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Grid Dynamics Holdings, Inc. GDYN Non-US — Cash & Equivalents

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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:CashAndCashEquivalentsAtCarryingValue.

The source filing: Grid Dynamics Holdings, Inc.’s 10-K, filed March 5, 2026.

Filed
Mar 5, 2026, 4:42 PM EST
Fiscal year
FY2025
Accession
0001743725-26-000007

As of December 31, 2025 and 2024, the Company’s cash held outside the U.S. was $48.4 million and $38.6 million, respectively. This included, among others, Switzerland, the U.K., Netherlands, India, Poland, Argentina, Mexico, Armenia, Moldova, Serbia and other countries. The banking sector of Ukraine, Armenia, Moldova, Serbia, Mexico and Argentina remains periodically unstable, as their banking and other financial systems generally do not meet the financial standards of more developed European and American markets, and bank deposits made by corporate entities are not insured. In addition, the Ukrainian financial system was and continues to be significantly impacted by military action launched by Russia against the country. The Company tends to hold cash in Ukraine and other countries with less developed and regulated banking systems where it has operations at levels necessary to cover operating needs of local entities.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Grid Dynamics Holdings, Inc.'s non-us — cash & equivalents?
Grid Dynamics Holdings, Inc. (GDYN) reported non-us — cash & equivalents of $48.4M in Q4 2025.
What does non-us — cash & equivalents mean?
This metric represents the total value of highly liquid assets, such as bank deposits and short-term investments, held by the company's operations located outside of its primary domestic market. It serves as a key indicator of the liquidity available to support international business activities, regional capital expenditures, and local operational requirements. Monitoring this balance helps investors assess the company's ability to manage foreign currency exposure and fund growth initiatives within its non-domestic geographic segments.

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