Grid Dynamics Holdings, Inc. GDYN R2KR3KTECHAI
Company Overview
Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise artificial intelligence and digital transformation services in North America, Europe, and internationally. The company offers artificial intelligence services, such as AI-Readiness through strategy consulting, data modernization, rapid and deployment-ready prototyping, and software development lifecycle transformation; identify AI use cases service, which deploys AI in customer-facing, operational, and knowledge management scenarios; AI infrastructure agentic systems; and enterprise AI scale, which helps enterprises gain enterprise-wide efficiency with deployment. It also provides cloud platform and product engineering services, including digital engagement, which delivers modular composable commerce platforms; IoT and edge computing, which assists manufacturers and logistics providers in implementing physical AI; and AI and data platforms. The company serves retail, technology, media and telecom, finance, consumer packaged goods and manufacturing, healthcare and pharma, and other verticals. Grid Dynamics Holdings, Inc. was founded in 2006 and is headquartered in San Ramon, California.
Why Investors Should Care
Revenue has grown at a 23.9% CAGR over the past five years.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $411.83M (+17.5% YoY); net profit $9.67M.
- Trailing 12 Months Year-on-year growth — revenue +7.0%, earnings -50.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 23.9%, profit CAGR 0.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 23.90% |
| 1 Year: | 7.00% |
Compounded Profit Growth
| 5 Years: | 0.67% |
| 1 Year: | -50.00% |
Stock Price Performance
| 1 Year: | +0.00% |
| 6 Months: | +21.20% |
| 3 Months: | +23.05% |
| 1 Month: | +6.33% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Grid Dynamics provides enterprise AI and digital-transformation services, including AI-readiness, data modernisation and GenAI solution development.
AI strategy, data engineering and rapid prototyping that take enterprise AI use cases from idea to deployment.
- AI-readiness & strategy Grid Dynamics assesses AI readiness and modernises client data for production AI.
- GenAI solution delivery Rapid, deployment-ready prototyping turns AI use cases into working applications.
- SDLC transformation AI is applied to accelerate clients' software-development lifecycle.
- Engineering-led services firm positioned squarely on enterprise AI demand.
- Profitable (modestly) with strong technical talent and blue-chip clients.
- Thin margins (net ~1%) and revenue concentration in a few large accounts.
- Demand cyclicality and competition from larger integrators are risks.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 23.9% over 5 years.
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 268.7.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | GDYN Grid Dynamics Holdings, Inc. R2KR3KTECHAI | 8.06 | 268.67 | $653.88M | 0.00% | -0.34% | 0.54% | 23.90% | 0.67% |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 230.36 | 35.28 | $5.58T | 0.46% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 319.97 | 36.69 | $4.67T | 0.35% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 499.70 | 27.85 | $3.71T | 0.73% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 426.34 | 37.46 | $2.21T | 0.91% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 357.90 | 59.55 | $1.70T | 0.62% | 16.70% | 37.28% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,016.59 | 22.97 | $1.15T | 0.06% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 477.57 | 122.14 | $779.62B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,714.88 | 58.49 | $658.69B | 0.53% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 26.33M | 39.13M | 47.68M | 57.93M | 71.41M | 77.33M | 81.16M | 80.08M | 77.34M | 77.42M | 79.82M | 83.04M | 87.44M | 100.42M | 101.09M | 104.16M | 104.10M | 108.16M |
| Gross Profit | - | 10.35M | 11.43M | 13.80M | 9.82M | 8.39M | 11.15M | 15.34M | 19.80M | 25.27M | 26.78M | 28.86M | 32.67M | 28.57M | 28.30M | 28.15M | 27.66M | 29.56M | 32.73M | 37.00M | 34.50M | 34.71M | 36.23M | 39.62M |
| Operating Income | -33 | -317.21K | 4.84M | 5.58M | -7.03M | -3.19M | -1.67M | -1.78M | 1.38M | 1.97M | 203.00K | -10.85M | -4.75M | -5.99M | 1.33M | 143.00K | -5.54M | 40.00K | 2.14M | -2.04M | -123.00K | -241.00K | -3.68M | 1.28M |
| Net Income | -33 | 712.00K | 3.54M | 4.45M | -4.60M | -2.17M | -1.12M | -2.06M | -1.48M | -549.00K | -2.67M | -13.19M | -6.66M | -7.97M | 2.63M | 676.00K | -3.95M | -817.00K | 4.28M | 2.91M | 5.27M | 1.18M | -1.47M | 2.85M |
| Diluted EPS | - | 0.04 | 0.16 | 0.20 | -0.16 | -0.04 | -0.02 | -0.04 | -0.03 | -0.01 | -0.04 | -0.20 | -0.10 | -0.11 | 0.03 | 0.01 | -0.05 | -0.01 | 0.05 | 0.03 | 0.06 | 0.01 | -0.02 | 0.03 |
| R&D Expense | - | 1.54M | 656.00K | 1.08M | 2.54M | 2.58M | 2.08M | 1.78M | 1.77M | 2.13M | 3.10M | 3.84M | 4.14M | 4.20M | 3.27M | 3.40M | 4.37M | 4.13M | 4.45M | 6.49M | 6.74M | 5.76M | 6.08M | 6.42M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91.86M | 118.33M | 111.28M | 211.28M | 310.48M | 312.91M | 350.57M | 411.83M |
| Gross Profit | 39.31M | 48.24M | 41.62M | 87.73M | 120.59M | 113.15M | 127.00M | 142.35M |
| Operating Income | 13.83M | 15.62M | -15.45M | 50.00K | -21.01M | -5.58M | -2.10M | -1.90M |
| Net Income | 9.23M | 10.81M | -12.60M | -7.70M | -29.21M | -1.76M | 4.04M | 9.67M |
| Diluted EPS | 0.46 | 0.49 | -0.28 | -0.13 | -0.42 | -0.02 | 0.05 | 0.11 |
| R&D Expense | 2.64M | 4.35M | 9.31M | 8.46M | 15.77M | 14.74M | 18.35M | 23.66M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 222.36M | 71.53M | 167.13M | 256.72M | 411.15M | 435.17M | 592.19M | 612.89M |
| Total Equity | 24.39M | 33.38M | 54.04M | 151.72M | 227.05M | 363.04M | 382.91M | 517.83M | 542.07M |
| Cash & Equivalents | - | 1.01M | 42.19M | 112.75M | 144.36M | 256.73M | 257.23M | 334.65M | 342.06M |
| Total Liabilities | - | 8.15M | 8.30M | 15.41M | 29.67M | 48.10M | 52.26M | 74.36M | 70.82M |
| Current Liabilities | - | 445.12K | 8.30M | 13.32M | 25.34M | 38.71M | 42.22M | 55.54M | 52.11M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 10.58M | 12.53M | 5.93M | 17.97M | 31.65M | 41.09M | 30.20M | 40.60M |
| Investing Cash Flow | -3.08M | -2.81M | -18.34M | -35.37M | -16.32M | -25.95M | -51.30M | -15.14M |
| Financing Cash Flow | - | 14.60M | 82.97M | 49.13M | 97.76M | -16.32M | 101.16M | -19.94M |
| Capital Expenditure | -3.08M | -2.81M | -2.25M | -4.72M | -6.07M | -7.87M | -11.77M | -15.33M |
| Free Cash Flow | 7.50M | 9.72M | 3.68M | 13.26M | 25.58M | 33.22M | 18.43M | 25.27M |
| Share Buybacks | - | 0 | 123.86M | 0 | 0 | 0 | 0 | 2.00M |
| Dividends Paid | - | 2.00M | 0 | 0 | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 42.8% | 40.8% | 37.4% | 41.5% | 38.8% | 36.2% | 36.2% | 34.6% |
| Operating Margin % | 15.1% | 13.2% | -13.9% | 0.0% | -6.8% | -1.8% | -0.6% | -0.5% |
| Net Margin % | 10.0% | 9.1% | -11.3% | -3.6% | -9.4% | -0.6% | 1.2% | 2.3% |
| ROE % | 27.6% | 20.0% | -8.3% | -3.4% | -8.0% | -0.5% | 0.8% | 1.8% |
| ROCE % | 6.2% | 24.7% | -10.0% | 0.0% | -5.6% | -1.4% | -0.4% | -0.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.23% | 6.68M | $53.21M |
| 2 | Alyeska Investment Group, L.p. | 7.48% | 6.07M | $48.35M |
| 3 | T. Rowe Price Investment Management, Inc. | 4.58% | 3.71M | $29.59M |
| 4 | BAMCO Inc. | 3.70% | 3.00M | $23.91M |
| 5 | Vanguard Capital Management LLC | 3.46% | 2.80M | $22.34M |
| 6 | Morgan Stanley | 2.99% | 2.42M | $19.30M |
| 7 | Vanguard Portfolio Management LLC | 2.66% | 2.15M | $17.17M |
| 8 | State Street Corporation | 2.49% | 2.02M | $16.09M |
| 9 | Geode Capital Management, LLC | 2.17% | 1.76M | $14.00M |
| 10 | Federated Hermes, Inc. | 2.15% | 1.75M | $13.91M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for GDYN
Grid Dynamics Holdings (GDYN) Stock Draws Fresh Price Target Split As AI Coding Risks Cloud Demand - Yahoo Finance
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Grid Dynamics (NASDAQ: GDYN) COO sells $31K in stock under preset plan - Stock Titan
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$GDYN stock is up 11% today. Here's what we see in our data. - quiverquant.com
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Bull of the Day: Grid Dynamics (GDYN) - The Globe and Mail
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2 Reasons to Like GDYN (and 1 Not So Much) - Yahoo Finance
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GDYN - Finviz
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GDYN — Frequently Asked Questions
What is the current share price of Grid Dynamics Holdings, Inc. (GDYN)?
As of 2026-09-07 16:24 PDT, Grid Dynamics Holdings, Inc. (GDYN) trades at $8.06 on NasdaqCM. Its 52-week range is $5.21 to $10.06.
What is the market capitalisation of GDYN?
Grid Dynamics Holdings, Inc. (GDYN) has a market capitalisation of $653.88M on NasdaqCM.
What is the P/E ratio of GDYN?
GDYN trades at a trailing price-to-earnings (P/E) ratio of 268.67. The industry average P/E is 32.42. Its price-to-book (P/B) ratio is 1.18.
What is the return on equity (ROE) of GDYN?
GDYN has a return on equity (ROE) of 0.54%. Its return on capital employed (ROCE) is -0.34%.
Is GDYN a good stock to buy?
This page provides a data-driven analysis of Grid Dynamics Holdings, Inc. (GDYN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.