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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments253,713246,176258,368256,729255,188150,018
Cash and cash equivalents253,713246,176258,368256,729255,188150,018
Receivables56,09858,90259,14255,33355,38449,670
Prepaid expense2,8074,8543,8173,3233,8523,888
Other current assets 1,696312727227183156
Other undisclosed current assets11,73911,2288,0257,5144,7564,021
Total current assets:326,053321,472330,079323,126319,363207,753
Noncurrent Assets
Operating lease, right-of-use asset10,47011,2038,2347,6945,5854,929
Property, plant and equipment10,44310,0248,8408,2157,5047,343
Intangible assets, net (including goodwill)82,22083,27465,20865,88953,19453,814
Goodwill54,63354,63345,51445,51435,95835,958
Intangible assets, net (excluding goodwill)27,58728,64119,69420,37517,23617,856
Deferred income tax assets4,8803,7345,8184,9983,3343,153
Other noncurrent assets1,6841,5311,4081,2241,1651,181
Total noncurrent assets:109,697109,76689,50888,02070,78270,420
TOTAL ASSETS:435,750431,238419,587411,146390,145278,173
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,8186,9234,9665,19927,59228,893
Taxes payable7,8015,058
Employee-related liabilities13,53318,509
Accounts payable3,7215,3023,2063,8974,4783,394
Accrued liabilities4,0971,6211,7601,3021,7801,932
Deferred revenue4004007261,124  
Business combination, contingent consideration, liability  1,6663,2883,288  
Due to related parties600 600600
Other liabilities     2,2857,622
Other undisclosed current liabilities44,25244,48140,77829,0991,1601,453
Total current liabilities:52,47053,47050,35838,71031,63738,568
Noncurrent Liabilities
Long-term debt and lease obligation:     3,7752,665
Liabilities, other than long-term debt10,35611,2069,3449,3923,8954,015
Deferred income tax liabilities3,4223,5243,6533,7563,8954,015
Operating lease, liability6,9347,6825,6915,6363,7752,665
Total noncurrent liabilities:10,35611,2069,3449,3927,6706,680
Total liabilities:62,82664,67659,70248,10239,30745,248
Equity
Equity, attributable to parent372,924366,562359,885363,044350,838232,925
Common stock777777
Additional paid in capital391,216384,969382,322378,006360,313234,869
Accumulated other comprehensive income (loss)4891,050(353)(848)(2,063)(1,191)
Accumulated deficit(18,788)(19,464)(22,091)(14,121)(7,419)(760)
Total equity:372,924366,562359,885363,044350,838232,925
TOTAL LIABILITIES AND EQUITY:435,750431,238419,587411,146390,145278,173

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues77,41977,34280,08080,57681,16177,335
Cost of revenue(49,267)(49,037)(51,505)(48,296)(48,491)(48,474)
Gross profit:28,15228,30528,57532,28032,67028,861
Operating expenses(28,009)(26,971)(34,567)(37,892)(37,420)(39,710)
Operating income (loss):1431,334(5,992)(5,612)(4,750)(10,849)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3,1593,0081,6824311,450(626)
Income (loss) from continuing operations before income taxes:3,3024,342(4,310)(5,181)(3,300)(11,475)
Income tax expense (benefit)(2,626)(1,715)(3,660)(1,521)(3,359)(1,711)
Income (loss) from continuing operations:6762,627(7,970)(6,702)(6,659)(13,186)
Loss before gain (loss) on sale of properties:(6,659)(13,186)
Net income (loss) available to common stockholders, diluted:6762,627(7,970)(6,702)(6,659)(13,186)

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income (loss):6762,627(7,970)(6,702)(6,659)(13,186)
Comprehensive income (loss):6762,627(7,970)(6,702)(6,659)(13,186)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(561)1,4034951,215(872)(782)
Comprehensive income (loss), net of tax, attributable to parent:1154,030(7,475)(5,487)(7,531)(13,968)

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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