Grid Dynamics Holdings, Inc. (GDYN)

From the record

Grid Dynamics Holdings, Inc.'s filings since 2018 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2020-03-09); an auditor change (8-K item 4.01, the latest 2020-03-17) (its current reports).

From the record

Grid Dynamics Holdings, Inc.'s 7 filed years say what it did: revenue went from $118 million in fiscal 2019 to $412 million in fiscal 2025, up 23.1% a year; it rose in 5 of 6 years; the deepest fall was 6% from fiscal 2019 to fiscal 2020; net income was positive in 3 of 7 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Grid Dynamics Holdings, Inc.'s diluted share count grew about 7.9% a year, and dividends and buybacks returned about 2% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 32 sales (24 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Grid Dynamics Holdings, Inc. earned about 2 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 23 cents per dollar of everything the company owns. Leverage: it owed about 12 cents per dollar of assets, and net share issuance: its share count grew 8.7% over the year (the filed statements).

From the record

Grid Dynamics Holdings, Inc.'s standing among 218 graded names in its industry family: revenue of $412 million in fiscal 2025 ranks in the bottom 47% by size; a net margin of 2.3% ranks in the top 42%; revenue growth of 9.9% a year over the last 3 filed years ranks in the bottom 43% (its annual reports).

From the record

Grid Dynamics Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Livschitz, Leonard (CHIEF EXECUTIVE OFFICER, as filed), filing under that title since 2020-03-16, 6.7 years (top 27% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 6.7 years (top 30%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 28%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Grid Dynamics Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $342 million against no long-term debt tagged leaves 55.8% of its assets as net cash, top 8% of its family; cash from operations less capital spending is 6.1% of revenue (bottom 36%); a gross margin of 34.6% (bottom 15%); research spending of 5.7% of revenue (bottom 8%) (its annual report).

From the record

Grid Dynamics Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 9.9% a year over the last three filed years against 23.1% over all 7, slowing (bottom 29% of its family); the newest year grew 17.5% (top 38%); research spending grew 14.5% a year (top 29%); capital spending grew 36.2% a year (top 17%) (its annual reports). Grid Dynamics Holdings, Inc. reported 6 product lines in fiscal 2025: Retail at $121 million (29%), Technology Media and Telecom at $107 million (26%), Financial Service at $100 million (24%), and 3 more; 5 of 6 grew against the year before (its annual report).

From the record

Grid Dynamics Holdings, Inc.'s newest year against its own record: revenue of $412 million in fiscal 2025 came in 10.6% above the $373 million its prior three years' pace pointed to (top 18% of its family); net income of $10 million against a prior three-year average of $9 million (top 8%); a net margin of 2.3% against -2.9% before (bottom 45%) (its annual reports).