What is Grid Dynamics Holdings, Inc.'s change in income taxes?

Grid Dynamics Holdings, Inc. (GDYN) reported change in income taxes of -$471K in Q1 2026.

How has Grid Dynamics Holdings, Inc.'s change in income taxes changed year-over-year?

Grid Dynamics Holdings, Inc.'s change in income taxes increased by 84.5% year-over-year, from -$3.04M to -$471K.

What does change in income taxes mean?

Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.

Grid Dynamics Holdings, Inc. GDYN Change in Income Taxes

Change in Income Taxes at other companies

EPAM SystemsEPAM

-$26.46M-23.2%

AccentureACN

-$146.03M—

InnodataINOD

$1.88M+316%

SHA

SharonAI Holdings, Inc. Class A Common StockSHAZ

$13.52M—

Kyndryl HoldingsKD

$48M+700%

Hewlett Packard EnterpriseHPE

$51M+160%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$8.4M-10.3%

CapEx$4.0M+18.6%

Free cash flow$4.4M-26.3%

Valuation

See full

Market cap$435.69M-55.2%

Enterprise value$125.64M-80.9%

P/E82.5×-6.8×

P/S1.1×-1.6×

Profitability

See full

Gross margin34.1%-2.7pp

Operating margin-1.3%-0.5pp

Net margin1.3%-1.7pp

FCF margin5.7%-0.9pp

Returns & leverage

See full

Return on equity1%-1.4pp

Debt / equity0×0.0×

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:IncreaseDecreaseInAccruedTaxesPayable.

The official record: Grid Dynamics Holdings, Inc.’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

Ask your AI about Grid Dynamics Holdings, Inc.'s change in income taxes.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Grid Dynamics Holdings, Inc.'s change in income taxes?: Grid Dynamics Holdings, Inc. (GDYN) reported change in income taxes of -$471K in Q1 2026.
How has Grid Dynamics Holdings, Inc.'s change in income taxes changed year-over-year?: Grid Dynamics Holdings, Inc.'s change in income taxes increased by 84.5% year-over-year, from -$3.04M to -$471K.
What does change in income taxes mean?: Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.