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Grid Dynamics Holdings (Grid Dynamics Holdings) Retained Earnings : $-19.8 Mil (As of Mar. 2024)


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What is Grid Dynamics Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Grid Dynamics Holdings's retained earnings for the quarter that ended in Mar. 2024 was $-19.8 Mil.

Grid Dynamics Holdings's quarterly retained earnings increased from Sep. 2023 ($-18.8 Mil) to Dec. 2023 ($-15.9 Mil) but then declined from Dec. 2023 ($-15.9 Mil) to Mar. 2024 ($-19.8 Mil).

Grid Dynamics Holdings's annual retained earnings declined from Dec. 2021 ($15.1 Mil) to Dec. 2022 ($-14.1 Mil) and declined from Dec. 2022 ($-14.1 Mil) to Dec. 2023 ($-15.9 Mil).


Grid Dynamics Holdings Retained Earnings Historical Data

The historical data trend for Grid Dynamics Holdings's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Grid Dynamics Holdings Retained Earnings Chart

Grid Dynamics Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial 35.39 22.79 15.09 -14.12 -15.89

Grid Dynamics Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -22.09 -19.46 -18.79 -15.89 -19.83

Grid Dynamics Holdings Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Grid Dynamics Holdings  (NAS:GDYN) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Grid Dynamics Holdings (Grid Dynamics Holdings) Business Description

Traded in Other Exchanges
N/A
Address
5000 Executive Parkway, Suite 520, San Ramon, CA, USA, 94583
Grid Dynamics Holdings Inc provides enterprise-level digital transformation in the areas of search, analytics, and release automation to Fortune 1000 companies. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. Geographically company earns revenue from North America, Europe and other regions.
Executives
Leonard Livschitz director, officer: Chief Executive Officer C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 250, SAN RAMON CA 94583
Anil Doradla officer: Chief Financial Officer C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Patrick Nicolet director C/O GRID DYNAMICS HOLDINGS. INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Lloyd Carney director C/O MICROMUSE INC, 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Stan Klimoff officer: VP of Corporate Development C/O GRID DYNAMICS HOLDINGS, INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Eric Benhamou director 350 CAMPUS DRIVE, MARLBOROUGH MA 01752
Shuo Zhang director 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Yueou Wang director 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Marina Levinson director C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Vadim Kozyrkov officer: SVP of Engineering C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 520, SAN RAMON CA 94583
Beijing Teamsun Technology Co. Ltd. 10 percent owner ROOM 501, 5/F., NO. 23 BUILDING, 10 E.BLOCK XIBEIWANG E. RD, HAIDIAN DIST, BEIJING F4 0000000
Automated Systems Holdings Ltd 10 percent owner 15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Teamsun Technology (hk) Ltd 10 percent owner UNIT 907, 9TH FLOOR, TAI YAU BUILDING, 181 JOHNSTON ROAD, WANCHAI K3 00000
Gdd International Holding Co 10 percent owner 15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Gdb International Investment Ltd 10 percent owner 15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000