Grid Financial Statements From 2010 to 2026

Grid Dynamics Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 715.1 M 681 M 213 M Slightly volatile Other Current Liabilities 45.8 M 43.6 M 15.8 M Slightly volatile Total Current Liabilities 67.1 M 63.9 M 22.2 M Slightly volatile Total Stockholder Equity 625.3 M 595.5 M 185.1 M Slightly volatile Net Tangible Assets 357 M 340 M 127.1 M Slightly volatile Property Plant And Equipment Net 31.5 M 30 M 9 M Slightly volatile Accounts Payable 4.9 M 4.7 M 1.6 M Slightly volatile Cash 404.1 M 384.9 M 119.9 M Slightly volatile Non Current Assets Total 203.9 M 194.2 M 52.4 M Slightly volatile Other Assets 3 M 6 M 2.3 M Slightly volatile Cash And Short Term Investments 404.1 M 384.9 M 119.9 M Slightly volatile Net Receivables 83.8 M 79.8 M 31.7 M Slightly volatile Common Stock Shares Outstanding 59.7 M 92 M 36.7 M Slightly volatile Liabilities And Stockholders Equity 715.1 M 681 M 213 M Slightly volatile Inventory 1.09 1.15 489.1 K Pretty Stable Other Current Assets 23.3 M 22.2 M 9.1 M Slightly volatile Total Liabilities 89.8 M 85.5 M 27.9 M Slightly volatile Total Current Assets 511.1 M 486.8 M 160.6 M Slightly volatile Intangible Assets 57.9 M 55.1 M 14.8 M Slightly volatile Property Plant Equipment 17.4 M 16.6 M 6 M Slightly volatile Current Deferred Revenue 912.8 K 1.5 M 676.1 K Slightly volatile Non Current Liabilities Total 22.7 M 21.6 M 9.9 M Slightly volatile Capital Surpluse 256.1 M 243.9 M 90.3 M Slightly volatile Net Invested Capital 625.3 M 595.5 M 189.3 M Slightly volatile Property Plant And Equipment Gross 61.4 M 58.5 M 15.2 M Slightly volatile Net Working Capital 444.1 M 422.9 M 141.6 M Slightly volatile Short Term Debt 5.4 M 4.9 M 6.5 M Pretty Stable Common Stock 6.8 K 7.2 K 110.8 M Slightly volatile Common Stock Total Equity 5.1 K 8.1 K 3.9 K Slightly volatile Short Term Investments 179.2 M 201.6 M 220.1 M Slightly volatile Other Liabilities 3.7 M 4.3 M 2.7 M Slightly volatile Retained Earnings Total Equity 15.2 M 13.6 M 20 M Slightly volatile Deferred Long Term Liabilities 3.5 M 5 M 2.9 M Slightly volatile Short and Long Term Debt Total 11.6 M 14.5 M 9.2 M Slightly volatile
Grid Dynamics Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 22.6 M 21.5 M 6 M Slightly volatile Selling General Administrative 57.4 M 94.5 M 38.7 M Slightly volatile Selling And Marketing Expenses 34.6 M 32.9 M 11.5 M Slightly volatile Total Revenue 216.9 M 403.2 M 158.4 M Slightly volatile Gross Profit 83.6 M 146.1 M 61.6 M Slightly volatile Other Operating Expenses 217.1 M 405.6 M 153.2 M Slightly volatile Research Development 22.2 M 21.1 M 7.8 M Slightly volatile Cost Of Revenue 133.3 M 257.1 M 96.7 M Slightly volatile Total Operating Expenses 83.8 M 148.5 M 56.5 M Slightly volatile Reconciled Depreciation 22.6 M 21.5 M 5.9 M Slightly volatile Interest Income 15.9 M 15.1 M 4.2 M Slightly volatile Net Interest Income 8.8 M 15.1 M 3.2 M Slightly volatile
Grid Dynamics Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Stock Based Compensation 25.9 M 39.3 M 15.2 M Slightly volatile Free Cash Flow 15.9 M 21.2 M 10.8 M Slightly volatile Begin Period Cash Flow 310.6 M 295.8 M 90.2 M Slightly volatile Depreciation 22.6 M 21.5 M 6 M Slightly volatile Capital Expenditures 14.2 M 13.5 M 4.4 M Slightly volatile Total Cash From Operating Activities 21.4 M 34.7 M 14.7 M Slightly volatile End Period Cash Flow 404.7 M 385.4 M 120 M Slightly volatile Change To Netincome 69.4 M 66.1 M 21.9 M Slightly volatile Cash And Cash Equivalents Changes 40.9 M 28.6 M 57.2 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 3.7 4.42 2.9542 Slightly volatile Dividend Yield 0.004 0.0042 0.0293 Slightly volatile PTB Ratio 6.68 3.83 4.3576 Slightly volatile Days Sales Outstanding 52.66 65.0 64.0817 Very volatile Book Value Per Share 3.05 6.02 4.1513 Pretty Stable Free Cash Flow Yield 0.0117 0.0123 0.049 Slightly volatile Operating Cash Flow Per Share 0.45 0.3898 0.6617 Slightly volatile Stock Based Compensation To Revenue 0.0778 0.0877 0.0599 Slightly volatile Capex To Depreciation 1.22 0.72 1.2948 Slightly volatile PB Ratio 6.68 3.83 4.3576 Slightly volatile EV To Sales 3.2 3.6 2.528 Slightly volatile Free Cash Flow Per Share 0.34 0.27 0.5193 Slightly volatile Inventory Turnover 98.02 110 120 Slightly volatile Days Of Inventory On Hand 2.38 2.68 2.9264 Slightly volatile Payables Turnover 93.32 63.19 117 Slightly volatile Sales General And Administrative To Revenue 0.2 0.21 0.2144 Slightly volatile Research And Ddevelopement To Revenue 0.0367 0.0471 0.038 Slightly volatile Capex To Revenue 0.0193 0.0302 0.0204 Slightly volatile Cash Per Share 1.95 3.89 2.2664 Slightly volatile POCF Ratio 42.43 51.35 34.3606 Slightly volatile Payout Ratio 0.23 0.21 0.2104 Slightly volatile Capex To Operating Cash Flow 0.22 0.35 0.2369 Slightly volatile PFCF Ratio 60.85 84.12 49.1193 Slightly volatile Days Payables Outstanding 4.02 5.98 3.8732 Slightly volatile EV To Operating Cash Flow 36.58 41.75 29.2425 Slightly volatile EV To Free Cash Flow 52.33 68.4 41.7327 Slightly volatile Intangibles To Total Assets 0.21 0.2 0.0851 Slightly volatile Current Ratio 5.81 6.86 5.9266 Slightly volatile Tangible Book Value Per Share 2.52 4.49 3.6884 Pretty Stable Receivables Turnover 6.14 5.81 5.6947 Very volatile Graham Number 6.11 3.22 8.8818 Slightly volatile Shareholders Equity Per Share 3.05 6.02 4.1513 Pretty Stable Debt To Equity 0.0202 0.0219 0.0227 Pretty Stable Capex Per Share 0.0784 0.14 0.1382 Slightly volatile Graham Net Net 1.94 3.63 2.433 Slightly volatile Revenue Per Share 4.98 5.2 8.0246 Slightly volatile Interest Debt Per Share 0.11 0.15 0.1235 Slightly volatile Debt To Assets 0.0177 0.0192 0.0201 Pretty Stable Short Term Coverage Ratios 10.11 11.37 12.4125 Slightly volatile Operating Cycle 52.96 65.0 64.2746 Very volatile Price Book Value Ratio 6.68 3.83 4.3576 Slightly volatile Days Of Payables Outstanding 4.02 5.98 3.8732 Slightly volatile Dividend Payout Ratio 0.23 0.21 0.2104 Slightly volatile Price To Operating Cash Flows Ratio 42.43 51.35 34.3606 Slightly volatile Price To Free Cash Flows Ratio 60.85 84.12 49.1193 Slightly volatile Company Equity Multiplier 1.31 1.32 1.2391 Slightly volatile Total Debt To Capitalization 0.0196 0.0214 0.0222 Pretty Stable Debt Equity Ratio 0.0202 0.0219 0.0227 Pretty Stable Quick Ratio 5.8 6.86 5.923 Slightly volatile Dividend Paid And Capex Coverage Ratio 2.69 2.31 2.4307 Slightly volatile Cash Ratio 4.17 5.42 3.6462 Slightly volatile Cash Conversion Cycle 67.29 75.42 62.4455 Slightly volatile Operating Cash Flow Sales Ratio 0.0758 0.0775 0.0858 Pretty Stable Days Of Inventory Outstanding 2.38 2.68 2.9264 Slightly volatile Days Of Sales Outstanding 52.66 65.0 64.0817 Very volatile Free Cash Flow Operating Cash Flow Ratio 0.8 0.7 0.7672 Slightly volatile Cash Flow Coverage Ratios 3.67 2.75 3.7113 Slightly volatile Price To Book Ratio 6.68 3.83 4.3576 Slightly volatile Fixed Asset Turnover 30.76 15.43 39.1784 Slightly volatile Capital Expenditure Coverage Ratio 4.48 2.95 4.5097 Slightly volatile Price Cash Flow Ratio 42.43 51.35 34.3606 Slightly volatile Debt Ratio 0.0177 0.0192 0.0201 Pretty Stable Cash Flow To Debt Ratio 3.67 2.75 3.7113 Slightly volatile Price Sales Ratio 3.7 4.42 2.9542 Slightly volatile Asset Turnover 1.33 0.68 1.6219 Slightly volatile Gross Profit Margin 0.44 0.42 0.4116 Slightly volatile Price Fair Value 6.68 3.83 4.3576 Slightly volatile
Grid Dynamics Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 1.6 B 1.6 B 986.3 M Slightly volatile Enterprise Value 634.1 M 1.3 B 804.1 M Slightly volatile

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Pair Trading with Grid Dynamics

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Grid Dynamics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Grid Dynamics will appreciate offsetting losses from the drop in the long position's value.When determining whether Grid Dynamics Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Grid Dynamics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Grid Dynamics Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Grid Dynamics Holdings Stock:

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