GRID DYNAMICS HOLDINGS, INC.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $1.0m $142k $112.7m $144.4m $256.7m $257.2m $334.7m $342.1m
Trade receivable, net of allowance of $3,721, and $2,747 as of December 31, 2025 and December 31, 2024, respectively $13.9m $16.9m $38.8m $48.4m $49.8m $69.4m $79.5m
Prepaid expenses and other current assets $194k $138k $2.4m $4.5m $8.2m $9.2m $19.3m $18.0m
Total current assets $1.2m $279k $134.6m $192.8m $323.1m $324.0m $423.3m $439.5m
Property and equipment, net $4.0m $4.1m $6.2m $8.2m $11.4m $14.0m $17.7m
Intangible assets, net $18k $8.1m $19.1m $20.4m $26.5m $47.9m $41.6m
Goodwill $14.7m $36.0m $45.5m $53.9m $83.4m $84.4m
Operating lease right-of-use assets, net $0 $7.7m $10.4m $12.1m $16.4m
Other noncurrent assets $0 $1.2m $2.5m $2.7m $4.5m
Deferred tax assets $5.6m $2.7m $5.0m $6.4m $8.8m $8.9m
Operating lease liabilities, current $0 $2.5m $4.2m $5.4m $6.3m
Accrued expenses and other current liabilities $1.2m $628k $10.7m $8.5m $6.3m $24.4m $16.6m
Operating lease liabilities, noncurrent $0 $5.6m $6.8m $7.2m $10.8m
Contingent consideration payable, noncurrent $0 $2.7m $0
Total stockholders’ equity $5.0m $5.0m $151.7m $227.1m $363.0m $382.9m $517.8m $542.1m
Total assets $222.4m $224.3m $167.1m $256.7m $411.1m $435.2m $592.2m $612.9m
Total liabilities and stockholders’ equity $222.4m $224.3m $167.1m $256.7m $411.1m $435.2m $592.2m $612.9m
Accounts payable $216k $768k $757k $2.1m $3.9m $3.6m $4.1m $3.7m
Accrued compensation and benefits $5.3m $7.5m $10.6m $13.1m $19.3m $21.7m $25.6m
Total current liabilities $445k $5.7m $13.3m $25.3m $38.7m $42.2m $55.5m $52.1m
Deferred Income Tax Liabilities, Net $2.1m $4.3m $3.8m $3.3m $8.9m $7.9m
Total liabilities $8.1m $13.4m $15.4m $29.7m $48.1m $52.3m $74.4m $70.8m
Common stock, $0.0001 par value; 110,000,000 shares authorized; 84,842,637 and 83,608,819 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 722 755 5k 7k 7k 8k 8k 8k
Additional paid-in capital $4.4m $7.7m $128.9m $212.1m $378.0m $397.5m $532.6m $545.2m
Accumulated deficit $615k ($2.7m) $22.8m $15.1m ($14.1m) ($15.9m) ($11.8m) ($2.2m)
Accumulated other comprehensive income/(loss) ($4k) ($126k) ($848k) $1.3m ($2.9m) $1.1m
Treasury stock $0 ($2.0m)