GRID DYNAMICS HOLDINGS INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
GDYN$13.30+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| As of | ||
|---|---|---|
| September 30,2024 | December 31,2023 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $231,261 | $257,227 |
| Accounts receivable, net of allowance of $1,791 and $1,363 as of September 30, 2024 and December 31, 2023, respectively | 64,320 | 49,824 |
| Unbilled receivables | 5,737 | 3,735 |
| Prepaid income taxes | 10,292 | 3,998 |
| Prepaid expenses and other current assets | 11,385 | 9,196 |
| Total current assets | 322,995 | 323,980 |
| Property and equipment, net | 13,965 | 11,358 |
| Operating lease right-of-use assets, net | 12,329 | 10,446 |
| Intangible assets, net | 42,451 | 26,546 |
| Goodwill | 73,875 | 53,868 |
| Deferred tax assets | 7,515 | 6,418 |
| Other noncurrent assets | 4,122 | 2,549 |
| Total assets | $477,252 | $435,165 |
| Liabilities and equity | ||
| Current liabilities | ||
| Accounts payable | $3,717 | $3,621 |
| Accrued compensation and benefits | 22,986 | 19,263 |
| Accrued income taxes | 13,191 | 8,828 |
| Operating lease liabilities, current | 5,179 | 4,235 |
| Accrued expenses and other current liabilities | 9,161 | 6,276 |
| Total current liabilities | 54,234 | 42,223 |
| Deferred tax liabilities | 7,621 | 3,274 |
| Operating lease liabilities, noncurrent | 7,649 | 6,761 |
| Contingent consideration payable, noncurrent | 7,501 | — |
| Total liabilities | 77,005 | 52,258 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value; 110,000,000 shares authorized; 76,742,933 and 75,887,475 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 8 | 8 |
| Additional paid-in capital | 415,425 | 397,511 |
| Accumulated deficit | (16,369) | (15,886) |
| Accumulated other comprehensive income/(loss) | 1,183 | 1,274 |
| Total stockholders’ equity | 400,247 | 382,907 |
| Total liabilities and stockholders’ equity | $477,252 | $435,165 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.