GDYN Q1 2023 Earnings — Grid Dynamics Holdings, Inc. Revenue & Financial Results | Market Cap Arena

GDYNGrid Dynamics Holdings, Inc.

$523M

Q1 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$80M+12.1% YoY

Gross Profit

$29M35.7% margin

Operating Income

-$6M-7.5% margin

Net Income

-$8M-10.0% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$10M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$420M

Total Liabilities

$60M

Stockholders' Equity

$360M

Cash & Equivalents

$258M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$80M	$71M	+12.1%
Gross Profit	$29M	$27M	+6.7%
Operating Income	-$6M	$203,000	-3051.7%
Net Income	-$8M	-$3M	-198.8%

Revenue Segments

Technology, Media, And Telecom

$27M33%

Retail

$25M32%

Manufactured Product, Other

$13M16%

Product and Service, Other

$9M11%

Financial Service

$7M8%

Geographic Segments

North America

$64M80%

Europe

$16M20%