GDYN
Grid Dynamics Holdings, Inc.

Grid Dynamics Holdings, Inc.GDYN

Technology · Information Technology Services
13.10USD
-3.25%
Nov 08, 2026
GDYN overview ready
Provider of enterprise AI transformation and workflow automation services
Direct provider of enterprise AI transformation and implementation services; an enabler of customers' production AI and agentic-workflow deployments rather than an owner of proprietary AI infrastructure or a supply-chain bottleneck.
Primary theme is leading
IT Services & Consulting is leading (+24.8pp vs SPY over 21 sessions; 12 of 12 members ahead of SPY).
Advancing price action
Longer-term context reads early trend, with a near-term setup of extended daily.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Unremarkable fundamentals
Primary risk
Dependence on enterprise IT spending and AI adoption rates.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 20

Conviction Level

PriceAction7.1BusinessPerformance9.0BusinessQuality5.5Valuation3.0ThemeMomentum9.0Accelerating — Revenue growth has accelerated across 3 consecutive quarters, rising from +3.7% to +9.7% year over year. Diluted EPS moved to $0.08 from $0.01; the prior-year base is too small for a meaningful percentage. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+24.8pp
Theme return
+19.8%
Beating SPY
12 of 12
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads early trend, with a near-term setup of extended daily.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$1.1B
Avg Volume (60D)
1.3M
60 sessions
Revenue Growth YoY
+17.5%
FY2025 vs FY2024
Gross Margin
+36.5%
Trailing twelve months
Operating Margin
+1.7%
Trailing twelve months
Free Cash Flow Yield
+2.5%
Distance from 200DMA
+85.2%
P/E
134.1x
EV / EBITDA
26.1x
EV / Sales
1.7x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Accelerating

Revenue growth has accelerated across 3 consecutive quarters, rising from +3.7% to +9.7% year over year. Diluted EPS moved to $0.08 from $0.01; the prior-year base is too small for a meaningful percentage.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+9.7%
$114M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +5.9%
  2. +3.7%
  3. +7.0%
  4. +9.7%
Earnings growthGrowing
$0.08
Diluted EPS $0.08 vs $0.01 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
8.0%
+8.2 pp YoY · gross margin 40.3% (+7.0 pp)

Business Quality

5.5 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; intrinsic is the dissenting view.
Grid Dynamics Holdings, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
Direct provider of enterprise AI transformation and implementation services; an enabler of customers' production AI and agentic-workflow deployments rather than an owner of proprietary AI infrastructure or a supply-chain bottleneck.
Opportunity
Moderate opportunity
Enterprise spending to move AI from pilots and embedded features into production workflows through data modernization, custom application development, systems integration, agent orchestration, governance, and operational deployment.
Key risk
Dependence on enterprise IT spending and AI adoption rates.

Economic classification

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Business & Markets

Technology · Information Technology Services
What they do

Grid Dynamics Holdings, Inc. provides enterprise artificial intelligence and digital transformation services by consulting, developing, and deploying AI solutions across multiple industries internationally.

How it earns

The company generates revenue primarily through project-based services including strategy consulting, software development, and AI implementation.

Products & services
AI-Readiness strategy consulting
Data modernization
Rapid prototyping and deployment-ready AI solutions
Software development lifecycle transformation
AI use case identification and deployment
AI infrastructure agentic systems
Enterprise AI scaling services
Customers & end markets
Large enterprises in North America
Large enterprises in Europe
International enterprise clients
Market position

Niche provider specializing in enterprise AI transformation and implementation services rather than proprietary AI infrastructure.

Demand drivers
Medium cyclicality

Demand depends on enterprise IT budgets and AI adoption cycles, which can fluctuate with economic conditions.