GRID DYNAMICS HOLDINGS, INC. (GDYN) Form 10-Q — Jul 30, 2026
Grid Dynamics reported second quarter 2026 revenue of $108.2 million, a 7.0% increase year-over-year, driven primarily by demand in its Technology, Media and Telecom vertical. Gross margin expanded 250 basis points to 36.6%, leading to positive operating income of $1.3 million compared to a loss in the prior-year quarter. Despite the top-line growth, net income for the six months ended June 30, 2026, decreased 83.2% to $1.4 million. This decline was primarily due to a significant increase in the effective tax rate to 65.7% and a reduction in gains from the remeasurement of acquisition-related contingent consideration liabilities compared to the prior year.
Key figures
- Eps
- 0.02
- Revenue
- 212264000
- Net Income
- 1379000
- Cash Position
- 298429000
- Deal Value Usd
- 18400000
- Revenue Growth
- 5.3%
- Shares Repurchased
- 2606000
Price after filing
Close on the filing date to close N calendar days later (from $6.14). Historical, not a forecast.
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