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NASDAQ · Technology

Grid Dynamics Holdings, Inc. (GDYN)

Grid Dynamics Holdings, Inc. brought in $432.7M of revenue over the twelve months to September 30, 2026, up 6.6% from a year earlier. Net income was $7.8M, a net margin of 1.8%. Operating cash flow minus capital spending left $25.3M of free cash flow in fiscal 2025. At September 30, 2026 it held $304.3M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 30, 2026.

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Price
$13.30
+1.53% on the day · November 9, 2026
52-week range $5.11 to $14.02
Market cap
$1.1B
Revenue (last 12 months)
$432.7M
+6.6% year on year
Net margin
1.8%
P/E
120.9
on FY2025 diluted EPS

Key facts about Grid Dynamics Holdings, Inc.

Net worth
Grid Dynamics Holdings, Inc. has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $523.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $411.8M (+17.5% year on year), with net income of $9.7M. Over the 12 months to September 30, 2026: revenue $432.7M, net income $7.8M.
Cash flow
In fiscal 2025 operations brought in $40.6M of cash; after $15.3M of capital spending, free cash flow was $25.3M.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 30, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Grid Dynamics Holdings, Inc.'s next report is expected around March 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Grid Dynamics Holdings, Inc. does

Grid Dynamics Holdings, Inc. is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker GDYN.

Revenue and profit by year

Revenue
FY18: $91.9M $91.9M FY18FY19: $118.3M $118.3M FY19FY20: $111.3M $111.3M FY20FY21: $211.3M $211.3M FY21FY22: $310.5M $310.5M FY22FY23: $312.9M $312.9M FY23FY24: $350.6M $350.6M FY24FY25: $411.8M $411.8M FY25
Net income
FY18: $9.2M $9.2M FY18FY19: $10.8M $10.8M FY19FY20: -$12.6M -$12.6M FY20FY21: -$7.7M -$7.7M FY21FY22: -$29.2M -$29.2M FY22FY23: -$1.8M -$1.8M FY23FY24: $4M $4M FY24FY25: $9.7M $9.7M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$411.8M-$1.9M$9.7M$0.11$25.3M
2024$350.6M-$2.1M$4M$0.05$18.4M
2023$312.9M-$5.6M-$1.8M-$0.02$33.2M
2022$310.5M-$21M-$29.2M-$0.42$25.6M
2021$211.3M$50K-$7.7M-$0.13$13.3M
2020$111.3M-$15.4M-$12.6M-$0.28$3.7M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around March 4, 2027.

Estimated from its filing rhythm: 52 weeks after its report of March 5, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where GDYN ranks in Technology

Revenue$411.8M
#347 of 751 in Technology · Top 46%
Revenue growth+17.5%
#203 of 604 in Technology · Top 33%
Net margin2.3%
#302 of 611 in Technology · Top 49%
Free cash flow margin6.1%
#328 of 568 in Technology · Bottom 42%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Dividends

Fiscal yearPer sharePaid outOf profit
2021n/a$0n/a
2020n/a$0n/a
2019n/a$2M19%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Grid Dynamics Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 9, 2026
  2. November 9, 2026
  3. November 9, 2026
  4. October 30, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 9.7% to $114.3M versus the same quarter last year; diluted EPS $0.08 versus $0.01.
  5. October 29, 2026
  6. August 14, 2026
  7. July 30, 2026
  8. July 30, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 7% to $108.2M versus the same quarter last year; diluted EPS $0.03 versus $0.06.
  9. July 30, 2026
  10. July 8, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 9, 2026. Insider transactions on SEC

What is GDYN worth? A DCF from its reported cash flow

Insider trades

What the people running Grid Dynamics Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $1.6M worth of shares in the last 90 days and bought none on the open market. 45% of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$1.6M
last 90 days
Net sold
138,339
$1.6M
DateInsiderWhatSharesPriceValueFiling
November 6, 2026 Carney LloydDirector Sold 39,505 $13.15 $519.5K Form 4
November 6, 2026 Carney LloydDirector Gave as a gift 7,435 - - Form 4
November 6, 2026 Carney LloydDirector Gave as a giftindirect 7,435 - - Form 4
November 6, 2026 Carney LloydDirector Soldindirect 12,542 $13.16 $165.1K Form 4
November 6, 2026 Doradla AnilCHIEF FINANCIAL OFFICER Soldpre-planned (10b5-1) 1,500 $13.26 $19.9K Form 4
November 5, 2026 Carney LloydDirector Sold 15,156 $13.39 $202.9K Form 4
November 3, 2026 Gryzlov YuryCHIEF OPERATING OFFICER Soldpre-planned (10b5-1) 4,715 $13.55 $63.9K Form 4
October 30, 2026 Gryzlov YuryCHIEF OPERATING OFFICER Soldpre-planned (10b5-1) 10,512 $10.51 $110.5K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns GDYN

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
GDD International Holding Company13D, may seek influence with 4 related filers 18.1% 13,889,183 September 16, 2024
Alyeska Investment Group, L.P.13G, passive with 2 related filers 7.25% 6,066,193 August 14, 2026

Latest filings below 5%: The Vanguard Group 0% (March 27, 2026); Wasatch Advisors LP 0% (November 13, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 197 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.6,676,591$37.9M-5,105,910
Alyeska Investment Group, L.P.6,066,193$34.5M+811,380
Bamco Inc3,000,000$17M-322
Vanguard Capital Management LLC2,803,256$15.9M-18,873
Morgan Stanley2,421,745$13.8M+551,988
Vanguard Portfolio Management LLC2,153,933$12.2M-626,020
State Street Corp2,018,993$11.5M-897,360
Geode Capital Management, LLC1,756,994$10M+147,269
Federated Hermes, Inc.1,745,369$9.9M+302,940
Jacobs Levy Equity Management, Inc1,320,149$7.5M+157,304
Jane Street Group, LLC1,256,111$7.1Mnew
Goldman Sachs Group Inc1,210,126$6.9M+441,840
Royal Bank of Canada1,122,469$6.4M-190,155
Dimensional Fund Advisors LP1,107,519$6.3M-292,690
Millennium Management LLC1,087,719$6.2Mnew
Ameriprise Financial Inc1,035,642$5.9M+132,191
Focus Partners Wealth1,027,656$5.8M-8,760
Northern Trust Corp991,744$5.6M+227,696
Riverbridge Partners LLC986,450$5.6M-440,959
CenterBook Partners LP825,343$4.7M+40,465

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

11 insiders reported holding 5,241,314 shares in total, about $69.7M at the last price.

HolderSharesAs of
Livschitz LeonardCHIEF EXECUTIVE OFFICER, Director 3,310,39410,834 held indirectly October 30, 2026
Carney LloydDirector 630,190 November 6, 2026
Gryzlov YuryCHIEF OPERATING OFFICER 480,063 November 3, 2026
Doradla AnilCHIEF FINANCIAL OFFICER 373,009 November 6, 2026
Benhamou EricDirector 109,593 December 23, 2025
Zhang ShuoDirector 104,772 August 7, 2026
Southworth Michael ChristopherDirector 55,331 December 23, 2025
Levinson MarinaDirector 50,881 December 23, 2025
Wang YueouDirector 47,125 December 23, 2025
Wang WeihangDirector 47,125 December 23, 2025

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about GDYN

What does Grid Dynamics Holdings, Inc. do?

Grid Dynamics Holdings, Inc. is a company in the Technology sector, listed on NASDAQ as GDYN. Its shares trade on NASDAQ under the ticker GDYN.

What is Grid Dynamics Holdings, Inc.'s net worth?

Grid Dynamics Holdings, Inc. has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $523.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Grid Dynamics Holdings, Inc. profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $7.8M on revenue of $432.7M, a net margin of 1.8%.

How much revenue does Grid Dynamics Holdings, Inc. make?

Over the twelve months to September 30, 2026 Grid Dynamics Holdings, Inc. reported revenue of $432.7M. That is 6.6% more than a year earlier.

When did Grid Dynamics Holdings, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on October 30, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the annual report to shareholders from November 9, 2026.

When is Grid Dynamics Holdings, Inc.'s next earnings report?

Grid Dynamics Holdings, Inc.'s next report is expected around March 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Grid Dynamics Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.