Grid Dynamics Holdings, Inc.

GDYN

GDYNGrid Dynamics Holdings, Inc. US flag

NASDAQ Capital Market

6.37

USD

+0.05

- -

532.70MMarket Cap

Income Statement (USD)

MCP API Chat

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	71	92	118	111	211	310	313	351	412
+ Sales & Services Revenue	71	92	118	111	211	310	313	351	412
- Cost of Revenue	41	53	70	70	124	190	200	224	269
+ Cost of Goods & Services	41	53	70	70	124	190	200	224	269
Gross Profit	30	39	48	42	88	121	113	127	142
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	17	25	33	57	88	142	118	127	144
+ Selling, General & Admin	15	23	28	48	79	126	103	108	120
+ Research & Development	2	3	4	9	8	16	15	18	24
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	13	14	16	-15	- -	-21	-5	- -	-2
- Non-Operating (Income) Loss	- -	1	- -	- -	3	-1	-9	-11	-17
+ Interest Expense, Net	- -	- -	- -	- -	- -	-1	-10	-13	-18
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	1	10	13	18
+ Other Non-Op (Income) Loss	- -	1	- -	- -	3	- -	1	2	- -
Pretax Income	13	13	15	-15	-2	-20	5	11	16
- Income Tax Expense (Benefit)	- -	4	5	-3	5	9	7	7	6
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	13	9	11	-13	-8	-29	-2	4	10
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	13	9	11	-13	-8	-29	-2	4	10
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	13	9	11	-13	-8	-29	-2	4	10
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	13	9	10	-13	-8	-29	-2	4	10
EBIT	13	14	16	-15	- -	-21	-5	- -	-2
EBITDA	14	15	18	-13	5	-11	8	19	23
EBITDA Margin (%)	19.48	16.48	15.16	-11.48	2.41	-3.66	2.41	5.43	5.64
EBITA	13	14	16	-15	- -	-21	-5	- -	-2
Gross Margin (%)	42.51	42.79	40.77	37.4	41.52	38.84	36.16	36.23	34.56
Operating Margin (%)	18.54	15.05	13.21	-13.88	0.02	-6.77	-1.46	0.08	-0.39
Profit Margin (%)	18.65	10.05	9.13	-11.32	-3.64	-9.41	-0.56	1.15	2.35
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.06	- -	0.04	- -	- -	- -	- -	- -	- -
Depreciation Expense	1	1	2	3	5	10	12	19	25
Basic Weighted Avg Shares	51	51	51	45	59	69	75	77	85
Basic EPS, GAAP	0.26	0.18	0.21	-0.28	-0.13	-0.42	-0.02	0.05	0.11
Basic EPS from Cont Ops	0.26	0.18	0.21	-0.28	-0.13	-0.42	-0.02	0.05	0.11
Diluted Weighted Avg Shares	51	51	51	45	59	69	75	80	87
Diluted EPS, GAAP	0.26	0.18	0.21	-0.28	-0.13	-0.42	-0.02	0.05	0.11
Diluted EPS from Cont Ops	0.26	0.18	0.21	-0.28	-0.13	-0.42	-0.02	0.05	0.11

Balance Sheet (USD)

MCP API Chat

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	- -	37	66	135	193	323	324	423	440
+ Cash, Cash Equivalents & STI	- -	18	42	113	144	257	257	335	342
+ Cash & Cash Equivalents	- -	18	42	113	144	257	257	335	342
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	17	19	19	44	54	54	69	79
+ Accounts Receivable, Net	- -	13	14	17	39	48	50	65	71
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	4	5	2	5	6	4	5	8
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	2	5	3	4	12	13	19	18
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	5	6	33	64	88	111	169	173
+ Property, Plant & Equip, Net	- -	3	4	4	6	16	22	26	34
+ Property, Plant & Equip	- -	6	9	12	18	29	38	51	70
- Accumulated Depreciation	- -	3	5	8	12	13	16	25	36
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	1	1	28	58	72	89	143	139
+ Total Intangible Assets	- -	- -	- -	23	55	66	80	131	126
+ Goodwill	- -	- -	- -	15	36	46	54	83	84
+ Other Intangible Assets	- -	- -	- -	8	19	20	27	48	42
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	1	1	6	3	6	9	11	13
Total Assets	- -	42	72	167	257	411	435	592	613
+ Payables & Accruals	- -	3	3	5	13	21	16	24	17
+ Accounts Payable	- -	- -	1	1	2	4	4	4	4
+ Accrued Taxes	- -	- -	1	2	3	12	10	8	4
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	3	1	3	8	5	3	12	10
+ ST Debt	- -	- -	- -	- -	- -	3	4	5	6
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	3	4	5	6
+ Other ST Liabilities	- -	5	5	8	12	16	22	26	29
+ Deferred Revenue	- -	- -	- -	1	1	2	1	3	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	5	5	7	11	14	21	23	28
Total Current Liabilities	- -	8	8	13	25	39	42	56	52
+ LT Debt	- -	- -	- -	- -	- -	6	7	7	11
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	6	7	7	11
+ Other LT Liabilities	- -	- -	9	2	4	4	3	12	8
+ Accrued Liabilities	- -	- -	- -	2	4	4	3	9	8
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	9	- -	- -	- -	- -	3	- -
Total Noncurrent Liabilities	- -	- -	9	2	4	9	10	19	19
Total Liabilities	- -	8	17	15	30	48	52	74	71
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	9	19	129	212	378	398	533	545
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	9	19	129	212	378	398	533	545
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	2
+ Retained Earnings	- -	25	35	23	15	-14	-16	-12	-2
+ Other Equity	- -	- -	- -	- -	- -	-1	1	-3	1
Equity Before Minority Interest	- -	33	54	152	227	363	383	518	542
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	- -	33	54	152	227	363	383	518	542
Total Liabilities & Equity	- -	42	72	167	257	411	435	592	613
Shares Outstanding	- -	51	51	51	67	74	76	84	85
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	8	11	13	17
Net Debt	- -	-18	-42	-113	-144	-257	-257	-335	-342
Net Debt to Equity	- -	-53.51	-78.06	-74.31	-63.58	-70.72	-67.18	-64.63	-63.1
Tangible Common Equity Ratio	- -	79.86	75.55	89.32	85.29	86.07	85.27	83.86	85.46
Current Ratio	- -	4.46	7.95	10.11	7.61	8.35	7.67	7.62	8.43
Cash Conversion Cycle	- -	24.22	38.28	46.49	43.99	45.54	50.39	53.37	55.01

Cash Flow Statement (USD)

MCP API Chat

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	13	9	11	-13	-8	-29	-2	4	10
+ Depreciation & Amortization	1	1	2	3	5	10	12	19	25
+ Non-Cash Items	1	1	2	16	37	58	28	29	23
+ Stock-Based Compensation	1	2	2	20	33	61	36	34	30
+ Deferred Income Taxes	- -	-1	- -	-4	3	-4	-4	-4	-1
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	1	2	1
+ Other Non-Cash Adj	- -	- -	- -	- -	1	- -	-4	-3	-7
+ Chg in Non-Cash Work Cap	-9	-1	-3	- -	-16	-6	2	-22	-17
+ (Inc) Dec in Accts Receiv	-4	-5	-2	2	-20	-10	2	-9	-11
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-5	1	-1	- -	-1	-3	-1	-8	1
+ Inc (Dec) in Accts Payable	-1	2	2	-2	4	4	6	- -	4
+ Inc (Dec) in Other	- -	- -	-2	- -	- -	3	-5	-4	-11
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	6	11	13	6	18	32	41	30	41
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-3	-3	-2	-5	-6	-8	-12	-15
+ Acq of Fixed Prod Assets	-1	-3	-3	-2	-5	-6	-8	-12	-15
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	15	-124	78	110	- -	108	-2
+ Increase in Capital Stock	- -	- -	15	- -	78	110	- -	108	- -
+ Decrease in Capital Stock	- -	- -	- -	-124	- -	- -	- -	- -	-2
+ Net Change in LT Investment	- -	- -	- -	- -	- -	-1	- -	4	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	4	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	-1	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	-16	-31	-9	-18	-43	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	-16	-31	-9	-18	-43	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1	-3	-3	-18	-35	-16	-26	-51	-15
+ Dividends Paid	-3	- -	-2	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-2	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	5	- -	- -	- -
+ Repayments of Debt	-2	- -	- -	- -	- -	-5	- -	- -	- -
+ Other Financing Activities	- -	- -	2	207	-29	-12	-16	-7	-18
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-5	- -	15	83	49	98	-16	101	-20
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	-1	2	-2	1
Net Changes in Cash	- -	8	24	71	32	113	-1	80	6
EBITDA	14	15	18	-13	5	-11	8	19	23
EBITDA Margin (%)	19.48	16.48	15.16	-11.48	2.41	-3.66	2.41	5.43	5.64
Free Cash Flow	4	8	10	4	13	26	33	18	25
Net Cash Paid for Acquisitions	- -	- -	- -	16	31	9	18	43	- -
Free Cash Flow to Firm	- -	8	10	- -	- -	- -	33	18	25
Free Cash Flow to Equity	- -	8	9	4	13	26	33	18	25
Free Cash Flow per Basic Share	0.09	0.15	0.19	0.08	0.23	0.37	0.44	0.24	0.3
Price/Free Cash Flow	- -	36.01	35.94	68.88	98.17	20.58	20.47	42.38	14.03
Cash Flow to Net Income	0.42	1.15	1.16	-0.47	-2.33	-1.08	-23.28	7.47	4.2
Capital Expenditures	-1	-3	-3	-2	-5	-6	-8	-12	-15