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Grid Dynamics Holdings, Inc. (GDYN) Financials

GDYN
Trailing 12 months to June 30, 2026
Revenue $422.6M +8.6% YoY
Net Income $2.9M -83.2% YoY
EPS (Diluted) $0.02 -90.0% YoY
Free Cash Flow $16.0M -39.8% YoY
Market Cap $650.6M as of Oct 3, 2026
Price / Sales 1.5x on $422.6M revenue, trailing 12 months to June 30, 2026
Price / Earnings 227x on $2.9M net income, trailing 12 months to June 30, 2026
Price / Book 1.3x on $519.9M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GDYN SEC filings page.

Grid Dynamics Holdings, Inc. (GDYN) reported $422.6M in revenue over the twelve months to Jun 30, 2026, up 8.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GDYN FY2025

Revenue growth is reaching cash flow while operating margins remain negative and the balance sheet stays lightly leveraged.

The unusual earnings-quality signal is that FY2025 operating cash flow was 4.2x net income, so reported profit understates cash produced by the period’s accounting result. Free cash flow of $25.3M after capital expenditure of $15.3M shows reinvestment consumed a meaningful portion of cash without erasing it.

From FY2023 to FY2025, revenue expanded while gross margin compressed from 36.2% to 34.6%, indicating growth came with less gross profit per dollar rather than a margin-led mix improvement. At the same time, operating margin improved from -1.8% to -0.5%, suggesting overhead absorption below gross profit is doing more work than gross-margin expansion.

The capital structure is unusually equity-heavy: liabilities were $70.8M against $612.9M of assets in FY2025, so expansion has not been funded mainly by liabilities. Asset productivity remains modest: assets grew faster than revenue from FY2023 to FY2025, while ROA was only 1.6%, indicating the larger asset base has yet to translate proportionally into earnings.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 61 / 100
Financial Health Score 61/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Grid Dynamics Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
32

Grid Dynamics Holdings, Inc. has an operating margin of -0.5%, meaning the company loses less than $1 on every $100 of revenue. This results in a profitability score of 32/100. This is up from -0.6% the prior year.

Growth
75

Grid Dynamics Holdings, Inc.'s revenue surged 17.5% year-over-year to $411.8M, reflecting rapid business expansion. This strong growth earns a score of 75/100.

Leverage
79

Grid Dynamics Holdings, Inc. carries a low D/E ratio of 0.13, meaning only $0.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
97

With a current ratio of 8.43, Grid Dynamics Holdings, Inc. holds $8.43 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.

Cash Flow
53

Grid Dynamics Holdings, Inc. has a free cash flow margin of 6.1%, earning a moderate score of 53/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
30

Grid Dynamics Holdings, Inc.'s ROE of 1.8% shows moderate profitability relative to equity, earning a score of 30/100. This is up from 0.8% the prior year.

Altman Z-Score Safe
6.93

Grid Dynamics Holdings, Inc. scores 6.93, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($650.6M) relative to total liabilities ($70.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
6/8

Grid Dynamics Holdings, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
4.20x

For every $1 of reported earnings, Grid Dynamics Holdings, Inc. generates $4.20 in operating cash flow ($40.6M OCF vs $9.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$108.2M
YoY+7.0%
QoQ+3.9%
5Y CAGR+17.8%

Grid Dynamics Holdings, Inc. generated $108.2M in revenue in Q2 2026. This represents an increase of 7.0% from the same quarter a year earlier. Against the prior quarter it is up 3.9%.

EBITDA
$6.5M
YoY+37.0%
QoQ+330.0%

Grid Dynamics Holdings, Inc.'s EBITDA was $6.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.0% from the same quarter a year earlier. Against the prior quarter it is up 330.0%.

Net Income
$2.9M
YoY-45.9%
QoQ+293.6%

Grid Dynamics Holdings, Inc. reported $2.9M in net income in Q2 2026. This represents a decrease of 45.9% from the same quarter a year earlier. Against the prior quarter it is up 293.6%.

EPS (Diluted)
$0.03
YoY-50.0%
QoQ+250.0%

Grid Dynamics Holdings, Inc. earned $0.03 per diluted share (EPS) in Q2 2026. This represents a decrease of 50.0% from the same quarter a year earlier. Against the prior quarter it is up 250.0%.

Cash & Balance Sheet

Free Cash Flow
$2.5M
YoY-75.3%
QoQ-43.0%
5Y CAGR+0.1%

Grid Dynamics Holdings, Inc. generated $2.5M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 75.3% from the same quarter a year earlier. Against the prior quarter it is down 43.0%.

Cash & Debt
$298.4M
YoY-11.4%
QoQ-8.9%
5Y CAGR+34.4%

Grid Dynamics Holdings, Inc. held $298.4M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
81M
YoY-4.2%
QoQ-3.0%
5Y CAGR+5.5%

Grid Dynamics Holdings, Inc. had 81M shares outstanding in Q2 2026. This represents a decrease of 4.2% from the same quarter a year earlier. Against the prior quarter it is down 3.0%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
36.6%
YoY+2.5pp
QoQ+1.8pp
5Y change-4.9pp

Grid Dynamics Holdings, Inc.'s gross margin was 36.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.

Operating Margin
1.2%
YoY+1.3pp
QoQ+4.7pp
5Y change-1.7pp

Grid Dynamics Holdings, Inc.'s operating margin was 1.2% in Q2 2026, reflecting core business profitability. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.7 percentage points.

Net Margin
2.6%
YoY-2.6pp
QoQ+4.0pp
5Y change+5.8pp

Grid Dynamics Holdings, Inc.'s net profit margin was 2.6% in Q2 2026, showing the share of revenue converted to profit. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.0 percentage points.

Return on Equity
0.5%
YoY-0.4pp
QoQ+0.8pp
5Y change+1.6pp

Grid Dynamics Holdings, Inc.'s ROE was 0.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Capital Allocation

R&D Spending
$6.4M
YoY-4.8%
QoQ+5.7%
5Y CAGR+29.4%

Grid Dynamics Holdings, Inc. invested $6.4M in research and development in Q2 2026. This represents a decrease of 4.8% from the same quarter a year earlier. Against the prior quarter it is up 5.7%.

Share Buybacks
$17.3M
QoQ+50.8%

Grid Dynamics Holdings, Inc. spent $17.3M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 50.8%.

Capital Expenditures
$3.6M
YoY-14.2%
QoQ-9.6%
5Y CAGR+26.9%

Grid Dynamics Holdings, Inc. invested $3.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 14.2% from the same quarter a year earlier. Against the prior quarter it is down 9.6%.

GDYN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GDYN quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$108.2M+7.0%$104.1M+3.7%$106.2M+5.9%$104.2M+19.1%$101.1M+21.7%$100.4M+25.8%$100.3M+28.5%$87.4M+12.9%
Cost of Revenue$68.5M+2.9%$67.9M+7.0%$70.0M+10.7%$69.5M+27.0%$66.6M+24.5%$63.4M+21.6%$63.2M+26.6%$54.7M+11.0%
Gross Profit$39.6M+14.8%$36.2M-2.1%$36.1M-2.5%$34.7M+6.1%$34.5M+16.7%$37.0M+33.7%$37.0M+31.8%$32.7M+16.3%
R&D Expenses$6.4M-4.8%$6.1M-6.3%$4.7M-13.4%$5.8M+29.5%$6.7M+63.4%$6.5M+48.4%$5.4M+39.8%$4.4M+30.7%
SG&A Expenses$24.8M+19.4%$26.1M+7.6%$23.6M+2.1%$21.9M+13.1%$20.8M+14.7%$24.3M+12.8%$23.2M+22.6%$19.3M+4.6%
Operating Income$1.3M+1137.4%-$3.7M-80.7%$506K-59.9%-$241K-111.3%-$123K-407.5%-$2.0M+63.2%$1.3M+218.4%$2.1M+1393.7%
EBITDA$6.5M+37.0%$1.5M-43.3%$5.6M-5.5%$4.8M-14.2%$4.8M+45.6%$2.7M+202.1%$5.9M+268.0%$5.6M+112.1%
Income Tax$1.6M-20.6%$1.0M+333.2%$2.5M+101.6%$1.9M+47.4%$2.0M-42.4%-$443K-147.6%$1.2M+188.8%$1.3M-49.7%
Net Income$2.9M-45.9%-$1.5M-150.6%$306K-93.2%$1.2M-72.5%$5.3M+745.4%$2.9M+173.8%$4.5M+55.9%$4.3M+533.4%
EPS (Basic)$0.03-50.0%-$0.02-166.7%$0.00-100.0%$0.01-83.3%$0.06+700.0%$0.03+160.0%$0.06+50.0%$0.06+500.0%
EPS (Diluted)$0.03-50.0%-$0.02-166.7%$0.00-100.0%$0.01-80.0%$0.06+700.0%$0.03+160.0%$0.06+50.0%$0.05+400.0%
Diluted Shares (Avg)83M-4.0%85M-3.5%N/A86M+8.9%86M+12.8%88M+15.3%N/A79M+1.9%

Not reported in any period shown, so not listed: Interest Expense.

GDYN Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GDYN quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$600.4M-1.4%$605.0M+2.4%$612.9M+3.5%$613.2M+28.5%$608.9M+37.3%$590.9M+35.8%$592.2M+36.1%$477.3M+9.5%
Current Assets$410.3M-5.2%$432.2M+2.5%$439.5M+3.8%$440.7M+36.4%$433.0M+31.1%$421.7M+30.8%$423.3M+30.7%$323.0M-0.9%
Cash & Equivalents$298.4M-11.4%$327.5M+0.6%$342.1M+2.2%$338.6M+46.4%$336.8M+31.5%$325.5M+30.5%$334.7M+30.1%$231.3M-8.8%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$95.6M+22.9%$87.4M+7.0%$79.5M+14.6%$82.9M+28.9%$77.7M+53.4%$81.7M+54.0%$69.4M+29.5%$64.3M+38.1%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$91.7M+7.7%$84.0M-0.1%$84.4M+1.1%$84.7M+14.6%$85.2M+58.1%$84.1M+56.0%$83.4M+54.8%$73.9M+35.2%
Total Liabilities$80.4M+4.9%$74.9M+1.9%$70.8M-4.8%$75.4M-2.0%$76.7M+39.0%$73.5M+40.2%$74.4M+42.3%$77.0M+22.6%
Current Liabilities$56.9M-3.2%$54.9M-5.7%$52.1M-6.2%$57.8M+6.5%$58.7M+26.9%$58.2M+35.0%$55.5M+31.5%$54.2M+3.4%
Non-Current Liabilities$23.6M+31.2%$20.0M+30.6%$18.7M-0.6%$17.7M-22.4%$18.0M+101.8%$15.3M+64.4%$18.8M+87.5%$22.8M+119.9%
Total Equity$519.9M-2.3%$530.1M+2.5%$542.1M+4.7%$537.7M+34.3%$532.2M+37.0%$517.4M+35.1%$517.8M+35.2%$400.2M+7.3%
Retained Earnings-$798K+78.2%-$3.6M+59.1%-$2.2M+81.6%-$2.5M+84.8%-$3.7M+82.3%-$8.9M+55.0%-$11.8M+25.4%-$16.4M+12.9%

Not reported in any period shown, so not listed: Inventory, Long-Term Debt.

GDYN Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GDYN quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$6.1M-57.6%$8.4M-10.3%$9.9M+40.0%$7.0M-24.3%$14.4M+34.7%$9.4M+188.6%$7.1M-6.5%$9.2M-15.9%
Depreciation & Amortization$5.3M+7.5%$5.2M+10.3%$5.1M+9.2%$5.0M+46.3%$4.9M+51.2%$4.7M+61.9%$4.6M+74.1%$3.4M+38.2%
Stock-Based Compensation$4.4M-34.1%$8.5M-21.3%N/A$6.4M-11.0%$6.7M-10.3%$10.7M-5.3%N/A$7.1M-1.8%
Capital Expenditures$3.6M-14.2%$4.0M+18.6%$3.8M+43.8%$4.0M+22.8%$4.2M+57.4%$3.3M+4.4%$2.6M+15.9%$3.3M+78.2%
Free Cash Flow$2.5M-75.3%$4.4M-26.3%$6.1M+37.7%$2.9M-50.3%$10.2M+27.2%$6.0M+13881.4%$4.4M-16.1%$5.9M-34.9%
Investing Cash Flow-$17.6M-343.6%-$4.0M-18.6%-$3.8M+62.0%-$4.0M+88.3%-$4.0M-36.7%-$3.3M+15.2%-$10.0M-295.2%-$34.5M-1773.4%
Financing Cash Flow-$17.6M-1626.7%-$17.6M-11.0%-$2.5M-102.3%-$631K-544.4%-$1.0M-11.6%-$15.8M-126.3%$108.9M+5975.4%$142K+113.9%
Share Buybacks$17.3M$11.5MN/AN/A$0$0N/AN/A

Not reported in any period shown, so not listed: Dividends Paid.

GDYN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GDYN quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin36.6%+2.5pp34.8%-2.0pp34.0%-2.9pp33.3%-4.1pp34.1%-1.5pp36.8%+2.2pp36.9%+0.9pp37.4%+1.1pp
Operating Margin1.2%+1.3pp-3.5%-1.5pp0.5%-0.8pp-0.2%-2.7pp-0.1%-0.2pp-2.0%+4.9pp1.3%+2.6pp2.4%+2.3pp
Net Margin2.6%-2.6pp-1.4%-4.3pp0.3%-4.2pp1.1%-3.8pp5.2%+6.2pp2.9%+7.8pp4.5%+0.8pp4.9%+4.0pp
Return on Equity0.5%-0.4pp-0.3%-0.8pp0.1%-0.8pp0.2%-0.8pp1.0%+1.2pp0.6%+1.6pp0.9%+0.1pp1.1%+0.9pp
Return on Assets0.5%-0.4pp-0.2%-0.7pp0.1%-0.7pp0.2%-0.7pp0.9%+1.0pp0.5%+1.4pp0.8%+0.1pp0.9%+0.7pp
Current Ratio7.22-0.2x7.88+0.6x8.43+0.8x7.63+1.7x7.37+0.2x7.25-0.2x7.62-0.1x5.96-0.3x
Debt-to-Equity0.150.0x0.140.0x0.130.0x0.14-0.1x0.140.0x0.140.0x0.140.0x0.190.0x
Asset Turnover0.180.0x0.170.0x0.170.0x0.170.0x0.170.0x0.170.0x0.170.0x0.180.0x
FCF Margin2.3%-7.8pp4.3%-1.7pp5.8%+1.3pp2.8%-4.0pp10.1%+0.4pp6.0%+5.9pp4.4%-2.3pp6.8%-5.0pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Grid Dynamics Holdings, Inc. GDYN FY2025 $411.8M $9.7M 2.4% $650.6M 61/100
Hackett Group Inc (The). HCKT FY2025 $305.6M $12.9M 4.2% $272.9M 57/100
LZ Technology Holdings Limited LZMH FY2025 $161.4M -$24.8M -15.4% $10.7M 30/100
Mercurity Fintech Holding Inc. MFH FY2025 $1.9M -$5.1M N/A $784.0M 67/100
TSS, Inc. TSSI FY2025 $245.7M $15.1M 6.2% $277.7M 57/100
Magic Software Enterprises Ltd MGIC FY2021 $480.3M $29.3M 6.1% $853.3M —

Frequently Asked Questions

What is Grid Dynamics Holdings, Inc.'s annual revenue?

Grid Dynamics Holdings, Inc. (GDYN) reported $411.8M in total revenue for fiscal year 2025. This represents a 17.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Grid Dynamics Holdings, Inc.'s revenue growing?

Grid Dynamics Holdings, Inc. (GDYN) revenue grew by 17.5% year-over-year, from $350.6M to $411.8M in fiscal year 2025.

Is Grid Dynamics Holdings, Inc. profitable?

Yes, Grid Dynamics Holdings, Inc. (GDYN) reported a net income of $9.7M in fiscal year 2025, with a net profit margin of 2.4%.

Grid Dynamics Holdings, Inc. (GDYN) reported diluted earnings per share of $0.11 for fiscal year 2025. This represents a 120.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Grid Dynamics Holdings, Inc. (GDYN) had EBITDA of $17.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Grid Dynamics Holdings, Inc. (GDYN) had a gross margin of 34.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Grid Dynamics Holdings, Inc. (GDYN) had an operating margin of -0.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Grid Dynamics Holdings, Inc. (GDYN) had a net profit margin of 2.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Grid Dynamics Holdings, Inc. (GDYN) has a return on equity of 1.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Grid Dynamics Holdings, Inc. (GDYN) generated $25.3M in free cash flow during fiscal year 2025. This represents a 37.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Grid Dynamics Holdings, Inc. (GDYN) generated $40.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Grid Dynamics Holdings, Inc. (GDYN) had $612.9M in total assets as of fiscal year 2025, including both current and long-term assets.

Grid Dynamics Holdings, Inc. (GDYN) invested $15.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Grid Dynamics Holdings, Inc. (GDYN) invested $23.7M in research and development during fiscal year 2025.

Yes, Grid Dynamics Holdings, Inc. (GDYN) spent $2.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Grid Dynamics Holdings, Inc. (GDYN) had 85M shares outstanding as of fiscal year 2025.

Grid Dynamics Holdings, Inc. (GDYN) had a current ratio of 8.43 as of fiscal year 2025, which is generally considered healthy.

Grid Dynamics Holdings, Inc. (GDYN) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Grid Dynamics Holdings, Inc. (GDYN) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Grid Dynamics Holdings, Inc. (GDYN) trades at 227x earnings, its market capitalization divided by net income of $2.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $650.6M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Grid Dynamics Holdings, Inc. (GDYN) trades at 1.5x sales, its market capitalization divided by revenue of $422.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $650.6M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Grid Dynamics Holdings, Inc. (GDYN) has an Altman Z-Score of 6.93, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Grid Dynamics Holdings, Inc. (GDYN) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Grid Dynamics Holdings, Inc. (GDYN) has an earnings quality ratio of 4.20x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Grid Dynamics Holdings, Inc. (GDYN) scores 61 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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