What is Grid Dynamics Holdings, Inc.'s 162m limitation?

Grid Dynamics Holdings, Inc. (GDYN) reported 162m limitation of $1.46M in Q4 2025.

What does 162m limitation mean?

Reflects the impact of tax code limitations on the deductibility of executive compensation. This adjustment highlights the portion of compensation expenses that are non-deductible for income tax purposes under specific regulatory thresholds.

Grid Dynamics Holdings, Inc. GDYN 162M limitation

162M limitation at other companies

UFP TechnologiesUFPT

$421.25K-13.9%

UFP TechnologiesUFPT

2%-0.7pp

Veeva SystemsVEEV

$3.63M—

Playtika Holding Corp.PLTK

$1.13M+32.4%

Veeva SystemsVEEV

1.2%—

ADTRAN Holdings, Inc.ADTN

$122K—

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 / equity0×0.0×

Current ratio7.9×+0.6×

Where this comes from

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

Tagged under the XBRL concept gdyn:EffectiveIncomeTaxRateReconciliationCompensationLimitationAmount.

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

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What is Grid Dynamics Holdings, Inc.'s 162m limitation?: Grid Dynamics Holdings, Inc. (GDYN) reported 162m limitation of $1.46M in Q4 2025.
What does 162m limitation mean?: Reflects the impact of tax code limitations on the deductibility of executive compensation. This adjustment highlights the portion of compensation expenses that are non-deductible for income tax purposes under specific regulatory thresholds.