Grid Dynamics Holdings, Inc.
GDYN Nasdaq· Services-Prepackaged Software
Last close · Oct 26, 2026
$8.61
KIRA · Stoqly’s AI analyst, in plain words
- Grid Dynamics Holdings, Inc. had $412M of revenue in fiscal 2025, up 17.5% on the year before. Over five years, revenue changed +29.9% a year on average.
- Its operating margin was −0.5%, up 0.1 pts: of every 100 in sales, about −0 is left after running the business.
- Grid Dynamics Holdings, Inc. made $9.7M of net profit in fiscal 2025. From fiscal 2018 to 2025, diluted EPS grew −18.5% a year.
- Free cash flow was $25.3M in fiscal 2025, 6.1% of revenue.
- Grid Dynamics Holdings, Inc. returned $2.0M to shareholders in fiscal 2025, 8% of free cash flow. The diluted share count rose 8.7%.
Market cap
$715M
P/E
—
Revenue
$412M
Net income
$9.7M
Free cash flow
$25.3M
Operating margin
−0.5%
Grid Dynamics Holdings, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+17.5%
Yes. Sales grew 17.5% last year.
Does it make a profit?
2.3%
A little. It keeps 2.3% of every sale as profit.
Does profit turn into cash?
6.1%
Partly. 6.1% of sales ends up as free cash.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
What Grid Dynamics Holdings, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 5, 2026
- Legal name
- GRID DYNAMICS HOLDINGS, INC.
- CIK
- 0001743725
Grid Dynamics Holdings, Inc. · GDYN
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $211M | $310M | $313M | $351M | $412M |
| Revenue growth | 89.9% | 47.0% | 0.8% | 12.0% | 17.5% |
| Gross margin | 41.5% | 38.8% | 36.2% | 36.2% | 34.6% |
| Operating margin | 0.0% | −6.8% | −1.8% | −0.6% | −0.5% |
| Net income | −$7.7M | −$29.2M | −$1.8M | $4.0M | $9.7M |
| Net margin | −3.6% | −9.4% | −0.6% | 1.2% | 2.3% |
| Diluted EPS | −$0.13 | −$0.42 | −$0.02 | $0.05 | $0.11 |
| Cash | |||||
| Cash from operations | $18.0M | $31.7M | $41.1M | $30.2M | $40.6M |
| Capital expenditure | $4.7M | $6.1M | $7.9M | $11.8M | $15.3M |
| Free cash flow | $13.3M | $25.6M | $33.2M | $18.4M | $25.3M |
| FCF margin | 6.3% | 8.2% | 10.6% | 5.3% | 6.1% |
| Dividends paid | $0.0M | — | — | — | — |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $2.0M |
| Share count change | 31.1% | 18.0% | 8.7% | 6.4% | 8.7% |
| Debt and strength | |||||
| Cash and short-term investments | $144M | $257M | $257M | $335M | $342M |
| Debt incl. finance leases | $0.0M | — | — | — | — |
| Shareholders' equity | $227M | $363M | $383M | $518M | $542M |
| Net debt / EBITDA | −28.3x | — | — | — | — |
| Current ratio | 7.6x | 8.3x | 7.7x | 7.6x | 8.4x |
| Returns and quality | |||||
| Return on capital | 0.0% | — | — | — | — |
| Return on equity | −4.1% | −9.9% | −0.5% | 0.9% | 1.8% |
| Return on tangible equity | −4.5% | −9.8% | −0.6% | 1.0% | 2.3% |
| Piotroski F-score | 5 | 3 | 3 | 5 | 6 |
| Altman Z'' | 12.5 | 12.0 | 11.7 | 11.3 | 12.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.2M
4 insiders
Of sales under plans
77%
$0.9M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Grid Dynamics Holdings, Inc. · GDYN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $8.61 a share, the company is worth $715M.
Source: SEC EDGAR XBRL filings (CIK 0001743725). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.