Grid Dynamics Holdings, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $342.1M | $334.7M | $257.2M | $256.7M | $144.4M | $112.7M | $42.2M | $1.0M |
| Accounts Receivable | $79.5M | $69.4M | $53.6M | $48.4M | $38.8M | $16.9M | $13.9M | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $439.5M | $423.3M | $324.0M | $323.1M | $192.8M | $134.6M | $66.0M | $1.2M |
| Property, Plant & Equipment | $17.7M | $14.0M | $11.4M | $8.2M | $6.2M | $4.1M | $4.0M | — |
| Goodwill | $84.4M | $83.4M | $53.9M | $45.5M | $36.0M | $14.7M | $0 | — |
| Intangible Assets (Excl. Goodwill) | $41.6M | $47.9M | $26.5M | $20.4M | $19.1M | $8.1M | $18.0K | — |
| Total Assets | $612.9M | $592.2M | $435.2M | $411.1M | $256.7M | $167.1M | $71.5M | $222.4M |
| Liabilities | ||||||||
| Accounts Payable | $3.7M | $4.1M | $3.6M | $3.9M | $2.1M | $757.0K | $768.0K | — |
| Total Current Liabilities | $52.1M | $55.5M | $42.2M | $38.7M | $25.3M | $13.3M | $8.3M | $445.1K |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $70.8M | $74.4M | $52.3M | $48.1M | $29.7M | $15.4M | $8.3M | $8.1M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-2.2M | $-11.8M | $-15.9M | $-14.1M | $15.1M | $22.8M | $-2.7M | $615.4K |
| Total Stockholders' Equity | $542.1M | $517.8M | $382.9M | $363.0M | $227.1M | $151.7M | $54.0M | $33.4M |