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Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise artificial intelligence and digital transformation services in North America, Europe, and internationally. The company offers artificial intelligence services, such as AI-Readiness through strategy consulting, data modernization, rapid and deployment-ready prototyping, and software development lifecycle transformation; identify AI use cases service, which deploys AI in customer-facing, operational, and knowledge management scenarios; AI infrastructure agentic systems; and enterprise AI scale, which helps enterprises gain enterprise-wide efficiency with deployment. It also provides cloud platform and product engineering services, including digital engagement, which delivers modular composable commerce platforms; IoT and edge computing, which assists manufacturers and logistics providers in implementing physical AI; and AI and data platforms. The company serves retail, technology, media and telecom, finance, consumer packaged goods and manufacturing, healthcare and pharma, and other verticals. Grid Dynamics Holdings, Inc. was founded in 2006 and is headquartered in San Ramon, California.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Grid Dynamics provides digital engineering and IT services to help enterprises modernize cloud, data, AI and e-commerce platforms. Long-term growth may be supported by rising demand for cloud migration, AI/ML and data analytics; investors may find the company attractive for its specialized technical capabilities and global delivery model.
Key risks include intense competition from large IT services firms and consultancies, dependence on retaining technical talent, client concentration and execution and macroeconomic sensitivity that could pressure revenue and margins.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 15.70M | 11.05M | 4.84M | -20.45M | -2.45M |
| Net income | 9.67M | 4.04M | -1.76M | -29.21M | -7.70M |
| Selling general administrative | 90.55M | 82.14M | 79.83M | 106.02M | 64.76M |
| Selling and marketing expenses | 30.03M | 28.62M | 24.15M | 19.81M | 14.46M |
| Gross profit | 142.35M | 127.00M | 113.15M | 120.59M | 87.73M |
| Reconciled depreciation | 24.80M | 18.74M | 11.07M | 9.65M | 5.05M |
| Ebit | 2.31M | -2.10M | -5.58M | -21.01M | 0.05M |
| Ebitda | 27.12M | 16.63M | 6.54M | -11.36M | 5.10M |
| Depreciation and amortization | 24.80M | 18.74M | 12.12M | 9.65M | 5.05M |
| Non operating income net other | - | - | - | - | -2.50M |
| Operating income | 2.31M | -2.10M | -5.58M | -21.01M | 0.05M |
| Other operating expenses | 409.51M | 352.68M | 318.49M | 331.49M | 211.23M |
| Interest expense | - | - | - | 0.56M | 2.50M |
| Tax provision | 6.03M | 7.01M | 9.52M | 8.76M | 5.25M |
| Interest income | 17.60M | 13.16M | 10.42M | - | - |
| Net interest income | 17.60M | 13.16M | 10.42M | - | - |
| Income tax expense | 6.03M | 7.01M | 6.60M | 8.76M | 5.25M |
| Total revenue | 411.83M | 350.57M | 312.91M | 310.48M | 211.28M |
| Total operating expenses | 140.03M | 129.11M | 118.73M | 141.60M | 87.68M |
| Cost of revenue | 269.48M | 223.57M | 199.76M | 189.89M | 123.55M |
| Total other income expense net | 13.39M | 13.16M | 10.42M | 0.56M | -2.50M |
| Net income from continuing ops | 9.67M | 4.04M | -11.37M | -29.21M | -7.70M |
| Net income applicable to common shares | - | - | - | -29.21M | -7.70M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 612.89M | 592.19M | 435.17M | 411.15M | 256.72M |
| Intangible assets | 41.61M | 47.92M | 31.63M | 20.38M | 19.10M |
| Other current assets | 17.99M | 19.28M | 13.19M | 8.15M | 4.50M |
| Total liab | 70.82M | 74.36M | 52.26M | 48.10M | 29.67M |
| Total stockholder equity | 542.07M | 517.83M | 382.91M | 363.04M | 227.05M |
| Deferred long term liab | - | - | - | - | 4.32M |
| Other current liab | 42.16M | 37.95M | 33.79M | 30.43M | 9.60M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Capital stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Retained earnings | -2.18M | -11.85M | -15.89M | -14.12M | 15.09M |
| Other liab | - | - | - | 3.76M | 4.32M |
| Good will | 84.36M | 83.41M | 53.87M | 45.51M | 35.96M |
| Other assets | - | - | - | 5.22M | 2.73M |
| Cash | 342.06M | 334.65M | 257.23M | 256.73M | 144.36M |
| Total current liabilities | 52.11M | 55.54M | 42.22M | 38.71M | 25.34M |
| Current deferred revenue | - | - | 0.58M | 1.88M | 0.80M |
| Net debt | -325.02M | -322.03M | -246.23M | -248.59M | -144.36M |
| Short term debt | 6.25M | 5.42M | 4.24M | 2.50M | 12.89M |
| Short long term debt total | 17.04M | 12.62M | 11.00M | 8.14M | - |
| Other stockholder equity | 543.19M | 532.58M | 397.51M | 378.01M | 212.08M |
| Property plant equipment | - | - | - | 14.42M | 6.17M |
| Total current assets | 439.53M | 423.30M | 323.98M | 323.13M | 192.76M |
| Net tangible assets | - | - | - | 295.67M | 172.00M |
| Net receivables | 79.48M | 69.37M | 53.56M | 53.95M | 43.31M |
| Inventory | - | - | 0.00M | 4.29M | 0.58M |
| Accounts payable | 3.70M | 4.07M | 3.62M | 3.90M | 2.05M |
| Accumulated other comprehensive income | 1.05M | -2.91M | 1.27M | -0.85M | -0.13M |
| Common stock total equity | - | - | - | - | 0.01M |
| Retained earnings total equity | - | - | - | - | 15.09M |
| Non currrent assets other | 3.22M | 2.66M | -3.83M | 1.22M | - |
| Non current assets total | 173.36M | 168.89M | 111.19M | 88.02M | 63.95M |
| Capital lease obligations | 17.04M | 12.62M | 11.00M | 8.14M | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 0.00M | -51.30M | -34.37M | -16.32M | -35.37M |
| Change to liabilities | - | - | - | 1.73M | 4.42M |
| Total cashflows from investing activities | -15.14M | -51.30M | -25.95M | -16.32M | -35.37M |
| Net borrowings | - | 0.00M | 0.00M | - | - |
| Total cash from financing activities | -19.94M | 101.16M | -16.32M | 97.76M | 49.13M |
| Change to operating activities | - | - | - | -3.27M | 1.75M |
| Net income | 9.67M | 4.04M | -1.76M | -29.21M | -7.70M |
| Change in cash | 6.90M | 77.93M | 0.50M | 112.36M | 31.62M |
| Begin period cash flow | 335.15M | 257.23M | 256.73M | 144.36M | 112.75M |
| End period cash flow | 342.06M | 335.15M | 257.23M | 256.73M | 144.36M |
| Total cash from operating activities | 40.60M | 30.20M | 41.09M | 31.65M | 17.97M |
| Issuance of capital stock | 0.00M | 108.08M | 0.00M | 109.54M | 78.31M |
| Depreciation | 24.80M | 18.74M | 12.12M | 9.65M | 5.05M |
| Other cashflows from investing activities | - | -0.04M | - | - | -30.65M |
| Dividends paid | - | - | - | - | 0.00M |
| Change to inventory | - | - | - | - | 0.80M |
| Change to account receivables | -11.14M | -9.48M | 2.08M | -8.74M | -18.68M |
| Sale purchase of stock | -2.00M | 0.00M | -16.83M | 0.00M | 126.46M |
| Other cashflows from financing activities | -18.41M | -6.92M | -16.83M | -6.78M | -29.18M |
| Change to netincome | - | - | - | 57.47M | 36.67M |
| Capital expenditures | 15.33M | 11.77M | 7.87M | 6.07M | 4.72M |
| Change receivables | - | - | - | - | -18.68M |
| Cash flows other operating | - | - | - | - | -1.79M |
| Cash and cash equivalents changes | - | - | - | - | 31.74M |
| Change in working capital | -16.98M | -21.94M | 2.31M | -6.32M | -16.05M |
| Stock based compensation | 30.34M | 34.17M | 35.52M | 60.97M | 33.04M |
| Other non cash items | -5.89M | -0.77M | -2.95M | 0.20M | 1.02M |
| Free cash flow | 25.27M | 18.43M | 33.22M | 25.58M | 13.26M |
Sector: Technology Industry: Information Technology Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| GDYN Grid Dynamics Holdings Inc |
0.09 1.04% |
8.75 | 271.00 | 131.58 | 1.56 | 1.28 | 0.91 | 16.03 |
| IBM International Business Machines |
2.97 1.19% |
253.22 | 22.06 | 18.73 | 3.39 | 6.81 | 4.22 | 16.61 |
| ACN Accenture plc |
8.24 3.50% |
243.40 | 16.00 | 14.29 | 1.66 | 3.84 | 1.65 | 9.80 |
| INFY Infosys Ltd ADR |
-0.02 0.17% |
12.09 | 25.55 | 22.78 | 4.20 | 8.01 | 4.10 | 15.87 |
| FJTSF Fujitsu Limited |
- -% |
28.52 | 21.97 | 14.84 | 0.01 | 3.44 | 1.86 | 11.66 |
Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise artificial intelligence and digital transformation services in North America, Europe, and internationally. The company offers artificial intelligence services, such as AI-Readiness through strategy consulting, data modernization, rapid and deployment-ready prototyping, and software development lifecycle transformation; identify AI use cases service, which deploys AI in customer-facing, operational, and knowledge management scenarios; AI infrastructure agentic systems; and enterprise AI scale, which helps enterprises gain enterprise-wide efficiency with deployment. It also provides cloud platform and product engineering services, including digital engagement, which delivers modular composable commerce platforms; IoT and edge computing, which assists manufacturers and logistics providers in implementing physical AI; and AI and data platforms. The company serves retail, technology, media and telecom, finance, consumer packaged goods and manufacturing, healthcare and pharma, and other verticals. Grid Dynamics Holdings, Inc. was founded in 2006 and is headquartered in San Ramon, California.
6101 Bollinger Canyon Road, San Ramon, CA, United States, 94583
650 523 5000
4838
| Name | Title | Year Born |
|---|---|---|
| Mr. Leonard Livschitz | CEO & Director | 1967 |
| Mr. Anil Kumar Doradla | CFO & Sec. | 1970 |
| Mr. Yury Gryzlov | Chief Operating Officer | 1983 |
| Mr. Rajeev Sharma | Chief Technology Officer | NA |
| Mr. Eugene Steinberg Ph.D. | Technical Fellow & Head of Digital Commerce | 1979 |
| Mr. Stan Klimoff | Chief Strategy Officer | 1986 |
| Dr. Vadim Kozyrkov | Sr. VP of Engineering & Strategic Account Devel. | 1965 |
| Mr. Anil Kumar Doradla | CFO & Secretary | 1970 |
| Mr. Yury Gryzlov | COO & CEO of Grid Dynamics Europe | 1983 |
| Mr. Valery Zelixon | Senior Vice President of Sales | NA |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.
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