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Grid Dynamics Holdings, Inc. (GDYN) stock

GDYNNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 14/3013% below fair value
$13.21−0.17 (-1.27%)

Close on Nov 13, 2026Market cap $1.06BP/E 146.8Yield –

Grid Dynamics gross margin

Gross margin is gross profit as a percentage of revenue.

Grid Dynamics's gross margin for the twelve months ending Sep 30, 2026 was 36.5%. For fiscal 2025 it was 34.6%, against 36.2% the year before. The highest annual figure on record is 42.8% in fiscal 2018.

Annual gross margin

PeriodPeriod endValueChange (pts)
FY2025Dec 31, 202534.6%−1.7
FY2024Dec 31, 202436.2%+0.1
FY2023Dec 31, 202336.2%−2.7
FY2022Dec 31, 202238.8%−2.7
FY2021Dec 31, 202141.5%+4.1
FY2020Dec 31, 202037.4%−3.4
FY2019Dec 31, 201940.8%−2.0
FY2018Dec 31, 201842.8%–

Quarterly gross margin

Change is against the same quarter a year earlier.

PeriodPeriod endValueChange (pts)
Q3 FY2026Sep 30, 202640.3%+7.0
Q2 FY2026Jun 30, 202636.6%+2.5
Q1 FY2026Mar 31, 202634.8%−2.0
Q4 FY2025Dec 31, 202534.0%−2.9
Q3 FY2025Sep 30, 202533.3%−4.1
Q2 FY2025Jun 30, 202534.1%−1.5
Q1 FY2025Mar 31, 202536.8%+2.2
Q4 FY2024Dec 31, 202436.9%+0.9
Q3 FY2024Sep 30, 202437.4%+1.1
Q2 FY2024Jun 30, 202435.6%−1.0
Q1 FY2024Mar 31, 202434.7%−1.0
Q4 FY2023Dec 31, 202336.0%−4.0
Q3 FY2023Sep 30, 202336.4%−3.9
Q2 FY2023Jun 30, 202336.6%−0.7
Q1 FY2023Mar 31, 202335.7%−1.8
Q4 FY2022Dec 31, 202240.1%−1.0
Q3 FY2022Sep 30, 202240.3%+1.1
Q2 FY2022Jun 30, 202237.3%−3.4
Q1 FY2022Mar 31, 202237.5%−4.9
Q4 FY2021Dec 31, 202141.1%+3.6
Q1 FY2021Mar 31, 202139.2%+8.9
Q4 FY2020Dec 31, 202040.7%+1.1
Q3 FY2020Sep 30, 202042.4%−1.5
Q2 FY2020Jun 30, 202037.5%−2.4
Q1 FY2020Mar 31, 202030.2%−9.1
Q4 FY2019Dec 31, 201939.6%–
Q3 FY2019Sep 30, 201943.9%–
Q2 FY2019Jun 30, 201939.9%–
Q1 FY2019Mar 31, 201939.4%–

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