GRID DYNAMICS HOLDINGS, INC.
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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.
Mar 31, 2025 · Filed May 1, 2025
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 | ||
|---|---|---|
| March 31,2025 | December 31,2024 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $325,547 | $334,655 |
| Trade receivable, net of allowance of $3,225 and $2,747 as of March 31, 2025 and December 31, 2024, respectively | 81,683 | 69,371 |
| Prepaid expenses and other current assets | 14,451 | 19,278 |
| Total current assets | 421,681 | 423,304 |
| Property and equipment, net | 14,881 | 14,018 |
| Operating lease right-of-use assets, net | 11,032 | 12,108 |
| Intangible assets, net | 46,536 | 47,918 |
| Goodwill | 84,051 | 83,407 |
| Deferred tax assets | 9,093 | 8,774 |
| Other noncurrent assets | 3,625 | 2,663 |
| Total assets | $590,899 | $592,192 |
| Liabilities and equity | ||
| Current liabilities | ||
| Accounts payable | $4,670 | $4,069 |
| Accrued compensation and benefits | 27,237 | 21,677 |
| Operating lease liabilities, current | 5,306 | 5,420 |
| Accrued expenses and other current liabilities | 20,987 | 24,378 |
| Total current liabilities | 58,200 | 55,544 |
| Deferred tax liabilities | 9,064 | 8,914 |
| Operating lease liabilities, noncurrent | 6,274 | 7,205 |
| Contingent consideration payable, noncurrent | — | 2,700 |
| Total liabilities | 73,538 | 74,363 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value; 110,000,000 shares authorized; 84,488,401 and 83,608,819 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 8 | 8 |
| Additional paid-in capital | 527,448 | 532,578 |
| Accumulated deficit | (8,933) | (11,845) |
| Accumulated other comprehensive income/(loss) | (1,162) | (2,912) |
| Total stockholders’ equity | 517,361 | 517,829 |
| Total liabilities and stockholders’ equity | $590,899 | $592,192 |
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