GRID DYNAMICS HOLDINGS, INC. (GDYN) Form 10-Q — Oct 29, 2026
Grid Dynamics reported Q3 2026 revenue of $114.3 million, up 9.7% year-over-year, driven primarily by the Technology, Media and Telecom vertical, which grew 29.3% to $37.0 million. Gross margin expanded 700 basis points to 40.3%, and the company swung to $9.1 million in operating income from a small loss a year ago. GAAP net income was $6.2 million ($0.08 diluted EPS) versus $1.2 million ($0.01) in the prior-year quarter. Cash declined to $304.3 million after $35.5 million of buybacks in the first nine months of 2026 and the $18.3 million Ekumen acquisition, with the company carrying no debt on its $30 million revolving credit facility.
Key figures
- Eps
- 0.08
- Revenue
- 114294000
- Net Income
- 6164000
- Revenue Yoy
- 9.7%
- Total Assets
- 602343000
- Cash Position
- 304287000
- Shares Outstanding
- 80370132
- Non gaap eps
- 0.18
- Employees total
- 4559
- Gross margin q3
- 40.3%
- Non gaap ebitda
- 22900000
- Top customer pct
- 17.9%
- Buyback q3 shares
- 875000
- Buyback remaining
- $12.5 million
- Operating income q3
- 9137000
- Effective tax rate q3
- 45.8%
- Gross margin prior year
- 33.3%
AI analysis
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