Grid Dynamics Holdings Inc (GDYN)

Net 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
Net income (ttm)	US$ in thousands	4,041	2,419	-1,187	2,257	-1,765	-11,369	-18,704	-34,517	-29,214	-26,118	-20,008	-8,305	-7,700	-8,814	-9,382	-10,065	-12,599	-5,772	-202	5,499
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
Net profit margin		1.15%	0.74%	-0.37%	0.72%	-0.56%	-3.60%	-5.86%	-10.82%	-9.41%	-8.81%	-7.32%	-3.41%	-3.64%	-5.04%	-6.55%	-8.53%	-11.32%	-5.10%	-0.17%	4.42%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,041K ÷ $350,571K
= 1.15%

The net profit margin of Grid Dynamics Holdings Inc has fluctuated significantly over the period from March 31, 2020, to December 31, 2024. Initially starting at a positive level of 4.42% in March 2020, the net profit margin turned negative in the subsequent quarters and reached its lowest point of -11.32% in December 2020.

The company's net profit margin continued to show negative values throughout the following quarters, with improvements seen in some periods but remaining in the negative territory overall. By December 31, 2024, the net profit margin had recovered to a positive level of 1.15%.

The trend in Grid Dynamics Holdings Inc's net profit margin indicates periods of profitability challenges, possibly influenced by factors such as operating expenses, revenue fluctuations, or strategic decisions affecting profitability. It is essential for stakeholders to monitor and assess the company's financial performance to understand the factors driving these changes in the net profit margin.