Grid Dynamics Holdings Inc (GDYN)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Gross profit (ttm) US$ in thousands 127,005 118,071 113,494 112,236 113,146 117,312 121,830 122,386 120,590 115,638 108,234 99,170 87,728 72,663 58,551 47,140 41,621 42,023 44,665 47,708
Revenue (ttm) US$ in thousands 350,571 328,358 318,342 312,647 312,910 315,417 319,159 319,152 310,482 296,443 273,215 243,556 211,280 174,869 143,268 117,960 111,283 113,158 118,248 124,506
Gross profit margin 36.23% 35.96% 35.65% 35.90% 36.16% 37.19% 38.17% 38.35% 38.84% 39.01% 39.61% 40.72% 41.52% 41.55% 40.87% 39.96% 37.40% 37.14% 37.77% 38.32%

December 31, 2024 calculation

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

Grid Dynamics Holdings Inc has shown fluctuations in its gross profit margin over the past few years. The trend indicates a slight decline from March 31, 2020, to December 31, 2020. However, starting from March 31, 2021, there has been a steady increase in the gross profit margin until September 30, 2021, reaching its highest point at 41.55%.

Following this peak, the gross profit margin experienced a slight dip in the subsequent quarters, fluctuating in the range of high 30s to low 40s. From December 31, 2021, to December 31, 2024, there has been a gradual decrease in the gross profit margin, indicating potential challenges in maintaining profitability or controlling costs.

Overall, the gross profit margin trend suggests that Grid Dynamics Holdings Inc has managed to improve its operational efficiency and profitability initially but faced some challenges in sustaining this improvement. Further analysis of the company's cost structure and revenue generation would provide more insights into the factors influencing these fluctuations in the gross profit margin.