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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:DeferredRevenueCurrent.

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
Accrued expenses$7,445$6,131
Accrued income taxes2,2322,159
Value added tax payable1,9541,514
Deferred revenue1,8111,469
Contingent consideration payable, current1,2503,370
Other liabilities2,6801,965
Total accrued expenses and other current liabilities$17,372$16,608

Item 1. Financial Statements (Unaudited)

FAQ

What is Grid Dynamics Holdings, Inc.'s deferred revenue?
Grid Dynamics Holdings, Inc. (GDYN) reported deferred revenue of $1.81M in Q1 2026.
How has Grid Dynamics Holdings, Inc.'s deferred revenue changed year-over-year?
Grid Dynamics Holdings, Inc.'s deferred revenue decreased by 17.7% year-over-year, from $2.2M to $1.81M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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