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Grid Dynamics Holdings, Inc. logo

Grid Dynamics Holdings, Inc.

GDYN

NASDAQTechnologyInformation Technology Services

Open in GoAI

Previous close

$8.00

+$0.09 · +1.14%

Aug 21, 4:00 PM ET

GDYN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

58

Fair Value

Momentum

28

Weakening

Sentiment

51

Mixed

Risk resilience

35

High Risk

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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 $8.00

52-week range

Current $8.00

Open
$7.89
Previous close
$7.91
Volume
1.2M
0.54× average
Average volume
2.21M
Average daily volume
Market cap
649.02M USD
Beta
0.97
Market reference 1
50-day average
$6.4458
+24.11% above average
200-day average
$7.2002
+11.11% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
290.91×
P/B (TTM)
1.27×
P/S (TTM)
1.54×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
34.72%
Operating margin
-0.44%
Net margin
0.68%

Financial health

Debt / equity
0.03×
Altman Z-score
6.24
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.
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 Aug 24, 2026.

Earnings

Latest fiscal-year EPS
0.11
FY2025 · +117.82% year over year
Latest fiscal-year revenue
411.83M USD
FY2025 · +17.47% year over year
Next fiscal-year EPS consensus
0.44
FY2026 · 4 analysts
Next fiscal-year revenue consensus
438.03M USD
FY2026 · 5 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.860.39-0.07-0.54FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend576.1M443.44M310.78M178.11MFY21FY22FY23FY24FY25FY26FY27FY28

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

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

Recent analyst actions

7 institutions
JefferiesdowngradeBuyHold
Northland Capital MarketsmaintainOutperform

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ETFs holding GDYN

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

iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
13.81M
Weight
0.02%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
13.7M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
11.82M
Weight
0.01%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$118.42+0.05%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
5.17M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
4.85M
Weight
0.03%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
State Street SPDR S&P Software & Services ETF logoState Street SPDR S&P Software & Services ETFXSW
Market value
4.14M
Weight
0.82%
AUM
507.39M USD
Expense ratio
0.35%
Price / 1D
$201.83+1.09%
Dimensional - US Small Cap Value ETF logoDimensional - US Small Cap Value ETFDFSV
Market value
3.61M
Weight
0.04%
AUM
8.42B USD
Expense ratio
0.30%
Price / 1D
$40.29+0.72%
Fidelity Enhanced Small Cap ETF logoFidelity Enhanced Small Cap ETFFESM
Market value
2.84M
Weight
0.04%
AUM
6.03B USD
Expense ratio
0.28%
Price / 1D
$47.94+0.80%

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