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6Material company update
Apr 30, 2026·SEC
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Feb 27, 2026·SEC
Grid Dynamics Holdings, Inc.(GDYN)Earnings, Financials & Key Ratios
GDYN•NASDAQ
$5.21
47.4× P/E·Price updated Jun 25, 2026
AboutGrid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise-level digital transformation services in the areas of search, analytics, and release automation for Fortune 1000 corporations in North America, Europe, and internationally. It works in collaboration with its clients on digital transformation initiatives that cover strategy consulting, early prototypes, and enterprise-scale delivery of new digital platforms. The company offers technical consulting, software design, development, testing, and internet service operations services. It serves customers that operate in the retail, technology and telecommunications, media, consumer packaged goods/manufacturing, financial services, and other sectors. The company was formerly known as ChaSerg Technology Acquisition Corp. and changed its name to Grid Dynamics Holdings, Inc. Grid Dynamics Holdings, Inc. was founded in 2006 and is headquartered in San Ramon, California.Show more
- Revenue$412M+17.5%
- EBITDA$27M+63.0%
- Net Income$10M+139.2%
- EPS (Diluted)0.11+117.8%
- Gross Margin34.56%-4.6%
- EBITDA Margin6.58%+38.8%
- Operating Margin0.56%+193.5%
- Net Margin2.35%+103.7%
- ROE1.82%+103.3%
GDYN Price & Volume
Grid Dynamics Holdings, Inc. (GDYN) stock price & volume — 10-year historical chart
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Decelerating Growth Masks Persistent Operational Margin Compression
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Decelerating
Profitability:Strained
Financial Position:Healthy
Cash Flow:Mixed
Primary Risk:Margin compression and concentration
"Grid Dynamics faces a challenging transition as revenue growth has plummeted from 28.5% in 2024Q4 to a mere 3.7% in 2026Q1, signaling significant friction in its core service verticals. While the company maintains a robust liquidity position with $327.5 million in cash, the persistent reliance on stock-based compensation exceeding $8 million per quarter obscures underlying profitability and dilutes shareholder value. Investors should monitor whether the firm can reverse its negative operating income of -$3.7 million in 2026Q1 before committing capital to this stagnating growth narrative."
Verdict Logic
the company's inability to generate positive operating income, which reached -$3.7 million in 2026Q1, combined with decelerating revenue growth, suggests fundamental challenges that outweigh the current $327.5 million cash position.
GDYN Growth Metrics
Grid Dynamics Holdings, Inc. (GDYN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years29.91%
3 Years9.87%
TTM11.95%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-51.54%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-55.5%
Return on Capital
10 Years12.37%
5 Years-1.68%
3 Years-0.5%
Last Year0.42%
GDYN Recent Earnings
Grid Dynamics Holdings, Inc. (GDYN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$0.09+12.5%
$0.08
Rev
$104M+0.8%
$103M
Q2 2026
Mar 5, 2026Metric
Actual
Est
EPS
$0.10+11.1%
$0.09
Rev
$106M+0.2%
$106M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.09+0.0%
$0.09
Rev
$104M-1.7%
$106M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.10+0.0%
$0.10
Rev
$101M-4.2%
$106M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.09vs $0.08+12.5% | $104Mvs $103M+0.8% |
| Q2 2026 | Mar 5, 2026 | $0.10vs $0.09+11.1% | $106Mvs $106M+0.2% |
| Q4 2025 | Oct 30, 2025 | $0.09vs $0.09+0.0% | $104Mvs $106M-1.7% |
| Q3 2025 | Jul 31, 2025 | $0.10vs $0.10+0.0% | $101Mvs $106M-4.2% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Grid Dynamics Holdings, Inc. (GDYN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $5.21 | $444.69M | 47.36 | 17.47% | 2.35% | 1.82% | — | |
| $77.37 | $4.04B | 11.51 | 15.42% | 6.96% | 10.66% | — | |
| $27.73 | $1.2B | 12.11 | 1.62% | 4.46% | 4.97% | — | |
| $25.22 | $3.94B | 16.38 | 13.56% | 11.66% | 27.16% | — | |
| $47.07 | $860.35M | 24.02 | -5.43% | 2.6% | 27.22% | — | |
| $51.25 | $659.65M | 19.64 | -13.1% | 17.39% | 14.44% | — |
Compare GDYN vs Peers
Grid Dynamics Holdings, Inc. (GDYN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GDYN SEC Filings & Documents
Grid Dynamics Holdings, Inc. (GDYN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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GDYN Frequently Asked Questions
Grid Dynamics Holdings, Inc. (GDYN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Grid Dynamics Holdings, Inc.'s revenue?
Grid Dynamics Holdings, Inc. (GDYN) reported $415.5M in revenue for fiscal year 2025. This represents a 488% increase from $70.7M in 2017.
How fast is Grid Dynamics Holdings, Inc. growing?
Grid Dynamics Holdings, Inc. (GDYN) grew revenue by 17.5% over the past year. This is strong growth.
Is GDYN profitable?
Yes, Grid Dynamics Holdings, Inc. (GDYN) is profitable, generating $5.3M in net income for fiscal year 2025 (2.3% net margin).
Dividend & Returns
What is GDYN's return on equity?
Grid Dynamics Holdings, Inc. (GDYN) has a return on equity (ROE) of 1.8%. This is below average, suggesting room for improvement.
What is Grid Dynamics Holdings, Inc.'s free cash flow?
Grid Dynamics Holdings, Inc. (GDYN) generated $23.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.