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.

Grid Dynamics Holdings, Inc. GDYN Deferred Revenue

Deferred Revenue at other companies

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$1.04B+60.4%

InnodataINOD

$7.15M-10.9%

SnowflakeSNOW

$2.85B+23.5%

CoreWeave, Inc. CRWV

$2.13B+388%

Gloo Holdings, Inc. GLOO

$13.41M—

Kyndryl HoldingsKD

$390M+14.4%

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$435.69M-55.2%

Enterprise value$125.64M-80.9%

P/E82.5×-6.8×

P/S1.1×-1.6×

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 / equity0×0.0×

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

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Questions, answered.

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.