Grid Dynamics Holdings (GDYN) Research & Development (2019 - 2026)
Grid Dynamics Holdings (GDYN) reported Research & Development of $6.42 million for Q2 2026, down 4.8% from $6.74 million a year earlier but up 5.7% from the prior quarter.
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Analysis
Grid Dynamics Holdings (GDYN) Research & Development (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Grid Dynamics Holdings' Research & Development came in at $22.94 million, down 0.6% 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%).
- Five-year quarterly Research & Development spans a low of $2.13 million in Q3 2021 and a high of $6.74 million in Q2 2025.
- Year over year, Research & Development has now declined in each of the last three quarters, with growth averaging 23.4% over the last eight quarters.
- 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 Q2 2026 came in at $6.08 million (Q1 2026), $4.68 million (Q4 2025) and $5.76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 42.66 Bn | 42.72 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 25.65 Bn | 18.82 Bn | 1.83 Bn | - |
| 3 | Td Synnex | 20.51 Bn | 14.54 Bn | 1.34 Bn | - |
| 4 | Cdw | 16.33 Bn | 14.32 Bn | 1.32 Bn | - |
| 5 | Cgi | 15.07 Bn | 12.85 Bn | - | - |
| 6 | Arrow Electronics | 11.72 Bn | 10.75 Bn | 1.13 Bn | - |
| 7 | Avnet | 8.33 Bn | 7.51 Bn | 865.03 Mn | - |
| 8 | Ingram Micro Holding | 6.23 Bn | 1.84 Bn | 958.68 Mn | - |
| 9 | EPAM Systems | 5.55 Bn | 1.19 Bn | 429.57 Mn | - |
| 10 | Grid Dynamics Holdings | 615.35 Mn | -691.16 Mn | 39.62 Mn | 6.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 2.13 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();