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

$13.57-0.13(-0.01%)Market open

Market Cap

$1.11B

P/E

140.8x

P/S

2.6x

P/B

2.1x

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: 57/100

Strongest: Cash & Earnings Quality (23/25); weakest: Profitability (7/25).

Profitability7/25

Growth12/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality23/25

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 · 140.8x5y range 47.2x – 447.7x

Currently near its 10-quarter median.

P/S · 2.6x5y range 1.1x – 10.5x

Currently near its 20-quarter median.

P/B · 2.1x5y 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

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Price & Volume

Market Cap $1.11B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $432.71M
Q. Revenue: $114.29M
TTM EBITDA: $28.70M
TTM Op. Income: $7.24M
Q. Op. Income: $9.14M
TTM Net Income: $7.85M
Q. Net Income: $6.16M
EPS: $0.08
Shares Out.: $80.72M

$432.71M in TTM revenue grew 6.6% YoY, reaching $114.29M last quarter. TTM EBITDA of $28.70M and TTM operating income of $7.24M show growth is flowing through to the bottom line. TTM net income of $7.85M 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: 40.3%
EBITDA Margin: 13.2%
Op. Margin: 8.0%
Net Margin: 5.4%

Op. margin of 8.0% is up 8.2% YoY — cost efficiency is improving. Net margin at 5.4% and gross margin of 40.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 140.8x
P/S Ratio: 2.6x
P/B Ratio: 2.1x

At 140.8x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.6x and P/B of 2.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 198% — an improving trend.

Assets & Liabilities

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

Total Assets: $602.34M
Cash: $304.29M
Long-Term Debt: N/A
Book Value: $523.78M
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: $16.02M
TTM Free Cash Flow: $26.31M
FCF Margin: 6.1%
FCF / Net Income: 3.4

TTM FCF of $26.31M on $16.02M in operating cash flow. The FCF / Net Income ratio of 3.4x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 12% — an improving trend.