Grid Dynamics Holdings (GDYN) Operating Expenses (2018 - 2026)
Grid Dynamics Holdings (GDYN) reported Operating Expenses of $39.9 million for Q1 2026, up 2.25% on a YoY basis from $39.0 million in Q1 2025, and up 12.02% sequentially from $35.6 million in Q4 2025.
Grid Dynamics Holdings (GDYN) Operating Expenses (2018 - 2026) Analysis & Trends
Grid Dynamics Holdings (GDYN) has 9 years of Operating Expenses data on file, last reported at $39.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 2.25% year-over-year to $39.9 million; the trailing twelve-month figure through Mar 2026 stood at $145.1 million (up 7.55% YoY), and the FY2025 full-year result was $144.2 million, up 11.72% from the prior year.
- Operating Expenses rose to $39.9 million in Q1 2026, from $35.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $39.9 million in Q1 2026 to a low of $26.6 million in Q1 2022.
- A 5-year average of $33.7 million and a median of $34.6 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 115.66% in 2022 and sank 32.08% in 2023, its largest moves.
- Tracing GDYN's Operating Expenses over 5 years: stood at $37.9 million in 2022, then dropped by 22.99% to $29.2 million in 2023, then increased by 22.65% to $35.8 million in 2024, then dropped by 0.44% to $35.6 million in 2025, then increased by 12.02% to $39.9 million in 2026.
- Business Quant data shows GDYN's Operating Expenses at $39.9 million in Q1 2026, $35.6 million in Q4 2025, and $35.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 7.29 Bn |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 15.54 Bn |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | -27.00 Mn |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 528.00 Mn |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | 29.83 Mn |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 605.00 Mn |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 791.00 Mn |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | 2.23 Bn |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 1.59 Bn |
| 10 | Grid Dynamics Holdings | 475.05 Mn | 147.59 Mn | 36.23 Mn | 39.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.91 Mn |
| Dec 31, 2025 | 35.63 Mn |
| Sep 30, 2025 | 34.95 Mn |
| Jun 30, 2025 | 34.63 Mn |
| Mar 31, 2025 | 39.03 Mn |
| Dec 31, 2024 | 35.79 Mn |
| Sep 30, 2024 | 30.59 Mn |
| Jun 30, 2024 | 29.52 Mn |
| Mar 31, 2024 | 33.21 Mn |
| Dec 31, 2023 | 29.18 Mn |
| Sep 30, 2023 | 28.01 Mn |
| Jun 30, 2023 | 26.97 Mn |
| Mar 31, 2023 | 34.57 Mn |
| Dec 31, 2022 | 37.89 Mn |
| Sep 30, 2022 | 37.42 Mn |
| Jun 30, 2022 | 39.71 Mn |
| Mar 31, 2022 | 26.58 Mn |
| Dec 31, 2021 | 28.85 Mn |
| Sep 30, 2021 | 23.30 Mn |
| Jun 30, 2021 | 18.41 Mn |