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Grid Dynamics Holdings, Inc.

Grid Dynamics Holdings, Inc.

GDYN

NASDAQTechnologyInformation Technology Services

Open in GoAI

Latest quote

$8.01

+$0.34 · +4.43%

GDYN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

Jul 10, 2026

GoAI Score

Hold

Valuation

58

Fair Value

Sentiment

51

Mixed

Risk

65

High Risk

Momentum

28

Weakening

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

Grid Dynamics Holdings, Inc., along with its affiliated entities, specializes in delivering comprehensive digital transformation services. The company provides expertise in crucial areas such as advanced search capabilities, data analytics, and automated release processes. Its clientele primarily consists of Fortune 1000 organizations across North America, Europe, and various international markets. Grid Dynamics collaborates closely with these major corporations, guiding their digital transformation journeys from strategic planning and early-stage prototype development through to the full-scale implementation of innovative digital platforms. Their service portfolio is extensive, encompassing technical advisory, software design and development, quality assurance testing, and ongoing internet service operations. The firm supports a diverse array of sectors, including retail, technology and telecommunications, media, consumer packaged goods (CPG) and manufacturing, and financial services, among others. Originally established in 2006, the company was formerly known as ChaSerg Technology Acquisition Corp. before adopting its current name. Grid Dynamics maintains its headquarters in San Ramon, California.

Industry
Information Technology Services
Sector
Technology
Headquarters
US
CEO
Leonard Livschitz
Listed since
Oct 30, 2018
Employees
4,838

Market position

Day range

Current $8.01

52-week range

Current $8.01

Open
$7.695
Previous close
$7.67
Volume
1.03M
0.55× average
Average volume
1.87M
Average daily volume
Market cap
649.83M USD
Beta
0.96
Market reference 1
50-day average
$7.7534
+3.31% above average
200-day average
$7.0296
+13.95% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
438.37M USD
P/E (TTM)
291.27×
P/B (TTM)
1.27×
P/S (TTM)
1.54×
EV / EBITDA
18.89×
Earnings yield
1.27%
Free cash flow yield
3.31%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
34.72%
Operating margin
-0.44%
Net margin
0.68%
Return on equity
1.78%
Return on assets
1.58%
Return on invested capital
-0.17%

Financial health

Debt / equity
0.03×
Current ratio
8.43×
Altman Z-score
6.04
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends47%26%6%-15%Gross margin, FY2021: 41.52%Gross margin, FY2022: 38.84%Gross margin, FY2023: 36.16%Gross margin, FY2024: 36.23%Gross margin, FY2025: 34.56%Operating margin, FY2021: 0.02%Operating margin, FY2022: -6.77%Operating margin, FY2023: -1.78%Operating margin, FY2024: -0.60%Operating margin, FY2025: -0.39%Net margin, FY2021: -3.64%Net margin, FY2022: -9.41%Net margin, FY2023: -0.56%Net margin, FY2024: 1.15%Net margin, FY2025: 2.35%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 41.52%. Gross margin FY2022 38.84%. Gross margin FY2023 36.16%. Gross margin FY2024 36.23%. Gross margin FY2025 34.56%. Operating margin FY2021 0.02%. Operating margin FY2022 -6.77%. Operating margin FY2023 -1.78%. Operating margin FY2024 -0.60%. Operating margin FY2025 -0.39%. Net margin FY2021 -3.64%. Net margin FY2022 -9.41%. Net margin FY2023 -0.56%. Net margin FY2024 1.15%. Net margin FY2025 2.35%.

Income trends

Revenue

411.83M USD+17.47%

Operating income

−1.6M USD+24.23%

Net income

9.67M USD+139.25%
Income trends across reported periods455.93M USD279.51M USD103.1M USD−73.32M USDRevenue, FY2021: 211.28M USDRevenue, FY2022: 310.48M USDRevenue, FY2023: 312.91M USDRevenue, FY2024: 350.57M USDRevenue, FY2025: 411.83M USDOperating income, FY2021: 50K USDOperating income, FY2022: −21.01M USDOperating income, FY2023: −5.58M USDOperating income, FY2024: −2.11M USDOperating income, FY2025: −1.6M USDNet income, FY2021: −7.7M USDNet income, FY2022: −29.21M USDNet income, FY2023: −1.77M USDNet income, FY2024: 4.04M USDNet income, FY2025: 9.67M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 211.28M USD. Revenue FY2022 310.48M USD. Revenue FY2023 312.91M USD. Revenue FY2024 350.57M USD. Revenue FY2025 411.83M USD. Operating income FY2021 50K USD. Operating income FY2022 −21.01M USD. Operating income FY2023 −5.58M USD. Operating income FY2024 −2.11M USD. Operating income FY2025 −1.6M USD. Net income FY2021 −7.7M USD. Net income FY2022 −29.21M USD. Net income FY2023 −1.77M USD. Net income FY2024 4.04M USD. Net income FY2025 9.67M USD.
Financial statements: Income statement
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue411.83M USD350.57M USD312.91M USD310.48M USD211.28M USD
Cost of goods sold269.48M USD223.57M USD199.76M USD189.89M USD123.55M USD
Gross profit142.35M USD127.01M USD113.15M USD120.59M USD87.73M USD
Research and development23.67M USD18.35M USD14.74M USD15.77M USD8.46M USD
Selling, general, and administrative120.28M USD110.76M USD103.99M USD125.83M USD79.22M USD
Operating expenses143.94M USD129.11M USD118.73M USD141.6M USD87.68M USD
Interest income17.6M USD13.16M USD———
Depreciation and amortization24.8M USD18.74M USD12.12M USD9.65M USD5.05M USD
Operating income−1.6M USD−2.11M USD−5.58M USD−21.01M USD50K USD
Net income9.67M USD4.04M USD−1.77M USD−29.21M USD−7.7M USD

Company facts updated Oct 9, 2026.

Earnings

EPS beat rate
55%
6 beats, 2 misses, 3 met estimates
Average EPS surprise
+5.44%
11 comparable reports
Latest EPS result
0.11
Estimate 0.11 · Beat by 4.76%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.170.130.10.07Q1 '25BeatQ2 '25BeatQ3 '25MetQ4 '25MetQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 0.12, estimate 0.1, surprise +20.00%, Beat. Q2 2025, reported May 1, 2025: actual 0.11, estimate 0.09, surprise +22.22%, Beat. Q3 2025, reported Jul 31, 2025: actual 0.1, estimate 0.1, surprise 0.00%, Met estimate. Q4 2025, reported Oct 30, 2025: actual 0.09, estimate 0.09, surprise 0.00%, Met estimate. Q1 2026, reported Mar 5, 2026: actual 0.1, estimate 0.09, surprise +11.11%, Beat. Q2 2026, reported Apr 30, 2026: actual 0.09, estimate 0.08, surprise +12.50%, Beat. Q3 2026, reported Jul 30, 2026: actual 0.11, estimate 0.105, surprise +4.76%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 0.125, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates117.29M108.69M100.09M91.49MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 100.28M USD, estimate 96M USD, surprise +4.46%, Beat. Q2 2025, reported May 1, 2025: actual 100.42M USD, estimate 98.36M USD, surprise +2.09%, Beat. Q3 2025, reported Jul 31, 2025: actual 101.1M USD, estimate 105.54M USD, surprise -4.21%, Miss. Q4 2025, reported Oct 30, 2025: actual 104.16M USD, estimate 105.92M USD, surprise -1.66%, Miss. Q1 2026, reported Mar 5, 2026: actual 106.15M USD, estimate 105.93M USD, surprise +0.21%, Beat. Q2 2026, reported Apr 30, 2026: actual 104.1M USD, estimate 103.32M USD, surprise +0.76%, Beat. Q3 2026, reported Jul 30, 2026: actual 108.16M USD, estimate 106.55M USD, surprise +1.51%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 112.77M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$9.00

12.36% upside
Past 12 months12-month forecastHigh $10.00Average $9.00Low $8.00

Rating distribution

9 ratings
Strong buy00%
Buy889%
Hold111%
Sell00%
Strong sell00%

Recent analyst actions

7 institutions
JefferiesdowngradeBuyHold
Northland Capital MarketsmaintainOutperform

GDYN news

defenseworld.net

Grid Dynamics (NASDAQ:GDYN) Shares Gap Up – Still a Buy?

Grid Dynamics Holdings, Inc. (NASDAQ: GDYN - Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $7.88, but opened at $8.23. Grid Dynamics shares last traded at $8.5060,…

Read source
businesswire.com

Grid Dynamics to Announce Third Quarter 2026 Financial Results on October 29th

SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (“Grid Dynamics”), a premier AI transformation partner for the Fortune 1000, today announced that it will host a video conference call at…

Read source
businesswire.com

Grid Dynamics Co-Hosts Physical AI Summit Alongside NVIDIA, EAIGG, and BGV to Accelerate Manufacturing Automation

SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (“Grid Dynamics”), a premier AI transformation partner for the Fortune 1000, announced today that it is co-hosting the Physical AI Summit…

Read source
zacks.com

Grid Dynamics (GDYN) Upgraded to Strong Buy: Here's What You Should Know

Grid Dynamics (GDYN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Read source
defenseworld.net

Head to Head Comparison: Grid Dynamics (NASDAQ:GDYN) and DXC Technology (NYSE:DXC)

DXC Technology (NYSE: DXC - Get Free Report) and Grid Dynamics (NASDAQ: GDYN - Get Free Report) are both small-cap technology companies, but which is the better stock? We will contrast the two businesses based on the…

Read source
zacks.com

Bull of the Day: Grid Dynamics (GDYN)

After transitioning from a crypto miner to an AI company, things are looking good.

Read source

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ETFs holding GDYN

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETFVanguard Morningstar Total Stock Market ETFVTI
Market value
15.87M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$379.56-0.39%
Vanguard Information Technology ETFVanguard Information Technology ETFVGT
Market value
13.61M
Weight
0.01%
AUM
170.2B USD
Expense ratio
0.09%
Price / 1D
$127.25-1.64%
iShares Russell 2000 ETFiShares Russell 2000 ETFIWM
Market value
13.57M
Weight
0.02%
AUM
78.56B USD
Expense ratio
0.19%
Price / 1D
$277.57-0.05%
U.S. Small Cap Value Portfolio ETF Class SharesU.S. Small Cap Value Portfolio ETF Class SharesDFSV
Market value
7.71M
Weight
0.03%
AUM
26.69B USD
Expense ratio
0.33%
Price / 1D
$38.10+0.82%
Vanguard Extended Market ETFVanguard Extended Market ETFVXF
Market value
6.05M
Weight
0.01%
AUM
95.4B USD
Expense ratio
0.05%
Price / 1D
$233.13-0.15%
State Street SPDR S&P Software & Services ETFState Street SPDR S&P Software & Services ETFXSW
Market value
3.43M
Weight
0.72%
AUM
473.48M USD
Expense ratio
0.35%
Price / 1D
$201.78+0.93%
Vanguard Russell 2000 ETFVanguard Russell 2000 ETFVTWO
Market value
3.04M
Weight
0.02%
AUM
18B USD
Expense ratio
0.06%
Price / 1D
$112.1-0.10%
Fidelity Enhanced Small Cap ETFFidelity Enhanced Small Cap ETFFESM
Market value
2.91M
Weight
0.04%
AUM
6.41B USD
Expense ratio
0.28%
Price / 1D
$45.25+0.07%

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