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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$435.69M-55.2%
Enterprise value$125.64M-80.9%
P/E82.5×-6.8×
P/S1.1×-1.6×

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:AdvertisingExpense.

The official record: Grid Dynamics Holdings, Inc.’s 10-K, filed March 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Grid Dynamics Holdings, Inc.'s advertising costs?
Grid Dynamics Holdings, Inc. (GDYN) reported advertising costs of $275K in Q4 2025.
How has Grid Dynamics Holdings, Inc.'s advertising costs changed year-over-year?
Grid Dynamics Holdings, Inc.'s advertising costs increased by 22.2% year-over-year, from $225K to $275K.
What is the long-term trend for Grid Dynamics Holdings, Inc.'s advertising costs?
Over 2 years (2023 to 2025), Grid Dynamics Holdings, Inc.'s advertising costs has grown at a 4.9% compound annual growth rate (CAGR), from $1M to $1.1M.