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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%
Gross profit$36.2M-2.1%
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

Reported directly by Grid Dynamics Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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
Sales and marketing7,6948,257
General and administrative26,14024,291
Total operating expenses39,91339,034
Loss from operations(3,681)(2,037)
Other income, net3,2414,506
Income/(loss) before income taxes(440)2,469
Provision/(benefit) for income taxes1,033(443)
Net income/(loss)$(1,473)$2,912

Item 1. Financial Statements (Unaudited)

FAQ

What is Grid Dynamics Holdings, Inc.'s operating income?
Grid Dynamics Holdings, Inc. (GDYN) reported operating income of -$3.68M in Q1 2026.
How has Grid Dynamics Holdings, Inc.'s operating income changed year-over-year?
Grid Dynamics Holdings, Inc.'s operating income decreased by 80.7% year-over-year, from -$2.04M to -$3.68M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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