--- title: "Grid Dynamics Holdings Metrics Guide" description: "Grid Dynamics Holdings Inc. revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios explained." canonical: https://www.getswoopr.com/stocks/companies/grid-dynamics-holdings-inc/financial-metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Grid Dynamics Holdings Inc. Financial Metrics Guide ## Direct Answer > Grid Dynamics Holdings Inc. reported revenue of $412 million for the fiscal year ended December 31, 2025, with an operating margin of -0.5% and net income of $10 million, according to its SEC filings. Revenue grew 17.5% from the prior year. ## What Are Grid Dynamics Holdings Inc.'s Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $412 million | $351 million | $313 million | $310 million | | Operating income | -$2 million | -$2 million | -$6 million | -$21 million | | Operating margin | -0.5% | -0.6% | -1.8% | -6.8% | | Net income | $10 million | $4 million | -$2 million | -$29 million | | Net margin | 2.3% | 1.2% | -0.6% | -9.4% | | Operating cash flow | $41 million | $30 million | $41 million | $32 million | | Capital expenditures | $15 million | $12 million | $8 million | $6 million | | Free cash flow | $25 million | $18 million | $33 million | $26 million | Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $25 million against net income of $10 million; cash generation covered reported earnings. ![Bar chart of Grid Dynamics Holdings Inc. revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $412 million, operating income negative $2 million and net income $10 million.](https://www.getswoopr.com/images/charts/grid-dynamics-holdings-inc-metrics-revenue-profit.webp) *Grid Dynamics Holdings Inc. revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Grid Dynamics Holdings Inc. operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was -0.5% and net margin was 2.3%.](https://www.getswoopr.com/images/charts/grid-dynamics-holdings-inc-metrics-margins.webp) *Grid Dynamics Holdings Inc. operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Grid Dynamics Holdings Inc. operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $41 million, capital expenditures was $15 million, free cash flow was $25 million.](https://www.getswoopr.com/images/charts/grid-dynamics-holdings-inc-metrics-cash-flow.webp) *Grid Dynamics Holdings Inc. operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Grid Dynamics Holdings Inc.'s Balance Sheet Show? | Cash and cash equivalents | $342 million | | --- | --- | | Long-term debt | Not reported | | Total assets | $613 million | | Total liabilities | $71 million | | Shareholders' equity | $542 million | | Current ratio | 8.4x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Grid Dynamics Holdings Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001743725-26-000007 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Grid Dynamics Holdings Inc.'s revenue in fiscal 2025? Grid Dynamics Holdings Inc. reported revenue of $412 million for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Grid Dynamics Holdings Inc.'s operating margin? Grid Dynamics Holdings Inc.'s operating margin was -0.5% in fiscal 2025: operating income of -$2 million on revenue of $412 million. ### How much free cash flow did Grid Dynamics Holdings Inc. generate? Operating cash flow of $41 million less capital expenditures of $15 million gives free cash flow of $25 million for fiscal 2025. ## References - [SEC EDGAR: GRID DYNAMICS HOLDINGS, INC. Form 10-K filed March 5, 2026](https://www.sec.gov/Archives/edgar/data/1743725/000174372526000007/gdyn-20251231.htm) - [SEC EDGAR: GRID DYNAMICS HOLDINGS, INC. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1743725&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Grid Dynamics Holdings Inc. company dossier](https://www.getswoopr.com/stocks/companies/grid-dynamics-holdings-inc/) - [Grid Dynamics Holdings Inc. financial metrics](https://www.getswoopr.com/stocks/companies/grid-dynamics-holdings-inc/financial-metrics/) - [Grid Dynamics Holdings Inc. financial risk indicators](https://www.getswoopr.com/stocks/companies/grid-dynamics-holdings-inc/risks-monitoring/) - [Grid Dynamics Holdings Inc. business model and revenue mix](https://www.getswoopr.com/stocks/companies/grid-dynamics-holdings-inc/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) [Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/) Swoopr's editorial team produces independent investment education content. 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