GRID DYNAMICS HOLDINGS, INC.
For the period ended Sep 30, 2025. Filed Oct 30, 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.
Sep 30, 2025 · Filed Oct 30, 2025
GDYN$14.06+5.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income/(Loss)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME/(LOSS)
(In thousands, except per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $104,163 | $87,435 | $305,673 | $250,289 |
| Cost of revenues | 69,452 | 54,706 | 199,462 | 160,332 |
| Gross profit | 34,711 | 32,729 | 106,211 | 89,957 |
| Operating expenses | ||||
| Engineering, research, and development | 5,759 | 4,446 | 18,989 | 12,945 |
| Sales and marketing | 7,339 | 6,817 | 22,712 | 21,395 |
| General and administrative | 21,854 | 19,330 | 66,911 | 58,983 |
| Total operating expenses | 34,952 | 30,593 | 108,612 | 93,323 |
| (Loss)/income from operations | (241) | 2,136 | (2,401) | (3,366) |
| Other income, net | 3,364 | 3,466 | 15,294 | 8,656 |
| Income before income tax | 3,123 | 5,602 | 12,893 | 5,290 |
| Provision for income taxes | 1,946 | 1,320 | 3,531 | 5,773 |
| Net income/(loss) | $1,177 | $4,282 | $9,362 | $(483) |
| Income/(loss) per share | ||||
| Basic | $0.01 | $0.06 | $0.11 | $(0.01) |
| Diluted | $0.01 | $0.05 | $0.11 | $(0.01) |
| Weighted-average shares outstanding | ||||
| Basic | 84,695 | 76,697 | 84,467 | 76,485 |
| Diluted | 85,839 | 78,837 | 86,740 | 76,485 |
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