Grid Dynamics Holdings Inc (GDYN)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	127,005	113,146	120,590	87,728	41,621
Revenue	US$ in thousands	350,571	312,910	310,482	211,280	111,283
Gross profit margin		36.23%	36.16%	38.84%	41.52%	37.40%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $127,005K ÷ $350,571K
= 36.23%

Grid Dynamics Holdings Inc's gross profit margin has fluctuated over the past five years. In December 2020, the gross profit margin was 37.40%, which increased to 41.52% by the end of December 2021. However, in the following years, the margin decreased slightly to 38.84% in December 2022, and then further to 36.16% in December 2023. In the most recent data available as of December 31, 2024, the gross profit margin was recorded at 36.23%.

Overall, the trend indicates some variability in the company's ability to generate profits from its core operations over the years. It is essential for Grid Dynamics Holdings Inc to closely monitor and manage its cost of goods sold and pricing strategies to sustain and potentially improve its gross profit margin in the future.