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GDYN

Grid Dynamics Holdings, Inc.

GDYN

Grid Dynamics Holdings, Inc. • NASDAQ
$8.76 ▲ 1.04% (+0.09)
Market Cap $742.54 M
52w High $25.50
52w Low $7.37
Dividend Yield 0%
P/E 51.53
Volume 277.70K
Outstanding Shares 84.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $104.163M ▲ $34.952M ▲ $1.177M ▼ 1.13% ▼ $0.014 ▼ $3.493M ▼
Q2-2025 $101.095M ▲ $34.626M ▼ $5.273M ▲ 5.216% ▲ $0.062 ▲ $6.013M ▲
Q1-2025 $100.415M ▲ $39.034M ▲ $2.912M ▼ 2.9% ▼ $0.035 ▼ $3.918M ▼
Q4-2024 $100.282M ▲ $31.577M ▲ $4.524M ▲ 4.511% ▼ $0.056 ▲ $7.118M ▲
Q3-2024 $87.435M $30.593M $4.282M 4.897% $0.056 $6.748M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $338.553M ▲ $613.169M ▲ $75.448M ▼ $537.721M ▲
Q2-2025 $336.882M ▲ $608.907M ▲ $76.693M ▲ $532.214M ▲
Q1-2025 $325.547M ▼ $590.899M ▼ $73.538M ▼ $517.361M ▼
Q4-2024 $334.655M ▲ $592.192M ▲ $74.363M ▼ $517.829M ▲
Q3-2024 $231.261M $477.252M $77.005M $400.247M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.177M ▼ $6.973M ▼ $-4.026M ▼ $-631K ▲ $1.671M ▼ $2.947M ▼
Q2-2025 $16.854M ▲ $14.38M ▲ $-3.974M ▼ $-1.018M ▲ $10.895M ▲ $10.208M ▲
Q1-2025 $2.912M ▼ $9.351M ▲ $-3.339M ▲ $-15.835M ▼ $-9.168M ▼ $6.012M ▲
Q4-2024 $4.524M ▲ $7.068M ▼ $-9.987M ▲ $108.93M ▲ $103.894M ▲ $4.428M ▼
Q3-2024 $4.282M $9.213M $-34.471M $142K $-24.781M $5.935M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Financial Service
Financial Service
 $10.00M ▲$20.00M ▲$30.00M ▲$30.00M ▲
Health Care
Health Care
 $0 ▲$0 ▲$0 ▲$0 ▲
Manufactured Product Other
Manufactured Product Other
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Product and Service Other
Product and Service Other
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Retail
Retail
 $30.00M ▲$30.00M ▲$30.00M ▲$30.00M ▲
Technology Media And Telecom
Technology Media And Telecom
 $20.00M ▲$20.00M ▲$20.00M ▲$30.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the last several years, showing that demand for Grid Dynamics’ services is expanding. Profitability is still relatively thin, but the direction is positive: losses from earlier years have narrowed and recent results are hovering around break‑even to slightly profitable. Gross profit has scaled with revenue, and operating performance suggests the business is starting to benefit from more efficient use of its cost base. Overall, the income statement reflects a company still in the transition phase from growth-at-all-costs toward more disciplined, sustainable profitability, with some execution risk if growth slows or pricing pressure increases.

Balance Sheet

Balance Sheet The balance sheet is a clear strength. Assets and shareholders’ equity have grown over time, and the company carries very little debt relative to its size. Cash represents a large share of total assets, providing a solid liquidity cushion and flexibility to invest in new initiatives, weather downturns, or consider selective acquisitions. The limited use of leverage reduces financial risk, but also means future returns will depend more on operational performance than on financial engineering.

Cash Flow

Cash Flow Cash generation has been consistently positive, which is notable for a company that only recently moved toward break‑even earnings. Operating cash flow has grown broadly in line with the business, and free cash flow has remained positive even after funding modest investment needs. Capital spending is relatively light, fitting an asset‑light, services‑focused model. Overall, cash flow quality looks solid: the company appears to be converting a meaningful portion of its accounting earnings into real cash, which supports its strong cash balance.

Competitive Edge

Competitive Edge Grid Dynamics competes in a crowded and fast‑moving IT services and digital transformation market, going up against large global consultancies and specialized tech firms. Its niche is deep technical expertise, particularly in cloud, data, and AI for large enterprises, often in mission‑critical, high‑scale environments like e‑commerce and financial services. The global delivery model and focus on high‑caliber engineering talent are important differentiators. However, the company remains smaller than many rivals, which can create challenges in brand recognition, pricing power, and winning very large, multi‑year outsourcing deals. Dependence on a project‑based model and large clients also makes it sensitive to shifts in corporate IT spending and client budget cycles.

Innovation and R&D

Innovation and R&D Innovation is a central part of Grid Dynamics’ strategy. The company has spent many years building expertise in AI and machine learning, and is now packaging that know‑how into frameworks and toolkits such as its AI-native delivery model (GAIN), generative AI “starter kits,” and platforms for AI agents and developer productivity. These offerings aim to move the company up the value chain from pure services toward more repeatable, scalable solutions. Partnerships with major cloud providers further strengthen its technology position and help it stay close to emerging trends. The opportunity is to turn this innovation engine into higher margins and stickier client relationships; the risk is that the AI landscape is evolving quickly and competition is intense, so maintaining a lead will require continuous investment and careful execution.

Summary

Grid Dynamics looks like a technology services company that has moved beyond its early-stage phase and is now balancing growth with a clearer path to profitability. Revenue has expanded well, margins are improving from a low base, and the business is consistently generating cash, all supported by a cash‑rich, low‑debt balance sheet. Strategically, the firm is leaning hard into AI, cloud, and data, with differentiated frameworks and tools that could deepen client engagement and support longer‑term margin expansion if adoption continues. Key things to watch include: the company’s ability to keep winning sizable AI and digital transformation projects, its success in turning innovation into scalable, higher‑margin offerings, and how well it manages competitive pressure and swings in enterprise IT spending. Overall, the financial and strategic picture is constructive, but outcomes will depend heavily on execution in a rapidly evolving AI‑driven market.

NEWS

October 30, 2025 · 4:05 PM UTC

Grid Dynamics Reports Third Quarter 2025 Financial Results

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October 30, 2025 · 6:35 AM UTC

SuperX and Teamsun Announce Formation of "SuperX Global Service" Joint Venture

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October 1, 2025 · 9:15 AM UTC

Grid Dynamics to Announce Third Quarter 2025 Financial Results on October 30

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September 3, 2025 · 9:15 AM UTC

Grid Dynamics and Temporal Technologies Announce New Agentic AI Platform to Drive Enterprise Innovation

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