Grid Dynamics Holdings, Inc.

global provider of AI, engineering, and technology consulting services

GDYN Nasdaq SEC CIK 1743725
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Financials

Reported figures only · latest: Q2 2026 USD · US GAAP
Revenue, last quarter $108.2M +7% vs same quarter last year
Net income $2.9M −45.9% vs same quarter last year
EPS, diluted $0.03 −50% vs same quarter last year
Operating cash flow $6.1M −57.6% vs same quarter last year
Revenue by quarter
$87.4M
$100.3M
$100.4M
$101.1M
$104.2M
$106.2M
$104.1M
$108.2M
Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26

Source: SEC XBRL filings · latest filing

The long view

Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income9 fiscal years
  • Revenue
  • Net income
−$200M$0$200M$400M$600MFY17FY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearRevenueNet income
FY25$411.8M$9.7M
FY24$350.6M$4M
FY23$312.9M−$1.8M
FY22$310.5M−$29.2M
FY21$211.3M−$7.7M
FY20$111.3M−$12.6M
FY19$118.3M$10.8M
FY18$91.9M$9.2M
FY17--
MarginsShare of revenue
  • Gross margin
  • Operating margin
  • Net margin
−20%0%20%40%60%FY17FY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearGross marginOperating marginNet margin
FY2534.6%−0.5%2.3%
FY2436.2%−0.6%1.2%
FY2336.2%−1.8%−0.6%
FY2238.8%−6.8%−9.4%
FY2141.5%0%−3.6%
FY2037.4%−13.9%−11.3%
FY1940.8%13.2%9.1%
FY1842.8%15.1%10%
FY17---
Free cash flowOperating cash flow minus capital expenditure
$0$10M$20M$30M$40MFY17FY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearFree cash flow
FY25$25.3M
FY24$18.4M
FY23$33.2M
FY22$25.6M
FY21$13.3M
FY20$3.7M
FY19$9.7M
FY18$7.5M
FY17-
Returned to shareholdersDividends paid and shares bought back
  • Dividends
  • Buybacks
$0$50M$100M$150MFY17FY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearDividendsBuybacks
FY25-$2M
FY24-$0
FY23-$0
FY22-$0
FY21$0$0
FY20$0$123.9M
FY19$2M$0
FY18--
FY17--
Net margin vs the sectorMedian of Technology companies filing with the SEC
  • Grid Dynamics
  • Technology median
−20%−10%0%10%FY17FY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearGrid DynamicsTechnology median
FY252.3%−0.4%
FY241.2%−2.7%
FY23−0.6%−7.5%
FY22−9.4%−7.3%
FY21−3.6%−4.6%
FY20−11.3%−8.8%
FY199.1%−4.7%
FY1810%−3.7%
FY17-−2.5%

News

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