(GDYN) Grid Dynamics Holdings - Overview
Stock: Cloud Engineering, AI/ML Engineering, Data Platforms, Digital Engagement
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 47.8% |
| Relative Tail Risk | -7.23% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.63 |
| Alpha | -82.58 |
| Character TTM | |
|---|---|
| Beta | 1.382 |
| Beta Downside | 1.453 |
| Drawdowns 3y | |
|---|---|
| Max DD | 68.81% |
| CAGR/Max DD | -0.22 |
Description: GDYN Grid Dynamics Holdings January 19, 2026
Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) is a technology-consulting firm that designs, builds, and operates cloud-native platforms and AI/ML data pipelines for enterprise clients across retail, finance, telecom, healthcare and other sectors. Its service portfolio spans cloud platform engineering, data-platform development (batch + streaming, governance, observability), digital ecosystem design, and specialized practice areas such as IoT-enabled supply-chain and advanced manufacturing.
According to the company’s most recent Form 10-K (FY 2023), GDYN generated approximately **$210 million** in revenue, up **~15 % YoY**, driven largely by a **double-digit increase in cloud-engineering contracts** and a **~30 % rise in AI/ML-focused engagements**. The broader Internet Services & Infrastructure sub-industry is projected by IDC to grow at a **~12 % CAGR through 2027**, underpinned by enterprise migration to hybrid-cloud environments and rising demand for real-time analytics-both tailwinds that directly support GDYN’s growth narrative. A key risk factor is the concentration of revenue in a handful of large clients, which could amplify earnings volatility if any contract is lost.
For a deeper, data-driven assessment of GDYN’s valuation metrics and peer comparison, you may find ValueRay’s analytical dashboard useful.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 13.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -0.19 > 1.0 |
| NWC/Revenue: 94.32% < 20% (prev 81.85%; Δ 12.47% < -1%) |
| CFO/TA 0.06 > 3% & CFO 37.8m > Net Income 13.9m |
| Net Debt (-324.9m) to EBITDA (20.5m): -15.82 < 3 |
| Current Ratio: 7.63 > 1.5 & < 3 |
| Outstanding Shares: last quarter (85.8m) vs 12m ago 8.88% < -2% |
| Gross Margin: 35.29% > 18% (prev 0.36%; Δ 3493 % > 0.5%) |
| Asset Turnover: 74.46% > 50% (prev 68.80%; Δ 5.66% > 0%) |
| Interest Coverage Ratio: -0.14 > 6 (EBITDA TTM 20.5m / Interest Expense TTM -16.4m) |
Altman Z'' 4.09
| A: 0.62 (Total Current Assets 440.7m - Total Current Liabilities 57.8m) / Total Assets 613.2m |
| B: -0.00 (Retained Earnings -2.48m / Total Assets 613.2m) |
| C: 0.00 (EBIT TTM 2.22m / Avg Total Assets 545.2m) |
| D: -0.02 (Book Value of Equity -1.39m / Total Liabilities 75.4m) |
| Altman-Z'' Score: 4.09 = AA |
Beneish M -2.99
| DSRI: 0.96 (Receivables 82.9m/70.1m, Revenue 406.0m/328.4m) |
| GMI: 1.02 (GM 35.29% / 35.96%) |
| AQI: 0.87 (AQ_t 0.23 / AQ_t-1 0.27) |
| SGI: 1.24 (Revenue 406.0m / 328.4m) |
| TATA: -0.04 (NI 13.9m - CFO 37.8m) / TA 613.2m) |
| Beneish M-Score: -2.99 (Cap -4..+1) = A |
What is the price of GDYN shares?
Over the past week, the price has changed by -4.39%, over one month by -6.34%, over three months by -7.60% and over the past year by -63.66%.
Is GDYN a buy, sell or hold?
- StrongBuy: 3
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the GDYN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 12.5 | 51.1% |
| Analysts Target Price | 12.5 | 51.1% |
| ValueRay Target Price | 6.9 | -16.3% |
GDYN Fundamental Data Overview January 27, 2026
P/E Forward = 131.5789
P/S = 1.7945
P/B = 1.3547
Revenue TTM = 406.0m USD
EBIT TTM = 2.22m USD
EBITDA TTM = 20.5m USD
Long Term Debt = 13.6m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 5.29m USD (from shortTermDebt, last quarter)
Debt = 13.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -324.9m USD (from netDebt column, last quarter)
Enterprise Value = 403.6m USD (728.5m + Debt 13.6m - CCE 338.6m)
Interest Coverage Ratio = -0.14 (Ebit TTM 2.22m / Interest Expense TTM -16.4m)
EV/FCF = 17.10x (Enterprise Value 403.6m / FCF TTM 23.6m)
FCF Yield = 5.85% (FCF TTM 23.6m / Enterprise Value 403.6m)
FCF Margin = 5.81% (FCF TTM 23.6m / Revenue TTM 406.0m)
Net Margin = 3.42% (Net Income TTM 13.9m / Revenue TTM 406.0m)
Gross Margin = 35.29% ((Revenue TTM 406.0m - Cost of Revenue TTM 262.7m) / Revenue TTM)
Gross Margin QoQ = 33.32% (prev 34.13%)
Tobins Q-Ratio = 0.66 (Enterprise Value 403.6m / Total Assets 613.2m)
Interest Expense / Debt = 12.32% (Interest Expense 1.68m / Debt 13.6m)
Taxrate = 21.0% (US default 21%)
NOPAT = 1.76m (EBIT 2.22m * (1 - 21.00%))
Current Ratio = 7.63 (Total Current Assets 440.7m / Total Current Liabilities 57.8m)
Debt / Equity = 0.03 (Debt 13.6m / totalStockholderEquity, last quarter 537.7m)
Debt / EBITDA = -15.82 (Net Debt -324.9m / EBITDA 20.5m)
Debt / FCF = -13.77 (Net Debt -324.9m / FCF TTM 23.6m)
Total Stockholder Equity = 526.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.55% (Net Income 13.9m / Total Assets 613.2m)
RoE = 2.64% (Net Income TTM 13.9m / Total Stockholder Equity 526.3m)
RoCE = 0.41% (EBIT 2.22m / Capital Employed (Equity 526.3m + L.T.Debt 13.6m))
RoIC = 0.33% (NOPAT 1.76m / Invested Capital 526.3m)
WACC = 10.99% (E(728.5m)/V(742.1m) * Re(11.01%) + D(13.6m)/V(742.1m) * Rd(12.32%) * (1-Tc(0.21)))
Discount Rate = 11.01% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.88%
[DCF Debug] Terminal Value 71.52% ; FCFF base≈21.9m ; Y1≈26.0m ; Y5≈40.9m
Fair Price DCF = 8.92 (EV 431.8m - Net Debt -324.9m = Equity 756.7m / Shares 84.8m; r=10.99% [WACC]; 5y FCF grow 20.34% → 2.90% )
EPS Correlation: -48.67 | EPS CAGR: -47.89% | SUE: -4.0 | # QB: 0
Revenue Correlation: 89.98 | Revenue CAGR: 12.70% | SUE: 0.37 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.10 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=6
EPS next Year (2026-12-31): EPS=0.47 | Chg30d=+0.002 | Revisions Net=-1 | Growth EPS=+17.8% | Growth Revenue=+10.1%