Grid Dynamics (GDYN)
Market Price (10/1/2026): $8.37 | Market Cap: $688.7 MilSector: Information Technology | Industry: IT Consulting & Other Services
Grid Dynamics (GDYN)
Market Price (10/1/2026): $8.37Market Cap: $688.7 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 -43% 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 -76%, 3Y Excs Rtn is -111% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.4% Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 227x 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 -3.4% 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 -43% |
| 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 -76%, 3Y Excs Rtn is -111% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.4% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 227x |
| 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 -3.4% |
| 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
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Grid Dynamics (GDYN) stock has gained about 40% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Financial Performance and Optimistic Guidance. Grid Dynamics reported robust fiscal Q2 2026 results on July 30, 2026, with revenues of $108.2 million, surpassing analyst estimates and marking a 7% year-over-year increase. The company also provided an encouraging outlook for fiscal Q3 2026, projecting revenues between $112 million and $114 million, exceeding the analyst consensus of $111.80 million. This performance, coupled with a non-GAAP gross profit margin increase to 36.9% from 34.7% in fiscal Q2 2025, demonstrated improved operational efficiency.
2. Accelerating AI-Driven Revenue Growth and Strategic AI Initiatives. A significant driver was the accelerated growth in AI-related revenue, which for the first time, exceeded 30% of total sales in fiscal Q2 2026, growing 54.6% year-over-year. This highlight underscored the company's successful pivot towards AI-native transformation. Further solidifying its AI commitment, Grid Dynamics appointed Nikita Ivanov as Head of AI on August 26, 2026, and continued the rollout of its Enterprise AI-Native Transformation (GAIN) platforms.
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Grid Dynamics (GDYN) stock has gained about 40% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Financial Performance and Optimistic Guidance. Grid Dynamics reported robust fiscal Q2 2026 results on July 30, 2026, with revenues of $108.2 million, surpassing analyst estimates and marking a 7% year-over-year increase. The company also provided an encouraging outlook for fiscal Q3 2026, projecting revenues between $112 million and $114 million, exceeding the analyst consensus of $111.80 million. This performance, coupled with a non-GAAP gross profit margin increase to 36.9% from 34.7% in fiscal Q2 2025, demonstrated improved operational efficiency.
2. Accelerating AI-Driven Revenue Growth and Strategic AI Initiatives. A significant driver was the accelerated growth in AI-related revenue, which for the first time, exceeded 30% of total sales in fiscal Q2 2026, growing 54.6% year-over-year. This highlight underscored the company's successful pivot towards AI-native transformation. Further solidifying its AI commitment, Grid Dynamics appointed Nikita Ivanov as Head of AI on August 26, 2026, and continued the rollout of its Enterprise AI-Native Transformation (GAIN) platforms.
3. Enhanced Analyst Confidence and Increased Price Targets. Analyst sentiment turned increasingly positive during the period, culminating in multiple "Strong Buy" ratings. On September 23, 2026, Zacks Equity Research upgraded Grid Dynamics to a "Strong Buy," noting a 71.8% increase in the Zacks Consensus Estimate for fiscal year 2026 earnings per share over the preceding three months. Additionally, analysts raised their average 12-month price targets, reaching $9.75 by September 2026, representing a 23.73% upside from the stock's closing price of $7.88 on September 30, 2026.
4. Strategic Partnerships and Industry Recognition in Physical AI. Grid Dynamics reinforced its position as a leader in AI transformation through strategic collaborations and industry accolades. On September 23, 2026, the company co-hosted the Physical AI Summit alongside NVIDIA, EAIGG, and BGV, focusing on accelerating manufacturing automation and transitioning Physical AI systems from pilots to production. This event, coupled with receiving the MACH Alliance's 2026 Agent Ready Award for Production-Scale Agentic AI on August 19, 2026, highlighted its growing influence and expertise in advanced AI solutions.
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Stock Movement Drivers
Fundamental Drivers
The 38.7% change in GDYN stock from 6/30/2026 to 9/30/2026 was primarily driven by a 148.8% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 9302026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.68 | 7.88 | 38.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 416 | 423 | 1.7% |
| Net Income Margin (%) | 1.3% | 0.7% | -46.7% |
| P/E Multiple | 91.0 | 226.6 | 148.8% |
| Shares Outstanding (Mil) | 85 | 82 | 2.9% |
| Cumulative Contribution | 38.7% |
Market Drivers
6/30/2026 to 9/30/2026| Return | Correlation | |
|---|---|---|
| GDYN | 38.7% | |
| Market (SPY) | 2.1% | 11.1% |
| Sector (XLK) | 2.7% | 0.7% |
Fundamental Drivers
The 38.2% change in GDYN stock from 3/31/2026 to 9/30/2026 was primarily driven by a 353.4% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 9302026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.70 | 7.88 | 38.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 412 | 423 | 2.6% |
| Net Income Margin (%) | 2.3% | 0.7% | -71.2% |
| P/E Multiple | 50.0 | 226.6 | 353.4% |
| Shares Outstanding (Mil) | 85 | 82 | 3.0% |
| Cumulative Contribution | 38.2% |
Market Drivers
3/31/2026 to 9/30/2026| Return | Correlation | |
|---|---|---|
| GDYN | 38.2% | |
| Market (SPY) | 17.6% | 21.4% |
| Sector (XLK) | 47.5% | 18.4% |
Fundamental Drivers
The 2.2% change in GDYN stock from 9/30/2025 to 9/30/2026 was primarily driven by a 490.3% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 9302026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.71 | 7.88 | 2.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 389 | 423 | 8.6% |
| Net Income Margin (%) | 4.4% | 0.7% | -84.5% |
| P/E Multiple | 38.4 | 226.6 | 490.3% |
| Shares Outstanding (Mil) | 85 | 82 | 2.8% |
| Cumulative Contribution | 2.2% |
Market Drivers
9/30/2025 to 9/30/2026| Return | Correlation | |
|---|---|---|
| GDYN | 2.2% | |
| Market (SPY) | 15.4% | 28.2% |
| Sector (XLK) | 39.4% | 21.6% |
Fundamental Drivers
The -35.3% change in GDYN stock from 9/30/2023 to 9/30/2026 was primarily driven by a -46.5% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 9302026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.18 | 7.88 | -35.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 319 | 423 | 32.4% |
| P/S Multiple | 2.9 | 1.5 | -46.5% |
| Shares Outstanding (Mil) | 75 | 82 | -8.7% |
| Cumulative Contribution | -35.3% |
Market Drivers
9/30/2023 to 9/30/2026| Return | Correlation | |
|---|---|---|
| GDYN | -35.3% | |
| Market (SPY) | 84.5% | 38.4% |
| Sector (XLK) | 143.1% | 30.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GDYN Return | 201% | -70% | 19% | 67% | -59% | -15% | -39% |
| Peers Return | 52% | -40% | 20% | -5% | -8% | -37% | -40% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| GDYN Win Rate | 67% | 33% | 50% | 67% | 25% | 33% | |
| Peers Win Rate | 67% | 39% | 56% | 50% | 50% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| GDYN Max Drawdown | -20% | -77% | -42% | -36% | -69% | -47% | |
| Peers Max Drawdown | -16% | -52% | -27% | -31% | -38% | -59% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EPAM, 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 9/30/2026 (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)
Grid Dynamics (GDYN) is a professional services company focused on guiding large enterprises through digital transformation initiatives. They collaborate with Fortune 1000 corporations globally, helping them modernize their technology and operations to stay competitive in the digital age. Their work encompasses the entire transformation lifecycle, from initial strategic consulting and early-stage prototyping to the full enterprise-scale delivery of complex new digital platforms.
The company provides a comprehensive suite of services, including technical consulting, software design and development, rigorous testing, and internet service operations. Grid Dynamics helps clients implement advanced capabilities such as enhanced search functionalities, sophisticated data analytics, and automated release processes. These services are designed to improve efficiency, innovation, and overall digital maturity for their clients.
Grid Dynamics serves a diverse and international client base of major corporations, with a strong presence in North America and Europe. Their customers operate across various key sectors, including retail, technology and telecommunications, media, consumer packaged goods (CPG)/manufacturing, and financial services, among others.
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Analogy 1: Accenture for highly specialized digital engineering.
Analogy 2: A boutique version of Cognizant or Infosys, focused on next-gen digital platforms.
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- 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.
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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
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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.
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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.
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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%.
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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.
Peer Outperformance in IT Consulting & Other Services
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| GDYN | Grid Dynamics | 10.2% | 226.6x | 2.2% | -35.3% | -73.7% | — |
| ADEA | Adeia | 7.0% | 23.0x | 53.9% | 150.1% | 189.5% | +263pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 63.9% | 180.7% | 305.5% | TTMI 870% · FLEX 722% · SANM 449% |
| Semiconductor Materials & Equipment | 28 | 106.8% | 103.7% | 125.8% | AXTI 835% · AEHR 691% · KLAC 511% |
| Technology Distributors | 9 | 37.8% | 81.3% | 97.4% | CLMB 416% · AVT 199% · SNX 158% |
| Communications Equipment | 36 | 9.1% | 76.4% | 70.3% | AAOI 1281% · LITE 1038% · FEIM 935% |
| Electronic Components | 26 | 41.1% | 72.7% | 67.7% | CLS 3807% · BELFA 1339% · LPTH 386% |
| Technology Hardware, Storage & Peripherals | 20 | 22.4% | 128.6% | 35.6% | STX 1159% · DELL 1011% · SMCI 1000% |
| Semiconductors | 55 | 29.8% | 46.2% | 35.0% | POET 1736% · MU 1436% · NVDA 1006% |
| Internet Services & Infrastructure | 6 | -4.5% | 37.5% | 18.0% | DOCN 65% · VRSN 39% · GDDY 33% |
| Electronic Equipment & Instruments | 26 | -22.0% | 19.5% | -6.7% | PI 220% · KEYS 120% · VPG 106% |
| IT Consulting & Other Services ← | 28 | -23.2% | -10.3% | -19.9% | CHRN 519111% · APLD 1020% · TSSI 785% |
| Application Software | 125 | -30.1% | -18.8% | -47.2% | VIDA 136567% · INLX 5104% · PLTR 669% |
| Systems Software | 70 | -16.6% | 21.3% | -51.9% | QNC 551% · PAYS 418% · ZETA 412% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 87.70 |
| Mkt Cap | 17.2 |
| Rev LTM | 13,629 |
| Op Inc LTM | 2,042 |
| FCF LTM | 1,540 |
| FCF 3Y Avg | 1,322 |
| CFO LTM | 1,728 |
| CFO 3Y Avg | 1,494 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.7% |
| Rev Chg 3Y Avg | 5.1% |
| Rev Chg Q | 5.1% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Inc Chg LTM | 6.3% |
| Op Inc Chg 3Y Avg | 6.3% |
| Op Mgn LTM | 12.9% |
| Op Mgn 3Y Avg | 13.0% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 11.5% |
| CFO/Rev 3Y Avg | 11.1% |
| FCF/Rev LTM | 10.3% |
| FCF/Rev 3Y Avg | 10.0% |
Price Behavior
| Market Price | $7.88 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 10/30/2018 | |
| Distance from 52W High | -21.7% | |
| 50 Days | 200 Days | |
| DMA Price | $7.54 | $7.10 |
| DMA Trend | down | up |
| Distance from DMA | 4.5% | 10.9% |
| 3M | 1YR | |
| Volatility | 43.0% | 57.8% |
| Downside Capture | 33.82 | 156.33 |
| Upside Capture | 156.96 | 133.01 |
| Correlation (SPY) | 12.0% | 28.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.60 | 1.59 | 0.47 | 0.92 | 1.25 | 1.28 |
| Up Beta | 1.49 | 1.80 | 1.15 | 1.28 | 0.66 | 1.17 |
| Down Beta | 1.70 | 1.84 | -2.34 | 0.14 | 1.30 | 1.26 |
| Up Capture | 165% | 192% | 165% | 123% | 155% | 138% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 11 | 24 | 34 | 62 | 121 | 366 |
| Down Capture | 154% | 85% | -27% | 76% | 132% | 110% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 10 | 16 | 28 | 62 | 129 | 380 |
[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 | 1.8% | 57.6% | 0.24 | - |
| Sector ETF (XLK) | 40.4% | 26.5% | 1.25 | 21.6% |
| Equity (SPY) | 15.9% | 13.0% | 0.87 | 28.1% |
| Gold (GLD) | 8.1% | 29.6% | 0.26 | -1.9% |
| Commodities (DBC) | 43.1% | 20.8% | 1.61 | -11.2% |
| Real Estate (VNQ) | 2.2% | 13.6% | -0.09 | 8.1% |
| Bitcoin (BTCUSD) | -27.1% | 44.5% | -0.58 | 25.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GDYN | |
|---|---|---|---|---|
| GDYN | -23.9% | 61.1% | -0.21 | - |
| Sector ETF (XLK) | 21.3% | 25.9% | 0.73 | 37.4% |
| Equity (SPY) | 13.2% | 17.2% | 0.59 | 41.3% |
| Gold (GLD) | 18.2% | 18.9% | 0.78 | 1.4% |
| Commodities (DBC) | 10.6% | 19.6% | 0.42 | -0.9% |
| Real Estate (VNQ) | 0.5% | 18.9% | -0.08 | 32.7% |
| Bitcoin (BTCUSD) | 13.9% | 52.3% | 0.44 | 19.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GDYN | |
|---|---|---|---|---|
| GDYN | -2.1% | 56.2% | 0.18 | - |
| Sector ETF (XLK) | 24.9% | 25.0% | 0.90 | 35.2% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 38.2% |
| Gold (GLD) | 11.8% | 16.4% | 0.58 | 3.1% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | 6.3% |
| Real Estate (VNQ) | 4.5% | 20.7% | 0.18 | 33.1% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | 17.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/30/2026 | -2.4% | 7.4% | 12.9% |
| 4/30/2026 | 2.1% | 22.8% | 38.1% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 17 | 14 |
| # Negative | 10 | 7 | 10 |
| Median Positive | 8.2% | 7.4% | 18.0% |
| Median Negative | -4.2% | -6.7% | -12.1% |
| Max Positive | 26.7% | 27.0% | 40.6% |
| Max Negative | -20.0% | -26.6% | -22.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/30/2026 | -2.4% | 7.4% | 12.9% |
| 4/30/2026 | 2.1% | 22.8% | 38.1% |
| 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% |
| 2/22/2024 | 3.2% | -1.7% | -11.1% |
| 11/2/2023 | 9.3% | 1.4% | 15.1% |
| 8/3/2023 | 14.6% | 11.8% | 19.3% |
| 5/4/2023 | -20.0% | -26.6% | -22.6% |
| 2/23/2023 | 1.9% | -1.8% | -11.6% |
| 11/3/2022 | -4.2% | 3.1% | -2.1% |
| 8/4/2022 | -1.7% | -4.3% | -1.5% |
| 5/5/2022 | 15.6% | 1.9% | 26.7% |
| 3/3/2022 | -6.6% | 5.5% | 34.9% |
| 11/4/2021 | 26.7% | 27.0% | 26.3% |
| 8/5/2021 | 15.7% | 10.9% | 40.6% |
| 5/6/2021 | 6.9% | 13.5% | 9.0% |
| 3/4/2021 | -3.0% | 6.0% | 5.5% |
| 11/5/2020 | 7.2% | 3.9% | 34.7% |
| SUMMARY STATS | |||
| # Positive | 14 | 17 | 14 |
| # Negative | 10 | 7 | 10 |
| Median Positive | 8.2% | 7.4% | 18.0% |
| Median Negative | -4.2% | -6.7% | -12.1% |
| 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 |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 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 |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 03/03/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 03/05/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 05/12/2020 | S-1 |
Recent Forward Guidance
Updated 9/28/2026Latest: Q2 2026 Earnings Reported 7/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 112.00 Mil | 113.00 Mil | 114.00 Mil | 5.6% | Higher New | Guidance: 107.00 Mil for Q2 2026 | |
| Q3 2026 Non-GAAP EBITDA | Reported | 16.50 Mil | 17.00 Mil | 17.50 Mil | 17.2% | Higher New | Guidance: 14.50 Mil for Q2 2026 | |
| Q3 2026 Basic Share Count | Reported | 81.00 Mil | 81.50 Mil | 82.00 Mil | ||||
| Q3 2026 Diluted Share Count | Reported | 83.00 Mil | 83.50 Mil | 84.00 Mil | ||||
| 2026 Revenue | Reported | 435.00 Mil | 450.00 Mil | 465.00 Mil | 0 | Affirmed | Guidance: 450.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | Reported | 106.00 Mil | 107.00 Mil | 108.00 Mil | 3.4% | Higher New | Guidance: 103.50 Mil for Q1 2026 | |
| Q2 2026 Non-GAAP EBITDA | Reported | 14.00 Mil | 14.50 Mil | 15.00 Mil | 16.0% | Higher New | Guidance: 12.50 Mil for Q1 2026 | |
| 2026 Revenue | Reported | 435.00 Mil | 450.00 Mil | 465.00 Mil | 0 | Affirmed | Guidance: 450.00 Mil for 2026 | |
| 2026 Revenue Growth | Reported | 5.6% | 9.25% | 12.9% | -0.0% | Lowered | Guidance: 9.3% for 2026 | |
Q4 2025 Earnings Reported 3/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | Reported | 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 | Reported | 12.00 Mil | 12.50 Mil | 13.00 Mil | -7.4% | Lower New | Guidance: 13.50 Mil for Q4 2025 | |
| 2026 Revenue | Reported | 435.00 Mil | 450.00 Mil | 465.00 Mil | 9.3% | Higher New | Guidance: 411.70 Mil for 2025 | |
| 2026 Revenue Growth | Reported | 9.3% | -8.1% | Lower New | Guidance: 17.4% for 2025 | |||
Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | Reported | 105.00 Mil | 106.00 Mil | 107.00 Mil | 1.9% | Higher New | Guidance: 104.00 Mil for Q3 2025 | |
| Q4 2025 Non-GAAP EBITDA | Reported | 13.00 Mil | 13.50 Mil | 14.00 Mil | 8.0% | Higher New | Guidance: 12.50 Mil for Q3 2025 | |
| 2025 Revenue | Reported | 410.70 Mil | 411.70 Mil | 412.70 Mil | -3.1% | Lowered | Guidance: 425.00 Mil for 2025 | |
| 2025 Revenue Growth | Reported | 17.1% | 17.4% | 17.7% | -3.8% | Lowered | Guidance: 21.25% for 2025 | |
| 2026 Operating Margin Improvement | Reported | 3.0% | ||||||
Insider Activity
Updated 9/3/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 9032026 | 8.00 | 3,918 | 31,344 | 4,024,560 | Form |
| 2 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 8192026 | 7.53 | 467 | 3,517 | 3,817,620 | Form |
| 3 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 8132026 | 8.00 | 3,930 | 31,440 | 4,064,696 | Form |
| 4 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 7022026 | 6.29 | 1,245 | 7,831 | 3,220,587 | Form |
| 5 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 6012026 | 8.00 | 4,435 | 35,480 | 4,119,584 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 9032026 | 8.00 | 3,918 | 31,344 | 4,024,560 | Form |
| 2 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 8192026 | 7.53 | 467 | 3,517 | 3,817,620 | Form |
| 3 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 8132026 | 8.00 | 3,930 | 31,440 | 4,064,696 | Form |
| 4 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 7022026 | 6.29 | 1,245 | 7,831 | 3,220,587 | Form |
| 5 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 6012026 | 8.00 | 4,435 | 35,480 | 4,119,584 | Form |
| 6 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 5152026 | 6.45 | 467 | 3,012 | 3,350,020 | Form |
| 7 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 4022026 | 5.54 | 1,245 | 6,897 | 2,883,470 | Form |
| 8 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 3122026 | 6.22 | 21,266 | 132,275 | 3,255,629 | Form |
| 9 | Livschitz, Leonard | CHIEF EXECUTIVE OFFICER | Direct | Sell | 1212026 | 9.00 | 10,000 | 90,000 | 28,119,087 | Form |
| 10 | Livschitz, Leonard | CHIEF EXECUTIVE OFFICER | Direct | Sell | 12292025 | 9.33 | 10,000 | 93,300 | 26,323,457 | Form |
| 11 | Zhang, Shuo | Direct | Sell | 12172025 | 9.75 | 3,000 | 29,250 | 902,021 | Form | |
| 12 | Livschitz, Leonard | CHIEF EXECUTIVE OFFICER | Direct | Sell | 12112025 | 9.70 | 10,000 | 97,000 | 27,464,367 | Form |
| 13 | Doradla, Anil | CHIEF FINANCIAL OFFICER | Direct | Sell | 12112025 | 10.00 | 4,368 | 43,680 | 3,448,520 | Form |
| 14 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 12092025 | 9.66 | 25,000 | 241,500 | 4,253,192 | Form |
| 15 | Livschitz, Leonard | CHIEF EXECUTIVE OFFICER | Direct | Sell | 12042025 | 9.00 | 10,000 | 90,000 | 25,572,402 | Form |
| 16 | Gryzlov, Yury | CHIEF OPERATING OFFICER | Direct | Sell | 11042025 | 9.00 | 737 | 6,633 | 4,187,601 | Form |
| 17 | Livschitz, Leonard | CHIEF EXECUTIVE OFFICER | Direct | Sell | 11042025 | 9.00 | 10,000 | 90,000 | 25,662,402 | Form |
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Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| IT Consulting & Other Services Resources |
| IDC |
| Forrester |
| Consultancy.org |
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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