Grid Dynamics (GDYN)
Market Price (5/3/2026): $5.51 | Market Cap: $466.6 MilSector: Information Technology | Industry: IT Consulting & Other Services
Grid Dynamics (GDYN)
Market Price (5/3/2026): $5.51Market Cap: $466.6 MilSector: Information TechnologyIndustry: IT Consulting & Other Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -63% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36% Megatrend and thematic driversMegatrends include Cloud Computing, Artificial Intelligence, and E-commerce & Digital Retail. Themes include Hybrid Cloud Solutions, Show more. | Weak multi-year price returns2Y Excs Rtn is -83%, 3Y Excs Rtn is -126% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.8% Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 93x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.2% Key risksGDYN key risks include [1] a high concentration of revenue from a small number of key clients and [2] significant profit margin compression resulting from intense competition. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -63% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Artificial Intelligence, and E-commerce & Digital Retail. Themes include Hybrid Cloud Solutions, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -83%, 3Y Excs Rtn is -126% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.8% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 93x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.2% |
| Key risksGDYN key risks include [1] a high concentration of revenue from a small number of key clients and [2] significant profit margin compression resulting from intense competition. |
Qualitative Assessment
AI Analysis | Feedback
1. Shift to GAAP Net Loss and Margin Compression. Grid Dynamics reported a GAAP net loss of $1.5 million ($-0.02 per share) in Q1 2026, a significant decline from a net income of $2.9 million ($0.03 per share) in Q1 2025. This followed a substantial drop in GAAP net income in Q4 2025 to $0.3 million ($0.00 per share) from $4.5 million ($0.05 per share) year-over-year. Concurrently, non-GAAP gross margins decreased from 37.5% in Q4 2024 to 34.5% in Q4 2025 and from 37.4% to 35.3% in Q1 2026, indicating persistent profitability pressures.
2. Subdued Revenue Growth and Conservative Guidance. The company experienced a modest 3.7% year-over-year revenue growth in Q1 2026, reaching $104.1 million. Following its Q4 2025 earnings, Grid Dynamics provided Q1 2026 revenue guidance of $103.0-$104.0 million, which implied a sequential decline. While actual Q1 2026 revenue slightly surpassed this guidance, the Q2 2026 EBITDA guidance was below analyst estimates, and maintaining full-year 2026 revenue guidance ($435 million to $465 million) suggests a need for accelerated performance in the latter half of the year, potentially signaling caution to investors.
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Stock Movement Drivers
Fundamental Drivers
The -29.7% change in GDYN stock from 1/31/2026 to 5/2/2026 was primarily driven by a -62.8% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5022026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.27 | 5.81 | -29.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 406 | 416 | 2.4% |
| Net Income Margin (%) | 3.4% | 1.3% | -62.8% |
| P/E Multiple | 50.4 | 93.1 | 84.6% |
| Shares Outstanding (Mil) | 85 | 85 | 0.0% |
| Cumulative Contribution | -29.7% |
Market Drivers
1/31/2026 to 5/2/2026| Return | Correlation | |
|---|---|---|
| GDYN | -29.7% | |
| Market (SPY) | 3.6% | 24.9% |
| Sector (XLK) | 12.6% | 29.4% |
Fundamental Drivers
The -37.8% change in GDYN stock from 10/31/2025 to 5/2/2026 was primarily driven by a -62.8% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5022026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.34 | 5.81 | -37.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 406 | 416 | 2.4% |
| Net Income Margin (%) | 3.4% | 1.3% | -62.8% |
| P/E Multiple | 57.0 | 93.1 | 63.5% |
| Shares Outstanding (Mil) | 85 | 85 | 0.0% |
| Cumulative Contribution | -37.8% |
Market Drivers
10/31/2025 to 5/2/2026| Return | Correlation | |
|---|---|---|
| GDYN | -37.8% | |
| Market (SPY) | 5.5% | 27.3% |
| Sector (XLK) | 8.0% | 24.0% |
Fundamental Drivers
The -59.0% change in GDYN stock from 4/30/2025 to 5/2/2026 was primarily driven by a -66.9% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5022026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.16 | 5.81 | -59.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 351 | 416 | 18.5% |
| Net Income Margin (%) | 1.2% | 1.3% | 10.3% |
| P/E Multiple | 281.7 | 93.1 | -66.9% |
| Shares Outstanding (Mil) | 80 | 85 | -5.0% |
| Cumulative Contribution | -59.0% |
Market Drivers
4/30/2025 to 5/2/2026| Return | Correlation | |
|---|---|---|
| GDYN | -59.0% | |
| Market (SPY) | 30.4% | 35.1% |
| Sector (XLK) | 55.1% | 29.6% |
Fundamental Drivers
The -46.6% change in GDYN stock from 4/30/2023 to 5/2/2026 was primarily driven by a -54.4% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5022026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.87 | 5.81 | -46.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 310 | 416 | 33.8% |
| P/S Multiple | 2.6 | 1.2 | -54.4% |
| Shares Outstanding (Mil) | 74 | 85 | -12.5% |
| Cumulative Contribution | -46.6% |
Market Drivers
4/30/2023 to 5/2/2026| Return | Correlation | |
|---|---|---|
| GDYN | -46.6% | |
| Market (SPY) | 78.7% | 35.6% |
| Sector (XLK) | 119.1% | 28.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GDYN Return | 201% | -70% | 19% | 67% | -59% | -37% | -55% |
| Peers Return | 50% | -42% | 25% | -6% | -24% | -37% | -51% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 92% |
Monthly Win Rates [3] | |||||||
| GDYN Win Rate | 67% | 33% | 50% | 67% | 25% | 0% | |
| Peers Win Rate | 65% | 38% | 52% | 48% | 44% | 12% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GDYN Max Drawdown | -3% | -76% | -28% | -32% | -66% | -42% | |
| Peers Max Drawdown | -11% | -51% | -16% | -28% | -40% | -38% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EPAM, GLOB, CTSH, ACN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/1/2026 (YTD)
How Low Can It Go
| Event | GDYN | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -37.9% | -6.7% |
| % Gain to Breakeven | 60.9% | 7.1% |
| Time to Breakeven | 147 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -56.2% | -33.7% |
| % Gain to Breakeven | 128.2% | 50.9% |
| Time to Breakeven | 288 days | 140 days |
In The Past
Grid Dynamics's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
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| Event | GDYN | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -37.9% | -6.7% |
| % Gain to Breakeven | 60.9% | 7.1% |
| Time to Breakeven | 147 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -56.2% | -33.7% |
| % Gain to Breakeven | 128.2% | 50.9% |
| Time to Breakeven | 288 days | 140 days |
In The Past
Grid Dynamics's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Grid Dynamics (GDYN)
AI Analysis | Feedback
Analogy 1: Accenture for highly specialized digital engineering.
Analogy 2: A boutique version of Cognizant or Infosys, focused on next-gen digital platforms.
AI Analysis | Feedback
- Digital Transformation Consulting: Providing strategic guidance and technical expertise to clients on their digital transformation journeys.
- Digital Platform Engineering & Development: Designing, building, and delivering new enterprise-scale digital platforms and custom software solutions.
- Software Quality Assurance: Conducting comprehensive testing to ensure the reliability, performance, and functionality of digital systems.
- Internet Service Operations: Managing and optimizing the ongoing operations of internet-based services and digital infrastructure.
- Enterprise Search Solutions: Developing and integrating advanced search capabilities to enhance data discoverability and accessibility within organizations.
- Data & Analytics Solutions: Implementing and managing data platforms and analytics services to help clients gain actionable insights.
- Release Automation Services: Automating and optimizing the software release and deployment processes for increased efficiency and speed.
AI Analysis | Feedback
Grid Dynamics (symbol: GDYN) primarily sells its enterprise-level digital transformation services to other companies, specifically Fortune 1000 corporations.
The company does not publicly disclose the specific names of its major customers. According to its SEC filings, no single customer accounted for more than 10% of its revenue in recent fiscal years, indicating a diversified client base across multiple large enterprises.
However, Grid Dynamics publicly states that its clients operate in the following sectors:
- Retail
- Technology and Telecommunications
- Media
- Consumer Packaged Goods/Manufacturing
- Financial Services
- Other sectors
AI Analysis | Feedback
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Leonard Livschitz, CEO and Director
Leonard Livschitz has served as the Chief Executive Officer of Grid Dynamics since 2014 and as a member of its Board of Directors since 2006. He is a seasoned leader with over 30 years of experience in the high-tech industry. Before becoming CEO of Grid Dynamics, he co-founded Luxera, an LED smart system company, where he served as President and CEO from 2010 to 2014. His career also includes executive and management roles across sales, engineering, R&D, and manufacturing at companies such as Ford Motor Company, HP, and Philips.
Anil Doradla, CFO
Anil Doradla joined Grid Dynamics as Chief Financial Officer in November 2019, bringing over 20 years of diverse experience in finance, Wall Street, and technology. Most recently, he served as Chief Financial Officer of Airgain, Inc. (NASDAQ: AIRG), a provider of advanced antenna technologies. Prior to Airgain, Mr. Doradla worked on Wall Street as an equity research analyst at William Blair, covering a broad range of the technology sector. He also held senior finance, strategy, and technology roles with Caris and Company, Deutsche Bank AG, AT&T Labs, and LCC International.
Victoria Livschitz, Founder and EVP of Customer Success
Victoria Livschitz founded Grid Dynamics in August 2006 and served as its CEO until June 2013. She later returned to the company and served as Chairman and CTO, and then as CTO from April 2017 to August 2021. As an entrepreneur, she was also part of the original research team that built and commercialized the first public cloud system (SunGrid) while at Sun Microsystems. She began her career as a software engineer and architect at Ford. The company she founded, Grid Dynamics, went public in 2020. She also founded Tonomi and RightOnTrek, a company focused on hiking and outdoor gear.
Yury Gryzlov, COO & Head of Europe
Yury Gryzlov serves as the Chief Operating Officer and Chief Executive Officer of Grid Dynamics Europe.
Rahul Bindlish, Senior Vice President & Global Head of Partnerships and Marketing
Rahul Bindlish possesses over 30 years of experience in IT services and consulting. He specializes in assisting Tier-1 enterprises with their AI and digital initiatives to enhance business performance and foster industry-leading growth. Mr. Bindlish holds a Master's degree in Business and Management from the Asian Institute of Management.
AI Analysis | Feedback
The key risks to Grid Dynamics' (GDYN) business include significant client concentration, intense competition within the digital engineering services sector coupled with the rapid evolution of AI technologies, and challenges in securing and retaining specialized talent.
The most significant risk is client concentration. Grid Dynamics relies heavily on a limited number of clients, with its top 10 clients accounting for 57.7% of its 2025 revenue. Furthermore, one single customer represented 15.4% of the company's revenue in the same year. This high degree of dependence means that the loss of a major client could substantially impact the company's financial performance.
Another key risk stems from the intensely competitive digital engineering and IT consulting market and the rapid pace of technological change, particularly in AI. Grid Dynamics operates in a fragmented sector, competing with both large global consultancies and specialized digital firms. The fast evolution of AI and cloud-native technologies necessitates continuous innovation. There is also a risk that AI automation tools could reduce the demand for traditional engineering work, directly impacting Grid Dynamics' service offerings.
Finally, talent scarcity and challenges in headcount management pose a substantial risk. As a services company, Grid Dynamics relies on highly skilled professionals, particularly in areas like AI and platform engineering, where talent remains scarce. Difficulty in attracting and retaining this specialized talent can hinder the company's ability to deliver projects and grow its business.
AI Analysis | Feedback
The rapid advancement and adoption of Generative AI, particularly in areas like code generation, automated software development, and intelligent consulting tools, poses a clear emerging threat. As these AI capabilities mature, they have the potential to automate or significantly streamline many of the "software design, development, testing," "release automation," and "technical consulting" services that Grid Dynamics currently provides through human expertise. This could reduce the demand for traditional human-led digital transformation services, impacting Grid Dynamics' business model and revenue streams.
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Grid Dynamics Holdings, Inc. operates within several large and growing addressable markets for its digital transformation services.
Addressable Markets for Grid Dynamics' Main Products and Services (Global)
- Digital Transformation Services: The global digital transformation market was estimated at USD 1,070.43 billion in 2024 and is projected to reach USD 4,617.78 billion by 2030, growing at a CAGR of 28.5% from 2025 to 2030. Another estimate indicates the global digital transformation market size was valued at USD 938.6 billion in 2025 and is projected to reach USD 3,661.4 billion by 2034, exhibiting a CAGR of 15.51% from 2026-2034.
- Enterprise Search Services: The global enterprise search market size was valued at USD 6.7 billion in 2025 and is estimated to reach USD 14.5 billion by 2034, exhibiting a CAGR of 8.77% from 2026-2034.
- Analytics Services (Analytics as a Service - AaaS): The global analytics as a service (AaaS) market size was valued at USD 33.7 billion in 2025 and is estimated to reach USD 169.8 billion by 2034, exhibiting a CAGR of 19.07% from 2026-2034.
- Release Automation Services (DevOps Market): The global DevOps market size was valued at USD 15.8 billion in 2025 and is projected to reach USD 82.4 billion by 2034, growing at a CAGR of 20.15% from 2026-2034. Furthermore, the global Application Release Automation market size was valued at USD 4,560.1 million in 2023 and is projected to grow to USD 18,562.4 million by 2031, exhibiting a CAGR of 19.37%.
- AI Consulting Market: The AI consulting market is projected to grow from approximately USD 29 billion in 2023 to USD 85 billion by 2028, representing a five-year compound annual growth rate of 24%.
AI Analysis | Feedback
Grid Dynamics (GDYN) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Accelerated Adoption of AI and AI-driven Solutions: Grid Dynamics is heavily investing in and focusing on artificial intelligence (AI) initiatives, with AI revenue representing 25% of its overall revenue in Q4 2025, and exceeding $90 million for the full year 2025, marking a 30% year-over-year growth. The company plans to scale its proprietary AI implementation approach, the GAIN framework, across all client engagements, capitalizing on a rapidly expanding AI consulting market.
- Expansion of Platform-Based Offerings and Recurring Revenue: The company is strategically focused on developing and expanding platform-based offerings, such as MXP and XTDB, to increase recurring revenue and enhance customer retention. This strategy aims to deepen engagement with existing clients and provide a more stable revenue stream.
- Deepening Strategic Partnerships with Hyperscalers and Industry Leaders: Grid Dynamics has forged and is expanding significant partnerships, including a strategic collaboration with AWS and an expanded partnership with NVIDIA for solutions like digital twins and Omniverse. These alliances with hyperscalers and key industry players are anticipated to be crucial catalysts for future growth.
- Growth in Key Industry Verticals: The company is making strategic investments and observing strong performance in specific industry verticals. The Technology, Media and Telecom (TMT) vertical was a significant growth driver in 2025, with revenues increasing 27.5% year-over-year. Additionally, the Finance vertical, driven by demand from fintech and banking customers, performed strongly, alongside continued focus on the Retail and Manufacturing sectors.
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Share Repurchases
- Grid Dynamics repurchased $2.0 million of its common stock during the fourth quarter of 2025.
- As of December 31, 2025, the company had $48.0 million remaining under its share repurchase authorization.
- Share buybacks have been opportunistic and conservative, considering IT services multiples and macro volatility.
Share Issuance
- The number of issued and outstanding shares increased by approximately 1.23 million in 2025, from 83,608,819 as of December 31, 2024, to 84,842,637 as of December 31, 2025.
- The basic share count for the first quarter of 2026 is expected to be in the range of 85.0-86.0 million.
Outbound Investments
- Mergers and acquisitions (M&A) continue to be a priority in the company's capital allocation strategy.
- In 2024, Grid Dynamics executed on its acquisition strategy by integrating U.K.-based JUXT and Argentina-based Mobile Computing.
- Capital allocation has emphasized M&A flexibility for AI-driven "tuck-ins" and talent investments to strategically enhance capabilities, geographic presence, and industry verticals.
Latest Trefis Analyses
Trade Ideas
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| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 52.43 |
| Mkt Cap | 6.2 |
| Rev LTM | 5,457 |
| Op Inc LTM | 520 |
| FCF LTM | 613 |
| FCF 3Y Avg | 558 |
| CFO LTM | 655 |
| CFO 3Y Avg | 592 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.3% |
| Rev Chg 3Y Avg | 4.5% |
| Rev Chg Q | 5.8% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | -0.5% |
| Op Inc Chg 3Y Avg | 4.8% |
| Op Mgn LTM | 9.5% |
| Op Mgn 3Y Avg | 10.8% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 12.3% |
| CFO/Rev 3Y Avg | 11.9% |
| FCF/Rev LTM | 11.2% |
| FCF/Rev 3Y Avg | 9.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.2 |
| P/S | 1.2 |
| P/Op Inc | 7.7 |
| P/EBIT | 10.1 |
| P/E | 16.3 |
| P/CFO | 9.1 |
| Total Yield | 6.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.2% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -15.1% |
| 3M Rtn | -35.8% |
| 6M Rtn | -31.3% |
| 12M Rtn | -39.6% |
| 3Y Rtn | -48.9% |
| 1M Excs Rtn | -22.7% |
| 3M Excs Rtn | -40.0% |
| 6M Excs Rtn | -33.2% |
| 12M Excs Rtn | -68.1% |
| 3Y Excs Rtn | -126.1% |
Price Behavior
| Market Price | $5.81 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 10/30/2018 | |
| Distance from 52W High | -61.9% | |
| 50 Days | 200 Days | |
| DMA Price | $6.04 | $7.86 |
| DMA Trend | down | down |
| Distance from DMA | -3.9% | -26.1% |
| 3M | 1YR | |
| Volatility | 57.7% | 55.3% |
| Downside Capture | 1.51 | 1.41 |
| Upside Capture | 55.27 | 86.00 |
| Correlation (SPY) | 24.1% | 34.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.30 | 0.61 | 0.94 | 1.17 | 1.55 | 1.20 |
| Up Beta | -0.25 | -0.34 | -0.24 | -0.22 | 0.88 | 1.00 |
| Down Beta | -2.29 | 0.83 | 0.88 | 1.23 | 2.19 | 1.42 |
| Up Capture | 41% | 28% | 52% | 112% | 66% | 88% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 11 | 21 | 30 | 56 | 111 | 371 |
| Down Capture | 548% | 168% | 216% | 181% | 176% | 109% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 11 | 22 | 34 | 69 | 139 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GDYN | |
|---|---|---|---|---|
| GDYN | -60.3% | 55.2% | -1.48 | - |
| Sector ETF (XLK) | 55.3% | 20.5% | 2.04 | 30.0% |
| Equity (SPY) | 30.6% | 12.5% | 1.88 | 35.7% |
| Gold (GLD) | 39.5% | 27.2% | 1.20 | -18.0% |
| Commodities (DBC) | 51.5% | 17.9% | 2.20 | -4.9% |
| Real Estate (VNQ) | 13.1% | 13.5% | 0.67 | 15.8% |
| Bitcoin (BTCUSD) | -17.1% | 42.2% | -0.33 | 22.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GDYN | |
|---|---|---|---|---|
| GDYN | -17.1% | 62.4% | -0.05 | - |
| Sector ETF (XLK) | 18.6% | 24.8% | 0.67 | 38.2% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 40.9% |
| Gold (GLD) | 20.5% | 17.9% | 0.94 | -2.5% |
| Commodities (DBC) | 14.3% | 19.1% | 0.61 | 0.7% |
| Real Estate (VNQ) | 3.5% | 18.8% | 0.09 | 33.2% |
| Bitcoin (BTCUSD) | 7.7% | 56.2% | 0.35 | 18.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GDYN | |
|---|---|---|---|---|
| GDYN | -5.1% | 56.3% | 0.10 | - |
| Sector ETF (XLK) | 23.6% | 24.4% | 0.88 | 36.4% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 38.8% |
| Gold (GLD) | 13.6% | 15.9% | 0.71 | 1.2% |
| Commodities (DBC) | 9.7% | 17.7% | 0.46 | 7.7% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 34.3% |
| Bitcoin (BTCUSD) | 67.7% | 66.9% | 1.07 | 17.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/5/2026 | -7.1% | -9.9% | -20.4% |
| 10/30/2025 | 22.9% | 15.0% | 15.0% |
| 7/31/2025 | -16.4% | -15.5% | -12.6% |
| 5/1/2025 | -3.1% | 0.6% | -14.8% |
| 2/20/2025 | 4.3% | -6.7% | -20.6% |
| 10/31/2024 | -4.3% | 11.0% | 16.7% |
| 8/1/2024 | 13.0% | 8.5% | 13.6% |
| 5/2/2024 | 2.3% | 6.9% | -5.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 14 | 11 |
| # Negative | 10 | 8 | 11 |
| Median Positive | 8.2% | 6.5% | 16.7% |
| Median Negative | -5.4% | -7.8% | -11.6% |
| Max Positive | 26.7% | 27.0% | 40.6% |
| Max Negative | -20.0% | -26.6% | -22.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 03/05/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 3/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 103.00 Mil | 103.50 Mil | 104.00 Mil | -2.4% | Lower New | Guidance: 106.00 Mil for Q4 2025 | |
| Q1 2026 Non-GAAP EBITDA | 12.00 Mil | 12.50 Mil | 13.00 Mil | -7.4% | Lower New | Guidance: 13.50 Mil for Q4 2025 | |
| 2026 Revenue | 435.00 Mil | 450.00 Mil | 465.00 Mil | 9.3% | Higher New | Actual: 411.70 Mil for 2025 | |
| 2026 Revenue Growth | 9.3% | -46.6% | -8.1% | Lower New | Actual: 17.4% for 2025 | ||
Prior: Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 105.00 Mil | 106.00 Mil | 107.00 Mil | ||||
| Q4 2025 Non-GAAP EBITDA | 13.00 Mil | 13.50 Mil | 14.00 Mil | ||||
| 2025 Revenue | 410.70 Mil | 411.70 Mil | 412.70 Mil | -3.1% | Lowered | Guidance: 425.00 Mil for 2025 | |
| 2025 Revenue Growth | 17.1% | 17.4% | 17.7% | -18.1% | -3.8% | Lowered | Guidance: 21.25% for 2025 |
| 2026 Operating Margin Improvement | 3.0% | ||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 4022026 | 5.54 | 1,245 | 6,897 | 2,883,470 | Form |
| 2 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 3122026 | 6.22 | 21,266 | 132,275 | 3,255,629 | Form |
| 3 | Livschitz, Leonard | CHIEF EXECUTIVE OFFICER | Direct | Sell | 1212026 | 9.00 | 10,000 | 90,000 | 28,119,087 | Form |
| 4 | Livschitz, Leonard | CHIEF EXECUTIVE OFFICER | Direct | Sell | 12292025 | 9.33 | 10,000 | 93,300 | 26,323,457 | Form |
| 5 | Zhang, Shuo | Direct | Sell | 12172025 | 9.75 | 3,000 | 29,250 | 902,021 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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