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
DateValue
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