(GDYN) Grid Dynamics Holdings - Overview

Sector: Technology | Industry: Information Technology Services | Exchange: NASDAQ (USA) | Market Cap: 471m USD | Total Return: -59.2% in 12m

Stock Technology Consulting, Platform Engineering, Analytics
Total Rating 27
Safety 97
Buy Signal -1.39
Information Technology Services +12.8
Internet Services & Infrastructure +9.5
Market Cap: 471m
Avg Trading Vol: 11.0M USD
ATR: 6.39%
Peers RS (IBD): 2.8
Risk 5d forecast
Volatility49.7%
Rel. Tail Risk-7.39%
Reward TTM
Sharpe Ratio-1.55
Alpha-82.51
Character TTM
Beta1.013
Beta Downside0.720
Drawdowns 3y
Max DD77.05%
CAGR/Max DD-0.27
EPS (Earnings per Share) EPS (Earnings per Share) of GDYN over the last years for every Quarter: "2021-03": 0.05, "2021-06": 0.1, "2021-09": 0.11, "2021-12": 0.1, "2022-03": 0.1, "2022-06": 0.12, "2022-09": 0.15, "2022-12": 0.14, "2023-03": 0.08, "2023-06": 0.09, "2023-09": 0.08, "2023-12": 0.07, "2024-03": 0.07, "2024-06": 0.08, "2024-09": 0.1, "2024-12": 0.12, "2025-03": 0.11, "2025-06": 0.1, "2025-09": 0.09, "2025-12": 0.1, "2026-03": 0,
EPS CAGR: -50.17%
EPS Trend: -48.7%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of GDYN over the last years for every Quarter: 2021-03: 39.134, 2021-06: 47.676, 2021-09: 57.933, 2021-12: 66.537, 2022-03: 71.41, 2022-06: 77.335, 2022-09: 81.161, 2022-12: 80.576, 2023-03: 80.08, 2023-06: 77.342, 2023-09: 77.419, 2023-12: 78.069, 2024-03: 79.817, 2024-06: 83.037, 2024-09: 87.435, 2024-12: 100.282, 2025-03: 100.415, 2025-06: 101.095, 2025-09: 104.163, 2025-12: 106.154, 2026-03: null,
Rev. CAGR: 11.15%
Rev. Trend: 89.9%
Last SUE: 0.16
Qual. Beats: 0
Risks
Technicals: volatile
Description: GDYN Grid Dynamics Holdings

Grid Dynamics Holdings, Inc. (GDYN) is a technology services firm specializing in cloud platform engineering, artificial intelligence, and digital transformation. Founded in 2006 and based in San Ramon, California, the company provides end-to-end engineering services to enterprise clients across sectors including retail, finance, and healthcare.

The company operates within the IT services sector, characterized by a shift toward high-margin digital engineering over traditional legacy maintenance. Its business model relies on a global delivery framework, utilizing offshore and nearshore engineering hubs to provide scalable technical expertise in data orchestration and machine learning.

For a detailed breakdown of the companys valuation metrics and growth trajectory, you may find it useful to explore ValueRay.

Headlines to Watch Out For
  • Enterprise demand for AI/ML engineering services drives revenue
  • Cloud platform adoption fuels consulting and engineering growth
  • Macroeconomic slowdown impacts IT spending across industries
  • Competition in technology consulting market pressures pricing
Piotroski VR‑10 (Strict) 5.0
Net Income: 9.67m TTM > 0 and > 6% of Revenue
FCF/TA: 0.04 > 0.02 and ΔFCF/TA 1.01 > 1.0
NWC/Revenue: 94.07% < 20% (prev 104.9%; Δ -10.83% < -1%)
CFO/TA 0.07 > 3% & CFO 40.6m > Net Income 9.67m
Net Debt (-325.0m) to EBITDA (21.6m): -15.03 < 3
Current Ratio: 8.43 > 1.5 & < 3
Outstanding Shares: last quarter (86.4m) vs 12m ago 3.14% < -2%
Gross Margin: 34.56% > 18% (prev 0.36%; Δ 3.42k% > 0.5%)
Asset Turnover: 68.35% > 50% (prev 59.20%; Δ 9.15% > 0%)
Interest Coverage Ratio: -0.22 > 6 (EBITDA TTM 21.6m / Interest Expense TTM -12.9m)
Altman Z'' 4.15
A: 0.63 (Total Current Assets 439.5m - Total Current Liabilities 52.1m) / Total Assets 612.9m
B: -0.00 (Retained Earnings -2.18m / Total Assets 612.9m)
C: 0.00 (EBIT TTM 2.78m / Avg Total Assets 602.5m)
D: -0.02 (Book Value of Equity -1.11m / Total Liabilities 70.8m)
Altman-Z'' Score: 4.15 = AA
Beneish M -2.96
DSRI: 0.98 (Receivables 79.5m/69.4m, Revenue 411.8m/350.6m)
GMI: 1.05 (GM 34.56% / 36.23%)
AQI: 0.94 (AQ_t 0.23 / AQ_t-1 0.24)
SGI: 1.17 (Revenue 411.8m / 350.6m)
TATA: -0.05 (NI 9.67m - CFO 40.6m) / TA 612.9m)
Beneish M-Score: -2.96 (Cap -4..+1) = A
What is the price of GDYN shares? As of April 04, 2026, the stock is trading at USD 5.70 with a total of 1,408,849 shares traded.
Over the past week, the price has changed by +4.53%, over one month by -18.85%, over three months by -38.42% and over the past year by -59.22%.
Is GDYN a buy, sell or hold? Grid Dynamics Holdings has received a consensus analysts rating of 4.60. Therefore, it is recommended to buy GDYN.
  • StrongBuy: 3
  • Buy: 2
  • Hold: 0
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the GDYN price?
Wallstreet Target Price 10.6 86%
Analysts Target Price 10.6 86%
GDYN Fundamental Data Overview as of 03 April 2026
P/E Trailing = 50.1818
P/E Forward = 131.5789
P/S = 1.1441
P/B = 0.9471
Revenue TTM = 411.8m USD
EBIT TTM = 2.78m USD
EBITDA TTM = 21.6m USD
Long Term Debt = 17.0m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 6.25m USD (from shortTermDebt, last quarter)
Debt = 17.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -325.0m USD (from netDebt column, last quarter)
Enterprise Value = 146.1m USD (471.2m + Debt 17.0m - CCE 342.1m)
Interest Coverage Ratio = -0.22 (Ebit TTM 2.78m / Interest Expense TTM -12.9m)
EV/FCF = 5.78x (Enterprise Value 146.1m / FCF TTM 25.3m)
FCF Yield = 17.29% (FCF TTM 25.3m / Enterprise Value 146.1m)
FCF Margin = 6.14% (FCF TTM 25.3m / Revenue TTM 411.8m)
Net Margin = 2.35% (Net Income TTM 9.67m / Revenue TTM 411.8m)
Gross Margin = 34.56% ((Revenue TTM 411.8m - Cost of Revenue TTM 269.5m) / Revenue TTM)
Gross Margin QoQ = 34.04% (prev 33.32%)
Tobins Q-Ratio = 0.24 (Enterprise Value 146.1m / Total Assets 612.9m)
Interest Expense / Debt = 9.87% (Interest Expense 1.68m / Debt 17.0m)
Taxrate = 38.42% (6.03m / 15.7m)
NOPAT = 1.71m (EBIT 2.78m * (1 - 38.42%))
Current Ratio = 8.43 (Total Current Assets 439.5m / Total Current Liabilities 52.1m)
Debt / Equity = 0.03 (Debt 17.0m / totalStockholderEquity, last quarter 542.1m)
Debt / EBITDA = -15.03 (Net Debt -325.0m / EBITDA 21.6m)
Debt / FCF = -12.86 (Net Debt -325.0m / FCF TTM 25.3m)
Total Stockholder Equity = 532.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.60% (Net Income 9.67m / Total Assets 612.9m)
RoE = 1.82% (Net Income TTM 9.67m / Total Stockholder Equity 532.3m)
RoCE = 0.51% (EBIT 2.78m / Capital Employed (Equity 532.3m + L.T.Debt 17.0m))
RoIC = 0.32% (NOPAT 1.71m / Invested Capital 532.3m)
WACC = 9.43% (E(471.2m)/V(488.2m) * Re(9.55%) + D(17.0m)/V(488.2m) * Rd(9.87%) * (1-Tc(0.38)))
Discount Rate = 9.55% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.70%
[DCF] Terminal Value 76.50% ; FCFF base≈22.5m ; Y1≈26.8m ; Y5≈42.2m
[DCF] Fair Price = 10.41 (EV 563.1m - Net Debt -325.0m = Equity 888.1m / Shares 85.4m; r=9.43% [WACC]; 5y FCF grow 20.34% → 3.0% )
EPS Correlation: -48.66 | EPS CAGR: -50.17% | SUE: -4.0 | # QB: 0
Revenue Correlation: 89.91 | Revenue CAGR: 11.15% | SUE: 0.16 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.11 | Chg7d=-0.004 | Chg30d=-0.004 | Revisions Net=-5 | Analysts=5
EPS current Year (2026-12-31): EPS=0.46 | Chg7d=-0.004 | Chg30d=-0.005 | Revisions Net=-6 | Growth EPS=+15.2% | Growth Revenue=+8.1%
EPS next Year (2027-12-31): EPS=0.53 | Chg7d=-0.026 | Chg30d=-0.032 | Revisions Net=-4 | Growth EPS=+14.6% | Growth Revenue=+11.0%
[Analyst] Revisions Ratio: -1.00 (0 Up / 5 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 7.6% (Discount Rate 9.6% - Earnings Yield 2.0%)
[Growth] Growth Spread = -0.7% (Analyst 6.9% - Implied 7.6%)
External Resources
Dataroma Stockcircle