Symbols / GDYN Stock $6.94 -1.49% Grid Dynamics Holdings, Inc.

Technology • Information Technology Services • United States • NCM
GDYN (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Information Technology Services
CEO Mr. Leonard Livschitz
Exch · Country NCM · United States
Market Cap 579.95M
Enterprise Value 278.68M
Income 5.28M
Sales 415.51M
FCF (ttm) 26.81M
Book/sh 6.34
Cash/sh 3.92
Employees 4,964
Insider 10d —
IPO Oct 30, 2018
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 115.58
Forward P/E 12.94
PEG —
P/S 1.40
P/B 1.09
P/C —
EV/EBITDA 12.44
EV/Sales 0.67
Quick Ratio 7.56
Current Ratio 7.88
Debt/Eq 3.29
LT Debt/Eq —
EPS (ttm) 0.06
EPS next Y 0.54
EPS Growth —
Revenue Growth 3.70%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-04-30
ROA 0.23%
ROE 1.01%
ROIC —
Gross Margin 34.07%
Oper. Margin -1.95%
Profit Margin 1.27%
Shs Outstand 83.63M
Shs Float 59.24M
Insider Own 22.80%
Instit Own 82.82%
Short Float 13.24%
Short Ratio 3.33
Short Interest 7.24M
52W High 12.86
vs 52W High -46.07%
52W Low 5.13
vs 52W Low 35.19%
Beta 0.86
Impl. Vol. 92.77%
Rel Volume 0.31
Avg Volume 1.93M
Volume 601.31K
Target (mean) $9.00
Tgt Median $8.00
Tgt Low $7.00
Tgt High $12.00
# Analysts 5
Recom Buy
Prev Close $7.04
Price $6.93
Change -1.49%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$9.00
Mean price target
2. Current target
$6.94
Latest analyst target
3. DCF / Fair value
$5.77
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.94
Low
$7.00
High
$12.00
Mean
$9.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-29 down Jefferies Buy → Hold $8
2026-05-01 main TD Cowen Buy → Buy $10
2026-05-01 main Needham Buy → Buy $8
2026-03-09 main Northland Capital Markets Outperform → Outperform $12
2026-03-06 main TD Cowen Buy → Buy $11
2026-03-06 main Needham Buy → Buy $10
2026-02-18 main JP Morgan Overweight → Overweight $9
2025-10-31 main JP Morgan Overweight → Overweight $10
2025-10-31 main Needham Buy → Buy $13
2025-09-25 reit Needham Buy → Buy $15
2025-09-22 init Jefferies — → Buy $11
2025-08-20 main JP Morgan Overweight → Overweight $11
2025-08-01 main Needham Buy → Buy $15
2025-07-31 main JP Morgan Overweight → Overweight $13
2025-05-02 main Needham Buy → Buy $20
2025-02-21 main Needham Buy → Buy $30
2024-12-12 main Needham Buy → Buy $25
2024-11-01 main TD Cowen Buy → Buy $19
2024-11-01 main Needham Buy → Buy $20
2024-10-30 main JP Morgan Overweight → Overweight $18
News
RSS: Latest GDYN news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-01 GRYZLOV YURY Chief Operating Officer — 4,435 $8.00 $35,480
2026-05-15 GRYZLOV YURY Chief Operating Officer — 467 $6.45 $3,012
2026-04-02 GRYZLOV YURY Chief Operating Officer — 1,245 $5.54 $6,897
2026-03-10 GRYZLOV YURY Chief Operating Officer — 21,266 $6.22 $132,275
2026-02-06 DORADLA ANIL KUMAR Chief Financial Officer — 49,368 $0.00 $0
2026-02-06 GRYZLOV YURY Chief Operating Officer — 98,736 $0.00 $0
2026-02-06 LIVSCHITZ LEONARD Chief Executive Officer — 658,240 $0.00 $0
2026-01-20 LIVSCHITZ LEONARD Chief Executive Officer — 10,000 $9.00 $90,000
2026-01-07 DORADLA ANIL KUMAR Chief Financial Officer — 2,000 $10.00 $20,000
2026-01-06 LIVSCHITZ LEONARD Chief Executive Officer — 10,000 $9.70 $97,000
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
411.83
+17.47%
350.57
+12.04%
312.91
+0.78%
310.48
Operating Revenue
411.83
+17.47%
350.57
+12.04%
312.91
+0.78%
310.48
Cost Of Revenue
269.48
+20.54%
223.57
+11.92%
199.76
+5.20%
189.89
Reconciled Cost Of Revenue
269.48
+20.54%
223.57
+11.92%
199.76
+5.20%
189.89
Gross Profit
142.35
+12.08%
127.00
+12.25%
113.15
-6.17%
120.59
Operating Expense
143.94
+13.60%
126.71
+7.63%
117.73
-16.86%
141.60
Research And Development
23.66
+28.99%
18.35
+24.46%
14.74
-6.54%
15.77
Selling General And Administration
120.28
+11.00%
108.36
+5.22%
102.98
-18.15%
125.83
Selling And Marketing Expense
30.03
+4.93%
28.62
+18.51%
24.15
+21.93%
19.81
General And Administrative Expense
90.25
+13.17%
79.74
+1.15%
78.83
-25.64%
106.02
Other Gand A
90.25
+13.17%
79.74
+1.15%
78.83
-25.64%
106.02
Total Expenses
413.42
+18.03%
350.28
+10.33%
317.49
-4.22%
331.49
Operating Income
-1.59
-640.68%
0.29
+106.44%
-4.58
+78.20%
-21.01
Total Operating Income As Reported
-1.90
+9.98%
-2.10
+62.28%
-5.58
-126.56%
21.01
EBITDA
23.21
+21.94%
19.03
+152.48%
7.54
+166.35%
-11.36
Normalized EBITDA
23.51
+9.69%
21.43
+151.02%
8.54
+175.15%
-11.36
Reconciled Depreciation
24.80
+32.37%
18.74
+54.62%
12.12
+25.61%
9.65
EBIT
-1.59
-640.68%
0.29
+106.44%
-4.58
+78.20%
-21.01
Total Unusual Items
-0.30
+87.50%
-2.40
-140.00%
-1.00
—
Total Unusual Items Excluding Goodwill
-0.30
+87.50%
-2.40
-140.00%
-1.00
—
Special Income Charges
-0.30
+87.50%
-2.40
-140.00%
-1.00
—
Restructuring And Mergern Acquisition
0.30
-87.50%
2.40
+140.00%
1.00
—
Net Income
9.67
+139.25%
4.04
+328.95%
-1.76
+93.96%
-29.21
Pretax Income
15.70
+42.03%
11.05
+128.50%
4.84
+123.65%
-20.45
Net Non Operating Interest Income Expense
17.60
+33.71%
13.16
+26.32%
10.42
+1777.12%
0.56
Net Interest Income
17.60
+33.71%
13.16
+26.32%
10.42
+1777.12%
0.56
Interest Income Non Operating
17.60
+33.71%
13.16
+26.32%
10.42
+1777.12%
0.56
Interest Income
17.60
+33.71%
13.16
+26.32%
10.42
+1777.12%
0.56
Other Income Expense
-0.30
+87.50%
-2.40
-140.00%
-1.00
-280.18%
0.56
Other Non Operating Income Expenses
—
—
10.42
+1777.12%
0.56
Tax Provision
6.03
-13.99%
7.01
+6.22%
6.60
-24.63%
8.76
Tax Rate For Calcs
0.00
+82.86%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-0.12
+77.14%
-0.50
-140.00%
-0.21
0.00
Net Income Including Noncontrolling Interests
9.67
+139.25%
4.04
+328.95%
-1.76
+93.96%
-29.21
Net Income From Continuing Operation Net Minority Interest
9.67
+139.25%
4.04
+328.95%
-1.76
+93.96%
-29.21
Net Income From Continuing And Discontinued Operation
9.67
+139.25%
4.04
+328.95%
-1.76
+93.96%
-29.21
Net Income Continuous Operations
9.67
+139.25%
4.04
+328.95%
-1.76
+93.96%
-29.21
Normalized Income
9.85
+65.96%
5.94
+708.92%
-0.97
+96.66%
-29.21
Net Income Common Stockholders
9.67
+139.25%
4.04
+328.95%
-1.76
+93.96%
-29.21
Diluted EPS
0.11
+120.00%
0.05
+350.00%
-0.02
+95.24%
-0.42
Basic EPS
0.11
+120.00%
0.05
+350.00%
-0.02
+95.24%
-0.42
Basic Average Shares
84.54
+9.13%
77.47
+3.02%
75.19
+8.67%
69.20
Diluted Average Shares
86.89
+8.65%
79.97
+6.36%
75.19
+8.67%
69.20
Diluted NI Availto Com Stockholders
9.67
+139.25%
4.04
+328.95%
-1.76
+93.96%
-29.21
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
612.89
+3.50%
592.19
+36.08%
435.17
+5.84%
411.15
Current Assets
439.53
+3.83%
423.30
+30.66%
323.98
+0.26%
323.13
Cash Cash Equivalents And Short Term Investments
342.06
+2.21%
334.65
+30.10%
257.23
+0.19%
256.73
Cash And Cash Equivalents
342.06
+2.21%
334.65
+30.10%
257.23
+0.19%
256.73
Receivables
79.48
+14.58%
69.37
+29.52%
53.56
-0.72%
53.95
Accounts Receivable
71.26
+10.05%
64.75
+29.97%
49.82
+3.03%
48.36
Gross Accounts Receivable
74.98
+11.08%
67.50
+31.87%
51.19
+4.89%
48.80
Allowance For Doubtful Accounts Receivable
-3.72
-35.46%
-2.75
-101.54%
-1.36
-207.67%
-0.44
Other Receivables
8.22
+78.15%
4.62
+23.61%
3.73
-33.20%
5.59
Taxes Receivable
—
—
—
1.38
Prepaid Assets
—
—
4.00
-6.89%
4.29
Other Current Assets
17.99
-6.70%
19.28
+46.11%
13.19
+61.81%
8.15
Total Non Current Assets
173.36
+2.65%
168.89
+51.90%
111.19
+26.32%
88.02
Net PPE
34.05
+30.33%
26.13
+19.82%
21.80
+37.05%
15.91
Gross PPE
70.48
+38.63%
50.84
+33.04%
38.21
+30.67%
29.25
Accumulated Depreciation
-36.43
-47.41%
-24.71
-50.61%
-16.41
-23.05%
-13.34
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
23.17
+14.55%
20.23
+16.41%
17.38
+18.24%
14.70
Construction In Progress
29.35
+70.86%
17.18
+89.80%
9.05
+45.73%
6.21
Other Properties
16.38
+35.31%
12.11
+15.91%
10.45
+35.77%
7.69
Leases
1.58
+18.89%
1.33
-1.04%
1.34
+107.89%
0.65
Goodwill And Other Intangible Assets
125.97
-4.08%
131.32
+63.31%
80.41
+22.04%
65.89
Goodwill
84.36
+1.15%
83.41
+54.84%
53.87
+18.35%
45.51
Other Intangible Assets
41.61
-13.17%
47.92
+80.51%
26.55
+30.29%
20.38
Non Current Deferred Assets
8.87
+1.04%
8.77
+36.71%
6.42
+28.41%
5.00
Non Current Deferred Taxes Assets
8.87
+1.04%
8.77
+36.71%
6.42
+28.41%
5.00
Other Non Current Assets
4.47
+68.01%
2.66
+4.47%
2.55
+108.25%
1.22
Total Liabilities Net Minority Interest
70.82
-4.77%
74.36
+42.30%
52.26
+8.64%
48.10
Current Liabilities
52.11
-6.18%
55.54
+31.55%
42.22
+9.08%
38.71
Payables And Accrued Expenses
16.87
-30.60%
24.31
+48.37%
16.39
-20.27%
20.55
Payables
10.74
-44.05%
19.20
+42.83%
13.44
-30.16%
19.25
Accounts Payable
3.70
-9.12%
4.07
+12.37%
3.62
-7.08%
3.90
Other Payable
3.37
-52.06%
7.03
—
3.29
Current Accrued Expenses
6.13
+19.96%
5.11
+73.67%
2.94
+126.04%
1.30
Pensionand Other Post Retirement Benefit Plans Current
25.55
+17.89%
21.68
+12.53%
19.26
+47.44%
13.06
Total Tax Payable
3.67
-54.66%
8.10
-17.51%
9.82
-18.59%
12.06
Income Tax Payable
2.16
-68.34%
6.82
-22.75%
8.83
-17.63%
10.72
Current Debt And Capital Lease Obligation
6.25
+15.37%
5.42
+27.98%
4.24
+69.06%
2.50
Current Capital Lease Obligation
6.25
+15.37%
5.42
+27.98%
4.24
+69.06%
2.50
Current Deferred Liabilities
1.47
-45.39%
2.69
+366.20%
0.58
-69.28%
1.88
Current Deferred Revenue
1.47
-45.39%
2.69
+366.20%
0.58
-69.28%
1.88
Other Current Liabilities
1.97
+35.80%
1.45
-17.92%
1.76
+147.61%
0.71
Total Non Current Liabilities Net Minority Interest
18.70
-0.62%
18.82
+87.53%
10.04
+6.85%
9.39
Long Term Debt And Capital Lease Obligation
10.78
+49.66%
7.21
+6.57%
6.76
+19.96%
5.64
Long Term Capital Lease Obligation
10.78
+49.66%
7.21
+6.57%
6.76
+19.96%
5.64
Tradeand Other Payables Non Current
0.00
-100.00%
2.70
0.00
—
Non Current Deferred Liabilities
7.92
-11.15%
8.91
+172.27%
3.27
-12.83%
3.76
Non Current Deferred Taxes Liabilities
7.92
-11.15%
8.91
+172.27%
3.27
-12.83%
3.76
Stockholders Equity
542.07
+4.68%
517.83
+35.24%
382.91
+5.47%
363.04
Common Stock Equity
542.07
+4.68%
517.83
+35.24%
382.91
+5.47%
363.04
Capital Stock
0.01
+0.00%
0.01
+0.00%
0.01
+14.29%
0.01
Common Stock
0.01
+0.00%
0.01
+0.00%
0.01
+14.29%
0.01
Share Issued
84.84
+1.48%
83.61
+10.17%
75.89
+2.33%
74.16
Ordinary Shares Number
84.84
+1.48%
83.61
+10.17%
75.89
+2.33%
74.16
Additional Paid In Capital
545.19
+2.37%
532.58
+33.98%
397.51
+5.16%
378.01
Retained Earnings
-2.18
+81.62%
-11.85
+25.44%
-15.89
-12.50%
-14.12
Gains Losses Not Affecting Retained Earnings
1.05
+136.20%
-2.91
-328.57%
1.27
+250.24%
-0.85
Treasury Stock
2.00
0.00
—
—
Other Equity Adjustments
1.05
+136.20%
-2.91
-328.57%
1.27
+250.24%
-0.85
Total Equity Gross Minority Interest
542.07
+4.68%
517.83
+35.24%
382.91
+5.47%
363.04
Total Capitalization
542.07
+4.68%
517.83
+35.24%
382.91
+5.47%
363.04
Working Capital
387.42
+5.34%
367.76
+30.52%
281.76
-0.93%
284.42
Invested Capital
542.07
+4.68%
517.83
+35.24%
382.91
+5.47%
363.04
Total Debt
17.04
+34.94%
12.62
+14.81%
11.00
+35.07%
8.14
Capital Lease Obligations
17.04
+34.94%
12.62
+14.81%
11.00
+35.07%
8.14
Net Tangible Assets
416.10
+7.66%
386.50
+27.77%
302.49
+1.80%
297.15
Tangible Book Value
416.10
+7.66%
386.50
+27.77%
302.49
+1.80%
297.15
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
40.60
+34.45%
30.20
-26.51%
41.09
+29.83%
31.65
Cash Flow From Continuing Operating Activities
40.60
+34.45%
30.20
-26.51%
41.09
+29.83%
31.65
Net Income From Continuing Operations
9.67
+139.25%
4.04
+328.95%
-1.76
+93.96%
-29.21
Depreciation Amortization Depletion
24.80
+32.37%
18.74
+54.62%
12.12
+25.61%
9.65
Depreciation
24.80
+32.37%
18.74
+54.62%
12.12
+25.61%
9.65
Depreciation And Amortization
24.80
+32.37%
18.74
+54.62%
12.12
+25.61%
9.65
Other Non Cash Items
-6.92
-125.24%
-3.07
+21.18%
-3.90
-5587.32%
0.07
Stock Based Compensation
30.34
-11.19%
34.17
-3.80%
35.52
-41.75%
60.97
Asset Impairment Charge
1.03
-55.19%
2.30
+143.49%
0.94
+615.91%
0.13
Deferred Tax
-1.34
+66.67%
-4.03
+2.58%
-4.14
-13.96%
-3.63
Deferred Income Tax
-1.34
+66.67%
-4.03
+2.58%
-4.14
-13.96%
-3.63
Operating Gains Losses
—
—
—
—
Gain Loss On Investment Securities
—
—
—
—
Change In Working Capital
-16.98
+22.60%
-21.94
-1047.90%
2.31
+136.64%
-6.32
Change In Receivables
-11.14
-17.50%
-9.48
-555.13%
2.08
+121.15%
-9.85
Changes In Account Receivables
-11.14
-17.50%
-9.48
-555.13%
2.08
+121.15%
-9.85
Change In Prepaid Assets
0.54
+106.54%
-8.32
-1527.98%
-0.51
+84.84%
-3.37
Change In Payables And Accrued Expense
4.20
+32400.00%
-0.01
-100.23%
5.71
+29.69%
4.41
Change In Accrued Expense
4.58
+207.18%
1.49
-76.16%
6.25
+133.59%
2.68
Change In Payable
-0.38
+74.85%
-1.50
-179.37%
-0.54
-131.12%
1.73
Change In Account Payable
-0.38
+74.85%
-1.50
-179.37%
-0.54
-131.12%
1.73
Change In Other Working Capital
-5.62
-1454.22%
0.41
+122.60%
-1.84
-136.18%
5.08
Change In Other Current Liabilities
-4.96
-9.25%
-4.54
-44.88%
-3.13
-21.79%
-2.57
Investing Cash Flow
-15.14
+70.50%
-51.30
-97.69%
-25.95
-58.98%
-16.32
Cash Flow From Continuing Investing Activities
-15.14
+70.50%
-51.30
-97.69%
-25.95
-58.98%
-16.32
Net PPE Purchase And Sale
-15.33
-30.32%
-11.77
-49.50%
-7.87
-29.68%
-6.07
Purchase Of PPE
-15.33
-30.32%
-11.77
-49.50%
-7.87
-29.68%
-6.07
Capital Expenditure
-15.33
-30.32%
-11.77
-49.50%
-7.87
-29.68%
-6.07
Net Investment Purchase And Sale
0.00
-100.00%
3.58
0.00
+100.00%
-1.00
Purchase Of Investment
—
0.00
+100.00%
-0.25
+75.00%
-1.00
Sale Of Investment
0.00
-100.00%
3.58
0.00
0.00
Net Business Purchase And Sale
0.20
+100.46%
-43.07
-141.57%
-17.83
-92.67%
-9.25
Purchase Of Business
—
-43.07
-141.57%
-17.83
-92.67%
-9.25
Net Other Investing Changes
—
-0.04
+82.40%
-0.25
—
Financing Cash Flow
-19.94
-119.71%
101.16
+719.83%
-16.32
-116.70%
97.76
Cash Flow From Continuing Financing Activities
-19.94
-119.71%
101.16
+719.83%
-16.32
-116.70%
97.76
Net Issuance Payments Of Debt
—
0.00
0.00
0.00
Issuance Of Debt
—
0.00
0.00
-100.00%
5.00
Repayment Of Debt
—
0.00
0.00
+100.00%
-5.00
Long Term Debt Issuance
—
0.00
0.00
-100.00%
5.00
Long Term Debt Payments
—
0.00
0.00
+100.00%
-5.00
Net Long Term Debt Issuance
—
0.00
0.00
0.00
Net Common Stock Issuance
-2.00
-101.85%
108.08
0.00
-100.00%
109.54
Common Stock Payments
-2.00
0.00
0.00
0.00
Cash Dividends Paid
—
—
—
—
Repurchase Of Capital Stock
-2.00
0.00
0.00
0.00
Proceeds From Stock Option Exercised
0.47
-79.19%
2.25
+341.96%
0.51
-64.39%
1.43
Net Other Financing Charges
-18.41
-100.74%
-9.17
+45.52%
-16.83
-27.40%
-13.21
Changes In Cash
5.53
-93.10%
80.06
+6896.18%
-1.18
-101.04%
113.09
Effect Of Exchange Rate Changes
1.38
+164.57%
-2.13
-227.15%
1.68
+332.13%
-0.72
Beginning Cash Position
335.15
+30.30%
257.23
+0.19%
256.73
+77.83%
144.36
End Cash Position
342.06
+2.06%
335.15
+30.30%
257.23
+0.19%
256.73
Free Cash Flow
25.27
+37.08%
18.43
-44.52%
33.22
+29.86%
25.58
Income Tax Paid Supplemental Data
12.36
+12.68%
10.97
-11.31%
12.37
+65.44%
7.47
Change In Income Tax Payable
—
—
-2.27
-126.64%
8.53
Change In Tax Payable
—
—
-2.27
-126.64%
8.53
Common Stock Issuance
0.00
-100.00%
108.08
0.00
-100.00%
109.54
Issuance Of Capital Stock
0.00
-100.00%
108.08
0.00
-100.00%
109.54
Sale Of Business
0.20
—
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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