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Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$104.1M+3.7%
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×
Current ratio7.9×+0.6×

Where this comes from

Calculated from Grid Dynamics Holdings, Inc.’s reported figures.

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
Revenues$104,100$100,415
Cost of revenues67,86863,418
Gross profit36,23236,997
Operating expenses
Engineering, research, and development6,0796,486
Sales and marketing7,6948,257
General and administrative26,14024,291
Total operating expenses39,91339,034

Item 1. Financial Statements (Unaudited)

FAQ

What is Grid Dynamics Holdings, Inc.'s gross profit?
Grid Dynamics Holdings, Inc. (GDYN) reported gross profit of $36.23M in Q1 2026.
How has Grid Dynamics Holdings, Inc.'s gross profit changed year-over-year?
Grid Dynamics Holdings, Inc.'s gross profit decreased by 2.1% year-over-year, from $37M to $36.23M.
What is the long-term trend for Grid Dynamics Holdings, Inc.'s gross profit?
Over 4 years (2021 to 2025), Grid Dynamics Holdings, Inc.'s gross profit has grown at a 12.9% compound annual growth rate (CAGR), from $87.73M to $142.35M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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