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 r&d expenses
Research and development expenses are spending on new products and technology.
Grid Dynamics's R&D Expenses for the twelve months ending Sep 30, 2026 was $23.70M, down 2.8% year over year. For fiscal 2025 it was $23.67M, up 29.0% from the year before. The highest annual figure on record is $23.67M in fiscal 2025.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $23.67M | +29.0% |
| FY2024 | Dec 31, 2024 | $18.35M | +24.5% |
| FY2023 | Dec 31, 2023 | $14.74M | -6.5% |
| FY2022 | Dec 31, 2022 | $15.77M | +86.5% |
| FY2021 | Dec 31, 2021 | $8.46M | -9.2% |
| FY2020 | Dec 31, 2020 | $9.31M | +114.2% |
| FY2019 | Dec 31, 2019 | $4.35M | +64.4% |
| FY2018 | Dec 31, 2018 | $2.64M | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $6.52M | +13.2% |
| Q2 FY2026 | Jun 30, 2026 | $6.42M | -4.8% |
| Q1 FY2026 | Mar 31, 2026 | $6.08M | -6.3% |
| Q4 FY2025 | Dec 31, 2025 | $4.68M | -13.4% |
| Q3 FY2025 | Sep 30, 2025 | $5.76M | +29.5% |
| Q2 FY2025 | Jun 30, 2025 | $6.74M | +63.4% |
| Q1 FY2025 | Mar 31, 2025 | $6.49M | +48.4% |
| Q4 FY2024 | Dec 31, 2024 | $5.40M | +39.8% |
| Q3 FY2024 | Sep 30, 2024 | $4.45M | +30.7% |
| Q2 FY2024 | Jun 30, 2024 | $4.13M | +26.1% |
| Q1 FY2024 | Mar 31, 2024 | $4.37M | +4.0% |
| Q4 FY2023 | Dec 31, 2023 | $3.86M | -17.8% |
| Q3 FY2023 | Sep 30, 2023 | $3.40M | -17.8% |
| Q2 FY2023 | Jun 30, 2023 | $3.27M | -14.8% |
| Q1 FY2023 | Mar 31, 2023 | $4.20M | +35.8% |
| Q4 FY2022 | Dec 31, 2022 | $4.70M | +69.4% |
| Q3 FY2022 | Sep 30, 2022 | $4.14M | +132.1% |
| Q2 FY2022 | Jun 30, 2022 | $3.84M | +81.3% |
| Q1 FY2022 | Mar 31, 2022 | $3.10M | +49.1% |
| Q4 FY2021 | Dec 31, 2021 | $2.77M | +7.6% |
| Q1 FY2021 | Mar 31, 2021 | $1.78M | -29.8% |
| Q4 FY2020 | Dec 31, 2020 | $2.12M | +99.4% |
| Q3 FY2020 | Sep 30, 2020 | $2.08M | +91.7% |
| Q2 FY2020 | Jun 30, 2020 | $2.58M | +292.8% |
| Q1 FY2020 | Mar 31, 2020 | $2.54M | +64.4% |
| Q4 FY2019 | Dec 31, 2019 | $1.06M | – |
| Q3 FY2019 | Sep 30, 2019 | $1.08M | – |
| Q2 FY2019 | Jun 30, 2019 | $656.00K | – |
| Q1 FY2019 | Mar 31, 2019 | $1.55M | – |
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