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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments246,176258,368256,729255,188150,018153,308
Cash and cash equivalents246,176258,368256,729255,188150,018153,308
Receivables58,90259,14255,33355,38449,67047,292
Prepaid expense4,8543,8173,3233,8523,8883,431
Other current assets3127272271831561,384
Other undisclosed current assets11,2288,0257,5144,7564,0211,154
Total current assets:321,472330,079323,126319,363207,753206,569
Noncurrent Assets
Operating lease, right-of-use asset11,2038,2347,6945,5854,9295,280
Property, plant and equipment10,0248,8408,2157,5047,3436,854
Intangible assets, net (including goodwill)83,27465,20865,88953,19453,81454,434
Goodwill54,63345,51445,51435,95835,95835,958
Intangible assets, net (excluding goodwill)28,64119,69420,37517,23617,85618,476
Deferred income tax assets3,7345,8184,9983,3343,1532,665
Other noncurrent assets1,5311,4081,2241,1651,181 
Total noncurrent assets:109,76689,50888,02070,78270,42069,233
TOTAL ASSETS:431,238419,587411,146390,145278,173275,802
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,9234,9665,19927,59228,89323,055
Taxes payable7,8015,0583,878
Employee-related liabilities13,53318,50915,946
Accounts payable5,3023,2063,8974,4783,3942,212
Accrued liabilities1,6211,7601,3021,7801,9321,019
Deferred revenue4007261,124   
Business combination, contingent consideration, liability 1,6663,2883,288   
Due to related parties600 600600 
Other liabilities    2,2857,6227,589
Other undisclosed current liabilities44,48140,77829,0991,1601,4532,047
Total current liabilities:53,47050,35838,71031,63738,56832,691
Noncurrent Liabilities
Long-term debt and lease obligation    3,7752,6657,688
Long-term debt, excluding current maturities      4,806
Liabilities, other than long-term debt11,2069,3449,3923,8954,0154,171
Deferred income tax liabilities3,5243,6533,7563,8954,0154,171
Operating lease, liability7,6825,6915,6363,7752,6652,882
Total noncurrent liabilities:11,2069,3449,3927,6706,68011,859
Total liabilities:64,67659,70248,10239,30745,24844,550
Equity
Equity, attributable to parent366,562359,885363,044350,838232,925231,252
Common stock777777
Additional paid in capital384,969382,322378,006360,313234,869219,228
Accumulated other comprehensive income (loss)1,050(353)(848)(2,063)(1,191)(409)
Retained earnings (accumulated deficit)(19,464)(22,091)(14,121)(7,419)(760)12,426
Total equity:366,562359,885363,044350,838232,925231,252
TOTAL LIABILITIES AND EQUITY:431,238419,587411,146390,145278,173275,802

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues77,34280,08080,57681,16177,33571,410
Cost of revenue(49,037)(51,505)(48,296)(48,491)(48,474)(44,631)
Gross profit:28,30528,57532,28032,67028,86126,779
Operating expenses(26,971)(34,567)(37,892)(37,420)(39,710)(26,576)
Operating income (loss):1,334(5,992)(5,612)(4,750)(10,849)203
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3,0081,6824311,450(626)(700)
Income (loss) from continuing operations before income taxes:4,342(4,310)(5,181)(3,300)(11,475)(497)
Income tax expense(1,715)(3,660)(1,521)(3,359)(1,711)(2,170)
Income (loss) from continuing operations:2,627(7,970)(6,702)(6,659)(13,186)(2,667)
Loss before gain (loss) on sale of properties:(6,659)(13,186)(2,667)
Net income (loss) available to common stockholders, diluted:2,627(7,970)(6,702)(6,659)(13,186)(2,667)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):2,627(7,970)(6,702)(6,659)(13,186)(2,667)
Comprehensive income (loss):2,627(7,970)(6,702)(6,659)(13,186)(2,667)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,4034951,215(872)(782)(283)
Comprehensive income (loss), net of tax, attributable to parent:4,030(7,475)(5,487)(7,531)(13,968)(2,950)

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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