Grid Dynamics Holdings (GDYN) Balance Sheet: Assets & Liabilities

Grid Dynamics Holdings (GDYN) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Grid Dynamics Holdings reported total assets of $612.89M and total liabilities of $70.82M. Shareholders' equity was $542.07M, up 4.7% from $517.83M a year earlier. Total debt stood at $17.04M against $342.06M in cash and short-term investments, a net cash position of $325.02M. That puts debt-to-equity at 0.03, compared with 0.02 a year earlier.

Grid Dynamics Holdings Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Grid Dynamics Holdings, Inc. (GDYN) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	342.06	334.66	257.23	256.73	144.36	112.75	42.19	17.86	10.36
Cash & Short-Term Investments	342.06	334.66	257.23	256.73	144.36	112.75	42.19	17.86	10.36
Accounts Receivable	79.49	69.37	53.56	53.95	44.24	18.69	18.93	17.32	12.31
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.43	0.00
Other Current Assets	17.99	19.28	13.19	12.45	4.16	3.18	4.90	2.04	6.31
Total Current Assets	439.53	423.30	323.98	323.13	192.76	134.62	66.02	37.22	28.98
Non-Current Assets
Property, Plant & Equipment (Net)	34.05	26.13	21.80	15.91	6.17	4.09	4.02	3.17	1.25
Long-Term Investments	1.25	0.00	1.30	1.00	0.00	0.00	0.00	221.16	0.00
Goodwill	84.36	83.41	53.87	45.51	35.96	0.00	0.00	0.14	0.14
Intangible Assets	41.61	47.92	31.63	21.86	19.10	22.82	0.02	0.15	0.30
Other Non-Current Assets	3.22	2.66	8.97	6.22	0.00	0.00	0.00	-221.16	0.48
Total Non-Current Assets	173.36	168.89	111.19	88.02	63.96	32.52	5.52	4.50	2.17
Total Assets	612.89	592.19	435.17	411.15	256.72	167.14	71.53	41.73	31.15
Current Liabilities
Accounts Payable	3.70	4.07	3.62	3.90	2.05	0.76	0.77	0.47	0.25
Short-Term Debt	6.25	5.42	4.24	2.51	0.00	0.00	0.00	0.00	0.00
Accrued Liabilities	42.16	46.06	34.37	32.31	0.74	8.62	-	-	-
Deferred Revenue	1.47	2.69	0.58	1.12	1.21	0.00	0.00	0.34	0.00
Other Current Liabilities	40.69	35.26	1.76	4.75	18.83	11.31	6.66	7.38	6.51
Total Current Liabilities	52.11	55.54	42.22	38.71	25.34	13.32	8.30	8.35	6.76
Non-Current Liabilities
Long-Term Debt	10.78	7.21	6.76	5.64	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	7.92	8.91	3.27	3.76	4.32	2.09	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	2.70	3.27	3.76	0.00	0.00	9.19	0.00	0.00
Total Non-Current Liabilities	18.70	18.82	10.04	9.39	4.32	2.09	9.19	7.70	0.00
Total Liabilities	70.82	74.36	52.26	48.10	29.67	15.41	17.49	8.35	6.76
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.00	209.22	0.00
Retained Earnings	-2.18	-11.85	-15.89	-14.12	15.09	22.79	35.39	24.59	17.36
Accumulated Other Comprehensive Income	1.05	-2.91	1.27	-0.85	-0.13	0.00	0.00	-2.68	0.00
Treasury Stock	2.00	-	-	-	-	-	-	-	-
Additional Paid-in Capital	543.19	532.58	397.51	378.01	212.08	128.93	18.65	-200.43	7.04
Shares Outstanding	84.64	83.61	75.89	74.16	66.85	-	-	-	-
Total Stockholders' Equity	542.07	517.83	382.91	363.04	227.05	151.72	54.04	33.38	24.40
Total Liabilities & Equity	612.89	592.19	435.17	411.15	256.72	167.14	71.53	41.73	31.15

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Grid Dynamics Holdings Balance Sheet

How much debt does Grid Dynamics Holdings have?

Grid Dynamics Holdings had total debt of $17.04M as of Dec 31, 2025, against $342.06M in cash and short-term investments. Its debt-to-equity ratio was 0.03. Total debt was $12.63M a year earlier.

What are Grid Dynamics Holdings's total assets?

Grid Dynamics Holdings reported total assets of $612.89M as of Dec 31, 2025, up 3.5% from $592.19M a year earlier. Total liabilities were $70.82M.

What is Grid Dynamics Holdings's shareholders' equity?

Grid Dynamics Holdings's shareholders' equity was $542.07M as of Dec 31, 2025, or about $6.40 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition