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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$614.94M-4.1%
Enterprise value$304.89M-4.5%
P/E116.4×+78.7×
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:DepreciationAndAmortization.

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 itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Cash flows from operating activities
Net income/(loss)$(1,473)$2,912
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Depreciation and amortization5,2034,719
Operating lease right-of-use assets amortization expense1,3051,236
Bad debt expense281406
Stock-based compensation8,45410,743
Deferred income taxes(583)(267)

Item 1. Financial Statements (Unaudited)

FAQ

What is Grid Dynamics Holdings, Inc.'s D&A?
Grid Dynamics Holdings, Inc. (GDYN) reported D&A of $5.2M in Q1 2026.
How has Grid Dynamics Holdings, Inc.'s D&A changed year-over-year?
Grid Dynamics Holdings, Inc.'s D&A increased by 10.3% year-over-year, from $4.72M to $5.2M.
What is the long-term trend for Grid Dynamics Holdings, Inc.'s D&A?
Over 4 years (2021 to 2025), Grid Dynamics Holdings, Inc.'s D&A has grown at a 40.6% compound annual growth rate (CAGR), from $5.05M to $19.71M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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