GRID DYNAMICS HOLDINGS, INC.
For the period ended Jun 30, 2025. Filed Jul 31, 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.
Jun 30, 2025 · Filed Jul 31, 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 | ||
|---|---|---|
| June 30,2025 | December 31,2024 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $336,752 | $334,655 |
| Trade receivable, net of allowance of $3,308 and $2,747 as of June 30, 2025 and December 31, 2024, respectively | 77,727 | 69,371 |
| Prepaid expenses and other current assets | 18,540 | 19,278 |
| Total current assets | 433,019 | 423,304 |
| Property and equipment, net | 16,260 | 14,018 |
| Operating lease right-of-use assets, net | 14,738 | 12,108 |
| Intangible assets, net | 45,599 | 47,918 |
| Goodwill | 85,189 | 83,407 |
| Deferred tax assets | 9,409 | 8,774 |
| Other noncurrent assets | 4,693 | 2,663 |
| Total assets | $608,907 | $592,192 |
| Liabilities and equity | ||
| Current liabilities | ||
| Accounts payable | $6,299 | $4,069 |
| Accrued compensation and benefits | 27,992 | 21,677 |
| Operating lease liabilities, current | 5,804 | 5,420 |
| Accrued expenses and other current liabilities | 18,628 | 24,378 |
| Total current liabilities | 58,723 | 55,544 |
| Deferred tax liabilities | 8,490 | 8,914 |
| Operating lease liabilities, noncurrent | 9,480 | 7,205 |
| Contingent consideration payable, noncurrent | — | 2,700 |
| Total liabilities | $76,693 | $74,363 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value; 110,000,000 shares authorized; 84,609,767 and 83,608,819 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively | $8 | $8 |
| Additional paid-in capital | 533,389 | 532,578 |
| Accumulated deficit | (3,660) | (11,845) |
| Accumulated other comprehensive income/(loss) | 2,477 | (2,912) |
| Total stockholders’ equity | 532,214 | 517,829 |
| Total liabilities and stockholders’ equity | $608,907 | $592,192 |
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