - | 4.28 M | -817 K | -3.95 M | - | 676 K | 2.63 M | -7.97 M | - | -6.66 M | -13.2 M | -2.67 M | - | -549 K | -1.48 M | -2.06 M | - | -1.12 M | -2.17 M | -4.6 M | - | 4.45 M | 3.54 M | 712 K | - | -33 | -1.58 K | -33 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
108 M | 104 M | - | 104 M | 101 M | 100 M | - | 87.4 M | 83 M | 79.8 M | - | 77.4 M | 77.3 M | 80.1 M | - | 81.2 M | 77.3 M | 71.4 M | - | 57.9 M | 47.7 M | 39.1 M | - | 26.3 M | 22.4 M | 32.5 M | - | 31.4 M | 28.6 M | 26.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
68.5 M | 67.9 M | - | 69.5 M | 66.6 M | 63.4 M | - | 54.7 M | 53.5 M | 52.2 M | - | 49.3 M | 49 M | 51.5 M | - | 48.5 M | 48.5 M | 44.6 M | - | 32.7 M | 27.9 M | 23.8 M | - | 15.2 M | 14 M | 22.6 M | - | 17.6 M | 17.2 M | 15.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
39.6 M | 36.2 M | - | 34.7 M | 34.5 M | 37 M | - | 32.7 M | 29.6 M | 27.7 M | - | 28.2 M | 28.3 M | 28.6 M | - | 32.7 M | 28.9 M | 26.8 M | - | 25.3 M | 19.8 M | 15.3 M | - | 11.2 M | 8.39 M | 9.82 M | - | 13.8 M | 11.4 M | 10.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
1.28 M | -3.68 M | - | -241 K | -123 K | -2.04 M | - | 2.14 M | 40 K | -5.54 M | - | 143 K | 1.33 M | -5.99 M | - | -4.75 M | -10.8 M | 203 K | - | 1.97 M | 1.38 M | -1.78 M | - | -1.67 M | -3.19 M | -7.03 M | - | 5.58 M | 4.84 M | -317 K | - | -33 | -1.58 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
3.19 M | 3.24 M | - | 3.36 M | 7.42 M | 4.51 M | - | 3.47 M | 2.66 M | 2.52 M | - | 3.16 M | 3.01 M | 1.68 M | - | 1.45 M | -626 K | -700 K | - | 114 K | -79 K | -1.05 M | - | 455 K | 208 K | -244 K | - | -89 K | 79 K | -162 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
11.7 M | 1.52 M | - | 14.4 M | - | 2.68 M | - | - | - | -2.63 M | - | - | - | -4.35 M | - | 157 K | -10.8 M | 1.79 M | - | 5.49 M | 1.38 M | -832 K | - | 225 K | -1.95 M | -6.39 M | - | 7.27 M | 5.92 M | 193 K | - | -33 | -1.58 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
38.3 M | 39.9 M | - | 35 M | 34.6 M | 39 M | - | 30.6 M | 29.5 M | 33.2 M | - | 28 M | 27 M | 34.6 M | - | 37.4 M | 39.7 M | 26.6 M | - | 23.3 M | 18.4 M | 17.1 M | - | 12.8 M | 11.6 M | 16.9 M | - | 8.21 M | 6.59 M | 9.29 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
24.8 M | 26.1 M | - | 21.9 M | 20.8 M | 24.3 M | - | 19.3 M | 18.1 M | 21.5 M | - | 18.5 M | 17.7 M | 24.7 M | - | 28.2 M | 30.7 M | 19.3 M | - | 17.1 M | 13.8 M | 12.3 M | - | 8.5 M | 7.36 M | 10.7 M | - | 5.36 M | 4.15 M | 6.03 M | - | 33 | 1.58 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Grid Dynamics Holdings (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
Reports on the profits and losses of other stocks in the Software industry
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
 |
IVA Technologies
IVAT
|
- | - | - |  Russia |
 |
Agilysys
AGYS
|
$ 109.05 | 4.36 % | $ 3.05 B |  USA |
 |
Akamai Technologies
AKAM
|
$ 106.08 | 0.5 % | $ 15.4 B | USA |
 |
Alarm.com Holdings
ALRM
|
$ 55.87 | 0.92 % | $ 2.78 B | USA |
 |
Amesite
AMST
|
$ 0.99 | 0.49 % | $ 3.49 M | USA |
 |
Sphere 3D Corp.
ANY
|
$ 2.93 | 8.48 % | $ 8.54 M |  Canada |
 |
Ebix
EBIX
|
- | -30.99 % | $ 36.3 M | USA |
 |
Agora
API
|
$ 4.08 | 0.49 % | $ 1.5 B |  China |
 |
AppFolio
APPF
|
$ 220.09 | 5.57 % | $ 7.93 B | USA |
 |
Appian Corporation
APPN
|
$ 37.84 | 8.85 % | $ 2.8 B | USA |
 |
Digital Turbine
APPS
|
$ 11.61 | 0.08 % | $ 1.31 B | USA |
 |
Asana
ASAN
|
$ 9.61 | 9.58 % | $ 2.28 B | USA |
 |
Asure Software
ASUR
|
$ 8.55 | 1.18 % | $ 235 M | USA |
 |
A10 Networks
ATEN
|
$ 25.7 | 3.88 % | $ 1.86 B | USA |
 |
Aware
AWRE
|
$ 1.25 | 2.87 % | $ 26.5 M | USA |
 |
Bandwidth
BAND
|
$ 50.6 | 1.27 % | $ 1.52 B | USA |
 |
BlackBerry Limited
BB
|
$ 7.79 | 1.5 % | $ 4.61 B | Canada |
 |
Avalara
AVLR
|
- | - | $ 8.28 B | USA |
 |
Bill.com Holdings
BILL
|
$ 49.68 | 5.14 % | $ 4.96 B | USA |
 |
BlackLine
BL
|
$ 30.09 | 6.15 % | $ 1.85 B | USA |
 |
Bridgeline Digital
BLIN
|
$ 0.88 | 0.27 % | $ 9.88 M | USA |
 |
Blackbaud
BLKB
|
$ 45.57 | 0.2 % | $ 2.17 B | USA |
 |
Bumble
BMBL
|
$ 2.96 | 2.01 % | $ 326 M | USA |
 |
Box
BOX
|
$ 35.0 | 3.7 % | $ 5.05 B | USA |
 |
Bentley Systems, Incorporated
BSY
|
$ 31.72 | 2.42 % | $ 9.98 B | USA |
 |
Bit Digital
BTBT
|
$ 1.54 | 1.92 % | $ 397 M | USA |
 |
Calix
CALX
|
$ 35.1 | 0.28 % | $ 2.32 B | USA |
 |
Cadence Design Systems
CDNS
|
$ 279.96 | 1.55 % | $ 76 B | USA |
 |
Check Point Software Technologies Ltd.
CHKP
|
$ 139.14 | 5.69 % | $ 14.9 B |  Israel |
 |
CleanSpark
CLSK
|
$ 13.36 | 6.8 % | $ 3.43 B | USA |
|
Cogent Biosciences
COGT
|
$ 33.34 | 0.18 % | $ 4.3 B | USA |
 |
Creative Realities
CREX
|
$ 2.79 | 0.35 % | $ 29.3 M | USA |
 |
Cerence
CRNC
|
$ 8.33 | 0.12 % | $ 360 M | USA |
 |
CrowdStrike Holdings
CRWD
|
$ 236.76 | 14.52 % | $ 59.3 B | USA |
 |
Commvault Systems
CVLT
|
$ 140.32 | 7.88 % | $ 6.17 B | USA |
 |
Diebold Nixdorf, Incorporated
DBD
|
$ 65.18 | 0.05 % | $ 2.4 B | USA |
 |
Dropbox
DBX
|
$ 36.96 | 3.94 % | $ 9.92 B | USA |
 |
DocuSign
DOCU
|
$ 69.09 | 5.24 % | $ 14 B | USA |
 |
Domo
DOMO
|
$ 3.9 | 1.7 % | $ 160 M | USA |
 |
The Descartes Systems Group Inc
DSGX
|
$ 79.61 | 4.69 % | $ 6.84 B | Canada |
 |
Viant Technology
DSP
|
$ 12.82 | 1.91 % | $ 211 M | USA |
 |
Dynatrace
DT
|
$ 52.91 | 3.6 % | $ 15.9 B | USA |
 |
Datasea
DTSS
|
$ 0.66 | 1.39 % | $ 1.71 M | China |
|
Duos Technologies Group
DUOT
|
$ 8.19 | 0.42 % | $ 125 M | USA |
 |
Euronet Worldwide
EEFT
|
$ 71.35 | 1.43 % | $ 2.98 B | USA |
 |
eGain Corporation
EGAN
|
$ 5.18 | 2.33 % | $ 141 M | USA |
 |
8x8
EGHT
|
$ 1.84 | 1.36 % | $ 253 M | USA |
 |
Elastic N.V.
ESTC
|
$ 84.77 | 1.65 % | $ 8.93 B | USA |
 |
EVERTEC
EVTC
|
$ 29.27 | 0.03 % | $ 1.86 B |  Puerto-rico |
 |
F5 Networks
FFIV
|
$ 411.48 | 0.52 % | $ 23.8 B | USA |