Grid Dynamics Holdings, Inc. (GDYN)
Nasdaq · Services-Prepackaged Software · Services · CIK 1743725 · fiscal year ends in Dec
Closing price $9.50 on 29 Oct 2026; 52-week range $5.21 to $10.06.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $432.7M
- Revenue growth
- 6.6%
- Net income, last twelve months
- $7.8M
- Earnings per share
- $0.09
- Gross margin
- 36.5%
- Operating margin
- 1.7%
- Net margin
- 1.8%
- Free cash flow
- $26.3M
- Return on equity
- 1.5%
- Market value
- $763.0M
- Price to earnings
- 105.6x
- Cash
- $304.3M
- Debt
- $0
- Debt to equity
- 0.00
- Shares outstanding
- 80.3M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $411.8M | -$1.9M | $9.7M | $0.11 | $25.3M | 10-K filed 5 Mar 2026 |
| FY2024 | 31 Dec 2024 | $350.6M | -$2.1M | $4.0M | $0.05 | $18.4M | 10-K filed 27 Feb 2025 |
| FY2023 | 31 Dec 2023 | $312.9M | -$5.6M | -$1.8M | -$0.02 | $33.2M | 10-K filed 29 Feb 2024 |
| FY2022 | 31 Dec 2022 | $310.5M | -$21.0M | -$29.2M | -$0.42 | $25.6M | 10-K filed 28 Feb 2023 |
| FY2021 | 31 Dec 2021 | $211.3M | $50.0K | -$7.7M | -$0.13 | $13.3M | 10-K filed 3 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sep 2026 | $114.3M | $6.2M | $0.08 |
| Q2 FY2026 | 30 Jun 2026 | $108.2M | $2.9M | $0.03 |
| Q1 FY2026 | 31 Mar 2026 | $104.1M | -$1.5M | -$0.02 |
| Q4 FY2025 | 31 Dec 2025 | $106.2M | $306.0K | $0.00 |
| Q3 FY2025 | 30 Sep 2025 | $104.2M | $1.2M | $0.01 |
| Q2 FY2025 | 30 Jun 2025 | $101.1M | $5.3M | $0.06 |
| Q1 FY2025 | 31 Mar 2025 | $100.4M | $2.9M | $0.03 |
| Q4 FY2024 | 31 Dec 2024 | $100.3M | $4.5M | $0.05 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Retail | $120.5M | 29.3% |
| Technology, Media and Telecom | $107.5M | 26.1% |
| Finance | $100.4M | 24.4% |
| CPG/Manufacturing | $43.1M | 10.5% |
| Other | $30.2M | 7.3% |
| Healthcare and Pharma | $10.2M | 2.5% |
Company events
The newest 8-K filings of 72 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 29 Oct 2026 | 8-K | Results | 2.02, 9.01 |
| 30 Jul 2026 | 8-K | Results | 2.02, 9.01 |
| 30 Apr 2026 | 8-K | Results | 2.02, 9.01 |
| 5 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 27 Feb 2026 | 8-K | Bylaws or fiscal year change | 5.03, 9.01 |
| 23 Dec 2025 | 8-K | Leadership change, Shareholder vote | 5.02, 5.07, 9.01 |
| 10 Nov 2025 | 8-K | Leadership change | 5.02, 9.01 |
| 30 Oct 2025 | 8-K | Results, Other events | 2.02, 8.01, 9.01 |
| 31 Jul 2025 | 8-K | Results | 2.02, 9.01 |
| 21 May 2025 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 1 May 2025 | 8-K | Results | 2.02, 9.01 |
| 15 Apr 2025 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
Every filing
The newest filings with the SEC of 188 held.
| Filed | Form | Period |
|---|---|---|
| 29 Oct 2026 | 8-K | 29 Oct 2026 |
| 5 Aug 2026 | EFFECT | – |
| 30 Jul 2026 | POS AM | – |
| 30 Jul 2026 | 10-Q | 30 Jun 2026 |
| 30 Jul 2026 | 8-K | 30 Jul 2026 |
| 27 May 2026 | RW | – |
| 8 May 2026 | EFFECT | – |
| 30 Apr 2026 | POS AM | – |
| 30 Apr 2026 | 10-K/A | 31 Dec 2025 |
| 30 Apr 2026 | 10-Q | 31 Mar 2026 |
| 30 Apr 2026 | 8-K | 30 Apr 2026 |
| 5 Mar 2026 | S-8 | – |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | Gryzlov Yury, CHIEF OPERATING OFFICER | Sale under a trading plan | 4,849 | $8.00 | $38.8K | 495,290 | 8 Oct 2026 |
| 2 Oct 2026 | Gryzlov Yury, CHIEF OPERATING OFFICER | Sale under a trading plan | 1,245 | $8.46 | $10.5K | 500,139 | 5 Oct 2026 |
| 3 Sep 2026 | Gryzlov Yury, CHIEF OPERATING OFFICER | Sale under a trading plan | 3,918 | $8.00 | $31.3K | 503,070 | 3 Sep 2026 |
| 18 Aug 2026 | Gryzlov Yury, CHIEF OPERATING OFFICER | Sale under a trading plan | 467 | $7.53 | $3.5K | 506,988 | 19 Aug 2026 |
| 13 Aug 2026 | Gryzlov Yury, CHIEF OPERATING OFFICER | Sale under a trading plan | 3,930 | $8.00 | $31.4K | 508,087 | 13 Aug 2026 |
| 2 Jul 2026 | Gryzlov Yury, CHIEF OPERATING OFFICER | Sale under a trading plan | 1,245 | $6.29 | $7.8K | 512,017 | 2 Jul 2026 |
| 1 Jun 2026 | Gryzlov Yury, CHIEF OPERATING OFFICER | Sale under a trading plan | 4,435 | $8.00 | $35.5K | 514,948 | 1 Jun 2026 |
| 15 May 2026 | Gryzlov Yury, CHIEF OPERATING OFFICER | Sale under a trading plan | 467 | $6.45 | $3.0K | 519,383 | 15 May 2026 |
| 2 Apr 2026 | Gryzlov Yury, CHIEF OPERATING OFFICER | Sale under a trading plan | 1,245 | $5.54 | $6.9K | 520,482 | 2 Apr 2026 |
| 10 Mar 2026 | Gryzlov Yury, CHIEF OPERATING OFFICER | Sale under a trading plan | 21,266 | $6.22 | $132.3K | 523,413 | 12 Mar 2026 |
| 20 Jan 2026 | Livschitz Leonard, CHIEF EXECUTIVE OFFICER | Sale under a trading plan | 10,000 | $9.00 | $90.0K | 3,124,343 | 21 Jan 2026 |
| 7 Jan 2026 | Doradla Anil, CHIEF FINANCIAL OFFICER | Sale under a trading plan | 2,000 | $10.00 | $20.0K | 376,475 | 8 Jan 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 29 Oct 2026 | LEONARD LIVSCHITZ, Officer, Director | 10,000 | $90.0K | 29 Oct 2026 |
| 8 Oct 2026 | YURY GRYZLOV, Officer | 4,849 | $38.8K | 8 Oct 2026 |
| 2 Oct 2026 | YURY GRYZLOV, Officer | 1,245 | $10.5K | 2 Oct 2026 |
| 3 Sep 2026 | YURY GRYZLOV, Officer | 3,918 | $31.3K | 3 Sep 2026 |
| 18 Aug 2026 | YURY GRYZLOV, Officer | 467 | $3.5K | 18 Aug 2026 |
| 13 Aug 2026 | YURY GRYZLOV, Officer | 3,930 | $31.4K | 13 Aug 2026 |
| 2 Jul 2026 | YURY GRYZLOV, Officer | 1,245 | $7.8K | 2 Jul 2026 |
| 1 Jun 2026 | YURY GRYZLOV, Officer | 4,435 | $35.5K | 1 Jun 2026 |
| 15 May 2026 | YURY GRYZLOV, Officer | 467 | $3.0K | 15 May 2026 |
| 2 Apr 2026 | YURY GRYZLOV, Officer | 1,245 | $6.9K | 2 Apr 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 14 Aug 2026 | Alyeska Investment Group, L.P. | 13G amended | 7.25% | 6.1M |
| 8 Jul 2026 | BlackRock, Inc. | 13G amended | 6.7% | 5.6M |
| 15 May 2026 | Alyeska Investment Group, L.P. | 13G | 6.16% | 5.3M |
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 17 Feb 2026 | Alyeska Investment Group, L.P. | 13G amended | 4.51% | 3.8M |
| 14 Nov 2025 | Alyeska Investment Group, L.P. | 13G | 5.07% | 4.3M |
| 13 Nov 2025 | WASATCH ADVISORS LP | 13G amended | 0% | 0 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 3.7M | -4.12% | 4.57 |
| 30 Sep 2026 | 3.9M | -14.95% | 4.64 |
| 15 Sep 2026 | 4.5M | -3.66% | 4.87 |
| 31 Aug 2026 | 4.7M | -15.26% | 4.02 |
| 14 Aug 2026 | 5.5M | +9.62% | 2.76 |
| 31 Jul 2026 | 5.1M | -0.01% | 2.54 |
| 15 Jul 2026 | 5.1M | +2.84% | 3.08 |
| 30 Jun 2026 | 4.9M | -22.35% | 1.29 |
Funds that hold it
From each fund's latest Form 13F.
244 funds held it at 30 Jun 2026: 109 added and 61 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 6,676,591 | $37.9M | -5,105,910 |
| Alyeska Investment Group, L.P. | 6,066,193 | $34.5M | +811,380 |
| T. Rowe Price Investment Management, Inc. | 3,712,682 | $21.1M | +1,145,771 |
| Bamco Inc. | 3,000,000 | $17.0M | -322 |
| Vanguard Capital Management LLC | 2,803,256 | $15.9M | -18,873 |
| Morgan Stanley | 2,421,745 | $13.8M | +551,988 |
| Vanguard Portfolio Management LLC | 2,153,933 | $12.2M | -626,020 |
| State Street Corp. | 2,018,993 | $11.5M | -897,360 |
| Geode Capital Management, LLC | 1,756,994 | $10.0M | +147,269 |
| Federated Hermes, Inc. | 1,745,369 | $9.9M | +302,940 |
Peers
Companies in the same industry.
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- Cloudflare, Inc. (NET): revenue $2.5B, market value $110.0B