Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise-level digital transformation services for Fortune 1000 corporations in the United States, and Central and Eastern European countries. It works in collaboration with its clients on digital transformation initiatives that cover strategy consulting, early prototypes, and enterprise-scale delivery of new digital platforms. The company offers technical consulting, software design, development, testing, and internet service operations services. It serves customers that operate in the retail, technology and media, consumer packaged goods/manufacturing, and financial services sectors. The company was founded in 2006 and is headquartered in San Ramon, California.
IPO Year: 2018
Exchange: NASDAQ
Website: griddynamics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/2/2024 | $12.00 → $16.00 | Hold → Buy | TD Cowen |
| 5/24/2024 | $13.00 | Outperform | Wedbush |
| 3/4/2022 | $40.00 → $22.50 | Outperform | Northland Capital Markets |
| 3/4/2022 | $45.00 → $22.00 | Buy | Needham |
| 11/5/2021 | $30.00 → $45.00 | Buy | Needham |
| 11/1/2021 | $35.00 | Buy | Citigroup |
| 8/6/2021 | $23.00 → $30.00 | Buy | Needham |
| 7/30/2021 | $25.00 | Overweight | JP Morgan |
| 7/9/2021 | $22.00 → $23.00 | Buy | Needham |
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Record Revenues of $101.1 million and GAAP Net Income of $5.3 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or the "Company"), a leader in enterprise-level AI and digital transformation, today announced results for the second quarter ended June 30, 2025. We are pleased to report second quarter 2025 revenues of $101.1 million, slightly above the midpoint of our outlook of $100.0 million to $102.0 million that we provided in May 2025. Retail remained our largest vertical, contributing 29.2% of total revenues in the second quarter of 2025. The Finance vertical maintained its strong growth, doubling revenues year-over-year for the fourth consecutive quarter. This per
Key Takeaways: Grid Dynamics and SmartRay partner to create a new workflow automation for SmartRay's 3D weld inspection solution, JOSY, substantially accelerating planning and implementation times, and reducing operational cost and risk. The solution achieves a high-level of automation by integrating AI-assisted workpiece feasibility analysis, tool path generation, and tool path execution. Built on the Wandelbots NOVA platform, the solution ensures seamless integration with a wide range of robotic manipulators and leverages state-of-the-art simulation and optimization components. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consult
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, July 31, 2025 to discuss its second quarter 2025 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call, as well as a replay available after the event, can be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors. About Grid Dynamics Grid Dynamics (NASDAQ:GDYN) is a leading provider of technology consulting, platfo
Key Takeaways: Grid Dynamics introduces an AI-powered engagement model for software delivery. This engagement model expands Grid Dynamics' offerings by providing a fundamentally new way of delivering value—enabling clients to achieve superior outcomes by providing the next level of agility, quality, and accelerated time-to-market. The model is based on the Grid Dynamics AI-Native Development Framework (GAIN Development Framework)—a combination of proprietary processes, human capital, and an AI-Enabled Development Platform. This framework is designed specifically to support the scale and complexity of Fortune 1000 enterprises. Based on internal benchmarks, we expect this model to ac
Key Takeaways: At Automatica 2025, Grid Dynamics will present TPGen—an AI robotic solution developed in partnership with Wandelbots to automate industrial robotic workflows that involve complex programming. The new solution dramatically reduces programming time—transforming what typically takes weeks of manual robot programming and analysis into automated processes completed in minutes through automatic tool-path generation based on CAD models. TPGen is built on top of the Wandelbots NOVA platform which enables seamless integration with a broad range of robotic manipulators. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics)—a leading provider of technology consulting, p
Key Takeaways: The Intralogistics Optimization Starter Kit enables retailers, manufacturers, and logistics companies to improve facility layouts and picking paths—boosting warehouse efficiency, reducing labor costs, and avoiding the risks and costs of trial-and-error changes. The solution combines large-scale, physics-accurate simulations built on NVIDIA Omniverse technologies with advanced optimization algorithms developed by Grid Dynamics, and aims to accelerate AI-driven transformation in supply chain and smart manufacturing operations. This release expands Grid Dynamics' portfolio of supply chain intelligence accelerators, responding to strong client demand for scenario simulat
Record Revenues of $100.4 million and GAAP Net Income of $2.9 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or the "Company"), a leader in enterprise-level digital transformation, today announced results for the first quarter ended March 31, 2025. We are pleased to report first quarter 2025 revenues of $100.4 million, slightly above our outlook range of $98.0 million to $100.0 million that we provided in February 2025. Retail remained our largest vertical accounting for 31.4% of total revenues during the first quarter of 2025. The Finance vertical demonstrated the strongest performance, with revenues increasing 7.9% sequentially and 144.3% on a year-over-year basis.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, May 1, 2025 to discuss its first quarter 2025 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call, as well as a replay available after the event, can be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors. About Grid Dynamics Grid Dynamics (NASDAQ:GDYN) is a leading provider of technology consulting, platform and
Key Takeaways: The IoT Control Tower enables manufacturers, equipment providers, and energy companies to continuously analyze and act on data from production facilities and equipment fleets using machine learning, generative AI, and agentic AI methods. The new platform accelerates the deployment of large-scale analytics solutions for manufacturers by providing a centralized system integrated with other smart manufacturing components from Grid Dynamics. Employing the latest AI/ML technologies, Grid Dynamics created the IoT Control Tower to help clients reduce labor costs associated with manufacturing analytics, minimize issue response times, and improve process efficiency. Grid Dynam
Key Takeaways: Grid Dynamics announces two key executive appointments effective April 1, 2025. Rajeev Sharma, current CTO, will be appointed as Managing Partner of APAC to drive regional expansion, engineering excellence, M&A, and strategic partnerships across the Asia-Pacific region. Dr. Eugene Steinberg, Distinguished Technical Fellow, will become Chief Technology Officer, leading AI innovation and advanced technology solutions. Strategic leadership appointments to strengthen execution of Grid Dynamics' GigaCube growth strategy. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and
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Record Revenues of $101.1 million and GAAP Net Income of $5.3 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or the "Company"), a leader in enterprise-level AI and digital transformation, today announced results for the second quarter ended June 30, 2025. We are pleased to report second quarter 2025 revenues of $101.1 million, slightly above the midpoint of our outlook of $100.0 million to $102.0 million that we provided in May 2025. Retail remained our largest vertical, contributing 29.2% of total revenues in the second quarter of 2025. The Finance vertical maintained its strong growth, doubling revenues year-over-year for the fourth consecutive quarter. This per
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, July 31, 2025 to discuss its second quarter 2025 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call, as well as a replay available after the event, can be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors. About Grid Dynamics Grid Dynamics (NASDAQ:GDYN) is a leading provider of technology consulting, platfo
Record Revenues of $100.4 million and GAAP Net Income of $2.9 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or the "Company"), a leader in enterprise-level digital transformation, today announced results for the first quarter ended March 31, 2025. We are pleased to report first quarter 2025 revenues of $100.4 million, slightly above our outlook range of $98.0 million to $100.0 million that we provided in February 2025. Retail remained our largest vertical accounting for 31.4% of total revenues during the first quarter of 2025. The Finance vertical demonstrated the strongest performance, with revenues increasing 7.9% sequentially and 144.3% on a year-over-year basis.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, May 1, 2025 to discuss its first quarter 2025 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call, as well as a replay available after the event, can be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors. About Grid Dynamics Grid Dynamics (NASDAQ:GDYN) is a leading provider of technology consulting, platform and
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, February 20, 2025 to discuss its fourth quarter and full year 2024 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call, as well as a replay available after the event, can be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors. About Grid Dynamics Grid Dynamics (NASDAQ:GDYN) is a leading provider of technology
Record Revenues of $87.4 million and GAAP Net Income of $4.3 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or the "Company"), a leader in enterprise-level digital transformation, today announced results for the third quarter ended September 30, 2024. We are very pleased to report third quarter 2024 revenues of $87.4 million that was higher than our outlook range of $84.0 million to $86.0 million that we provided in August 2024. Our Retail and Technology, Media and Telecom ("TMT") verticals were the two largest verticals during the third quarter of 2024 with 34.1% and 27.7% of our revenues, respectively. Our Finance vertical, representing 16.2% of our third quarter re
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, October 31, 2024 to discuss its third quarter 2024 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call may be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors with the passcode: $Q3@2024. A replay will be available after the video conference at https://www.griddynamics.com/investors. About Grid Dynamics Grid
Record revenue of $83.0 million and GAAP Net Loss of $0.8 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or "Company"), a leader in enterprise-level digital transformation, today announced results for the second quarter ended June 30, 2024. We are very pleased to report the second quarter 2024 revenues of $83.0 million that was higher than our outlook range of $80.0 million to $82.0 million that we provided in May 2024. Our Retail and Technology, Media and Telecom ("TMT") verticals were the two largest verticals during the second quarter of 2024 with 32.2% and 28.0% of our revenues, respectively. Our Finance vertical, representing 15.1% of our second quarter revenue
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, August 1, 2024 to discuss its second quarter 2024 financial results. A press release containing these results will be issued before the call. A webcast of the video conference call will be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors with the passcode: $Q2@2024. A replay will be available after the video conference at https://www.griddynamics.com/investors. About Grid Dynamics Grid Dynamics (NASDAQ
Revenue of $79.8 million and GAAP Net Loss of $3.9 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or "Company"), a leader in enterprise-level digital transformation, today announced results for the first quarter ended March 31, 2024. We are very pleased to report the first quarter 2024 revenues of $79.8 million that was higher than our outlook range of $77.0 million to $79.0 million that we provided in February 2024. Our Retail and Technology, Media and Telecom ("TMT") verticals were the two largest verticals during the first quarter of 2024 with 30.9% and 30.1% of our revenues, respectively. Our Finance vertical, representing 12.8% of our first quarter revenues, gr
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TD Cowen upgraded Grid Dynamics from Hold to Buy and set a new price target of $16.00 from $12.00 previously
Wedbush initiated coverage of Grid Dynamics with a rating of Outperform and set a new price target of $13.00
Northland Capital Markets reiterated coverage of Grid Dynamics Holdings with a rating of Outperform and set a new price target of $22.50 from $40.00 previously
Needham reiterated coverage of Grid Dynamics Holdings with a rating of Buy and set a new price target of $22.00 from $45.00 previously
Needham reiterated coverage of Grid Dynamics Holdings with a rating of Buy and set a new price target of $45.00 from $30.00 previously
Citigroup initiated coverage of Grid Dynamics with a rating of Buy and set a new price target of $35.00
Needham reiterated coverage of Grid Dynamics Holdings with a rating of Buy and set a new price target of $30.00 from $23.00 previously
JP Morgan initiated coverage of Grid Dynamics Holdings with a rating of Overweight and set a new price target of $25.00
Needham reiterated coverage of Grid Dynamics Holdings with a rating of Buy and set a new price target of $23.00 from $22.00 previously
Needham reiterated coverage of Grid Dynamics Holdings with a rating of Buy and set a new price target of $22.00 from $20.00 previously
Live Leadership Updates
NEW YORK, Dec. 26, 2024 /PRNewswire/ -- Grid Dynamics Holdings Inc. (NASD: GDYN) will replace Revelyst Inc. (NYSE:GEAR) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, January 2. Strategic Value Partners is acquiring Revelyst in a deal expected to close soon pending final conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Jan 2, 2025 S&P SmallCap 600 Addition Grid Dynamics Holdings GDYN Information Technology Jan 2, 2025 S&P SmallCap 600 Deletion Revelyst GEAR Consumer Discretionary For more information about S&P Dow Jo
Key Takeaways: The acquisition of JUXT accelerates Grid Dynamics' growth in the banking and financial services industries, particularly within the European market. JUXT's expertise as a full life cycle developer and operator of mission-critical information systems reinforces Grid Dynamics' go-to-market offering within financial services. The deal expands Grid Dynamics' portfolio of enterprise clients, and reinforces the company's position as a leader in complex data solutions. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services, today announces its acquisition o
Key Takeaways: Rahul Shah joins the Grid Dynamics leadership team as Regional Head, India. In this pivotal role for Grid Dynamics, Rahul is focused on revenue growth, customer acquisition, and talent development. Rahul's 30+ years of industry experience and proven track record of building high-performing teams strengthen Grid Dynamics' ability to accelerate top-line revenue growth. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and advanced analytics services, today proudly announced that Rahul Shah joined the company as Regional Head, India. Rahul's pivotal role centers around revenu
Key Takeaways:Valery Zelixon joins Grid Dynamics as Senior Vice President of Sales, and under his leadership, Grid Dynamics will enhance its focus on sales and new growth strategies.A results-oriented business transformation leader, Zelixon joins Grid Dynamics with a track record of leading high-performing sales teams.Zelixon joins Grid Dynamics from EPAM where he served as Vice President and Head of North American Hunting Sales.The addition of Zelixon to the executive team strengthens Grid Dynamics' ability to implement its GigaCube growth strategy and accelerate top-line revenue growth.SAN RAMON, CA / ACCESSWIRE / July 11, 2023 / Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics),
Key Takeaways:The new Modern Application Development practice reinforces Grid Dynamics' integrated approach to building secure, cloud-native, and microservices-driven intelligent digital enterprise platforms.With deep experience in building customized digital platforms for the Fortune 1000, Grid Dynamics is expanding its offerings to embrace the cloud, cybersecurity, and automation paradigm as a foundation for Modern Application Development.This new direction prioritizes the need for embedding cybersecurity and Zero Trust-based approaches into the core application development process.The appointment of Chuck Tsocanos, a cloud and cybersecurity veteran, gives Grid Dynamics a distinct advantag
SAN RAMON, CA / ACCESSWIRE / February 28, 2022 / Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leader in enterprise-level digital engineering services and solutions, today announced the appointment of Patrick Nicolet, the former CTO and Executive Board Member of Capgemini, to the company's Board of Directors. This strategic appointment aligns one of the highest respected European thought leaders with Grid Dynamics to enable further the company's impressive growth trajectory, fueled by a customer-first mindset combined with deep industry expertise, advanced applications of technology and data, and human-led design methodologies."Given his extensive experience establishing Capg
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leader in enterprise-level digital transformation, today announced that Rajeev Sharma has joined the executive team as its new Chief Technology Officer. As the Chief Technology Officer, Rajeev will be responsible for defining Grid Dynamics' technical strategy, growing the technical solutions portfolio, and delivering on the promise of digital transformation through technology that became synonymous with Grid Dynamics' brand. "The vision and opportunity to make an impact at Grid Dynamics captured my attention from the very beginning. I love solving complex issues that help our customers increase their business competitiveness th