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Grid Dynamics Holdings, Inc.

Grid Dynamics Holdings, Inc.

NASDAQ•GDYN
CEO: Mr. Leonard Livschitz
Sector: Technology
Industry: Information Technology Services
Listing Date: 2018-10-30
Grid Dynamics Holdings, Inc., together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale. The company provides digital engagement services, including digital ecosystem design and implementation; and supply chain, Internet of Thing, and advanced manufacturing, which focuses on transforming traditional operations into smart and connected ecosystems. It serves customers that operate in the tech, media, telecommunications, retail, consumer packaged goods, manufacturing, and finance industries. The company was formerly known as ChaSerg Technology Acquisition Corp. and changed its name to Grid Dynamics Holdings, Inc. Grid Dynamics Holdings, Inc. was founded in 2006 and is headquartered in San Ramon, California.
Contact Information
5000 Executive Parkway, Suite 520, San Ramon, CA, 94583, United States
650-523-5000
www.griddynamics.com
Market Cap
$777.66M
P/E (TTM)
55.9
20.9
Dividend Yield
--
52W High
$25.50
52W Low
$7.37
52W Range
10%
Rank32Top 23.6%
4.9
F-Score
Modified Piotroski Analysis
Based on 8-year fundamentals
Average • 4.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2025

Financial Dashboard

Q3 2025 Data

Revenue

$104.16M+19.13%
4-Quarter Trend

EPS

$0.01-75.09%
4-Quarter Trend

FCF

$2.95M-50.34%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Revenue Growth Nine months revenues reached $305.7M, growing 22.1%, reflecting customer base diversification and 2024 acquisitions.
Net Income Reverses Loss Nine months net income was $9.4M, a significant swing from $(0.5M) loss reported in the prior year period.
Strong Operating Cash Flow Operating cash flow provided $30.7M for nine months, showing $7.6M improvement over the prior year period.
New Share Repurchase Plan Board authorized a $50.0M common stock repurchase program in October 2025, subject to market conditions.

Risk Factors

Gross Margin Decline Pressure Nine months gross margin fell to 34.7% from 35.9% due to higher cost of revenues and foreign exchange impacts.
Geopolitical Conflict Exposure Ongoing military action in Ukraine and associated sanctions pose material adverse effects on operations and delivery.
Intense IT Talent Competition Significant competition for IT professionals may adversely impact business and pressure gross profit margins moving forward.
Foreign Currency Volatility Risk Significant exposure exists from Polish Zloty and Mexican Peso fluctuations impacting income from operations materially.

Outlook

Integrating 2024 Acquisitions Growth driven by continued strong demand and contributions from technology acquisitions completed during fiscal year 2024.
Sufficient Liquidity Position Current cash balance of $338.6M, plus recent offering proceeds, funds expected expenditures for twelve months.
Focus on Customer Diversification Management focuses on maintaining long-term customer relationships while actively working to diversify the customer base.
Evaluating New Tax Legislation Evaluating impact of the "One Big Beautiful Bill Act" enacted July 2025, though immediate effect is not anticipated.

Peer Comparison

Revenue (TTM)

Bakkt Holdings, Inc.BKKT
$3.85B
+102.0%
Paysafe LimitedPSFE
$1.68B
-1.0%
ChipMOS TECHNOLOGIES INC.IMOS
$727.51M
-0.9%

Gross Margin (Latest Quarter)

Paysafe LimitedPSFE
57.8%
-0.5pp
Cantaloupe, Inc.CTLP
41.5%
+0.7pp
The Hackett Group, Inc.HCKT
41.2%
+1.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
IMOS$1.49B192.91.0%36.2%
CTLP$800.35M13.325.4%10.3%
GDYN$777.66M55.92.6%2.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.3%
Moderate Growth
4Q Net Income CAGR
-36.2%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 19, 2026
|
EPS:$0.09
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $104.16M+19.1%
    |
    EPS: $0.01-75.1%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $101.10M+21.7%
    |
    EPS: $0.06-682.2%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $100.42M+25.8%
    |
    EPS: $0.03-157.9%
    Miss
  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 29, 2025|
    Revenue: $350.57M+12.0%
    |
    EPS: $0.05+322.1%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|Refer to amended data
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $87.44M+12.9%
    |
    EPS: $0.06+520.0%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $83.04M+7.4%
    |
    EPS: $-0.01-130.6%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $79.82M-0.3%
    |
    EPS: $-0.05-52.9%
    Miss