Grid Dynamics (GDYN)
Enterprise AI transformation partner delivering cloud, data and product engineering for Fortune 1000 clients.
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Delivers technology consulting, cloud and product engineering, and applied AI and data work for large enterprises through four service practices, marketed as an enterprise AI transformation partner. Retail remains the historical core industry, while technology, media, telecom and finance now account for a growing share of client work.
Delivers technology consulting, cloud and product engineering, and applied AI and data work for Fortune 1000 clients, organized into four practices: platform engineering, data and AI, digital commerce engagement, and supply-chain and manufacturing technology.
Client work spans six industries. Retail was the founding vertical and remains sizable, while technology, media and telecom and finance have grown into larger shares alongside smaller manufacturing and healthcare practices.
Delivery follows a Follow-the-Sun model: client leadership sits in the United States while engineering centers across Central and Eastern Europe, Latin America and India handle most of the technical work.
Founded as a Silicon Valley engineering shop in 2006, the business spent over a decade under a Hong Kong-listed IT services parent before reaching Nasdaq in 2020 through a SPAC merger; that parent's Chinese controlling shareholder still holds close to a fifth of the shares.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 31, 2026 | Needham | Reiterate | Rating: —Target: $8 | Target: $10 |
| May 29, 2026 | Jefferies | Downgrade | Target: — | Target: $8 |
| May 1, 2026 | Needham | Reiterate | Rating: —Target: $20 | Target: $8 |
| Mar 9, 2026 | Northland Securities | Target | Target: — | Target: $12 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $298.4M · Total debt $16.7M · Total assets $600.4M · Shareholders' equity $519.9M
- Revenue
- $108.2M
- Operating income
- $1.3M
- Net income
- $2.9M
No dividends on record.
| Institutions | ≈ 77.12% | 62.56M shares | |
|---|---|---|---|
| 207 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 6.66% | 5.41M shares | |
| 11 holders · as of Sep 3, 2026 | |||
| Other | ≈ 16.22% | 13.16M shares | |
| remainder | |||
81.13M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.23% | 6.68M | as of Jun 30, 2026 |
Alyeska Investment Group, L.P.Institution | 7.48% | 6.07M | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 4.58% | 3.71M | as of Jun 30, 2026 |
Leonard LivschitzInsiderdirector, officer: CHIEF EXECUTIVE OFFICER | 4.15% | 3.37M | filed Aug 24, 2026 |
Bamco Inc /NY/Institution | 3.70% | 3.00M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Yury Gryzlov | officer: CHIEF OPERATING OFFICER | −3,918 | $8.00 |
| Aug 18, 2026 | Yury Gryzlov | officer: CHIEF OPERATING OFFICER | −467 | $7.53 |
| Aug 13, 2026 | Yury Gryzlov | officer: CHIEF OPERATING OFFICER | −3,930 | $8.00 |
| Jul 2, 2026 | Yury Gryzlov | officer: CHIEF OPERATING OFFICER | −1,245 | $6.29 |
| Jun 1, 2026 | Yury Gryzlov | officer: CHIEF OPERATING OFFICER | −4,435 | $8.00 |
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- Endava (ADR)
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- CI&T
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- Accenture
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- Cognizant Technology Solutions
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- Infosys (ADR)
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- Wipro (ADR)
~25x larger India-based IT giant with low-cost offshore delivery scale
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Grid Dynamics | $7.78 | −0.13% | $624.7M | 283.1 | 16.7 | 1.5 | +7.0% |
| EPAM Systems | $111.35 | −0.20% | $5.91B | 15.3 | 8.2 | 1.1 | +4.5% |
| Globant | $35.01 | −0.06% | $1.55B | 14.1 | 5.9 | 0.6 | +0.0% |
| Endava (ADR) | $2.15 | +0.94% | $149.5M | — | 2.8 | 0.2 | −6.2% |
| CI&T | $3.13 | +1.46% | $407.8M | 11.3 | 1.9 | 0.8 | +21.9% |
| Accenture | $183.80 | +0.04% | $113.89B | 14.9 | 12.8 | 1.6 | +5.6% |
| Cognizant Technology Solutions | $58.69 | 0.00% | $26.75B | 12.8 | 9.7 | 1.2 | +4.5% |
| Infosys (ADR) | $10.80 | +0.28% | $44.19B | 13.4 | 13.2 | 2.2 | +1.0% |
| Wipro (ADR) | $1.71 | +1.78% | $16.52B | 12.6 | 16.1 | 1.7 | −1.0% |
| Median | 13.4 | 9.0 | 1.1 | +2.8% |