Grid Dynamics Holdings Inc. Class A (GDYN) Key Ratios
$13.69
As on 02-Nov-2026 16:22EST
Market cap
$1,084 Mln
Revenue (TTM)
$433 Mln
P/E Ratio
148.4
P/B Ratio
1.5
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 5.67 | 9.73 | 6.59 | 11.11 | 19.87 |
| EBIT | -- | -- | -40.26 | 4.29 | 3.33 |
| Net Profit | 116.13 | 423.70 | -43.48 | 39.08 | 23.65 |
| EPS | 119.11 | 448.92 | -40.84 | 37.85 | 20.68 |
| Book Value | -- | -- | 1.49 | 8.54 | 15.47 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 1.44 | -0.69 | -0.37 | -0.39 | 3.15 |
| Net Margin
| -- | -3.69 | 1.81 | -- | -- |
| Return on equity
| 0.75 | -2.34 | 1.49 | 1.82 | 0.90 |
| Return on Capital
| 0.73 | -2.33 | -- | 1.77 | 0.87 |
| Return on Assets
| 0.66 | -2.08 | 0.93 | 1.60 | 0.79 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.03 | 0.02 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
--
|
1.77
|
0.87
|
-0.46
|
-9.77
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
1.49
Lower than Peers by 17.56
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
1.49
|
1.82
|
0.90
|
-0.47
|
-9.90
|
|
Peer Median
|
19.05
|
--
|
--
|
--
|
--
|
ROA
0.93
Lower than Peers by 4.05
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
0.93
|
1.60
|
0.79
|
-0.42
|
-8.75
|
|
Peer Median
|
4.98
|
--
|
--
|
--
|
--
|
EBIT Margin
-0.37
Lower than Peers by 11.61
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
-0.37
|
-0.39
|
3.15
|
1.55
|
-6.59
|
|
Peer Median
|
11.24
|
--
|
--
|
--
|
--
|
Net Margin
1.81
Lower than Peers by 6.41
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
1.81
|
2.35
|
1.15
|
-0.56
|
-9.41
|
|
Peer Median
|
8.22
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
6.59
Lower than Peers by 1.67
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
6.59
|
0.17
|
0.12
|
0.01
|
0.47
|
|
Peer Median
|
8.26
|
--
|
--
|
--
|
--
|
EBIT Growth
-40.26
Lower than Peers by 54.85
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
-40.26
|
-114.43
|
128.50
|
123.65
|
-734.14
|
|
Peer Median
|
14.59
|
--
|
--
|
--
|
--
|
Net Profit Growth
-43.48
Lower than Peers by 57.89
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
-43.48
|
139.25
|
328.95
|
93.96
|
-279.40
|
|
Peer Median
|
14.42
|
--
|
--
|
--
|
--
|
EPS Growth
-40.84
Lower than Peers by 63.21
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
-40.84
|
1.32
|
3.13
|
0.94
|
-2.37
|
|
Peer Median
|
22.37
|
--
|
--
|
--
|
--
|
Book Value Growth
2.10
Lower than Peers by 11.51
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
2.10
|
--
|
--
|
--
|
--
|
|
Peer Median
|
13.60
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
--
|
0.03
|
0.02
|
0.03
|
0.02
|
|
Peer Median
|
0.36
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.01
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
7.34
Higher than Peers by 5.96
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
7.34
|
8.43
|
7.62
|
7.67
|
8.35
|
|
Peer Median
|
1.38
|
--
|
--
|
--
|
--
|
Quick Ratio
7.34
Higher than Peers by 5.98
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
7.34
|
--
|
--
|
7.67
|
8.24
|
|
Peer Median
|
1.36
|
--
|
--
|
--
|
--
|
Interest Coverage
--
--
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
--
|
--
|
--
|
--
|
-36.85
|
|
Peer Median
|
9.23
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
22.18
Higher than Peers by 3.53
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
22.18
|
19.30
|
19.79
|
17.12
|
17.38
|
|
Peer Median
|
18.65
|
--
|
--
|
--
|
--
|
Asset Turnover
0.51
Lower than Peers by 0.01
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
0.51
|
0.68
|
0.68
|
0.74
|
0.93
|
|
Peer Median
|
0.52
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
--
|
66.01
|
64.04
|
62.75
|
57.76
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
--
|
--
|
0.00
|
3.93
|
4.69
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
--
|
5.26
|
6.28
|
6.87
|
5.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
--
|
--
|
57.76
|
59.80
|
56.73
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
148.44
Higher than Peers by 121.42
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
148.44
|
80.74
|
461.24
|
-589.34
|
-28.43
|
|
Peer Median
|
27.02
|
--
|
--
|
--
|
--
|
Price / Book Value
1.48
Lower than Peers by 3.90
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
1.48
|
1.44
|
3.60
|
2.72
|
2.29
|
|
Peer Median
|
5.39
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
20.32
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
20.32
|
19.63
|
51.75
|
46.82
|
-53.87
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
1,084
Lower than Peers by 358
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Grid Dynamics Holdings Inc. Class A (GDYN)
|
1,084
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,442
|
--
|
--
|
--
|
--
|