Grid Dynamics Holdings (GDYN) Research & Development (2019 - 2026)
Grid Dynamics Holdings (GDYN) reported Research & Development of $6.52 million for Q3 2026, up 13.2% from $5.76 million a year earlier and up 1.5% from the prior quarter.
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Analysis
Grid Dynamics Holdings (GDYN) Research & Development (2019 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Grid Dynamics Holdings' Research & Development came in at $23.7 million, down 2.8% year-over-year; for FY2025, it was $23.67 million, up 29.0% from FY2024.
- Research & Development has a five-year compound annual growth rate of 20.5% (FY2020 to FY2025).
- By year, Research & Development came in at $18.35 million in FY2024 (+24.5%), $14.74 million in FY2023 (-6.5%), $15.77 million in FY2022 (+86.5%) and $8.46 million in FY2021 (-9.2%).
- The Q3 2026 figure ranks as the highest quarterly Research & Development since Q2 2025.
- Year over year, Research & Development gained in five of the last eight quarters, with growth averaging 21.2%.
- The high point for year-over-year Research & Development in five years was Q2 2022 (growth of 116.7%); the low point was Q3 2023 (a decline of 17.8%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $6.42 million (Q2 2026), $6.08 million (Q1 2026) and $4.68 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 50.81 Bn | 42.20 Bn | - | - |
| 2 | Cognizant Technology Solutions | 28.52 Bn | 22.49 Bn | 1.91 Bn | - |
| 3 | Cdw | 20.95 Bn | 17.85 Bn | 1.39 Bn | - |
| 4 | Td Synnex | 18.62 Bn | 12.78 Bn | 1.43 Bn | - |
| 5 | Arrow Electronics | 10.10 Bn | 9.05 Bn | 1.13 Bn | - |
| 6 | EPAM Systems | 7.92 Bn | 3.84 Bn | 445.94 Mn | - |
| 7 | Avnet | 7.12 Bn | 6.30 Bn | 865.03 Mn | - |
| 8 | ExlService Holdings | 6.52 Bn | 5.32 Bn | 241.14 Mn | - |
| 9 | Science Applications International | 6.35 Bn | 5.89 Bn | 239.00 Mn | - |
| 10 | Grid Dynamics Holdings | 1.08 Bn | -187.35 Mn | 46.08 Mn | 6.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.52 Mn |
| Jun 30, 2026 | 6.42 Mn |
| Mar 31, 2026 | 6.08 Mn |
| Dec 31, 2025 | 4.68 Mn |
| Sep 30, 2025 | 5.76 Mn |
| Jun 30, 2025 | 6.74 Mn |
| Mar 31, 2025 | 6.49 Mn |
| Dec 31, 2024 | 5.40 Mn |
| Sep 30, 2024 | 4.45 Mn |
| Jun 30, 2024 | 4.13 Mn |
| Mar 31, 2024 | 4.37 Mn |
| Dec 31, 2023 | 3.86 Mn |
| Sep 30, 2023 | 3.40 Mn |
| Jun 30, 2023 | 3.27 Mn |
| Mar 31, 2023 | 4.20 Mn |
| Dec 31, 2022 | 4.70 Mn |
| Sep 30, 2022 | 4.14 Mn |
| Jun 30, 2022 | 3.84 Mn |
| Mar 31, 2022 | 3.10 Mn |
| Dec 31, 2021 | 2.77 Mn |
API Access
Grid Dynamics Holdings Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=GDYN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "GDYN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=GDYN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();