Grid Dynamics Holdings (GDYN) Research & Development (2019 - 2026)
Grid Dynamics Holdings (GDYN) reported Research & Development of $6.1 million for Q1 2026, down 26.38% on a YoY basis from $8.3 million in Q1 2025, and down 16.95% sequentially from $7.3 million in Q4 2025.
Grid Dynamics Holdings (GDYN) Research & Development (2019 - 2026) Analysis & Trends
Grid Dynamics Holdings (GDYN) has 8 years of Research & Development data on file, last reported at $6.1 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 26.38% year-over-year to $6.1 million; the trailing twelve-month figure through Mar 2026 stood at $26.3 million (down 3.46% YoY), and the FY2025 full-year result was $30.0 million, up 4.93% from the prior year.
- Research & Development declined to $6.1 million in Q1 2026, from $7.3 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $8.3 million in Q1 2025 to a low of $3.1 million in Q1 2022.
- A 5-year average of $5.8 million and a median of $6.1 million in 2026 frame the typical range for Research & Development.
- Across the five-year window, Research & Development jumped 94.14% in 2022 and retreated 27.5% in 2024, its largest moves.
- Tracing GDYN's Research & Development over 5 years: stood at $4.7 million in 2022, then surged by 36.73% to $6.4 million in 2023, then gained by 12.54% to $7.2 million in 2024, then gained by 1.29% to $7.3 million in 2025, then decreased by 16.95% to $6.1 million in 2026.
- Business Quant data shows GDYN's Research & Development at $6.1 million in Q1 2026, $7.3 million in Q4 2025, and $5.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 2.31 Bn |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 1.81 Bn |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | -1.39 Mn |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 270.00 Mn |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | - |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | - |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | - |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | -174.00 Mn |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | - |
| 10 | Grid Dynamics Holdings | 475.05 Mn | 147.59 Mn | 36.23 Mn | 6.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.08 Mn |
| Dec 31, 2025 | 7.32 Mn |
| Sep 30, 2025 | 5.76 Mn |
| Jun 30, 2025 | 7.12 Mn |
| Mar 31, 2025 | 8.26 Mn |
| Dec 31, 2024 | 7.23 Mn |
| Sep 30, 2024 | 4.45 Mn |
| Jun 30, 2024 | 7.29 Mn |
| Mar 31, 2024 | 7.29 Mn |
| Dec 31, 2023 | 6.42 Mn |
| Sep 30, 2023 | 6.13 Mn |
| Jun 30, 2023 | 5.96 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 |
| Jun 30, 2021 | 2.84 Mn |