Grid Dynamics Holdings (GDYN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Grid Dynamics Holdings

NasdaqCM•Technology•Information Technology Services

$8.06-0.14(-0.02%)Market closed

Market Cap

$664.85M

P/E

232.3x

P/S

1.6x

P/B

1.3x

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.

How this company scores

AverageMetricSide Score: 46/100

Strongest: Cash & Earnings Quality (16/25); weakest: Profitability (5/25).

Profitability5/25

Growth10/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality16/25

Strengths

Interest easily coveredCash-backed earningsConsistent free cash flowConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 232.3x5y range 47.2x – 447.7x

Currently above its 9-quarter median.

P/S · 1.6x5y range 1.2x – 10.5x

Currently below its 20-quarter median.

P/B · 1.3x5y range 0.9x – 9.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 236.2% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Share Dilution

Red Flag

Shares outstanding increased 7.3% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $664.85M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $422.58M
Q. Revenue: $108.16M
TTM EBITDA: $18.42M
TTM Op. Income: $-2.14M
Q. Op. Income: $1.28M
TTM Net Income: $2.86M
Q. Net Income: $2.85M
EPS: $0.03
Shares Out.: $82.28M

$422.58M in TTM revenue grew 8.6% YoY, reaching $108.16M last quarter. TTM EBITDA of $18.42M and TTM operating income of $-2.14M show growth is flowing through to the bottom line. TTM net income of $2.86M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 36.6%
EBITDA Margin: 6.1%
Op. Margin: 1.2%
Net Margin: 2.6%

Op. margin of 1.2% is up 1.3% YoY — cost efficiency is improving. Net margin at 2.6% and gross margin of 36.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 1070% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 232.3x
P/S Ratio: 1.6x
P/B Ratio: 1.3x

At 232.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.6x and P/B of 1.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $600.37M
Cash: $298.43M
Long-Term Debt: N/A
Book Value: $519.92M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $6.10M
TTM Free Cash Flow: $16.00M
FCF Margin: 3.8%
FCF / Net Income: 5.6

TTM FCF of $16.00M on $6.10M in operating cash flow. The FCF / Net Income ratio of 5.6x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.