Grid Dynamics Holdings Inc (GDYN) - Net Assets
Based on the latest financial reports, Grid Dynamics Holdings Inc (GDYN) has net assets worth $537.72 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($613.17 Million) and total liabilities ($75.45 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GDYN cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $537.72 Million |
| % of Total Assets | 87.7% |
| Annual Growth Rate | 54.72% |
| 5-Year Change | 241.3% |
| 10-Year Change | N/A |
| Growth Volatility | 51.82 |
Grid Dynamics Holdings Inc - Net Assets Trend (2017–2024)
This chart illustrates how Grid Dynamics Holdings Inc's net assets have evolved over time, based on quarterly financial data. Also explore Grid Dynamics Holdings Inc (GDYN) total assets for the complete picture of this company's asset base.
Annual Net Assets for Grid Dynamics Holdings Inc (2017–2024)
The table below shows the annual net assets of Grid Dynamics Holdings Inc from 2017 to 2024. For live valuation and market cap data, see market cap of Grid Dynamics Holdings Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $517.83 Million | +35.24% |
| 2023-12-31 | $382.91 Million | +5.47% |
| 2022-12-31 | $363.04 Million | +59.90% |
| 2021-12-31 | $227.05 Million | +49.65% |
| 2020-12-31 | $151.72 Million | +180.74% |
| 2019-12-31 | $54.04 Million | +61.91% |
| 2018-12-31 | $33.38 Million | +36.83% |
| 2017-12-31 | $24.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grid Dynamics Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 168.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.00K | 0.00% |
| Other Comprehensive Income | $-2.91 Million | -0.56% |
| Other Components | $532.58 Million | 102.85% |
| Total Equity | $517.83 Million | 100.00% |
Grid Dynamics Holdings Inc Competitors by Market Cap
The table below lists competitors of Grid Dynamics Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gazit Globe Ltd
TA:GZT
|
$492.80 Million |
|
Hainan Honz Pharmaceutical Co
SHE:300086
|
$492.83 Million |
|
Ventec International Group Co Ltd
TW:6672
|
$492.88 Million |
|
First Trust High Yield Opportunities 2027 Term Fund
NYSE:FTHY
|
$493.13 Million |
|
Zhejiang Wufangzhai Industry Co. Ltd. A
SHG:603237
|
$492.55 Million |
|
Jinsanjiang (Zhaoqing) Silicon Material Company Limited
SHE:301059
|
$492.49 Million |
|
B&S Group SA
AS:BSGR
|
$492.44 Million |
|
Solowin Holdings Ordinary Share
NASDAQ:SWIN
|
$492.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grid Dynamics Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 382,907,000 to 517,829,000, a change of 134,922,000 (35.2%).
- Net income of 4,041,000 contributed positively to equity growth.
- New share issuances of 108,077,000 increased equity.
- Other comprehensive income decreased equity by 4,186,000.
- Other factors increased equity by 26,990,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.04 Million | +0.78% |
| Share Issuances | $108.08 Million | +20.87% |
| Other Comprehensive Income | $-4.19 Million | -0.81% |
| Other Changes | $26.99 Million | +5.21% |
| Total Change | $- | 35.24% |
Book Value vs Market Value Analysis
This analysis compares Grid Dynamics Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.90x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.31x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $4.44 | $5.81 | x |
| 2018-12-31 | $0.66 | $5.81 | x |
| 2019-12-31 | $1.08 | $5.81 | x |
| 2020-12-31 | $3.39 | $5.81 | x |
| 2021-12-31 | $3.87 | $5.81 | x |
| 2022-12-31 | $5.25 | $5.81 | x |
| 2023-12-31 | $5.09 | $5.81 | x |
| 2024-12-31 | $6.47 | $5.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grid Dynamics Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.15%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.14x
- Recent ROE (0.78%) is below the historical average (10.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 54.04% | 18.65% | 2.27x | 1.28x | $10.74 Million |
| 2018 | 27.65% | 10.05% | 2.20x | 1.25x | $5.89 Million |
| 2019 | 20.00% | 9.13% | 1.65x | 1.32x | $5.40 Million |
| 2020 | -8.30% | -11.32% | 0.67x | 1.10x | $-27.77 Million |
| 2021 | -3.39% | -3.64% | 0.82x | 1.13x | $-30.41 Million |
| 2022 | -8.05% | -9.41% | 0.76x | 1.13x | $-65.52 Million |
| 2023 | -0.46% | -0.56% | 0.72x | 1.14x | $-40.06 Million |
| 2024 | 0.78% | 1.15% | 0.59x | 1.14x | $-47.74 Million |
Industry Comparison
This section compares Grid Dynamics Holdings Inc's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $994,464,162
- Average return on equity (ROE) among peers: 2.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grid Dynamics Holdings Inc (GDYN) | $537.72 Million | 54.04% | 0.14x | $492.72 Million |
| Accenture plc (ACN) | $2.68 Billion | 35.12% | 2.34x | $110.67 Billion |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $89.60 Million |
| Applied Digital Corporation (APLD) | $3.63 Million | -76.89% | 0.16x | $7.31 Billion |
| ARB IOT Group Limited Ordinary Shares (ARBB) | $318.84 Million | 8.10% | 0.24x | $8.21 Million |
| ASGN Inc (ASGN) | $1.38 Billion | 12.69% | 1.14x | $904.39 Million |
| Aurora Innovation Inc (AUR) | $1.99 Billion | -40.10% | 0.13x | $8.73 Billion |
| BigBearai Holdings Inc (BBAI) | $11.68 Million | 53.50% | 0.37x | $1.87 Billion |
| Broadridge Financial Solutions Inc (BR) | $745.80 Million | 25.77% | 2.80x | $18.21 Billion |
| BIT Mining Limited (BTCM) | $133.56 Million | 13.10% | 0.18x | $18.91 Million |
| CACI International Inc (CACI) | $2.67 Billion | 17.16% | 1.32x | $11.34 Billion |
About Grid Dynamics Holdings Inc
Grid Dynamics Holdings, Inc., together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. The company provides cloud platform and product engineering services, such as architecting, designing, and building cloud-based platforms and business applications; and artificial intelligence/machine … Read more