What Are Grid Dynamics Holdings Inc.'s Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended 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.
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.