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Grid Dynamics Valuation Multiples
Discover revenue and EBITDA valuation multiples for Grid Dynamics and similar public comparables like Toukei Computer, Infibeam Avenues, TXT Group, Troy Information Technology and more.
Grid Dynamics Overview
About Grid Dynamics
Grid Dynamics Holdings Inc is a provider of technology consulting, platform and product engineering, and advanced analytics services. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. The company derives maximum revenue from Retails. Geographically company earns revenue from North America, Europe and other regions.
Founded
2018
HQ

Employees
4.7K
Website
Sectors
Financials (LTM)
EV
$161M
Valuation Multiples
Start free trialGrid Dynamics Financials
Grid Dynamics reported last 12-month revenue of $423M and EBITDA of $56M.
In the same LTM period, Grid Dynamics generated $146M in gross profit, $56M in EBITDA, and $36M in net income.
Revenue (LTM)
Grid Dynamics P&L
In the most recent fiscal year, Grid Dynamics reported revenue of $412M and EBITDA of $54M.
Grid Dynamics is profitable as of last fiscal year, with gross margin of 35%, EBITDA margin of 13%, and net margin of 9%.
Financial data powered by Morningstar, Inc.
Grid Dynamics Stock Performance
Grid Dynamics has current market cap of $486M, and enterprise value of $161M.
Market Cap Evolution
Grid Dynamics' stock price is $5.69.
Grid Dynamics share price decreased by 54.6% in the last year.
Grid Dynamics has an EPS (earnings per share) of $0.41.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $161M | $486M | 1.3% | — | -15.7% | -54.6% | $0.41 |
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Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialGrid Dynamics Valuation Multiples
Grid Dynamics trades at 0.4x EV/Revenue multiple, and 2.8x EV/EBITDA.
EV / Revenue (LTM)
Grid Dynamics Financial Valuation Multiples
As of May 1, 2026, Grid Dynamics has market cap of $486M and EV of $161M.
Grid Dynamics has a P/E ratio of 13.5x.
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Grid Dynamics Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Grid Dynamics Margins & Growth Rates
Grid Dynamics grew revenue by 8% and EBITDA by 15% in the last fiscal year.
In the most recent fiscal year, Grid Dynamics reported gross margin of 35%, EBITDA margin of 13%, and net margin of 9%.
Grid Dynamics Margins
Grid Dynamics Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
Grid Dynamics Operational KPIs
Grid Dynamics' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Grid Dynamics' Rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Grid Dynamics' Rule of X is 34% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Data powered by FactSet, Inc. and Morningstar, Inc.
Grid Dynamics Competitors
Grid Dynamics competitors include Toukei Computer, Infibeam Avenues, TXT Group, Troy Information Technology, Altron, Aurionpro Solutions, Sygnity, Datamatics Global Services, Edarat Group and JBCC Holdings.
Most Grid Dynamics public comparables operate across IT Consulting.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| 3.5x | 3.5x | 8.9x | — | |||
| — | — | — | — | |||
| 1.3x | 1.3x | 8.6x | 8.4x | |||
| 2.7x | — | (269.1x) | — | |||
| 0.9x | 0.9x | 5.1x | 4.4x | |||
| 3.3x | 2.9x | 16.0x | 14.2x | |||
| 4.3x | — | 14.1x | — | |||
| 2.3x | — | 12.7x | — | |||
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Grid Dynamics Funding History
Before going public, Grid Dynamics raised $17M in total equity funding, across 2 rounds.
Grid Dynamics Funding Rounds
Grid Dynamics M&A Activity
Grid Dynamics has acquired 7 companies to date.
Last acquisition by Grid Dynamics was on October 7th 2024. Grid Dynamics acquired Mobile Computing for $16M (EV/Revenue multiple of ).
Latest Acquisitions by Grid Dynamics
| Description | Mobile Computing is a Buenos Aires-based software firm specializing in enterprise mobility solutions. It develops custom applications for logistics, field service, and inventory management on Android and iOS platforms. The company integrates with ERP systems like SAP and Oracle, serving clients in Latin America's manufacturing and retail sectors. Mobile Computing emphasizes offline functionality and barcode scanning for warehouse operations. Founded in 2005, it operates from Argentina with development teams supporting Spanish and Portuguese markets. | JUXT builds software applications using modern technology stacks like Clojure, emphasizing simplicity and efficiency. The firm delivers custom development services to clients while contributing open-source tools to the developer community. Based in the UK, it specializes in scalable web and data systems via https://juxt.pro. | Next Sphere Technologies is a U.S.-based custom software development firm serving industries like healthcare, finance, and logistics. The company builds web and mobile applications using .NET, React, and cloud platforms, supported by a fixed-price Not-To-Exceed model to minimize project risks. Headquartered in Dallas, NextSphere delivers end-to-end solutions from requirements analysis to deployment and maintenance for mid-sized enterprises seeking scalable business tools. | Mutual Mobile provides digital innovation consulting from its Austin, Texas headquarters, blending strategy, design, and engineering for over 200 client projects. The firm has developed apps for AutoTrader.com, Union Bank, and Google, alongside open-source tools like Lavaca for HTML5, VIPER for iOS architecture, and Otter for app analytics. Its team delivers mobile, web, and AI-driven experiences across industries. | |
| HQ Country | |||||
| HQ City | Buenos Aires | Milton Keynes | Clearwater, FL | Austin, TX | |
| Deal Date | 7 Oct 2024 | 26 Sep 2024 | 18 Apr 2023 | 27 Dec 2022 | |
| Valuation | $16M | $47M | $26M | $16M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Grid Dynamics acquisitions and their M&A valuation multiples. Start Free Trial | |||||
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Start Free TrialAbout Grid Dynamics
| When was Grid Dynamics founded? | Grid Dynamics was founded in 2018. |
| Where is Grid Dynamics headquartered? | Grid Dynamics is headquartered in United States. |
| How many employees does Grid Dynamics have? | As of today, Grid Dynamics has over 4K employees. |
| Who is the CEO of Grid Dynamics? | Grid Dynamics' CEO is Leonard Livschitz. |
| Is Grid Dynamics publicly listed? | Yes, Grid Dynamics is a public company listed on Nasdaq. |
| What is the stock symbol of Grid Dynamics? | Grid Dynamics trades under GDYN ticker. |
| When did Grid Dynamics go public? | Grid Dynamics went public in 2020. |
| Who are competitors of Grid Dynamics? | Grid Dynamics main competitors include Toukei Computer, Infibeam Avenues, TXT Group, Troy Information Technology, Altron, Aurionpro Solutions, Sygnity, Datamatics Global Services, Edarat Group, JBCC Holdings. |
| What is the current market cap of Grid Dynamics? | Grid Dynamics' current market cap is $486M. |
| What is the current revenue of Grid Dynamics? | Grid Dynamics' last 12 months revenue is $423M. |
| What is the current revenue growth of Grid Dynamics? | Grid Dynamics revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Grid Dynamics? | Current revenue multiple of Grid Dynamics is 0.4x. |
| Is Grid Dynamics profitable? | Yes, Grid Dynamics is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Grid Dynamics? | Grid Dynamics' last 12 months EBITDA is $56M. |
| What is Grid Dynamics' EBITDA margin? | Grid Dynamics' last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Grid Dynamics? | Current EBITDA multiple of Grid Dynamics is 2.8x. |
| What is the current FCF of Grid Dynamics? | Grid Dynamics' last 12 months FCF is $30M. |
| What is Grid Dynamics' FCF margin? | Grid Dynamics' last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Grid Dynamics? | Current FCF multiple of Grid Dynamics is 5.4x. |
| How many companies Grid Dynamics has acquired to date? | As of May 2026, Grid Dynamics has acquired 7 companies. |
| What was the largest acquisition by Grid Dynamics? | $47M acquisition of JUXT on 26th September 2024 was the largest M&A Grid Dynamics has done to date. |
| What companies Grid Dynamics acquired? | Grid Dynamics acquired JUXT, Tacit Knowledge, Next Sphere Technologies, Mobile Computing, Mutual Mobile, Daxx, and Tonomi. |
| In how many companies Grid Dynamics has invested to date? | Grid Dynamics hasn't invested in any companies yet (or none have been disclosed publicly). |
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