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Other financials

Income statement

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Revenue$104.1M+3.7%
Gross profit$36.2M-2.1%
Operating income-$3.7M-80.7%
Net income-$1.5M-151%
EPS (diluted)-$0.02-167%

Balance sheet

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Cash & equivalents$327.5M+0.5%
Total debt$17.4M+50.4%
Total equity$530.1M+2.5%
Total assets$605.0M+2.4%

Cash flow

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Operating cash flow$8.4M-10.3%
CapEx$4.0M+18.6%
Free cash flow$4.4M-26.3%

Valuation

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Market cap$621.43M-4.1%
Enterprise value$311.38M-4.5%
P/E117.6×+79.5×
P/S1.5×-0.2×

Profitability

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Gross margin34.1%-2.7pp
Operating margin-1.3%-0.5pp
Net margin1.3%-1.7pp
FCF margin5.7%-0.9pp

Returns & leverage

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Return on equity1%-1.4pp
Debt / equity0.0×
Current ratio7.9×+0.6×

Where this comes from

Reported directly by Grid Dynamics Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:EmployeeRelatedLiabilitiesCurrent.

The source filing: Grid Dynamics Holdings, Inc.’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:40 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001743725-26-000014
Line itemAs of / March 31,2026As of / December 31,2025
Liabilities and equity
Current liabilities
Accounts payable$4,330$3,698
Accrued compensation and benefits27,79025,555
Operating lease liabilities, current5,3746,253
Accrued expenses and other current liabilities17,37216,608
Total current liabilities54,86652,114
Deferred tax liabilities7,6907,920

Item 1. Financial Statements (Unaudited)

FAQ

What is Grid Dynamics Holdings, Inc.'s accrued expenses?
Grid Dynamics Holdings, Inc. (GDYN) reported accrued expenses of $27.79M in Q1 2026.
How has Grid Dynamics Holdings, Inc.'s accrued expenses changed year-over-year?
Grid Dynamics Holdings, Inc.'s accrued expenses increased by 2.0% year-over-year, from $27.24M to $27.79M.
What is the long-term trend for Grid Dynamics Holdings, Inc.'s accrued expenses?
Over 5 years (2020 to 2025), Grid Dynamics Holdings, Inc.'s accrued expenses has grown at a 27.9% compound annual growth rate (CAGR), from $7.48M to $25.56M.
What does accrued expenses mean?
Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.

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