Jun 2026 (Q2 FY26) — Jul 30, 2026
Grid Dynamics Q2 FY26 — Strong AI Momentum and Margin Expansion
Read the full callGrid Dynamics (GDYN) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Grid Dynamics earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 108 | +7.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 1.2 | +1.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2.9 | −45.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$8.09 +3.85% · +$0.3
Performance +6.6% 1Y
1Y: $7.59 on 17 Oct 2025 → $8.09. High $10.06 (10 Dec 2025), low $5.21 (25 Jun 2026).
- Previous close
- $7.79
- 52-week range
- $5.21 – $10.06
- One year
- +2.80%
Overview
- Symbol
- GDYN
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Grid Dynamics earnings calls (GDYN)
Financials
What the filings say
Net profit, year on year: −46% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 87 | 100 | 100 | 101 | 104 | 106 | 104 | 108 |
| Operating profit | 2 | 1 | -2 | -0 | -0 | 1 | -4 | 1 |
| Operating margin | 2.4% | 1.3% | −2.0% | −0.1% | −0.2% | 0.5% | −3.5% | 1.2% |
| Profit before tax | 6 | 6 | 2 | 7 | 3 | 3 | -0 | 4 |
| Tax rate | 23.6% | 21.5% | −17.9% | 27.8% | 62.3% | 89.1% | −234.8% | 36.1% |
| Net profit | 4 | 5 | 3 | 5 | 1 | 0 | -1 | 3 |
| EPS ($ per share) | 0.06 | — | 0.03 | 0.06 | 0.01 | — | -0.02 | 0.03 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 1 | -3 | 23 | 15 | -14 | -16 | -12 | -2 |
| Total liabilities | 8 | 8 | 15 | 30 | 48 | 52 | 74 | 71 |
| Fixed assets | — | 4 | 4 | 6 | 8 | 11 | 14 | 18 |
| Total assets | 222 | 72 | 167 | 257 | 411 | 435 | 592 | 613 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 11 | 13 | 6 | 18 | 32 | 41 | 30 | 41 |
| Cash from investing | -3 | -3 | -18 | -35 | -16 | -26 | -51 | -15 |
| Cash from financing | — | 15 | 83 | 49 | 98 | -16 | 101 | -20 |
| Net cash flow | — | 24 | 71 | 32 | 112 | 0 | 78 | 7 |
| Capital expenditure | -3 | -3 | -2 | -5 | -6 | -8 | -12 | -15 |
| Free cash flow | 8 | 10 | 4 | 13 | 26 | 33 | 18 | 25 |
Insider filings
75 filings between Oct 28, 2025 and Oct 8, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$1.20M
21 sales by 4 insiders
90% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 22
- Award — granted as compensation
- 31
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Livschitz Leonard | — | $557.3K | Jan 20, 2026 |
| Gryzlov Yury | — | $549.3K | Oct 8, 2026 |
| Doradla Anil | — | $63.7K | Jan 7, 2026 |
| Zhang Shuo | — | $29.3K | Dec 15, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 8, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Sale 10b5-1 plan | 4,849 | $38.8K |
| Oct 2, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Sale 10b5-1 plan | 1,245 | $10.5K |
| Oct 1, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Tax withheld | 1,686 | $14.1K |
| Oct 1, 2026 | Doradla Anil CHIEF FINANCIAL OFFICER | Tax withheld | 2,111 | $17.7K |
| Oct 1, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 35,968 | $301.4K |
| Sep 3, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Sale 10b5-1 plan | 3,918 | $31.3K |
| Aug 21, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 174 | $1.4K |
| Aug 18, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Sale 10b5-1 plan | 467 | $3.5K |
| Aug 14, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 252 | $1.9K |
| Aug 14, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Tax withheld | 632 | $4.9K |
| Aug 13, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Sale 10b5-1 plan | 3,930 | $31.4K |
| Aug 7, 2026 | Zhang Shuo Director | Gift | 5,134 | $0 |
| Jul 28, 2026 | Doradla Anil CHIEF FINANCIAL OFFICER | Tax withheld | 667 | $4.1K |
| Jul 2, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Sale 10b5-1 plan | 1,245 | $7.8K |
| Jul 2, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 35,968 | $224.4K |
| Jul 1, 2026 | Doradla Anil CHIEF FINANCIAL OFFICER | Tax withheld | 2,118 | $13.2K |
| Jul 1, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 35,968 | $224.4K |
| Jul 1, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Tax withheld | 1,686 | $10.5K |
| Jun 1, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Sale 10b5-1 plan | 4,435 | $35.5K |
| May 22, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 162 | $1.1K |
| May 15, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 236 | $1.5K |
| May 15, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Sale 10b5-1 plan | 467 | $3.0K |
| May 14, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Tax withheld | 632 | $4.1K |
| Apr 28, 2026 | Doradla Anil CHIEF FINANCIAL OFFICER | Tax withheld | 702 | $3.9K |
| Apr 2, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Sale 10b5-1 plan | 1,245 | $6.9K |
| Apr 1, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 35,968 | $202.9K |
| Apr 1, 2026 | Doradla Anil CHIEF FINANCIAL OFFICER | Tax withheld | 2,108 | $11.9K |
| Apr 1, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Tax withheld | 1,686 | $9.5K |
| Mar 10, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Sale 10b5-1 plan | 21,266 | $132.3K |
| Feb 21, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 178 | $1.2K |
| Feb 14, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 1,024 | $6.7K |
| Feb 14, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Tax withheld | 2,629 | $17.3K |
| Feb 10, 2026 | Doradla Anil CHIEF FINANCIAL OFFICER | Tax withheld | 22,125 | $153.5K |
| Feb 10, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 355,119 | $2.46M |
| Feb 10, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Tax withheld | 8,654 | $60.1K |
| Feb 10, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Tax withheld | 17,310 | $120.1K |
| Feb 7, 2026 | Doradla Anil CHIEF FINANCIAL OFFICER | Award | 49,368 | $0 |
| Feb 7, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Award | 658,240 | $0 |
| Feb 7, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Award | 65,824 | $0 |
| Feb 7, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Award | 32,912 | $0 |
| Jan 28, 2026 | Doradla Anil CHIEF FINANCIAL OFFICER | Tax withheld | 765 | $6.3K |
| Jan 20, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 10,000 | $90.0K |
| Jan 7, 2026 | Doradla Anil CHIEF FINANCIAL OFFICER | Sale 10b5-1 plan | 2,000 | $20.0K |
| Jan 6, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 10,000 | $97.0K |
| Jan 1, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Award | 36,000 | $0 |
| Jan 1, 2026 | Doradla Anil CHIEF FINANCIAL OFFICER | Tax withheld | 2,377 | $21.5K |
| Jan 1, 2026 | Gryzlov Yury CHIEF OPERATING OFFICER | Tax withheld | 1,753 | $15.8K |
| Jan 1, 2026 | Doradla Anil CHIEF FINANCIAL OFFICER | Award | 36,000 | $0 |
| Jan 1, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Tax withheld | 37,035 | $334.4K |
| Jan 1, 2026 | Livschitz Leonard CHIEF EXECUTIVE OFFICER | Award | 360,000 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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