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NASDAQ · SERVICES-PREPACKAGED SOFTWARE · MID CAP

Grid Dynamics Holdings, Inc. GDYN

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$411.8M
▲ 17.5% YoY
$9.7M
▲ 139.2% YoY
$25.3M
▲ 37.1% YoY
In brief

What this company does

Grid Dynamics delivers comprehensive services across the full spectrum of digital transformation, focusing on areas where AI, data, and cloud technologies create the most value. As of December 31, 2025, it had 4,961 personnel across the Americas, Europe, and India. During the year ended December 31, 2025, one customer accounted for 15.4% of its revenues. Grid Dynamics delivers tailored solutions in several key industry verticals. In 2024, it acquired JUXT Ltd. in the United Kingdom and Mobile Computing S.A. in Argentina, expanding its addressable opportunities across Europe and the Americas. Founded in 2006, it is headquartered in Silicon Valley with offices across the Americas, Europe, and India.

Written from the business description in Grid Dynamics Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 5 March 2026. Every sentence was checked against that document before publication.

Growth
USD 411.8M
Revenue, FY2025 · full 8-year series below
Revenue $M Net income $M
FY2025 · Revenue 411.8 · Net income 9.7
200M400M20182019202020212022202320242025
Compound annual growth
+9.9%
+29.9%
−56.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +29.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating -0.5% · Net 2.3%
5%10%15%-5%-10%20182019202020212022202320242025
ROE
FY2025 · ROE 1.8%
10%20%-5%-10%20182019202020212022202320242025
Gross margin34.6%
Operating margin-0.5%
Net margin2.3%
Return on assets1.6%
EBITDAUSD 10.3M

Each USD of equity produced 2 cents of profit this year.

Cash & shareholders
USD 2.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 25.3
20M20182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 2.0
50M100M-40M-80M2019202020212022202320242025
Dividends paid—
Net buybacksUSD 2.0M
Share of profit20.7%
Consecutive raises—

USD 2.0M in buybacks — 21% of the year's profit went back to shareholders.

Total assetsUSD 612.9M
EquityUSD 542.1M
CashUSD 342.1M
Current ratio8.43×

Equity funds 88% of total assets.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B0.40.40.30.30.20.10.10.1
Operating income $B−0.0−0.0−0.0−0.00.0−0.00.00.0
EBITDA $B0.00.0−0.0−0.00.0−0.00.0·
Income tax $B0.00.00.00.00.0−0.00.00.0
Net income $B0.00.0−0.0−0.0−0.0−0.00.00.0
Free cash flow $B0.00.00.00.00.00.00.00.0
EPS, diluted $0.110.05−0.02−0.42−0.13−0.280.490.46
Dividend / sh $········
Payout %····−0−019·
ROE %1.80.9−0.5−9.9−4.1−12.224.727.6
Shares out B0.080.080.080.070.070.050.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 40 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 55 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2018

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