# Grid Dynamics Holdings, Inc.: overview

GDYN · Nasdaq · CIK 1743725 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/gdyn.md) · [Financials](/companies/gdyn/financials.md) · [Filings](/companies/gdyn/filings.md) · [Insiders](/companies/gdyn/insiders.md)

Latest reported revenue: [$108.2m](/filings/0001743725-26-000021.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 30, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001743725-26-000021).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [87.4](/filings/0001743725-25-000010.md) | [100 d](/filings/0001743725-26-000007.md) | [100](/filings/0001743725-26-000014.md) | [101](/filings/0001743725-26-000021.md) | [104](/filings/0001743725-25-000010.md) | [106 d](/filings/0001743725-26-000007.md) | [104](/filings/0001743725-26-000014.md) | [108](/filings/0001743725-26-000021.md) |
| Gross margin | % | [37.4%](/filings/0001743725-25-000010.md) | [36.9% d](/filings/0001743725-26-000007.md) | [36.8%](/filings/0001743725-26-000014.md) | [34.1%](/filings/0001743725-26-000021.md) | [33.3%](/filings/0001743725-25-000010.md) | [34.0% d](/filings/0001743725-26-000007.md) | [34.8%](/filings/0001743725-26-000014.md) | [36.6%](/filings/0001743725-26-000021.md) |
| Operating margin | % | [2.4%](/filings/0001743725-25-000010.md) | [1.3% d](/filings/0001743725-26-000007.md) | [(2.0%)](/filings/0001743725-26-000014.md) | [(0.1%)](/filings/0001743725-26-000021.md) | [(0.2%)](/filings/0001743725-25-000010.md) | [0.5% d](/filings/0001743725-26-000007.md) | [(3.5%)](/filings/0001743725-26-000014.md) | [1.2%](/filings/0001743725-26-000021.md) |
| Net margin | % | [4.9%](/filings/0001743725-25-000010.md) | [4.5% d](/filings/0001743725-26-000007.md) | [2.9%](/filings/0001743725-26-000021.md) | [5.2%](/filings/0001743725-26-000021.md) | [1.1%](/filings/0001743725-25-000010.md) | [0.3% d](/filings/0001743725-26-000007.md) | [(1.4%)](/filings/0001743725-26-000021.md) | [2.6%](/filings/0001743725-26-000021.md) |
| Diluted EPS | $ per share | [0.05](/filings/0001743725-25-000010.md) | not reported | [0.03](/filings/0001743725-26-000014.md) | [0.06](/filings/0001743725-26-000021.md) | [0.01](/filings/0001743725-25-000010.md) | not reported | [(0.02)](/filings/0001743725-26-000014.md) | [0.03](/filings/0001743725-26-000021.md) |
| Free cash flow | $m | [5.9 d](/filings/0001743725-25-000010.md) | [4.4 d](/filings/0001743725-26-000007.md) | [6.0](/filings/0001743725-26-000014.md) | [10.2 d](/filings/0001743725-26-000021.md) | [2.9 d](/filings/0001743725-25-000010.md) | [6.1 d](/filings/0001743725-26-000007.md) | [4.4](/filings/0001743725-26-000014.md) | [2.5 d](/filings/0001743725-26-000021.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [211](/filings/0001628280-24-007971.md) | [310](/filings/0001628280-25-008723.md) | [313](/filings/0001743725-26-000007.md) | [351](/filings/0001743725-26-000007.md) | [412](/filings/0001743725-26-000007.md) |
| Gross margin | % | [41.5%](/filings/0001628280-24-007971.md) | [38.8%](/filings/0001628280-25-008723.md) | [36.2%](/filings/0001743725-26-000007.md) | [36.2%](/filings/0001743725-26-000007.md) | [34.6%](/filings/0001743725-26-000007.md) |
| Operating margin | % | [0.0%](/filings/0001628280-24-007971.md) | [(6.8%)](/filings/0001628280-25-008723.md) | [(1.8%)](/filings/0001743725-26-000007.md) | [(0.6%)](/filings/0001743725-26-000007.md) | [(0.5%)](/filings/0001743725-26-000007.md) |
| Net margin | % | [(3.6%)](/filings/0001628280-24-007971.md) | [(9.4%)](/filings/0001628280-25-008723.md) | [(0.6%)](/filings/0001743725-26-000007.md) | [1.2%](/filings/0001743725-26-000007.md) | [2.3%](/filings/0001743725-26-000007.md) |
| Diluted EPS | $ per share | [(0.13)](/filings/0001628280-24-007971.md) | [(0.42)](/filings/0001628280-25-008723.md) | [(0.02)](/filings/0001743725-26-000007.md) | [0.05](/filings/0001743725-26-000007.md) | [0.11](/filings/0001743725-26-000007.md) |
| Free cash flow | $m | [13.3](/filings/0001628280-24-007971.md) | [25.6](/filings/0001628280-25-008723.md) | [33.2](/filings/0001743725-26-000007.md) | [18.4](/filings/0001743725-26-000007.md) | [25.3](/filings/0001743725-26-000007.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/gdyn/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $37.9m | 6,676,591 |  | Reduced −5,105,910 |
| [Alyeska Investment Group, L.P.](/funds/1453072.md) | 2026-06-30 | $34.5m | 6,066,193 |  | Added +811,380 |
| [BAMCO INC /NY/](/funds/1017918.md) | 2026-06-30 | $17.0m | 3,000,000 |  | Reduced −322 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $15.9m | 2,803,256 |  | Reduced −18,873 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $13.8m | 2,421,745 |  | Added +551,988 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $12.2m | 2,153,933 |  | Reduced −626,020 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $11.5m | 2,018,993 |  | Reduced −897,360 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $10.0m | 1,756,994 |  | Added +147,269 |
| [FEDERATED HERMES, INC.](/funds/1056288.md) | 2026-06-30 | $9.9m | 1,745,369 |  | Added +302,940 |
| [JACOBS LEVY EQUITY MANAGEMENT, INC](/funds/884414.md) | 2026-06-30 | $7.5m | 1,320,149 |  | Added +157,304 |

## Recent filings

[All 816 filings](/companies/gdyn/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-30 | 17:39 ET | [10-Q](/filings/0001743725-26-000031.md) | Quarterly report, period 2026-09-30 | 0001743725-26-000031 |
| 2026-10-29 | 16:11 ET | [8-K](/filings/0001743725-26-000029.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001743725-26-000029 |
| 2026-07-30 | 17:09 ET | [10-Q](/filings/0001743725-26-000021.md) | Quarterly report, period 2026-06-30 | 0001743725-26-000021 |
| 2026-07-30 | 16:08 ET | [8-K](/filings/0001743725-26-000019.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001743725-26-000019 |
| 2026-04-30 | 16:40 ET | [10-K/A](/filings/0001104659-26-053052.md) | Annual report, amended, period 2025-12-31 | 0001104659-26-053052 |
| 2026-04-30 | 16:40 ET | [10-Q](/filings/0001743725-26-000014.md) | Quarterly report, period 2026-03-31 | 0001743725-26-000014 |
| 2026-04-30 | 16:06 ET | [8-K](/filings/0001743725-26-000012.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001743725-26-000012 |
| 2026-03-05 | 16:42 ET | [10-K](/filings/0001743725-26-000007.md) | Annual report, period 2025-12-31 | 0001743725-26-000007 |
| 2026-03-05 | 16:08 ET | [8-K](/filings/0001743725-26-000005.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001743725-26-000005 |
| 2026-02-27 | 16:15 ET | [8-K](/filings/0001104659-26-021573.md) | 5.03 Amendment to articles or bylaws; 9.01 Financial statements and exhibits | 0001104659-26-021573 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001743725-26-000007.md), filed Mar 5, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, locked when the 8-K was accepted. It is scored when the 10-Q or 10-K is ingested. [See the target](/leagues/2026q3/targets/3f22bf85-3090-4832-99f8-9f1a05e0d521)

## About the filer

- CIK: 1743725
- Tickers: GDYN
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 20:09 ET. No prices; not investment advice.