Grid Net Income vs Cost Of Revenue Analysis

GDYN Stock

USD 13.64 0.44 3.12%

Grid Dynamics financial indicator trend analysis is much more than just examining Grid Dynamics Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grid Dynamics Holdings is a good investment. Please check the relationship between Grid Dynamics Net Income and its Cost Of Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid Dynamics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Net Income vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grid Dynamics Holdings Net Income account and Cost Of Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Grid Dynamics' Net Income and Cost Of Revenue is -0.65. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Grid Dynamics Holdings, assuming nothing else is changed. The correlation between historical values of Grid Dynamics' Net Income and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Grid Dynamics Holdings are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income i.e., Grid Dynamics' Net Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.65

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Grid Dynamics Holdings financial statement analysis. It represents the amount of money remaining after all of Grid Dynamics Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on Grid Dynamics Holdings income statement and represents the costs associated with goods and services Grid Dynamics provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most indicators from Grid Dynamics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grid Dynamics Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid Dynamics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

At this time, Grid Dynamics' Issuance Of Capital Stock is very stable compared to the past year. As of the 3rd of May 2025, Enterprise Value is likely to grow to about 1.3 B, while Tax Provision is likely to drop about 4 M.

	2022	2023	2024	2025 (projected)
Gross Profit	120.6M	113.1M	127.0M	83.6M
Total Revenue	310.5M	312.9M	350.6M	216.9M

Gross Profit Total Revenue

Grid Dynamics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Property Plant Equipment	Current Deferred Revenue	Non Current Liabilities Total
Total Assets		0.98	1.0	1.0	0.99	0.98	-0.99	-0.87	0.9	1.0	0.99	0.01	0.81	1.0	0.91	0.99	0.72	0.2	0.9	0.97	0.99	1.0	0.98	0.99	0.87	0.55
Other Current Liab	0.98		0.98	0.98	0.95	0.96	-0.96	-0.82	0.84	0.97	0.99	-0.03	0.73	0.97	0.88	1.0	0.71	0.06	0.9	0.95	0.98	0.97	1.0	0.95	0.78	0.56
Total Current Liabilities	1.0	0.98		1.0	0.99	0.99	-0.99	-0.89	0.9	0.99	0.99	0.0	0.77	0.99	0.91	1.0	0.75	0.17	0.92	0.96	1.0	0.99	0.98	0.99	0.86	0.59
Total Stockholder Equity	1.0	0.98	1.0		0.99	0.98	-0.99	-0.87	0.9	1.0	0.99	0.01	0.81	1.0	0.91	0.99	0.73	0.2	0.89	0.97	0.99	1.0	0.98	0.99	0.87	0.54
Net Tangible Assets	0.99	0.95	0.99	0.99		0.97	-1.0	-0.88	0.93	1.0	0.97	0.01	0.85	1.0	0.93	0.98	0.73	0.28	0.86	0.97	0.98	1.0	0.95	0.99	0.91	0.5
Property Plant And Equipment Net	0.98	0.96	0.99	0.98	0.97		-0.97	-0.88	0.88	0.98	0.98	0.04	0.76	0.98	0.89	0.97	0.72	0.14	0.93	0.94	0.99	0.98	0.96	0.98	0.83	0.64
Net Debt	-0.99	-0.96	-0.99	-0.99	-1.0	-0.97		0.87	-0.93	-1.0	-0.98	-0.02	-0.86	-1.0	-0.94	-0.98	-0.73	-0.27	-0.86	-0.97	-0.98	-1.0	-0.96	-0.99	-0.91	-0.53
Retained Earnings	-0.87	-0.82	-0.89	-0.87	-0.88	-0.88	0.87		-0.87	-0.87	-0.86	0.09	-0.67	-0.87	-0.83	-0.86	-0.9	-0.15	-0.88	-0.88	-0.85	-0.87	-0.83	-0.9	-0.88	-0.57
Accounts Payable	0.9	0.84	0.9	0.9	0.93	0.88	-0.93	-0.87		0.91	0.87	0.02	0.86	0.91	0.99	0.87	0.77	0.41	0.76	0.88	0.89	0.91	0.83	0.93	0.96	0.58
Cash	1.0	0.97	0.99	1.0	1.0	0.98	-1.0	-0.87	0.91		0.98	0.02	0.84	1.0	0.92	0.99	0.71	0.25	0.88	0.97	0.99	1.0	0.97	0.99	0.89	0.52
Non Current Assets Total	0.99	0.99	0.99	0.99	0.97	0.98	-0.98	-0.86	0.87	0.98		0.0	0.76	0.98	0.89	1.0	0.73	0.1	0.92	0.96	0.99	0.99	1.0	0.97	0.82	0.58
Non Currrent Assets Other	0.01	-0.03	0.0	0.01	0.01	0.04	-0.02	0.09	0.02	0.02	0.0		-0.01	0.02	-0.02	-0.01	-0.39	0.26	0.15	0.17	0.07	0.02	-0.01	0.03	-0.05	0.18
Other Assets	0.81	0.73	0.77	0.81	0.85	0.76	-0.86	-0.67	0.86	0.84	0.76	-0.01		0.84	0.85	0.77	0.59	0.39	0.56	0.79	0.76	0.82	0.73	0.81	0.88	0.31
Cash And Short Term Investments	1.0	0.97	0.99	1.0	1.0	0.98	-1.0	-0.87	0.91	1.0	0.98	0.02	0.84		0.92	0.99	0.71	0.25	0.88	0.97	0.99	1.0	0.97	0.99	0.89	0.52
Net Receivables	0.91	0.88	0.91	0.91	0.93	0.89	-0.94	-0.83	0.99	0.92	0.89	-0.02	0.85	0.92		0.9	0.77	0.32	0.76	0.88	0.9	0.92	0.87	0.92	0.93	0.6
Good Will	0.99	1.0	1.0	0.99	0.98	0.97	-0.98	-0.86	0.87	0.99	1.0	-0.01	0.77	0.99	0.9		0.74	0.11	0.91	0.96	0.99	0.99	1.0	0.97	0.83	0.57
Common Stock Shares Outstanding	0.72	0.71	0.75	0.73	0.73	0.72	-0.73	-0.9	0.77	0.71	0.73	-0.39	0.59	0.71	0.77	0.74		-0.06	0.71	0.71	0.69	0.72	0.71	0.74	0.79	0.53
Inventory	0.2	0.06	0.17	0.2	0.28	0.14	-0.27	-0.15	0.41	0.25	0.1	0.26	0.39	0.25	0.32	0.11	-0.06		0.03	0.19	0.19	0.24	0.05	0.28	0.49	-0.02
Other Current Assets	0.9	0.9	0.92	0.89	0.86	0.93	-0.86	-0.88	0.76	0.88	0.92	0.15	0.56	0.88	0.76	0.91	0.71	0.03		0.91	0.92	0.89	0.91	0.9	0.72	0.73
Other Stockholder Equity	0.97	0.95	0.96	0.97	0.97	0.94	-0.97	-0.88	0.88	0.97	0.96	0.17	0.79	0.97	0.88	0.96	0.71	0.19	0.91		0.96	0.97	0.95	0.96	0.86	0.52
Total Liab	0.99	0.98	1.0	0.99	0.98	0.99	-0.98	-0.85	0.89	0.99	0.99	0.07	0.76	0.99	0.9	0.99	0.69	0.19	0.92	0.96		0.99	0.98	0.98	0.83	0.61
Total Current Assets	1.0	0.97	0.99	1.0	1.0	0.98	-1.0	-0.87	0.91	1.0	0.99	0.02	0.82	1.0	0.92	0.99	0.72	0.24	0.89	0.97	0.99		0.97	0.99	0.88	0.54
Intangible Assets	0.98	1.0	0.98	0.98	0.95	0.96	-0.96	-0.83	0.83	0.97	1.0	-0.01	0.73	0.97	0.87	1.0	0.71	0.05	0.91	0.95	0.98	0.97		0.95	0.78	0.58
Property Plant Equipment	0.99	0.95	0.99	0.99	0.99	0.98	-0.99	-0.9	0.93	0.99	0.97	0.03	0.81	0.99	0.92	0.97	0.74	0.28	0.9	0.96	0.98	0.99	0.95		0.9	0.57
Current Deferred Revenue	0.87	0.78	0.86	0.87	0.91	0.83	-0.91	-0.88	0.96	0.89	0.82	-0.05	0.88	0.89	0.93	0.83	0.79	0.49	0.72	0.86	0.83	0.88	0.78	0.9		0.48
Non Current Liabilities Total	0.55	0.56	0.59	0.54	0.5	0.64	-0.53	-0.57	0.58	0.52	0.58	0.18	0.31	0.52	0.6	0.57	0.53	-0.02	0.73	0.52	0.61	0.54	0.58	0.57	0.48

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Grid Dynamics Account Relationship Matchups

Grid Dynamics fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	167.1M	256.7M	411.1M	435.2M	592.2M	621.8M
Other Current Liab	11.3M	21.3M	20.5M	24.2M	38.0M	39.9M
Total Current Liabilities	13.3M	25.3M	38.7M	42.2M	55.5M	58.3M
Total Stockholder Equity	151.7M	227.1M	363.0M	382.9M	517.8M	543.7M
Net Tangible Assets	52.9M	128.9M	172.0M	295.7M	340.0M	357.0M
Property Plant And Equipment Net	4.1M	6.2M	15.9M	21.8M	26.1M	27.4M
Net Debt	(112.7M)	(144.4M)	(248.6M)	(246.2M)	(322.0M)	(305.9M)
Retained Earnings	22.8M	15.1M	(14.1M)	(15.9M)	(11.8M)	(11.3M)
Accounts Payable	757K	2.1M	3.9M	3.6M	4.1M	2.2M
Cash	112.7M	144.4M	256.7M	257.2M	334.7M	351.4M
Non Current Assets Total	32.5M	64.0M	88.0M	111.2M	168.9M	177.3M
Non Currrent Assets Other	(26.9M)	(61.2M)	224K	1.2M	2.7M	2.8M
Other Assets	1.5M	5.6M	2.7M	5.2M	6.0M	3.0M
Cash And Short Term Investments	112.7M	144.4M	256.7M	257.2M	334.7M	351.4M
Net Receivables	18.7M	43.3M	53.9M	53.6M	69.4M	39.5M
Good Will	14.7M	36.0M	45.5M	53.9M	83.4M	87.6M
Common Stock Shares Outstanding	44.7M	58.7M	69.2M	75.2M	80.0M	62.0M
Liabilities And Stockholders Equity	167.1M	256.7M	411.1M	435.2M	592.2M	621.8M
Inventory	2.2M	821K	584K	4.3M	1.15	1.09
Other Current Assets	3.2M	5.1M	12.4M	13.2M	19.3M	20.2M
Other Stockholder Equity	128.9M	212.1M	378.0M	397.5M	532.6M	559.2M
Total Liab	15.4M	29.7M	48.1M	52.3M	74.4M	78.1M
Total Current Assets	134.6M	192.8M	323.1M	324.0M	423.3M	444.5M
Intangible Assets	8.1M	19.1M	20.4M	26.5M	47.9M	50.3M
Property Plant Equipment	2.9M	4.1M	6.2M	14.4M	16.6M	17.4M
Current Deferred Revenue	731K	798K	1.9M	1.3M	1.5M	976.1K
Non Current Liabilities Total	2.1M	4.3M	9.4M	10.0M	18.8M	9.7M
Net Invested Capital	151.7M	227.1M	363.0M	382.9M	517.8M	271.9M
Property Plant And Equipment Gross	2.8M	17.9M	15.9M	29.2M	50.8M	53.4M
Accumulated Other Comprehensive Income	(4K)	(126K)	(848K)	1.3M	(2.9M)	(3.1M)
Capital Stock	8.1M	5K	7K	8K	7.2K	6.8K
Net Working Capital	121.3M	167.4M	284.4M	281.8M	367.8M	205.7M
Short Term Debt	8.6M	12.9M	2.5M	18.8M	5.4M	9.7M
Common Stock	8.1M	5K	7K	8K	7.2K	6.8K

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:

How To Invest In Grid

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Is Grid Stock a good investment?

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What is Grid Dynamics' Net Worth?

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Largest Internet Services & Infrastructure Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid Dynamics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Is Internet Services & Infrastructure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Grid Dynamics. If investors know Grid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Grid Dynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.468

Earnings Share

0.05

Revenue Per Share

4.526

Quarterly Revenue Growth

0.285

Return On Assets

0.0041

The market value of Grid Dynamics Holdings is measured differently than its book value, which is the value of Grid that is recorded on the company's balance sheet. Investors also form their own opinion of Grid Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Grid Dynamics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Grid Dynamics' market value can be influenced by many factors that don't directly affect Grid Dynamics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Grid Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Grid Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grid Dynamics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Grid Net Income vs Cost Of Revenue Analysis

Net Income vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Net Income

Cost Of Revenue

Grid Dynamics fundamental ratios Correlations

Grid Dynamics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Grid Dynamics fundamental ratios Accounts

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Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Good Will	+ 1.0	Other Current Liab

Total Current Assets	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Net Debt	- 1.0	Net Tangible Assets
Property Plant Equipment	- 0.99	Net Debt
Net Debt	- 0.99	Total Stockholder Equity