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Grid Dynamics Holdings stock: growth
GDYNGrid Dynamics Holdings reported $411.83M in revenue for fiscal 2025, up 17.5% on the prior year, up 29.9% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
24.6%
per year from 2017 to 2025, per share −11.4%
Earnings (Annual rate)
−3.8%
per year from 2017 to 2025, per share −32%
Free cash flow (Annual rate)
24.1%
per year from 2017 to 2025, per share −11.8%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2017 | |
|---|---|---|
| Revenue | 29.9% | 24.6% |
| Revenue per share | 14.4% | −11.4% |
| Earnings | no data | −3.8% |
| Earnings per share | no data | −32.0% |
| Free cash flow | 47.0% | 24.1% |
| Free cash flow per share | 29.4% | −11.8% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2017 | $70.68M | $13.18M | $4.48M |
| 2018 | $91.87M | $9.23M | $7.51M |
| 2019 | $118.33M | $10.81M | $9.72M |
| 2020 | $111.28M | −$12.6M | $3.68M |
| 2021 | $211.28M | −$7.7M | $13.26M |
| 2022 | $310.48M | −$29.21M | $25.58M |
| 2023 | $312.91M | −$1.77M | $33.22M |
| 2024 | $350.57M | $4.04M | $18.43M |
| 2025 | $411.83M | $9.67M | $25.27M |
Revenue by segment
How Grid Dynamics Holdings, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Retail29%
- Technology, Media, And Telecom26%
- Financial Service24%
- Manufactured Product, Other10%
- Product and Service, Other7%
- Health Care2%
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| Retail | $61.72M | $99.68M | $102.55M | $113.96M | $120.51M | 29.3% |
| Technology, Media, And Telecom | $67.69M | $98.33M | $98.83M | $95.05M | $107.45M | 26.1% |
| Financial Service | $17.52M | $21.89M | $28.84M | $60.16M | $100.38M | 24.4% |
| Manufactured Product, Other | $43.46M | $61.22M | $42.86M | $40.47M | $43.06M | 10.5% |
| Product and Service, Other | $20.9M | $29.36M | $39.83M | $29.83M | $30.24M | 7.3% |
| Health Care | no data | no data | no data | $11.11M | $10.18M | 2.5% |
| Total revenue | $211.28M | $310.48M | $312.91M | $350.57M | $411.83M | 100% |
Revenue by region
Where Grid Dynamics Holdings, Inc. generates its revenue.
- United States70%
- Poland3%
- Other26%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|
| United States | $238.16M | $277.74M | $289.14M | 70.2% |
| Poland | no data | no data | $14.01M | 3.4% |
| Other | $74.76M | $72.83M | $108.68M | 26.4% |
| Total revenue | $312.91M | $350.57M | $411.83M | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 14 Aug 2026)
- Valuation signal Fairly valued since 12 Nov 2026, previously Overvalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.