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Grid Dynamics Holdings, Inc. GDYN India — Revenue

Other geography segments

United States
$72.64M—
United Kingdom
$10.72M—
Poland
$3.36M—

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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-5.1%
Enterprise value$304.89M-6.5%
P/E116.4×+78.3×
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 / equity0×0.0×
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
United States$70,925$72,638
United Kingdom12,73710,716
India4,0102,279
Poland3,6443,364
Other12,78411,418
Total Revenues$104,100$100,415

Item 1. Financial Statements (Unaudited)

FAQ

What is Grid Dynamics Holdings, Inc.'s india — revenue?
Grid Dynamics Holdings, Inc. (GDYN) reported india — revenue of $4.01M in Q1 2026.
How has Grid Dynamics Holdings, Inc.'s india — revenue changed year-over-year?
Grid Dynamics Holdings, Inc.'s india — revenue increased by 76.0% year-over-year, from $2.28M to $4.01M.
What does india — revenue mean?
This metric represents the total revenue generated by the company from operations or clients located within the India geographic region. It reflects the company's market penetration and business activity levels in this specific territory. Investors use this to assess geographic diversification and the contribution of the Indian market to the company's overall top-line growth.

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