Grid Dynamics Holdings, Inc.
- Open
- 5.65
- Day high
- 5.93
- Day low
- 5.65
- Prev close
- 5.80
- Volume
- 1.6M
- Mkt cap
- $484M
- P/E (TTM)
- 96.8
- EPS (TTM)
- $0.06
- P/B
- 0.9
- P/S
- 1.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$46K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Grid Dynamics Holdings, Inc. (GDYN) is a Technology company listed on NASDAQ. The stock is down 45% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Grid Dynamics Holdings, Inc. (GDYN) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GDYN earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.08 | $0.09 | +12.5% | $104M | +0.8% |
| Mar 5, 2026 | $0.09 | $0.10 | +9.4% | $106M | -0.4% |
| Oct 30, 2025 | $0.09 | $0.09 | +0.0% | $104M | -1.7% |
| Jul 31, 2025 | $0.10 | $0.10 | +0.0% | $101M | -4.2% |
| May 1, 2025 | $0.09 | $0.11 | +22.2% | $100M | +2.1% |
| Feb 20, 2025 | $0.10 | $0.12 | +20.0% | $100M | +4.5% |
| Oct 31, 2024 | $0.10 | $0.10 | +0.0% | $87M | -9.0% |
| Aug 1, 2024 | $0.07 | $0.08 | +14.3% | $83M | +2.4% |
| May 2, 2024 | $0.08 | $0.07 | -12.5% | $80M | +2.5% |
| Feb 22, 2024 | $0.08 | $0.07 | -12.5% | $78M | +1.9% |
| Nov 2, 2023 | $0.08 | $0.08 | +0.0% | $77M | +1.0% |
| Aug 3, 2023 | $0.08 | $0.09 | +12.5% | $77M | +0.9% |
GDYN insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Gryzlov Yuryofficer: CHIEF OPERATING OFFICER | Tax | 1,686 | $6.24 |
| Jul 2, 2026 | Doradla Anilofficer: CHIEF FINANCIAL OFFICER | Tax | 2,118 | $6.24 |
| Jul 2, 2026 | Livschitz Leonarddirector, officer: CHIEF EXECUTIVE OFFICER | Tax | 35,968 | $6.24 |
| Jul 2, 2026 | Gryzlov Yuryofficer: CHIEF OPERATING OFFICER | Sell | 1,245 | $6.29 |
| Jun 1, 2026 | Gryzlov Yuryofficer: CHIEF OPERATING OFFICER | Sell | 4,435 | $8.00 |
| May 26, 2026 | CARNEY LLOYDdirector | Grant | 2,309 | — |
| May 26, 2026 | Livschitz Leonarddirector, officer: CHIEF EXECUTIVE OFFICER | Tax | 162 | $7.08 |
| May 15, 2026 | Gryzlov Yuryofficer: CHIEF OPERATING OFFICER | Sell | 467 | $6.45 |
| May 15, 2026 | Livschitz Leonarddirector, officer: CHIEF EXECUTIVE OFFICER | Tax | 236 | $6.45 |
| May 14, 2026 | Gryzlov Yuryofficer: CHIEF OPERATING OFFICER | Tax | 632 | $6.47 |
| Apr 28, 2026 | Doradla Anilofficer: CHIEF FINANCIAL OFFICER | Tax | 702 | $5.60 |
| Apr 2, 2026 | Gryzlov Yuryofficer: CHIEF OPERATING OFFICER | Tax | 1,686 | $5.64 |
| Apr 2, 2026 | Livschitz Leonarddirector, officer: CHIEF EXECUTIVE OFFICER | Tax | 35,968 | $5.64 |
| Apr 2, 2026 | Gryzlov Yuryofficer: CHIEF OPERATING OFFICER | Sell | 1,245 | $5.54 |
| Apr 2, 2026 | Doradla Anilofficer: CHIEF FINANCIAL OFFICER | Tax | 2,108 | $5.64 |
Source: GDYN SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full GDYN insider & 13F page →Grid Dynamics Holdings, Inc. company profile
Overview
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) is a digital transformation services company founded in 2006 and headquartered in San Ramon, California. The company went public in 2018 and has evolved from a traditional IT services provider into a specialized enterprise digital transformation partner focused on artificial intelligence, cloud platforms, and data analytics. Grid Dynamics serves Fortune 1000 corporations across multiple industries, helping them modernize their technology infrastructure and implement AI-driven solutions to enhance business operations and customer experiences.
Business
Grid Dynamics operates in the enterprise digital transformation services industry, providing technology consulting, software development, and AI implementation services to large corporations. The company specializes in three core areas: search and analytics platforms, artificial intelligence solutions, and release automation systems. These services help enterprises modernize their digital infrastructure, implement AI-driven business processes, and automate software deployment cycles. The digital transformation services industry involves helping traditional businesses adopt modern technology solutions to improve efficiency, customer experience, and competitive positioning. Grid Dynamics acts as a strategic technology partner, working with clients from initial strategy consulting through enterprise-scale implementation of new digital platforms. The company's business is organized around industry verticals rather than service lines: 1. Retail sector represents approximately 32% of revenues, focusing on e-commerce platforms, customer experience optimization, and AI-powered search and recommendation systems for major retailers. 2. Technology, Media, and Telecommunications (TMT) accounts for about 24% of revenues, providing cloud migration, data analytics, and digital platform development for technology companies and media organizations. 3. Financial Services contributes roughly 23% of revenues and has shown explosive growth, delivering regulatory compliance solutions, trading platforms, and AI-driven financial analytics systems. 4. Consumer Packaged Goods (CPG) and Manufacturing represents approximately 11% of revenues, focusing on supply chain optimization, data analytics, and digital commerce platforms. 5. Other verticals including Healthcare and Pharmaceuticals make up the remaining 10% of revenues, with emerging focus areas in life sciences and industrial manufacturing.
Revenue model
Grid Dynamics generates revenue primarily through professional services contracts where clients pay for consulting, software development, and ongoing technology support services. The company operates on a project-based model, typically engaging in multi-year relationships with enterprise clients who require continuous digital transformation support. The company's revenue model includes several components: strategic consulting fees for digital transformation planning, software development charges for building custom applications and platforms, ongoing maintenance and support contracts, and specialized AI implementation services. Grid Dynamics has been shifting toward fixed-capacity engagements linked to specific business outcomes rather than traditional time-and-materials contracts, which provides more predictable revenue streams and better alignment with client value creation. Key factors that positively impact margins include the company's global delivery model leveraging lower-cost talent in India, Eastern Europe, and Latin America, which allows competitive pricing while maintaining profitability. The company's specialization in high-value AI and cloud technologies commands premium pricing compared to commodity IT services. Strategic partnerships with hyperscale cloud providers like Google, AWS, and Microsoft generate referral revenue and provide access to co-selling opportunities. Factors that could pressure margins include wage inflation in key delivery locations, increased competition from larger consulting firms and offshore providers entering the AI services market, and potential client budget constraints during economic downturns. The company's heavy reliance on skilled technical talent makes it vulnerable to talent acquisition costs and retention challenges, particularly in hot technology areas like AI and machine learning.
Competitive moat
Grid Dynamics possesses a moderate competitive moat built primarily around specialized technical expertise and established client relationships. The company's strongest defensive position comes from its deep domain knowledge in AI implementation, particularly in enterprise search, conversational AI, and data analytics platforms. This specialization creates switching costs for clients who have invested in Grid Dynamics-built systems and processes. The company's partnerships with major cloud providers, especially Google Cloud, provide preferential access to new technologies and co-selling opportunities that smaller competitors cannot easily replicate. Grid Dynamics has also built a global delivery model spanning 19 countries, which provides operational flexibility and cost advantages that pure domestic players cannot match. However, the moat is not particularly deep or durable. The digital transformation services industry has relatively low barriers to entry, and Grid Dynamics faces competition from much larger players like Accenture, IBM, and Cognizant, as well as specialized AI consultancies and emerging offshore providers. The company's client relationships, while valuable, are not exclusive, and enterprise clients typically work with multiple technology partners simultaneously. The primary competitive threat comes from hyperscale cloud providers potentially offering competing services directly to enterprise clients, bypassing the need for specialized integrators. Additionally, as AI tools become more commoditized and user-friendly, some of Grid Dynamics' current value proposition may become less differentiated over time.
Risks & safety
Grid Dynamics maintains a strong financial safety profile with minimal solvency risk and conservative capital structure. • Liquidity position: $325.5 million in cash and short-term investments as of Q1 2025, providing substantial operating cushion • Debt levels: Minimal debt with debt-to-equity ratio of only 2.2%, indicating conservative financial management • Cash flow: Positive operating cash flow of $9.4 million in Q1 2025 and $30.2 million for full year 2024, demonstrating operational cash generation • Current ratio: 7.2x indicates strong short-term liquidity position • Valuation metrics: Trading at high multiples with EV/EBITDA of 64x and P/E ratio around 95x, suggesting significant valuation risk • Profitability: Low but positive net margins around 3-4%, with EBITDA margins in mid-to-high single digits • Other considerations: Strong balance sheet provides flexibility for acquisitions and economic downturns, but high valuation multiples leave little room for execution missteps
Recent development
Over the past two years, Grid Dynamics has undergone a significant strategic transformation focused on artificial intelligence capabilities and industry diversification. The company has expanded its AI service offerings from basic implementations to over 30 specialized AI solutions, including agentic AI platforms, enterprise knowledge management systems, and AI-powered search solutions. This shift represents a move from proof-of-concept AI projects to full-scale enterprise AI implementations. The company has pursued an aggressive acquisition strategy, completing purchases of JUXT (UK-based financial services specialist) and Mobile Computing (Argentina-based) to enhance its global delivery capabilities and industry expertise. These acquisitions support Grid Dynamics' goal of diversifying beyond its traditional retail and technology client base into higher-growth sectors like financial services, which has shown 180% year-over-year growth. Grid Dynamics has significantly expanded its global footprint, establishing India as one of its top two countries by headcount and opening new offices across Eastern Europe and Latin America. This expansion supports the company's "Follow the Sun" delivery strategy, enabling 24/7 client support and cost optimization. The company has also deepened its strategic partnerships with hyperscale cloud providers, with partner-driven revenue now representing 18% of total revenues. The company has set ambitious growth targets through its "GigaCube" strategy, aiming to reach $1 billion in annual revenue by expanding across three key industries (life sciences, financial services, industrial manufacturing), three geographies (Americas, Europe, India), and three capability areas (business, technology, and data intersection).
GDYN company profile · for informational purposes only — not investment advice.
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