Grid Dynamics Holdings Inc (GDYN)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,041 | -1,765 | -29,214 | -7,700 | -12,599 |
| Revenue | US$ in thousands | 350,571 | 312,910 | 310,482 | 211,280 | 111,283 |
| Net profit margin | 1.15% | -0.56% | -9.41% | -3.64% | -11.32% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $4,041K ÷ $350,571K
= 1.15%
Grid Dynamics Holdings Inc's net profit margin has shown varying levels of profitability over the past five years, based on the provided data. In December 31, 2020, the net profit margin was -11.32%, indicating that the company incurred a loss relative to its revenue. However, there has been an improvement in subsequent years. By December 31, 2021, the net profit margin improved to -3.64%, although it still remained negative.
In December 31, 2022, the net profit margin further improved to -9.41%, yet it continued to reflect a loss. The company's financial performance saw a significant turnaround by December 31, 2023, as the net profit margin improved to -0.56%, signaling a move towards profitability. By December 31, 2024, Grid Dynamics Holdings Inc achieved a positive net profit margin of 1.15%, indicating that the company was able to generate profit relative to its revenue.
Overall, the trend in Grid Dynamics Holdings Inc's net profit margin over the years suggests a path from losses to profitability, showcasing an improving financial performance and potentially a more sustainable business model. However, further analysis of the company's operations and strategies would be needed to better understand the factors driving these changes in profitability.
Peer comparison
Dec 31, 2024