← GRID DYNAMICS HOLDINGS, INC.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income/(loss) | $9.2m | ($3.3m) | ($12.6m) | ($7.7m) | ($29.2m) | ($1.8m) | $4.0m | $9.7m | — | |
| Depreciation and amortization | $1.3m | $2.3m | $2.7m | $5.0m | $6.6m | $8.9m | $14.2m | $19.7m | $25.9m | |
| Operating lease right-of-use assets amortization expense | — | — | $0 | $0 | $3.0m | $3.2m | $4.5m | $5.1m | — | |
| Deferred income taxes | ($566k) | ($425k) | ($4.1m) | $2.6m | ($3.6m) | ($4.1m) | ($4.0m) | ($1.3m) | ($1.2m) | |
| Stock-based compensation | $1.8m | $2.4m | $20.0m | $33.0m | $61.0m | $35.5m | $34.2m | $30.3m | $25.8m | |
| Accounts payable | $219k | $301k | ($49k) | $957k | $1.7m | ($538k) | ($1.5m) | ($378k) | ($1.4m) | |
| Accrued compensation and benefits | $1.7m | $1.4m | ($255k) | $873k | $1.7m | $5.3m | ($274k) | $4.0m | — | |
| Accrued expenses and other current liabilities | — | — | ($1.7m) | $2.1m | $982k | $991k | $1.8m | $556k | — | |
| Prepaid expenses and other assets | ($564k) | $57k | $373k | ($1.2m) | ($3.4m) | ($511k) | ($8.3m) | $544k | — | |
| Net cash provided by operating activities | $10.6m |
($3.0m)
-128.21%
|
$5.9m
+298.68%
|
$18.0m
+202.98%
|
$31.7m
+76.11%
|
$41.1m
+29.83%
|
$30.2m
-26.51%
|
$40.6m
+34.45%
|
$31.4m
-22.75%
|
|
| Purchase of property and equipment | ($3.1m) | ($2.8m) | ($2.3m) | ($4.7m) | ($6.1m) | ($7.9m) | ($11.8m) | ($15.3m) | ($15.4m) | |
| Other investing activities, net | — | — | — | — | $0 | $0 | ($44k) | $0 | — | |
| Net cash used in investing activities | ($3.1m) | $1.8m | ($18.3m) | ($35.4m) | ($16.3m) | ($25.9m) | ($51.3m) | ($15.1m) | ($29.4m) | |
| Bad debt expense | — | $0 | $398k | $45k | $132k | $945k | $2.3m | $1.0m | — | |
| Debt and equity issuance costs | — | — | ($2.3m) | — | — | $0 | ($472k) | ($253k) | — | |
| Payments for repurchases of common stock | — | $0 | ($123.9m) | $0 | $0 | $0 | $0 | ($2.0m) | — | |
| Proceeds from common stock offering | $25k | $0 | $0 | $78.3m | $109.5m | $0 | $108.1m | $0 | — | |
| Payments of tax obligations resulted from net share settlement of vested stock awards | — | — | $0 | ($49.3m) | ($5.8m) | ($16.8m) | ($8.7m) | ($18.2m) | — | |
| Net cash (used in)/provided by financing activities | $221.3m |
$309k
-99.86%
|
$83.0m
+26771.90%
|
$49.1m
-40.78%
|
$97.8m
+98.96%
|
($16.3m)
-116.70%
|
$101.2m
+719.83%
|
($19.9m)
-119.71%
|
— | |
| Cash, cash equivalents and restricted cash, beginning of period | $17.9m | $42.2m | $112.7m | $144.4m | $256.7m | $257.2m | $335.2m | $342.1m | — | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | $0 | ($4k) | ($122k) | ($722k) | $1.7m | ($2.1m) | $1.4m | ($2.2m) | |
| Net increase in cash, cash equivalents, and restricted cash | — | $24.3m | $70.6m | $31.6m | $112.4m | $498k | $77.9m | $6.9m | — | |
| Restricted cash | — | — | — | — | $0 | $0 | $500k | $0 | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Other income, net | — | — | — | $979k | $71k | $324k | ($3.1m) | ($6.9m) | — | |
| Trade receivable | ($1.4m) | ($885k) | ($1.4m) | ($18.7m) | ($8.7m) | ($434k) | ($9.5m) | ($11.1m) | — | |
| Operating lease liabilities | — | — | $0 | $0 | ($2.6m) | ($3.1m) | ($4.5m) | ($5.0m) | — | |
| Income taxes, net | ($36k) | $712k | ($166k) | $532k | $8.5m | ($2.3m) | $415k | ($5.6m) | — | |
| Proceeds from sale of equity securities | — | — | — | — | $0 | $0 | $3.6m | $0 | — | |
| Acquisition of business, net of cash acquired | — | $0 | ($16.1m) | ($30.6m) | ($9.3m) | ($17.8m) | ($43.1m) | $198k | — | |
| Proceeds from exercises of stock options | — | $1.7m | $99k | — | $1.4m | $510k | $2.3m | $469k | — | |
| Acquisition fair value of contingent consideration issued for acquisition of business | — | $0 | $1.9m | $5.0m | $3.3m | $932k | $10.2m | $0 | — | |
| Cash and cash equivalents | $1.0m | — | — | — | $256.7m | $257.2m | $334.7m | $342.1m | $336.9m | |
| Cash paid for income taxes, net of refunds | $1.5m | $1.0m | $2.1m | $2.4m | $7.5m | $12.4m | $11.0m | $12.4m | — |