Grid Dynamics Holdings, Inc. (GDYN) Financial Statements (2024 and earlier)

Company Profile

Business Address 7660 FAY AVENUE
LA JOLLA, CA 92037
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments256,729144,364112,7451421,011
Cash and cash equivalents256,729144,364112,7451421,011
Receivables55,33344,24418,689  
Prepaid expense3,3232,188821138194
Other current assets227463   
Other undisclosed current assets7,5141,5052,361  
Total current assets:323,126192,764134,6162791,206
Noncurrent Assets
Operating lease, right-of-use asset7,694   
Property, plant and equipment8,2156,1694,095  
Intangible assets, net (including goodwill)65,88955,05522,815  
Goodwill45,51435,95814,690  
Intangible assets, net (excluding goodwill)20,37519,0978,125  
Asset, held-in-trust    224,016221,158
Deferred income tax assets4,9982,731  
Other noncurrent assets1,224    
Other undisclosed noncurrent assets   5,609  
Total noncurrent assets:88,02063,95532,519224,016221,158
TOTAL ASSETS:411,146256,719167,135224,295222,364
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,19915,7459,4845,359216
Taxes payable1,9801,24819217
Employee-related liabilities10,5627,479  
Accounts payable3,8972,053757  
Accrued liabilities1,3021,150  11
Other undisclosed accounts payable and accrued liabilities    5,340(12)
Deferred revenue1,124   
Debt    300 
Business combination, contingent consideration, liability 3,288    
Due to related parties   20 
Other liabilities  9,5993,206  
Other undisclosed current liabilities29,099 62819229
Total current liabilities:38,71025,34413,3185,698445
Noncurrent Liabilities
Liabilities, other than long-term debt9,3924,3242,093  
Deferred income tax liabilities3,7564,3242,093 
Operating lease, liability5,636   
Other undisclosed noncurrent liabilities    7,7007,700
Total noncurrent liabilities:9,3924,3242,0937,7007,700
Total liabilities:48,10229,66815,41113,3988,145
Equity
Equity, attributable to parent, including:363,044227,051151,7245,0005,000
Common stock775  
Additional paid in capital378,006212,077128,9307,7064,384
Accumulated other comprehensive income (loss)(848)(126)(4)  
Retained earnings (accumulated deficit)(14,121)15,09322,793(2,707)615
Other undisclosed equity, attributable to parent    11
Other undisclosed equity    205,897 
Total equity:363,044227,051151,724210,8975,000
Other undisclosed liabilities and equity     209,219
TOTAL LIABILITIES AND EQUITY:411,146256,719167,135224,295222,364

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues310,482211,280111,283  
Cost of revenue(189,892)(123,552)(69,662)  
Gross profit:120,59087,72841,621  
Operating expenses(141,598)(87,678)(57,069)(7,144) 
Operating income (loss):(21,008)50(15,448)(7,144) 
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
555(2,502)236  
Interest and debt expense    4,665 
Loss from continuing operations before income taxes:(20,453)(2,452)(15,212)(2,479) 
Income tax expense (benefit)(8,761)(5,248)2,613(843) 
Loss from continuing operations:(29,214)(7,700)(12,599)(3,322) 
Loss before gain (loss) on sale of properties:(7,700)(12,599)(3,322) 
Net loss available to common stockholders, diluted:(29,214)(7,700)(12,599)(3,322) 

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(29,214)(7,700)(12,599)(3,322) 
Other comprehensive loss   (300)  
Comprehensive loss:(29,214)(7,700)(12,899)(3,322) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(722)(122)296  
Comprehensive loss, net of tax, attributable to parent:(29,936)(7,822)(12,603)(3,322) 

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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